PENN Entertainment, Inc. (PENN) is likely to benefit from development efforts, ESPN alliance and 3C’s initiative. Also, the focus on product improvements bodes well. However, an uncertain macroeconomic environment is a concern.Let us discuss the factors that highlight why investors should retain the stock now.Growth CatalystsDevelopment Plans: The company emphasizes reimaging its properties with best-in-class retail sports books, new games, enhanced technology, refreshed hotel offerings and new third-party ...

WYOMISSING, Pa.--(BUSINESS WIRE)--ESPN BET, the official sportsbook of ESPN, launched today in North Carolina as the state’s legal sports betting market opened. Fans in the state 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, including straight bets, cross-sport parlays, props, and in-game wagering, along with daily odds boosts, custom offers, exclusive promotions and integrations with ESPN content a ...

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (the “Company”) announced today that the Company’s Chief Executive Officer and President, Jay Snowden, will participate in a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thursday, March 14, 2024 at 1:50 p.m. ET. The Company’s management will also host meetings with institutional investors at the conference. Interested parties may access a live audio webcast of the fireside chat at ...

David Baileys PENN Entertainment, Inc. (NASDAQ:PENN) took another beating after the company's Q4 earnings report missed expectations. For long-suffering investors in the stock, it was another disappointment- with the cash flow from the company's profitable casino assets overwhelmed yet again by losses in speculative business ventures and acquisitions. PENN bet big on ESPN BET, and while the company saw a ton of downloads and bet activity, their profits weren't quite as expected, and the state-by-state rollo ...

EricVega A couple of weeks ago, PENN Entertainment (NASDAQ:PENN) reported fourth quarter earnings that disappointed investors. The gaming and entertainment company saw its shares fall in response, and the selloff intensified last week to new 52-week lows. Based on the company's recent financials along with projections for the next two years, I believe there is a good opportunity to enter a long position in Penn by selling $15 put options. PENN Entertainment's full year 2023 earnings were disappointing. The ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pennsylva ...

Gaming facilities and technology company Penn Entertainment (PENN -4.02%) had a forgettable week on the stock exchange. According to data compiled by S&P Global Market Intelligence, the company's shares tumbled by more than 20% in value over the period. The main reason was abundantly clear.A pair of fourth-quarter monster missesThe No. 1 culprit was Penn Entertainment's fourth-quarter earnings, which were published before market open on Thursday. These revealed that the company's revenue fell by 12% year ov ...

PENN Entertainment, Inc. (PENN) reported a wider-than-expected loss in the fourth-quarter 2023 results. Both the bottom and top lines saw a year-over-year decrease. This decline was primarily attributed to the sale of Barstool and losses incurred during the relaunch of an online betting venture ESPN BET, both of which significantly impacted the quarterly financial performance.Following the results, the company’s shares lost 13.8% during trading hours on Feb 15.Earnings & Revenue DiscussionIn the quarter und ...

Regional gaming giant Penn Entertainment (PENN -15.76%) reported fourth-quarter 2023 financial results and the market didn't like what it saw. Shares fell as much as 15.8% in trading on Thursday and were still down 14.2% at 2:30 p.m. ET.The terrible quarterRevenue fell from $1.59 million a year ago to $1.40 billion, and Penn Entertainment lost $358.8 million, or $2.37 per share. Most of the revenue drop was related to the sale of Barstool and losses related to relaunching an online betting business under th ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q4 2023 Earnings Conference Call February 15, 2024 9:00 AM ET Company Participants Joseph Jaffoni - JCIR Jay Snowden - President, Chief Executive Officer & Director Felicia Hendrix - Executive Vice President & Chief Financial Officer Todd George - Executive Vice President of Operations Conference Call Participants Joe Greff - JPMorgan Joseph Stauff - Susquehanna Financial Group Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Merrill Lynch Barry Jonas - ...