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Casino
November 7, 2025
No Disruptions: Penn Plans Smooth Shift from ESPN Bet to theScore
Penn Entertainment is preparing for a better streamlined transition on December 1, when the company will rebrand ESPN Bet to theScore Bet. According to the plan, users won’t have to download a new app, re-register, or go through any of the disruptions that hurt its last rebrand from Barstool. “Apples and Oranges” Speaking on Penn’s […]
Industry
November 6, 2025
ESPN Bet to Shut Down as Penn Ends $1.5B Partnership Deal
Penn Entertainment has announced its decision to withdraw from the 10-year, $1.5 billion collaboration with ESPN, effectively ending the ESPN Bet project, the joint sportsbook the two companies launched just over two years ago. The decision, announced on Thursday during Penn’s quarterly earnings call, concludes one of the most ambitious but ultimately unsuccessful experiments in […]
Casino
September 4, 2025
Penn Entertainment to Open New Tower at M Resort in December
Penn Entertainment announced that a new second tower at M Resort in Henderson, Nevada, will open on December 1 following a $206 million expansion. The 384-room addition will nearly double the resort’s total capacity to 765 rooms, and guests can also look forward to a new restaurant from a celebrity chef. Penn Entertainment Announces Date […]
Sports
August 21, 2025
Penn Entertainment Secures Major Deal with Chicago Bears
Penn Entertainment, a leading casino and hospitality company in the US, has unveiled a new multi-year partnership with the Chicago Bears, a professional football team. The agreement comes just in time for the new NFL season. A Multi-Faceted Agreement According to the announcement, Penn’s ESPN BET Sportsbook will become an official sports betting partner of […]
Business
August 7, 2025
Penn Entertainment Posts Strong Q2 Results as Interactive Segment Marks New Record
American gaming giant Penn Entertainment has published its financial report for the second quarter of the year, reporting an increase in revenue and EBITDA, as well as a significant narrowing of the company’s net loss. Penn’s Interactive Segment Reported Record-Breaking Figures In the second quarter of 2025, Penn Entertainment’s revenue reached almost $1.8 billion, marking […]
Sports
July 24, 2025
Penn Gets “Hold” Rating as Casinos Lag, ESPN Bet App in “Best Position”
Jefferies analyst David Katz, who recently called DraftKings’ binary events contracts policy “measured” and maintained a Buy recommendation for Light & Wonder’s stock in December 2024, is now maintaining a cautious Hold rating on Penn Entertainment’s stock. Slow Growth for Regional Casinos Katz has decided to stick to his original $20 price target despite shares […]
Legal
July 8, 2025
HG Vora Fast-Track Lawsuit Against Penn Denied by Judge
US District Judge Mary Wells of the Eastern District of Pennsylvania has rejected HG Vora Capital Management’s request to expedite its lawsuit against Penn Entertainment. Judge Denies HG Vora’s Request In the lawsuit, HG Vora Capital, which holds a significant stake in Penn Entertainment, claims the company restructured its board to prevent shareholder nominees from […]
Business
June 23, 2025
JPMorgan Bullish on Penn Entertainment’s Long-Term Trading Prospects
JPMorgan has shared an optimistic outlook for Penn Entertainment’s stock, expecting it to experience a significant recovery. The favorable forecast was largely due to Penn’s upcoming projects and market presence. JP Morgan Is Optimistic About the Company’s Trading Future JPMorgan’s coverage outlined a price target of $24.00 for Penn, expecting it to experience growth of […]
Business
June 18, 2025
PENN Shareholders Demand Course Correction amid Leadership Shakeup
Leading US gaming operator PENN Entertainment has experienced a milestone shift in corporate governance following a dramatic shareholder mobilization that has outlined growing concerns. In the recent election at the company’s 2025 Annual Meeting of Shareholders, the two director nominees, Johnny Hartnett and Carlos Ruisanchez, backed by the activist investor HG Vora Capital Management, secured […]
Sports
June 10, 2025
Glass Lewis Backs Penn Entertainment’s Board Picks Before Shareholder Vote
Glass Lewis, an independent proxy advisor, has told Penn Entertainment shareholders to vote for the company’s board nominees, Johnny Hartnett and Carlos Ruisanchez. Glass Lewis: Clifford Lacks Distinction, Penn’s Picks Offer Stronger Fit This advice comes before the upcoming annual meeting on June 17 as Penn faces an ongoing proxy fight with activist hedge fund […]