Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through four segments: Northeast, South, West, and Midwest. The company operates live sports betting properties in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, Nevada, Pennsylvania, and West Virginia; Barstool Sports, an online sports betting app in Pennsylvania; and online social casino, bingo, and online casinos under the iGaming name in Pennsylvania and Michigan. It also owns and operates horse racetracks in West Virginia, Pennsylvania, New Mexico, and Ohio; and harness racetracks in Maine, Ohio, Pennsylvania, and Massachusetts. As of December 31, 2020, the company owned, managed, or had ownership interests in 41 gaming and racing properties in 19 states. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Hollywood Poker, L'Auberge, M Resort, and MYCHOICE. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
IPO Year: 1994
Exchange: NASDAQ
Website: pngaming.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/13/2024 | $27.00 | Neutral → Overweight | Analyst |
11/13/2024 | $22.00 | Neutral | BofA Securities |
6/25/2024 | Outperform → Mkt Perform | Raymond James | |
6/21/2024 | $30.00 | Hold → Buy | Craig Hallum |
5/21/2024 | $20.00 | Outperform | Raymond James |
5/13/2024 | $28.00 → $17.50 | Buy → Neutral | BofA Securities |
4/23/2024 | $23.00 | Hold → Buy | Truist |
4/16/2024 | Hold | The Benchmark Company | |
3/26/2024 | $29.00 | Buy | Mizuho |
11/20/2023 | $27.00 → $30.00 | Neutral → Buy | BofA Securities |
Analyst upgraded PENN Entertainment from Neutral to Overweight and set a new price target of $27.00
BofA Securities resumed coverage of PENN Entertainment with a rating of Neutral and set a new price target of $22.00
Raymond James downgraded PENN Entertainment from Outperform to Mkt Perform
Craig Hallum upgraded PENN Entertainment from Hold to Buy and set a new price target of $30.00
Raymond James initiated coverage of PENN Entertainment with a rating of Outperform and set a new price target of $20.00
BofA Securities downgraded PENN Entertainment from Buy to Neutral and set a new price target of $17.50 from $28.00 previously
Truist upgraded PENN Entertainment from Hold to Buy and set a new price target of $23.00
The Benchmark Company initiated coverage of PENN Entertainment with a rating of Hold
Mizuho initiated coverage of PENN Entertainment with a rating of Buy and set a new price target of $29.00
BofA Securities upgraded PENN Entertainment from Neutral to Buy and set a new price target of $30.00 from $27.00 previously
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports & Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mysti
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) is pleased to announce the launch of its stand-alone Hollywood Casino app in Pennsylvania. Built on PENN's proprietary technology platform, Hollywood Casino offers more than 700 iCasino games, a variety of daily promotions, and exciting jackpots. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241218045402/en/PENN Entertainment launches new Hollywood Casino app in Pennsylvania (Graphic: Business Wire) Available on Android, iOS and desktop, customers in the Keystone State can access Hollywood Casino through either the ESPN BET app or through the new Hollywood Casino
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
Fans can now track live, upcoming, and settled bets via the ESPN app and ESPN.com PENN Entertainment and ESPN announced today that account linking between ESPN BET and ESPN is now available for customers, creating an even more deeply integrated media and betting experience. By linking accounts, fans now have the ability to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101932838/en/(Graphic: Business Wire) With this product enhancement, ESPN BET will soon bring fans more personalized bets and timely promotions based on their favorite sports,
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended September 30, 2024. Financial Highlights Three Months Ended September 30,(in millions, except per share data) 2024 2023Total Revenue $385.3 $359.6Income from Operations $271.4 $268.3Net Income $190.1 $189.3FFO (1) (4) $250.6 $254.4AFFO (2) (4) $268.2 $251.2Adjusted EBITDA (3) (4) $346.4 $327.1Net income, per diluted common share and OP units (4) $0.67 $0.70FFO, per diluted common share and OP units (4) $0.89 $0.94AFFO, per diluted common share and OP units (4) $0.95 $0.92 ________________
PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 third quarter financial results at 7:00 a.m. ET on Thursday, November 7, 2024, 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. The conference call number is 646-307-1865; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call at www.pennentertainment.com; allow 15 minutes to register, download, and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be access
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and six months ended June 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our retail properties delivered solid results this quarter as our best-in-class team of operators continues to execute across our diverse portfolio of market leading assets. In our Interactive segment, top-of-funnel growth, improved risk and trading execution, and refined promotional strategies contributed to better-than-expected revenue and Adjusted EBITDA results. Healthy Retail Business Property level highlights1: Revenues of $1.4 billion; Adjusted EBITDAR of $496.6 millio
WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended June 30, 2024. Financial Highlights Three Months Ended June 30,(in millions, except per share data) 2024 2023Total Revenue $380.6 $356.6Income from Operations $293.4 $238.3Net Income $214.4 $160.1FFO(1) (4) $279.2 $225.4AFFO(2) (4) $264.4 $250.4Adjusted EBITDA(3) (4) $340.4 $325.5Net income, per diluted common share and OP units(4) $0.77 $0.59FFO, per diluted common share and OP units(4) $1.00 $0.83AFFO, per diluted common share and OP units(4) $0.94 $0.92 ________________________________
PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 second quarter financial results at 7:00 a.m. ET on Thursday, August 8, 2024 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. The conference call number is 203-518-9765; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call at www.pennentertainment.com; allow 15 minutes to register, download, and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be accesse
PENN Entertainment is expanding its partnership with Ticketmaster to enhance PENN Play™, its industry-leading customer loyalty offering. Members can now connect their PENN Play Member Rewards and Ticketmaster accounts to use PENN Cash for tickets to concerts, sporting events and shows, providing a new convenient payment option. PENN Entertainment Inc. ("PENN") (NASDAQ:PENN) today announced that it has expanded its partnership with Ticketmaster to offer exciting new benefits for its more than 30 million loyalty members. Starting today, PENN Play members can redeem rewards for tickets to live events through Ticketmaster. Additionally, PENN will have on-site activations at five amphithe
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
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10-Q - PENN Entertainment, Inc. (0000921738) (Filer)
8-K - PENN Entertainment, Inc. (0000921738) (Filer)
ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports & Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mysti
PENN Entertainment is expanding its partnership with Ticketmaster to enhance PENN Play™, its industry-leading customer loyalty offering. Members can now connect their PENN Play Member Rewards and Ticketmaster accounts to use PENN Cash for tickets to concerts, sporting events and shows, providing a new convenient payment option. PENN Entertainment Inc. ("PENN") (NASDAQ:PENN) today announced that it has expanded its partnership with Ticketmaster to offer exciting new benefits for its more than 30 million loyalty members. Starting today, PENN Play members can redeem rewards for tickets to live events through Ticketmaster. Additionally, PENN will have on-site activations at five amphithe
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
PENN Entertainment, Inc. (NASDAQ:PENN) ("PENN" or the "Company") announced today that Aaron LaBerge has been named Chief Technology Officer ("CTO") effective July 1, 2024, subject to customary regulatory approvals. Mr. LaBerge will report directly to PENN CEO & President Jay Snowden. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422272916/en/Aaron LaBerge - Chief Technology Officer, PENN Entertainment (Photo: Business Wire) In his new role, Mr. LaBerge will be responsible for driving the technology strategy and execution for PENN, while leading the multinational team of technologists and serving as the key business leader fo
theScore Founding Leaders to Step Down from PENN Interactive Following the Successful Rollout of ESPN BET and theScore Bet, and In-House Technology Migration PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) announced today that the founding family behind theScore -- John Levy, Benjie Levy, Aubrey Levy and Noah Levy – will be stepping down from their roles at PENN Interactive, with John departing in mid-February and with Benjie, Aubrey and Noah departing in April 2024. In conjunction with this planned leadership transition, the Company is in the final stages of its search for a new Head of Interactive. "This transition plan comes at a natural inflection point, with the mi
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended September 30, 2024. Financial Highlights Three Months Ended September 30,(in millions, except per share data) 2024 2023Total Revenue $385.3 $359.6Income from Operations $271.4 $268.3Net Income $190.1 $189.3FFO (1) (4) $250.6 $254.4AFFO (2) (4) $268.2 $251.2Adjusted EBITDA (3) (4) $346.4 $327.1Net income, per diluted common share and OP units (4) $0.67 $0.70FFO, per diluted common share and OP units (4) $0.89 $0.94AFFO, per diluted common share and OP units (4) $0.95 $0.92 ________________
PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 third quarter financial results at 7:00 a.m. ET on Thursday, November 7, 2024, 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. The conference call number is 646-307-1865; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call at www.pennentertainment.com; allow 15 minutes to register, download, and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be access
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and six months ended June 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our retail properties delivered solid results this quarter as our best-in-class team of operators continues to execute across our diverse portfolio of market leading assets. In our Interactive segment, top-of-funnel growth, improved risk and trading execution, and refined promotional strategies contributed to better-than-expected revenue and Adjusted EBITDA results. Healthy Retail Business Property level highlights1: Revenues of $1.4 billion; Adjusted EBITDAR of $496.6 millio
WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended June 30, 2024. Financial Highlights Three Months Ended June 30,(in millions, except per share data) 2024 2023Total Revenue $380.6 $356.6Income from Operations $293.4 $238.3Net Income $214.4 $160.1FFO(1) (4) $279.2 $225.4AFFO(2) (4) $264.4 $250.4Adjusted EBITDA(3) (4) $340.4 $325.5Net income, per diluted common share and OP units(4) $0.77 $0.59FFO, per diluted common share and OP units(4) $1.00 $0.83AFFO, per diluted common share and OP units(4) $0.94 $0.92 ________________________________
PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 second quarter financial results at 7:00 a.m. ET on Thursday, August 8, 2024 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. The conference call number is 203-518-9765; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call at www.pennentertainment.com; allow 15 minutes to register, download, and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be accesse
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three months ended March 31, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our property level performance showed resilience this quarter, with stable trends continuing into April following portfolio-wide severe weather through mid-February. Meanwhile, ESPN BET continues to drive strong top of funnel demand due to the reach and affinity for the ESPN brand, which led to record online sports betting handle and iCasino gross gaming revenue in the quarter. However, Interactive segment results were negatively impacted primarily by unfavorable hold from major sporting even
WYOMISSING, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended March 31, 2024. Financial Highlights Three Months Ended March 31,(in millions, except per share data) 2024 2023 Total Revenue $376.0 $355.2 Income from Operations $257.6 $266.8 Net Income $179.5 $188.7 FFO (1) (4) $244.4 $253.8 AFFO (2) (4) $258.6 $248.6 Adjusted EBITDA (3) (4) $333.4 $323.1 Net income, per diluted common share and OP units (4) $0.64 $0.70 FFO, per diluted common share and OP units (4) $0.87 $0.94 AFFO, per diluted common share and OP units (4) $0.92 $0.92 ____________________
PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 first quarter financial results at 7:00 a.m. ET on Thursday, May 2, 2024 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. The conference call number is 203-518-9843; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call at www.pennentertainment.com; allow 15 minutes to register, download, and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be accessed fo
WYOMISSING, Pa., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced record results for the fourth quarter and year-ended December 31, 2023. Financial Highlights Three Months Ended December 31,Year Ended December 31, (in millions, except per share data) 2023 Actual 2022 Actual 2023 Actual 2022 Actual Total Revenue $369.0 $336.4$1,440.4 $1,311.7 Income From Operations $295.3 $275.5$1,068.7 $1,029.9 Net income $217.3 $199.6$755.4 $703.3 FFO (1) (4) $282.2 $258.8$1,015.8 $887.3 AFFO (2) (4) $256.6 $239.1$1,006.8 $924.4 Adjusted EBITDA (3) (4) $331.4 $312.0$1,307.1 $1,221.7 Net income, per diluted common share and OP