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Business
May 16, 2025
PENN Entertainment Fights Back Against Activist Investor Criticism
PENN Entertainment has launched a counterattack to challenge HG Vora Capital Management’s disapproval, standing up for its future plans and choices about how the company is run in a thorough message to its stockholders. This public statement follows just a day after HG Vora submitted its own proxy document to question PENN’s current path. PENN […]
Business
May 8, 2025
PENN Entertainment Shows Resilience in Q1 Report
American casino giant PENN Entertainment has published its financials for the first quarter of the year, reporting an increase in revenue. The company’s adjusted EBITDAR was likewise stronger despite certain headwinds in January and February. The Company’s Financials Were Mostly Favorable Despite Earlier Setbacks The company’s total revenue for the period increased by 4.1% year-on-year […]
Legal
May 7, 2025
HG Vora Sues PENN for Reducing Board Election Seats
HG Vora Capital Management, one of PENN Entertainment’s activist investors, has accused the latter company of violating the law by reducing the board seats for election at its upcoming shareholder meeting. HG Vora now seeks an injunction that would make PENN’s recent Board Reduction Scheme invalid. HG Vora Says PENN Violated PA Business Laws PENN […]
Casino
May 6, 2025
Everi Holdings’ CashClub Wallet Now Available at Penn’s M Resort Spa Casino
PENN Entertainment has become the latest company to adopt the CashClub Wallet technology by Everi Holdings this Monday, after the company implemented the solution at its M Resort Spa Casino in Henderson, Nevada. PENN and Everi Holdings Double Down on Frictionless Payments This marks a broader trend in the land-based sector whereby companies that offer […]
Sports
May 1, 2025
PENN Not Happy With Sports Betting Performance, Ready to Improve
PENN Entertainment has been operating in challenging conditions with the sports betting segment continuing to underwhelm and tension from shareholders rising – can the company really turn its performance in a segment that is dominated by a quasi-duopoly between FanDuel and DraftKings, with a third wheel in the face of BetMGM? PENN Acknowledges Difficulties But […]
Business
April 28, 2025
PENN Entertainment Shakes Up Board with Fresh Nominees
PENN Entertainment announced big changes to its Board of Directors after talks with HG Vora Capital Management, a key shareholder that has criticized the company’s recent strategy. As part of this update, Johnny Hartnett and Carlos Ruisanchez will run for election at the 2025 Annual Meeting of Shareholders. PENN Responds to HG Vora Criticism with […]
Industry
April 16, 2025
Penn Bolsters ESPN and ESPN BET Synergies with Mint Club
Penn Entertainment has unveiled a new initiative that seeks to create further synergies between the ESPN app and the ESPN BET sportsbook. According to the announcement, the company has revealed the ESPN BET Mint Club, a new community feature that will further personalize and enhance the experience for sports bettors. Penn Introduces ESPN BET Mint […]
Business
April 14, 2025
Penn Entertainment Doubles Down on Product with New CPO Hire
Penn Entertainment has picked a former FanDuel veteran to lead its product division, with Billy Turchin stepping in as the company’s new CPO. This will allow the company to spearhead its efforts in bringing around a more worthwhile end product to players across its brands, to name ESPN Bet, Hollywood Casino, and theScore. Penn Entertainment […]
Sports
March 3, 2025
ESPN Bet’s Future in Doubt as Penn Faces Mounting Pressure
Penn Entertainment’s (NASDAQ: PENN) ESPN Bet division could face an uncertain future next year if it fails to gain significant traction before the close of 2026. The sports betting venture, launched in partnership with ESPN, has struggled to establish itself as a serious contender in the highly competitive online gaming market. While Penn’s other gambling […]
Industry
February 21, 2025
Fake Online Casino Ad Uses Plainridge Park Name
Massachusetts was among the states that launched online sports betting in 2023. While betting online is available, online casino gambling is still illegal in the state. Still, this doesn’t stop unlicensed operators from offering their services and trying to engage with customers via social media ads by pretending to be affiliated with known brick-and-mortar casinos. […]
