23.59 0.00 (0.00%)
After hours: 4:27PM EST
|Bid||20.25 x 800|
|Ask||30.50 x 800|
|Day's Range||23.39 - 24.06|
|52 Week Range||17.30 - 36.90|
|Beta (3Y Monthly)||2.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.55|
The Department of Justice (DOJ) has called for all forms of internet gambling to be made illegal. On Monday, an opinion from the DOJ’s Office of Legal Counsel was made public. In it, regulators reversed a 2011 ruling from Barack Obama’s administration that prohibited only certain types of gambling in the U.S., including sports betting.
# Penn National Gaming Inc ### NASDAQ/NGS:PENN View full report here! ## Summary * Bearish sentiment is moderate * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for PENN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $3.75 billion over the last one-month into ETFs that hold PENN are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
We expect the turnaround in Macau and improved non-gaming revenues, coupled with expansion in the domestic market, to aid Wynn Resorts (WYNN).
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that its Board of Directors approved a new $200 million share repurchase program. The new two-year authorization (which will expire on December 31, 2020) is incremental to the Company’s existing share repurchase program, which is set to expire in February of 2019. Repurchases by the Company will be subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors.
Gambling stocks with highest exposure in the Macau region surge after revenues surpass analyst expectations. MGM Resorts International (MGM) announces the "MGM 2020" plan.
Rutter’s announced today that it has chosen Marquee by Penn, LLC, an affiliate of Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National”), as its Terminal Operator for Video Gaming Terminals (“VGTs”) in Pennsylvania. Twenty Rutter’s establishments in the Commonwealth are expected to initially qualify to host VGTs.
Penn National (PENN) continues with acquisition strategies that help the company expand presence as well as improve revenue yields.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that it completed the purchase of the operations of Margaritaville Resort Casino in Bossier City, Louisiana (“Margaritaville”), for total consideration of $115 million. The transaction was financed with incremental borrowings under the Company’s revolving credit facility with the purchase price representing a multiple of approximately 5.0x expected trailing twelve months adjusted earnings before interest, taxes, depreciation, amortization, and management fee for the period ended December 31, 2018.
Tim Wilmott became the CEO of Penn National Gaming, Inc. (NASDAQ:PENN) in 2013. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After Read More...
BOSTON, Dec. 18, 2018 /PRNewswire/ -- DraftKings Inc. announced today that it has reached a licensing agreement with an affiliate of Penn National Gaming, Inc. (PENN), the operator of Hollywood Casino at Charles Town Races in West Virginia. The agreement allows sports fans in the Mountain State to access DraftKings Sportsbook, the leading mobile and online sports betting platform, pending regulatory approvals. "We are thrilled to work with Penn National Gaming to bring our online sportsbook product to West Virginia," said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth quarter, […]
Restoration Hardware, Penn National Gaming, American Eagle Outfitters, Costco Wholesale and Adobe highlighted as Zacks Bull and Bear of the Day
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors are keeping their optimism regarding the current bull run, while still hedging many of their long positions. However, as we know, […]
Inc. it accomplished not only its well-timed acquisition of peer regional gaming operator Pinnacle Entertainment Inc., it also announced the acquisition of other regional casino properties, making it the largest regional gaming operator in the U.S. Penn likely ended up with a savvy purchase of Pinnacle despite increasing competition in the regional gaming space. In addition to the Pinnacle acquisition, Penn has recently moved to purchase casinos in Michigan and Louisiana that will further expand Penn’s geographic diversification. Meanwhile, Penn’s expansion together with increasing capital expenditures has caused an increase in leverage.
Penn National Gaming (PENN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
New program to expand and enrich Penn National's player database, driving customer loyalty and increasing revenue through data-driven insights Innovative application and on-site credit card issuance capabilities ...
Penn National (PENN) is known for its acquisition strategies, which helps the company to expand its presence and improve revenue yields.
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.
rose nearly 8% Wednesday to close at $21.32 a share on news that the gambling company is buying Detroit's Greektown Casino-Hotel's operations for $300 million from Cleveland Cavaliers owner Dan Gilbert. Gilbert, who founded Detroit-based Quicken Loans and has long worked on redeveloping his native Detroit, also agreed to sell the casino property itself to real estate investment trust VICI Properties Inc. VICI's shares fell 0.1% to $21.44 on the news.
An investment arm of Quicken Loans founder and billionaire Dan Gilbert said on Wednesday it agreed to sell the Greektown Casino-Hotel in Detroit to a real estate investment trust and a partner for $1 billion, in a sign of industry consolidation. VICI Properties Inc, which owns Caesars Palace in Las Vegas and other gaming sites, will acquire the land and real estate assets of Greektown for about $700 million, said JACK Entertainment LLC, an affiliate of Athens Acquisition LLC, whose majority shareholder is Gilbert.