PENN Entertainment Inc.

$PENN
Hotels/Resorts
Consumer Discretionary

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

Peers

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Recent Analyst Ratings for PENN Entertainment Inc.

DatePrice TargetRatingAnalyst
12/13/2024$27.00Neutral → Overweight
Analyst
11/13/2024$22.00Neutral
BofA Securities
6/25/2024Outperform → Mkt Perform
Raymond James
6/21/2024$30.00Hold → Buy
Craig Hallum
5/21/2024$20.00Outperform
Raymond James
5/13/2024$28.00 → $17.50Buy → Neutral
BofA Securities
4/23/2024$23.00Hold → Buy
Truist
4/16/2024Hold
The Benchmark Company
3/26/2024$29.00Buy
Mizuho
11/20/2023$27.00 → $30.00Neutral → Buy
BofA Securities
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PENN Entertainment Inc. Press Releases

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  • PENN Entertainment, Inc. Reports Fourth Quarter Results

    Company to Repurchase at Least $350 Million of Shares in 2025 PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the quarter and year ended December 31, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's fourth quarter property-level operating results reflect solid performance, as properties not impacted by new supply generated nearly 3% year-over-year revenue growth. Despite well-known, customer friendly sports betting outcomes during the quarter, our Interactive segment delivered significant year-over-year improvements in revenue and Adjusted EBITDA driven by our disciplined promotional strategies and accelerated

    $GLPI
    $PENN
    $VICI
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Confirms Receipt of Director Nominations

    No Shareholder Action Required at This Time PENN Entertainment, Inc. (NASDAQ:PENN) ("PENN" or the "Company") today confirmed that its Board of Directors has received notice from HG Vora Capital Management, LLC that it has nominated three director candidates to stand for election to the Company's Board of Directors at PENN's 2025 Annual Meeting of Shareholders. PENN issued the following statement: The PENN Board and management team are committed to creating long-term value for all shareholders and will continue to take actions to achieve that objective. We regularly solicit feedback and engage with the investment community about our strategy, performance and business priorities. The Boar

    $PENN
    Hotels/Resorts
    Consumer Discretionary
  • HG Vora Capital Management Nominates Three Highly Qualified Independent Director Candidates to PENN Entertainment Board

    Significant Change Required to Restore Accountability and Proper Oversight to PENN's Board After Years of Poor Judgment, Failed Transactions, and Value Destructive Actions PENN Directors Have Wasted Billions on Online Sports Betting Investments Despite Zero Industry Expertise or Credibility Nominees Have Much Needed Expertise in Land Based and Online Gaming, Strong Track Records of Disciplined Capital Allocation, and History of Tremendous Value Creation Through Strategic Transactions NEW YORK, Jan. 29, 2025 /PRNewswire/ -- HG Vora Capital Management, LLC ("HG Vora"), a New York based investment firm with deep expertise in the gaming sector and a large shareholder of PENN Entertainment, Inc.

    $FUN
    $PENN
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Hotels/Resorts
  • PENN Entertainment to Report Fourth Quarter Results and Host Conference Call and Webcast on February 27

    PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 fourth quarter financial results at 7:00 a.m. ET on Thursday, February 27, 2025, 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 203-518-9783 (conference ID: PENN); 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

    $PENN
    Hotels/Resorts
    Consumer Discretionary
  • ESPN BET Now Live in Washington, D.C.

    PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) is pleased to announce that ESPN BET has launched in Washington, D.C. ESPN BET, the official sportsbook of ESPN, is now live in 20 U.S. jurisdictions. Fans in the District now have access to the state-of-the-art mobile and web betting platform, which offers a variety of markets across sports and leagues from around the world, along with daily odds boosts, profit boosts, featured parlays, live betting markets, custom offers, exclusive promotions and integrations with ESPN content and personalities. "We're thrilled to launch ESPN BET in our nation's capital and expand our presence across the Washington metropolitan area," sa

    $PENN
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Announces Partnership with Monumental Sports & Entertainment for Market Access in Washington, D.C.

    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
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Launches New Hollywood Casino App in Pennsylvania

    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
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Reports Third Quarter Results

    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

    $GLPI
    $PENN
    $VICI
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Discretionary
  • ESPN & ESPN BET Account Linking Now Available

    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,

    $PENN
    Hotels/Resorts
    Consumer Discretionary
  • Gaming and Leisure Properties Reports Record Third Quarter 2024 Results

    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        ________________

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    $BYD
    $CZR
    $GLPI
    Hotels/Resorts
    Consumer Discretionary
    Real Estate Investment Trusts
    Real Estate

PENN Entertainment Inc. Analyst Ratings

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PENN Entertainment Inc. Insider Purchases

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PENN Entertainment Inc. Insider Trading

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PENN Entertainment Inc. SEC Filings

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PENN Entertainment Inc. Leadership Updates

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  • PENN Entertainment Announces Partnership with Monumental Sports & Entertainment for Market Access in Washington, D.C.

    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
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Levels Up Loyalty Rewards for Millions of PENN Play™ Members with Ticketmaster

    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

    $LYV
    $PENN
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Hotels/Resorts
  • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    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

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  • PENN Entertainment Names Aaron LaBerge Chief Technology Officer

    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

    $PENN
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Announces Interactive Leadership Transition Scheduled for April 2024

    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
    Hotels/Resorts
    Consumer Discretionary

PENN Entertainment Inc. Financials

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  • PENN Entertainment, Inc. Reports Fourth Quarter Results

    Company to Repurchase at Least $350 Million of Shares in 2025 PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the quarter and year ended December 31, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's fourth quarter property-level operating results reflect solid performance, as properties not impacted by new supply generated nearly 3% year-over-year revenue growth. Despite well-known, customer friendly sports betting outcomes during the quarter, our Interactive segment delivered significant year-over-year improvements in revenue and Adjusted EBITDA driven by our disciplined promotional strategies and accelerated

    $GLPI
    $PENN
    $VICI
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment to Report Fourth Quarter Results and Host Conference Call and Webcast on February 27

    PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2024 fourth quarter financial results at 7:00 a.m. ET on Thursday, February 27, 2025, 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 203-518-9783 (conference ID: PENN); 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

    $PENN
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Reports Third Quarter Results

    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

    $GLPI
    $PENN
    $VICI
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Discretionary
  • Gaming and Leisure Properties Reports Record Third Quarter 2024 Results

    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        ________________

    $BALY
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    $GLPI
    Hotels/Resorts
    Consumer Discretionary
    Real Estate Investment Trusts
    Real Estate
  • PENN Entertainment to Report Third Quarter Results and Host Conference Call and Webcast on November 7

    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
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Reports Second Quarter Results

    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

    $GLPI
    $PENN
    $VICI
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Discretionary
  • Gaming and Leisure Properties Reports Record Second Quarter 2024 Results and Increases 2024 Full Year Guidance

    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        ________________________________

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    Hotels/Resorts
    Consumer Discretionary
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  • Penn Entertainment to Report Second Quarter Results and Host Conference Call and Webcast on August 8

    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
    Hotels/Resorts
    Consumer Discretionary
  • PENN Entertainment Reports First Quarter Results

    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

    $GLPI
    $PENN
    $VICI
    Real Estate Investment Trusts
    Real Estate
    Hotels/Resorts
    Consumer Discretionary
  • Gaming and Leisure Properties Reports First Quarter 2024 Results and Updates 2024 Full Year Guidance

    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  ____________________

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PENN Entertainment Inc. Large Ownership Changes

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