Profile
Sector:
Consumer CyclicalIndustry:
Resorts & CasinosCountry:
United StatesIPO:
26 May 1994Website:
http://www.pennentertainment.comNext earnings report:
07 November 2024Last dividends:
14 June 2017Next dividends:
N/APrice
regular market | 2 min agoDividend
Analysts recommendations
Institutional Ownership
PENN Latest News
Evaluate the expected performance of PENN Entertainment (PENN) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that Primark, the international clothing retailer, has signed a 78,760 square foot lease to open its first Manhattan store at 150 West 34th Street in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan.
PENN Entertainment is a speculative buy due to recent improvements in price action, short-term bullish momentum, and institutional accumulation. PENN's price action has shifted from a long-term downtrend to a horizontal range, recapturing its 30-week EMA, indicating potential bullish behavior. Short-term momentum is bullish, while long-term momentum is bearish but could turn positive soon; volume patterns show institutional buying.
PENN Entertainment Inc. NASDAQ: PENN is an integrated entertainment experience provider encompassing land-based casinos, iGaming, digital sports betting, racetracks and hotels. The company operates 43 casinos and racetracks in 20 states, along with sports betting through its ESPN BET mobile app in 18 states.
PENN Entertainment's sports betting venture ESPN Bet shows strong growth potential with expansion into New York and increased sporting events, despite being undervalued compared to peers. ESPN Bet's smaller addressable population, lower initial hold, and early market entry contribute to its current undervaluation, but these issues are being addressed. PENN Entertainment's regional casino business, despite high debt, remains robust, providing a solid foundation for ESPN Bet's growth and overall company valuation.
PENN is likely to benefit from its strong gaming performance, sports betting operations, and strategic retail investments amid margin woes.
PENN Entertainment's (PENN) second-quarter 2024 results are hurt by the disappointing performance of its South and Interactive segments.
PENN Entertainment (PENN) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $0.48 per share a year ago.
Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. The company employs about 20,000 people.
Less than a month after a report that Boyd Gaming BYD was considering a buyout of casino and sports betting operator Penn Entertainment PENN, a new bidder has emerged.
What type of business is Penn National Gaming?
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands. The company's portfolio also includes PENN Play, customer loyalty program, which offers a set of rewards and experiences for business channels. In addition, it owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, PENN Play, theScore, theScore Bet, theScore esports, and M Resort. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
What sector is Penn National Gaming in?
Penn National Gaming is in the Consumer Cyclical sector
What industry is Penn National Gaming in?
Penn National Gaming is in the Resorts & Casinos industry
What country is Penn National Gaming from?
Penn National Gaming is headquartered in United States
When did Penn National Gaming go public?
Penn National Gaming initial public offering (IPO) was on 26 May 1994
What is Penn National Gaming website?
https://www.pennentertainment.com
Is Penn National Gaming in the S&P 500?
No, Penn National Gaming is not included in the S&P 500 index
Is Penn National Gaming in the NASDAQ 100?
No, Penn National Gaming is not included in the NASDAQ 100 index
Is Penn National Gaming in the Dow Jones?
No, Penn National Gaming is not included in the Dow Jones index
When was Penn National Gaming the previous earnings report?
No data
When does Penn National Gaming earnings report?
The next expected earnings date for Penn National Gaming is 07 November 2024