Penn National GamingNASDAQ: PENN

PENN Entertainment (PENN) has bolstered its industry-leading loyalty program by expanding partnership with Ticketmaster.

Earlier today, casino operator and sports betting company PENN Entertainment Inc (NASDAQ:PENN) was downgraded on valuation concerns.

Penn Entertainment (NASDAQ: PENN ) stock is in the news Friday as reports spread that the company has received an acquisition offer from Boyd Gaming (NYSE: BYD ). According to these reports, Boyd Gaming is looking to acquire Penn Entertainment for more than $9 billion.

Shares of PENN Entertainment PENN traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector.

LOS ANGELES--(BUSINESS WIRE)--The Donerail Group LP (together with its affiliates, “Donerail” or “we”), a shareholder of PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN), today sent an open letter to the Company's Board of Directors. About Donerail The Donerail Group LP is a Los Angeles-based investment adviser that employs a value-oriented investment lens focusing on special situations and event-driven investments.

PENN Entertainment Inc stock is currently trading at $16.26, up 1.1%, even after being downgraded by Bank of America to a "neutral" rating from a "buy" rating.

PENN Entertainment (PENN) reported lower-than-expected first-quarter 2024 results, mainly due to the underperformance of its Interactive segment caused by unfavorable results from key sporting events.

The gaming company, both online and offline, released its financial results for the first quarter. It reported a loss in profits and a decrease in revenue.

The key metrics for PENN Entertainment (PENN) in the quarter ending March 2024 provide a glimpse into the company's performance, but it could be beneficial to compare them to Wall Street expectations and last year's results.