For the quarter ended June 2024, PENN Entertainment (PENN) reported revenue of $1.66 billion, down 0.7% over the same period last year. EPS came in at -$0.18, compared to $0.48 in the year-ago quarter. The reported revenue represents a surprise of +0.86% over the Zacks Consensus Estimate of $1.65 billion. With the consensus EPS estimate being -$0.27, the EPS surprise was +33.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

PENN Entertainment (PENN) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this casino operator would post a loss of $0.59 per share when it actually produced a loss of $0.79, delivering a surprise of -33.90%. Over the last four quarters, the co ...

Exhibit 99.1 PENN Entertainment Reports Second Quarter Results WYOMISSING, PA (August 8, 2024) - 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-o ...

Integrated gaming provider Penn Entertainment (NASDAQ:PENN) — which provides sports content and casino experiences — saw its shares decline conspicuously on Thursday. Earlier in the day, the company announced that it would initiate job cuts to support growth for its sportsbook partnership, ESPN Bet. However, the lack of business momentum has many investors jittery about the broader implications behind the Penn Entertainment layoffs. Per CNBC, Penn employs about 20,000 people. On paper, then, the Penn Entert ...

The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational efficiencies following its 2021 acquisition of Canadian media and gaming powerhouse theScore. "When PENN acquired theScore, we hit the ground running with the build-out of our proprietary tech stack and the migration of our sportsbook to theScore's best-in-class-platform," Snowden wrote in the memo, which was seen by CNBC. "T ...

Erin Chamberlin joins Topgolf as Chief Operating Officer on July 22Erin Chamberlin joins Topgolf as Chief Operating Officer on July 22 Chamberlin comes to Topgolf with over 20 years of progressive experience operating large, consumer-facing organizations in highly competitive markets. During her time at PENN, Erin oversaw operational responsibility for nine of the company's network of casinos across the country, supervised PENN's horse racing operations and was the Chair of PENN Women resource group. Prior ...

Loading... After previously launching its sportsbook with Barstool Sports as Barstool Sportsbook, Penn sold the brand back to founder Dave Portnoy. It also announced a 10-year licensing agreement with The Walt Disney Company DIS for the ESPN brand to be used for a sportsbook. The reported buyout interest from Flutter and Boyd has led to Penn shares trading higher over the last month. The chart from Benzinga Pro below shows Penn shares up 13.5% over the last month. Penn Entertainment is larger than Boyd when ...

PENN Entertainment, Inc. (PENN) has taken a significant step to bolster its industry-leading loyalty program by expanding its partnership with Ticketmaster. This strategic move is set to provide more than 30 million PENN Play members with exciting new benefits, which will give them unprecedented access to live events. PENN Play members can now redeem their rewards for tickets to concerts, sporting events and shows through Ticketmaster. This initiative goes beyond just providing ticket access; it aims to cre ...

Earlier today, casino operator and sports betting company PENN Entertainment Inc (NASDAQ:PENN) was downgraded on valuation concerns. While PENN may be one of the more popular sports betting stocks, the sector has a few other names worth monitoring -- some more familiar than others. DraftKings Inc (NASDAQ:DKNG) stock is down 4% to trade at $38.39 after a price-target cut to $53 from $54 at Wells Fargo. The shares are on track for their fourth-straight loss, and have now shed more than 10% in the last four tr ...

Raymond James downgraded PENN Entertainment Inc (NASDAQ:PENN) to "market perform" from "outperform" earlier today, with the analyst in question noting the security's recent gains made its valuation "appropriate." At last glance, PENN is 3.5% lower to trade at $18.66. Shares remain above the recently supportive 20-day moving average, but the stock's rally to its highest level since February ran out of steam near the $20 region. The shares are today on track for a third-straight daily loss, and carry a consid ...