|Bid||25.65 x 1300|
|Ask||25.70 x 800|
|Day's Range||24.99 - 25.68|
|52 Week Range||23.16 - 39.35|
|Beta (5Y Monthly)||2.22|
|PE Ratio (TTM)||6.16|
|Earnings Date||Aug 02, 2023 - Aug 07, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.38|
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Key Insights The projected fair value for PENN Entertainment is US$19.79 based on 2 Stage Free Cash Flow to Equity PENN...
NEW YORK, May 18, 2023 (GLOBE NEWSWIRE) -- Tillman Digital Cities (TDC), a leading developer, owner, and operator of in-building connectivity infrastructure and solutions in the United States, today announced a partnership with Penn Entertainment, Inc. (Nasdaq: PENN) to improve in-building LTE and 5G cellular coverage and capacity within Penn Entertainment casinos, hotels, and gaming properties. The partnership extends nationally with Penn Entertainment. TDC’s solution leverages the SOLiD ALLIAN
WYOMISSING, Pa., May 04, 2023--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) today reported financial results for the three months ended March 31, 2023.
Key Insights Given the large stake in the stock by institutions, PENN Entertainment's stock price might be vulnerable...
With the labor market expanding and inflation receding, it’s time to identify breakout growth stocks with significant potential. As the U.S. economy continues to defy the odds with its resiliency, it’s arguably an ideal time for investors to seek the best breakout stocks for an explosive rally ahead. The recent jobs report indicates the economy is far from collapsing, and the stock market is growing in confidence as the banking sector stabilizes. The Federal Reserve adopts a more dovish stance.I
WYOMISSING, Pa., April 27, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended March 31, 2023. Financial Highlights Three Months Ended March 31,(in millions, except per share data) 2023 2022Total Revenue $355.2 $315.0 Income from Operations $266.8 $199.8 Net Income $188.7 $121.7 FFO(1) (4) $253.8 $180.3 AFFO(2) (4) $248.6 $218.6 Adjusted EBITDA(3) (4) $323.1 $293.3 Net income, per diluted co
WYOMISSING, Pa., April 25, 2023--PENN Entertainment, Inc. (Nasdaq: PENN)("PENN" or the "Company), North America’s leading provider of integrated entertainment, sports content and casino gaming experiences, published today its 2022 Corporate Social Responsibility ("CSR") report. The full report is available on the corporate responsibility page of the Company’s website.
WYOMISSING, Pa., April 24, 2023--PENN Entertainment Inc., (Nasdaq: PENN) ("PENN" or the "Company") today unveiled an enhanced customer loyalty program, PENN Play™, replacing its mychoice® branded program. The new program greatly expands the ways PENN’s 26 million loyalty members can earn and redeem rewards across the company’s portfolio of entertainment brands. PENN Play assets for media use are available to download here.
Dividend stocks are a very beneficial foundation for an investment portfolio. First, they offer a return that is not directly tied to a company’s share price, which can help investors through downturns in the market. Dividend payments may be taxed at a more favorable rate. Finally, investors can take advantage of compound interest by reinvesting dividend payments. While dividends are significant for long-term investors, they can also be deceiving. By that, I mean that companies can create a fals
As more states legalizing sports betting, and revenge travel heats up, the tourism scene in various gambling locales should improve. From “Sin City” to online gambling stocks, there are plenty of options for growth investors looking to get in on the action, by betting on the house. One of the most prominent trends underpinning the recent gambling boom is the surge in sports betting mania. As of March 2023, 33 states have legalized sports betting. Additionally, around 68 million Americans, or 20%
WYOMISSING, Pa., April 04, 2023--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2023 first quarter financial results at 7:00 a.m. ET on Thursday, May 4, 2023 followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public.
In this article, we will take a look at the 17 best gambling stocks to buy now. To see more such companies, go directly to 5 Best Gambling Stocks To Buy Now. With March Madness behind us, now is the time to take a look at the sports betting and gambling industry to gauge the […]
BetMGM (MGM) is set to benefit from the live sports boom in Las Vegas. The digital arm of the casino operator MGM International is often used as a way to funnel online sports gamblers into MGM’s brick and mortar via what the company calls its “omnichannel” approach. Las Vegas is set to host part of the NCAA’s March Madness tournaments in two weeks, and gambling executives think it could make for the most lucrative month ever on the strip. But while Greenblatt is excited for this year's tournament he believes next year's Super Bowl could be an even bigger moment for vegas gambling operators. The Super Bowl is viewed in the industry as the single biggest acquisition moment for sports gambling companies. Having that large of an event in an area where sports gambling laws are looser than other states, would benefit sportsbooks to a level not seen since the legal ban was lifted in 2018. In the video above, Greenblatt sits down with Yahoo Finance's Dave Briggs and Josh Schafer to discuss the opportunity BetMGM sees in the space over the next year. Key video takeaways: 0:10 - Growth expected in 2024 1:00 Expectations for March Madness in 2023
Baron Funds, an investment management company, released its “Baron Focused Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund (Institutional Shares) decreased by 4.52%, compared to a 4.72% rise for the Russell 2500 Growth Index and a 7.56% increase for the S&P 500 […]
In today’s market, investors have plenty of options when it comes to high-yield stocks. However, it is best to be selective and focus on the best high-yield dividend stocks. Sure, you could go out and buy a basket of stocks offering double-digit dividend yields, but this may not necessarily produce market-beating returns. Losses from dividend traps could outweigh payouts received from a high-yield portfolio. In contrast, a focus on quality can produce strong returns, in two ways. First of course
MOUNTAIN VIEW, Calif., February 28, 2023--M Resort Spa Casino deploys Knightscope K5 security robot. Entertainment and Gaming industries use innovation to improve workforce and visitor safety.
Even though the Super Bowl is over, sports betting stocks still have plenty of upside. Viewers were bombarded with several sports betting promotions during this year’s Super Bowl. That was expected, given that the sports betting industry has seen significant expansion in recent years, reaching $83.65 billion in 2022. With this market forecasted to grow at a compounded annual growth rate of 10.3% through 2030, stocks in the sector have room to move much higher. The legalization of sports betting
DraftKings (DKNG) stock rose more than 15% on Friday after the company reported its fourth quarter results. Wall Street has closely watched the sportsbook operator's path to profitability for years and on Friday DraftKings announced its increased focus on cost-cutting will cause the company to lose less money in 2023 than initially anticipated. All of this coming while the company continues to report record revenue amid increased gambling legalization. "Our revenue was better than our prior guidance, primarily because of structural improvement in our Sportsbook hold and fundamentally better customer trends than we expected,"DraftKings CFO Jason Park told investors on Friday. "Customers are engaging more with our products and are less relying on promotions." DraftKings positive results didn't have much impact on the sector as a whole as MGM Resorts International (MGM), Penn Entertainment (PENN), Caesars Entertainment (CZR) and Wynn Resorts (WYNN) had muted stock reactions on Friday. Yahoo Finance's Seana Smith and Dave Briggs discuss from DraftKings' fourth quarter earnings call. Key Video takeaways: 0:15 DraftKings key numbers 0:25 Hear from DraftKings CFO Jason Park 1:00 Where DraftKings sits in the growth cycle 1:20 Wall Street's reactions to DraftKings results 2:00 How DraftKings compares to competitors
PENN Entertainment Inc (NASDAQ: PENN) has completed its previously announced acquisition of Barstool Sports Inc. The company had previously acquired a 36% stake in Barstool Sports in February 2020, with a path to establish full control and ownership. PENN has acquired the remaining interest in Barstool Sports for approximately $388 million. Founded in 2003 as a free sports and gambling newspaper by Dave Portnoy, Barstool has evolved into a digital player in sports, lifestyle, and entertainment.
Penn Entertainment has secured the remaining interest in Barstool Sports for $388 million. The Wyomissing-based casino operator announced the deal's close on Friday, bringing the total cost of the Barstool acquisition to $551 million three years after it bought an initial 36% stake in the sports media company for $163 million in cash and stock. Shares in Penn Entertainment (NASDAQ: PENN) were trading down slightly at $31.94 early Friday afternoon.
WYOMISSING, Pa. & NEW YORK, February 17, 2023--PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the "Company") today completed its previously announced acquisition of Barstool Sports, Inc. ("Barstool Sports" or "Barstool") after previously acquiring a 36% stake of Barstool Sports in February 2020. PENN has acquired the remaining interest in Barstool Sports for approximately $388 million.
Citizens Capital Markets Head of Gaming & Leisure Investment Banking Christopher Lynch joins Yahoo Finance Live to discuss U.S. sports betting following Sunday night’s Super Bowl LVII, betting trends, customer acquisitions, and the outlook for sports betting.
An industry that’s been known for who is giving away the most free money to attract new customers is suddenly focused on how to make the most out of customers they already have.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Yahoo Finance Live anchors discuss Penn Entertainment earnings and what it says about sports betting adoption.