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PENN Entertainment Inc (PN1.SG)

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19.69

+0.11

+(0.55%)

As of 8:06:21 AM GMT+1. Market Open.

Bullish PENN Entertainment Insiders Loaded Up On US$2.92m Of Stock

Over the last year, a good number of insiders have significantly increased their holdings in PENN Entertainment, Inc...

Simply Wall St. 12 days ago

PENN
FanDuel, DraftKings to be the sports betting leaders this Super Bowl

With the Super Bowl just six days away, Americans are expected to bet over $24 billion on the big game. Needham & Company managing director Bernie McTernan joins Asking for a Trend to discuss the sports betting platforms that stand to benefit from this big day. McTernan calls the Super Bowl nearly "the most important day of the year" for online betting services. He notes that names such as FanDuel — owned by Flutter Entertainment (FLUT) — and DraftKings (DKNG) have ongoing promotions, each adding a $5 million dollar jackpot individuals can buy into to "get new customers into the system." "What we see over time is that players certainly consolidate their spend," he explains to Yahoo Finance, noting that new individuals may use multiple sports betting apps to start but often end up using just one by the end, with FanDuel and DraftKings leading those preferences. "It's really this flywheel effect where DraftKings and FanDuel, they have the most share. That allows them to invest the most in product and technology, which then drives more share and allows them to invest more," he explains to Josh Lipton. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith

Yahoo Finance Video 20 days ago

FLUT

MGM

DKNG
PENN Entertainment Confirms Receipt of Director Nominations

WYOMISSING, Pa., January 29, 2025--PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the "Company") today confirmed that its Board of Directors has received notice from HG Vora Capital Management, LLC that it has nominated three director candidates to stand for election to the Company’s Board of Directors at PENN’s 2025 Annual Meeting of Shareholders. PENN issued the following statement:

Business Wire 25 days ago

PENN
Major Penn Entertainment Shareholder Launches Proxy Fight

Investor HG Vora is launching a proxy fight at casino operator Penn Entertainment submitting nominations for three independent board seats. The Wall Street Journal reported in late 2023 that HG Vora was looking to win representation on Penn’s board. New York-based HG Vora said in a securities filing earlier this month that it had reduced its stake in Penn to less than 5% to be able to launch a proxy battle.

The Wall Street Journal 25 days ago

PENN

BYD
HG Vora Capital Management Nominates Three Highly Qualified Independent Director Candidates to PENN Entertainment Board

HG Vora Capital Management, LLC ("HG Vora"), a New York based investment firm with deep expertise in the gaming sector and a large shareholder of PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the "Company"), today announced its nomination of three highly qualified director candidates – William J. Clifford, Johnny Hartnett, and Carlos Ruisanchez – to PENN's Board of Directors (the "Board") at the 2025 Annual Meeting of Shareholders. All three candidates are independent of both HG Vora and Co

PR Newswire 25 days ago

PENN
America Has Fallen in Love With Long-Shot Sports Bets

Parlays, the tough-to-win multipart wagers with tantalizing payouts, are bringing in casual and newbie gamblers, and betting companies are making a killing.

The Wall Street Journal 29 days ago

PENN

FLUT

DKNG
PENN Entertainment to Report Fourth Quarter Results and Host Conference Call and Webcast on February 27

WYOMISSING, Pa., January 22, 2025--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2024 fourth quarter financial results at 7:00 a.m. ET on Thursday, February 27, 2025, followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public.

Business Wire last month

PENN
PENN Entertainment Launches ESPN BET in Washington, D.C.

PENN Entertainment launched ESPN BET in Washington, D.C., extending its reach to 20 U.S. jurisdictions.

GuruFocus.com last month

PENN
ESPN BET Now Live in Washington, D.C.

WYOMISSING, Pa., January 21, 2025--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) is pleased to announce that ESPN BET has launched in Washington, D.C. ESPN BET, the official sportsbook of ESPN, is now live in 20 U.S. jurisdictions.

Business Wire last month

PENN
PENN Entertainment Launches New Hollywood Casino App in Pennsylvania

WYOMISSING, Pa., January 14, 2025--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) is pleased to announce the launch of its stand-alone Hollywood Casino app in Pennsylvania. Built on PENN’s proprietary technology platform, Hollywood Casino offers more than 700 iCasino games, a variety of daily promotions, and exciting jackpots.

Business Wire last month

PENN
PENN Entertainment Announces Partnership with Monumental Sports & Entertainment for Market Access in Washington, D.C.

WASHINGTON & WYOMISSING, Pa., January 14, 2025--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports & Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, in

Business Wire last month

PENN
What this sports betting mistake could cost you

With NFL playoffs kicking off in the new year, Yahoo Finance Consumer Affairs Reporter Jordan Weissmann joins Asking for a Trend with Josh Lipton to talk about one important tip for sports betters: Don't gamble on a credit card. Credit card companies often treat sports gambling transactions as cash advances, meaning your bet comes with additional fees, oftentimes $10 per transaction or up to 5% of the total charge, cutting into your winnings. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 months ago

CZR

MGM

PENN
Costco, Penn Entertainment, Norwegian Cruise Line: Trending tickers

Wealth Host Brad Smith breaks down Wall Street's latest stock calls. HSBC (HSBC) has raised Costco Wholesale's (COST) price target to $1,000 per share from $926, maintaining a Hold rating following the retailer's strong first-quarter fiscal performance. The firm cites Costco's robust online and in-store sales, along with its expanding market share. JP Morgan (JPM) has upgraded Penn Entertainment (PENN) to Overweight from Neutral, citing improving free cash flow and the promising performance of its online sports betting service, ESPN Bet. Barclays (BCS) has also boosted its outlook on Norwegian Cruise Line (NCLH), upgrading the stock to Overweight from Equal Weight and increasing the price target to $32. The firm points to strong demand optimism and positive projections for the cruise industry in the coming year. Check out more Wealth here to watch more expert insights and analysis on the latest market action. This post was written by Angel Smith

Yahoo Finance Video 2 months ago

NCLH

PENN

COST
In-play sports betting to hit $14B by decade's end: Analyst

As sports betting platforms continue to gain market share and attract more participants, Citizens JMP Senior Equity Research Analyst Jordan Bender joins to discuss why he believes in-play micro betting is poised to become a $14 billion industry. "In-play betting particularly will be a growth segment for these [sports-betting] companies," he tells Yahoo Finance, highlighting it as "an area that we think will be a major driver of revenue." Bender explains that in-play betting involves predicting a game's next move or outcome, such as a specific pitch in baseball or a pass in an NFL game, which he describes as "engagement tools." Bender estimates the total sports betting market could reach $28 billion by the end of the decade. Currently, in-play betting represents 30 to 40% of the US market, but he projects this could increase to 50 to 60% by 2030, translating to approximately $14 billion. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith

Yahoo Finance Video 2 months ago

CZR

PENN

DKNG
PENN Entertainment Third Quarter 2024 Earnings: EPS Beats Expectations

PENN Entertainment ( NASDAQ:PENN ) Third Quarter 2024 Results Key Financial Results Revenue: US$1.64b (up 1.2% from 3Q...

Simply Wall St. 3 months ago

PENN
PENN Entertainment Reports Third Quarter Results

WYOMISSING, Pa., November 07, 2024--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2024.

Business Wire 3 months ago

PENN
DraftKings, FanDuel brace for Q3 results amid tough NFL season

Sports betting platforms DraftKings (DKNG) and FanDuel — the latter owned by Flutter Entertainment (FLUT) — are set to report their third-quarter earnings this week. The companies could face headwinds from a challenging start to the NFL season. JMP senior equity research analyst Jordan Bender joins Market Domination to discuss his outlook on the sports betting space ahead of these two key earnings results. Bender notes that the NFL season has started poorly for the sports bookers, with bettors winning more than anticipated. "This is putting more money in people's pockets and less money in the sports operators' pockets," he explains. Bender says this has sparked concerns about the financial impacts for companies and the lingering effect on the fourth quarter and 2025. Despite this short-term hiccup, Bender remains optimistic about the sector's long-term prospects. "We do think that underlying fundamentals are actually very, very strong within this sector," he tells Yahoo Finance. "What we call bad game outcomes or the favorites winning, which is what we're seeing here, this is just part of the online gaming ecosystem. This is what investors have to learn to trade around." Watch the video above to hear what Bender says about Vegas gambling operators Caesars Entertainment (CZR) and MGM (MGM). To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

Yahoo Finance Video 3 months ago

FLUT

CZR

PENN
Penn Entertainment price target lowered to $19 from $20 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Penn Entertainment (PENN) to $19 from $20 and keeps an Equal Weight rating on the shares. Overall, Q3 brick and mortar trends were “sluggish,” but digital has been “robust,” says the analyst, who raised the firm’s online sports betting market size estimate but lowers flow-through estimates in conjunction with a Q3 preview for the casino gaming group. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial n

TipRanks 4 months ago

PENN
Bet On It: Diamond Sports and FanDuel reach naming rights agreement

Welcome to the latest edition of “Bet On It,” where The Fly looks at news and activity in the sports betting and iGaming space. SECTOR NEWS: Diamond Sports Group and FanDuel (FLUT) announced an agreement on a broad, long-term commercial partnership, including: exclusive right to name Diamond’s 16 regional sports networks and Diamond’s digital offerings, including the direct to consumer product, as FanDuel Sports Network; linear and digital media placement and integration opportunities across all

TipRanks 4 months ago

RSI

BALY

LVS
The past three years for PENN Entertainment (NASDAQ:PENN) investors has not been profitable

As every investor would know, not every swing hits the sweet spot. But you want to avoid the really big losses like the...

Simply Wall St. 4 months ago

PENN

Performance Overview

Return	PN1.SG	S&P 500
YTD	+11.89%	+2.11%
1-Year	+27.38%	+18.02%
3-Year	-49.94%	+40.03%

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PENN Entertainment Inc (PN1.SG)

Bullish PENN Entertainment Insiders Loaded Up On US$2.92m Of Stock

FanDuel, DraftKings to be the sports betting leaders this Super Bowl

PENN Entertainment Confirms Receipt of Director Nominations

Major Penn Entertainment Shareholder Launches Proxy Fight

HG Vora Capital Management Nominates Three Highly Qualified Independent Director Candidates to PENN Entertainment Board

America Has Fallen in Love With Long-Shot Sports Bets

PENN Entertainment to Report Fourth Quarter Results and Host Conference Call and Webcast on February 27

PENN Entertainment Launches ESPN BET in Washington, D.C.

ESPN BET Now Live in Washington, D.C.

PENN Entertainment Launches New Hollywood Casino App in Pennsylvania

PENN Entertainment Announces Partnership with Monumental Sports & Entertainment for Market Access in Washington, D.C.

What this sports betting mistake could cost you

Costco, Penn Entertainment, Norwegian Cruise Line: Trending tickers

In-play sports betting to hit $14B by decade's end: Analyst

PENN Entertainment Third Quarter 2024 Earnings: EPS Beats Expectations

PENN Entertainment Reports Third Quarter Results

DraftKings, FanDuel brace for Q3 results amid tough NFL season

Penn Entertainment price target lowered to $19 from $20 at Morgan Stanley

Bet On It: Diamond Sports and FanDuel reach naming rights agreement

The past three years for PENN Entertainment (NASDAQ:PENN) investors has not been profitable

Performance Overview