PENN Entertainment, Inc. (PENN)
|Net Income (ttm)||-111.10M|
|Day's Range||23.11 - 23.92|
|52-Week Range||18.35 - 36.66|
|Price Target||33.67 (+44.57%)|
|Earnings Date||Feb 1, 2024|
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino. The company's portfolio also includes MyChoice, customer loyalty program, which offers a set of rew... [Read more]
In 2022, PENN's revenue was $6.40 billion, an increase of 8.41% compared to the previous year's $5.91 billion. Earnings were $222.10 million, a decrease of -47.22%.Financial Statements
According to 16 analysts, the average rating for PENN stock is "Buy." The 12-month stock price forecast is $33.67, which is an increase of 44.57% from the latest price.
PENN Entertainment Announces Strategic Partnership With Quail Hollow Club for ESPN BET Market Access in North Carolina
WYOMISSING, Pa. & CHARLOTTE, N.C.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has ...
Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts , Hollywood Casino at Greektown operated by Penn Entertainment and Moto...
WYOMISSING, Pa. & AURORA, Ill.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for the future Hollywood ...
WYOMISSING, Pa. & COLUMBUS, Ohio--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for a new hotel at Holl...
Shares of PENN Entertainment (PENN) jumped after Bank of America said Monday that the sports gambling operator has benefited greatly from its $1.5 billion acquisition in August of the rights to the fa...
BofA Securities analyst Shaun Kelley upgrades Penn Entertainment to Buy from Neutral.
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced that ESPN BET successfully launched in the 17 states across the U.S. where it offers onlin...
Penn Entertainment launches ESPN bet in 17 states
Shares of Penn Entertainment (PENN) closed higher Tuesday after the company launched ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, in 17 states after dropping B...
NEW YORK — ESPN Bet, a sports-gambling service rebranded with the name of the Disney-owned sports channel, launched Tuesday in 17 U.S. states.
DETROIT--(BUSINESS WIRE)---- $PENN--As Penn Entertainment launches its new ESPN BET rebrand for its sports betting app, workers at Penn-operated Hollywood Casino at Greektown, located in downtown Detr...
Penn Entertainment and ESPN partnership is a 'Hail Mary for both sides', says analyst Joe Pompliano
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WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2023. Jay Snowden...
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-...
Casino workers in Detroit are seeking higher wages and better working conditions as the cost of living has increased in recent years.
Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos operated by MGM Grand Detroit operated by MGM Resorts International , MotorCity Cas...
PENN Entertainment to Report Third Quarter Results and Host Conference Call and Webcast on November 2
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2023 third quarter financial results at 7:00 a.m. ET on Thursday, November 2, 2023 fo...
Stocks like V.F. Corporation NYSE: VFC, Verizon NYSE: VZ, and PENN Entertainment NYSE: PENN get beaten up for a reason, but often, the market will take things to the extreme.
PENN Entertainment to Participate in the Bank of America Securities 2023 Gaming and Lodging Conference on September 7
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (the “Company”) announced today that the Company's Chief Executive Officer and President, Jay Snowden, and Executive Vice Pres...
PENN Entertainment shares drop below pre-ESPN deal levels
Joe Pompliano, Sport Business Analyst, joins 'Last Call' to talk the PENN-ESPN deal, why Penn's stock is lower and what the future of the partnership could look like.
When Penn Entertainment Inc. announced plans on Tuesday to launch an ESPN-branded online sports-betting service, shares of the casino operator initially rallied. But afterward, some Wall Street analys...
Truist Securities analyst Barry Jonas downgraded his rating of Penn to Hold from Buy.
With the ESPN and Penn Entertainment deal, Disney is officially entering the world of sports betting.
In February 2020, casino operator and online betting company Penn Entertainment Inc. took a 36% stake in Barstool Sports for $161 million. This year, Penn bought the rest for $388 million.