Business
February 3, 2023
Penn Entertainment Q4 Revenue Remains Stable despite Negative Factors
The company’s revenue for the quarter reached $1.59 billion, a modest 0.8% year-on-year increase. However, several notable metrics, like earnings per share, fell short of Wall Street’s estimates, while rising interest rates negatively impacted expenses. Despite the stagnating results, Penn Entertainment’s management remained optimistic for 2023, relying on its expansion efforts and strong momentum. Management […]
Industry
February 3, 2023
PENN Interactive Acquires RGC Accreditation
PENN Entertainment has announced this as a major milestone for the two platforms. PENN Interactive, a subsidiary of PENN Entertainment, took the initiative to undergo the accreditation process and made history by becoming the first US operator to earn this recognition. The Accreditation Shows PENN’s Commitment to Responsible Gaming The RG Check accreditation is widely […]
Industry
January 5, 2023
Penn’s Barstool Sportsbook Conditionally Approved in Massachusetts
Barstool Sportsbook became the latest sportsbook to receive approval from the Massachusetts Gaming Commission (MGC) for mobile sports betting operations for the upcoming mobile market launch in March. Mobile Sports Betting License Received Penn Sports Interactive (PSI)’s Barstool Sportsbook received conditional preliminary approval for a temporary sports betting license this week after commissioners carried the […]
Casino
December 23, 2022
Two Hollywood Casinos in Ohio Budge to Workers’ Demands
A historical deal was struck between the owners of Hollywood Casino Toledo and Hollywood Casino Columbus in Ohio and two trade unions Thursday, preventing casino employees from going on an immediate strike. New Four-Year Retroactive Agreement Penn Entertainment Inc. and representatives of the International Steelworkers and the United Auto Workers union reached a four-year agreement […]
Legal
December 19, 2022
Ohio May Seek to Fine Penn’s Barstool over “Betting Promo” Blooper
One of those is Barstool Sports, the sportsbook alter ego of Penn Entertainment, which could be slapped with a $250,000 fine by the Ohio Casino Control Commission. According to the regulator, Barstool Sports may have already violated state laws with regard to sports wagering. Ohio Gambling Regulator to Look into Penn’s Barstool Betting Blooper The […]
Casino
December 8, 2022
Penn’s Massachusetts License Uncertain Due to Responsible Gaming Concerns
Penn Entertainment, the newest owner of Barstool sportsbook, encountered difficulties during the license application process for its Plainridge Park Casino venue in Massachusetts. The state’s gambling commission conducted a thorough investigation sparked by a series of controversies connected to the operator. While the group was supposed to reach a consensus during its latest meeting, members […]
Business
November 30, 2022
Penn Entertainment Adds More HBCUs to Its Scholarship Program
Penn Entertainment announced on Tuesday the expansion of its Science, Technology, Engineering, and Mathematics (STEM) Scholarship Program which will include three Historically Black Colleges and Universities, to wit the Jackson State University in Mississippi, Prairie View A&M University in Texas, and Southern University and A&M College in Louisiana. More Educational Institutions Join Penn’s Initiative This […]
Business
November 23, 2022
PENN Entertainment’s Barstool Sportsbook Goes Live in Maryland
November 23 marks the launch of the mobile betting market in Maryland. Just in time for the launch of the market, PENN Entertainment announced that its online sports betting product, Barstool Sportsbook launched for customers in the state. Barstool Sportsbook Introduces Exclusive Promotions The new launch further expands Barstool Sportsbook’s reach and delivers exclusive promotions […]
Business
November 3, 2022
Penn Entertainment Posts Strong Q3 Results
After announcing its Q2 2022 revenue went up 5.2% in Q2 2022 to $1.63 billion in Q2 2022 compared to $1.55 billion, Penn Entertainment has published its Q3 results. The report highlights $1.6 billion in revenue, signaling an 8% year-on-year increase compared to the same quarter in 2021. The company also recorded a net income […]
Industry
August 18, 2022
Penn to Acquire the Remainder of Barstool Sports
Penn National Gaming, now rebranded as Penn Entertainment, announced its intentions to buy out the remainder of Barstool Sports, one of its longtime partners. The former company already owns a significant part of Barstool Sports and is now looking to finalize the acquisition. Penn to Acquire Barstool Sports Penn Entertainment has been working together with […]
