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The Latest in penn entertainment
Business
April 16, 2024
ESPN Bet’s Underperformance Causes Analyst to Lower Penn’s Price Target
In a recent development impacting the stock market, Penn Entertainment saw a downgrade in its price target by Deutsche Bank analyst Carlo Santarelli. The analyst revised the target down to $19 per share from the previous $22, maintaining a “Neutral” rating. This alteration came in the wake of a turbulent trading day where Penn Entertainment’s […]
Business
March 15, 2024
Penn Entertainment’s CEO Celebrates the Success of ESPN BET
In mid-November, ESPN BET, the newest sportsbook at the time that is the result of a transformation of Barstool Sportsbook, officially launched in 17 US states. The launch came after an agreement between ESPN and Penn Entertainment that paved the way for the new exclusive sportsbook that promised exceptional betting experiences. The entry of ESPN […]
Business
February 19, 2024
Kambi Extends Platform Deal with PENN through December 2025
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has extended its retail sportsbook platform deal with PENN Entertainment. As a result, Kambi will continue to supply its partner’s land-based casinos with its sports betting suite. Under the terms of the original partnership deal, Kambi was set […]
Business
February 15, 2024
PENN Posts Mixed Q4 Results, Highlights Corporate Responsibility Progress
PENN Entertainment has published its Q4 results, providing an insight into how its business fared during the last three months of 2023. Despite certain setbacks, the period saw PENN deliver growth, driven by operational excellence and strong customer demand. In Q4, the company’s revenues reached $1.39 billion. While this figure is lower than the one […]
Industry
February 14, 2024
PENN Secures New York Sports Betting Licenses in Deal with Wynn Interactive
Penn Entertainment has set its sights on the lucrative New York market with a recent strategic move. The company announced a significant agreement with Wynn Interactive Holdings, marking a pivotal step towards acquiring mobile sports wagering licenses for New York market access. PENN’s $25 Million Deal Secures Key Licenses for ESPN BET Launch in New […]
Business
February 1, 2024
Levy Brothers Leave Penn Entertainment Amidst Strategic Restructuring
In a strategic leadership transition, the founding family behind theScore will step down from their roles at PENN Interactive, a subsidiary of PENN Entertainment, Inc. The operator retains its focus on consolidating its offerings following the successful launches of ESPN Bet and theScore Bet and should be well-positioned to pursue further growth in 2024. The […]
Industry
January 1, 2024
HG Vora Capital Management Bets Hard on Penn Entertainment
Penn Entertainment saw the company’s share rise by as much as 7% last week, as news transpired that HG Vora Capital Management, a hedge fund, had bought enough shares to push its total stake in the gaming and entertainment company to 18.5% of the total stock. HG Vora Capital Management Determined to Appoint Right Candidates […]
Casino
December 12, 2023
Penn Entertainment Begins M Resort Expansion with Groundbreaking
The move comes after Penn Entertainment confirmed its plans to put down an additional $850 million on various expansion moves, which will not only apply to the M Resort, but also cover other of the company’s properties outside Nevada. Penn Entertainment Gets Started with M Resort Expansion As to M Resort, Penn has earmarked $206 […]
Sports
November 30, 2023
NHL Selects PENN’s ESPN BET and theScore Bet Brands as Official Sports Betting Partners
PENN Entertainment unveiled a major new partnership deal with the National Hockey League (NHL). Under the deal, PENN’s ESPN BET brand in the United States and theScore Bet brand in Ontario will serve as official sports betting partners of the league. As the NHL’s official partners, ESPN BET and theScore Bet will receive access to […]
Casino
November 27, 2023
PENN Entertainment to Celebrate Construction of New Columbus Hotel
PENN Entertainment announced its plans to hold a “groundbreaking ceremony” that will celebrate the start of the construction of a new hotel at Hollywood Casino Columbus. The ceremony is set to take place tomorrow, November 28. Starting at 1 am ET, the ceremony will highlight PENN Entertainment’s excitement about the construction of the state-of-the-art property. […]