PENN Entertainment's Product Enhancements And ESPN Integration Could Spark 2025 Growth, Says Analyst

Needham analyst Bernie McTernan expressed his view on PENN Entertainment, Inc. PENN investor event in Las Vegas on Monday. At the event, Penn said it expects third-quarter retail operations adjusted EBITDAR to be in the range of $465 million to$475 million. The company also raised its interactive adjusted EBITDA guidance for the third quarter. Penn anticipates a loss of $90 million to$100 million, up from prior guidance for a loss of $115 million to$135 million. The company noted that improving products ...