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PENN Entertainment to Report First Quarter Results and Host Conference Call and Webcast on April 23
Businesswire· 2026-03-30 18:31
Core Viewpoint - PENN Entertainment, Inc. is set to release its first quarter financial results for 2026 on April 23, 2026, at 7:00 a.m. ET, followed by a conference call at 8:00 a.m. ET, which will be accessible to the public [1][2]. Company Overview - PENN Entertainment operates in 27 jurisdictions across North America, with a diverse portfolio that includes casinos, racetracks, and online sports betting and iCasino offerings [3]. - The company emphasizes organic cross-sell opportunities, supported by its leading retail casinos and proprietary digital sports betting and iCasino platform [3]. - PENN's customer loyalty program, PENN Play™, has over 33 million members, providing unique rewards and experiences [3]. Upcoming Events - The new Hollywood Casino Aurora in Illinois is expected to open on June 24, 2026, pending regulatory approvals, marking the second new property in the Chicagoland area [6]. - A new hotel tower at Hollywood Casino Columbus is set to open on June 12, 2026, featuring 203 rooms and modern accommodations [7]. Recent Financial Performance - The company reported solid financial results for the fourth quarter and year ended December 31, 2025, with retail adjusted EBITDAR showing year-over-year growth despite adverse weather conditions in December [8].
PENN Entertainment Sets June 24 as Grand Opening Date for New Hollywood Casino Aurora in Illinois
Businesswire· 2026-03-19 14:00
Core Viewpoint - PENN Entertainment is set to open the new Hollywood Casino Aurora in Illinois on June 24, 2026, which will enhance its presence in the Chicagoland area and expand its entertainment offerings [1][3]. Development and Features - The new $360 million facility will be located near Interstate-88, across from Chicago Premium Outlets, and will include a luxurious hotel, over 1,200 gaming positions, a retail sportsbook, outdoor entertainment area, full-service spa, premium bars and restaurants, a 12,000 square foot event center, and approximately 1,700 parking spaces [2][9]. - The hotel will feature 226 rooms and a beauty and wellness space called Drift Spa [3]. Dining and Entertainment - PENN has partnered with celebrity chef Giada De Laurentiis to open Sorella by Giada, an Italian-California fusion restaurant with approximately 170 seats [4]. - The Boulevard Food & Drink Hall will include various dining options from notable chefs, including Lucky Goat by Stephanie Izard and Five50 Pizza, along with local favorites [5][6]. Employment and Community Impact - The new casino is expected to employ around 700 team members, nearly doubling PENN's existing workforce in Aurora [2][9]. - The event center will host a variety of events, with bookings already underway [6]. Financial Aspects - PENN anticipates receiving $225 million in funding from Gaming and Leisure Properties, Inc. at a 7.75% capitalization rate, along with an additional $21 million from the City of Aurora by year-end [8].
Bragg Gaming Group Reports Record Fourth Quarter and Full Year 2025 Revenues; Welcomes Accomplished iGaming Executive, Thomas Winter, to Board
Businesswire· 2026-03-19 11:45
Core Insights - Bragg Gaming Group reported record revenues for both the fourth quarter and full year of 2025, highlighting significant growth in the U.S. and Brazil markets while facing challenges in the Netherlands due to regulatory changes [1][2][3]. Financial Performance - Fourth quarter 2025 revenue reached €27.7 million, marking a record for the company [2]. - Full year 2025 revenue totaled €106.1 million, a 4.0% increase from €102.0 million in 2024 [2]. - U.S. recurring revenue surged by 55.0% year-over-year, driven by an expanded proprietary content footprint [2]. - Brazil revenue increased by 42.1% compared to the fourth quarter of 2024, reflecting ongoing growth in provider onboarding [2]. - The Netherlands experienced a revenue decline of 4.6% year-over-year due to market contraction from increased regulation and taxes [2]. - Adjusted EBITDA for 2025 was €16.6 million, with an Adjusted EBITDA margin of 15.6%, slightly up from 15.5% in 2024 [2]. Strategic Developments - The company announced a strategic restructuring, including a 12% reduction in global workforce, aimed at improving cost structure and driving EBITDA growth [5]. - Bragg initiated an ambitious AI transformation plan, targeting an "AI-First" future with specific goals for 2027 [5]. - The company signed a comprehensive agreement for the Finnish market, preparing for its launch in July 2027 [5]. - Bragg expanded its Player Account Management (PAM) platform agreements in Europe, including the Belgian iGaming market [5]. Leadership Changes - Thomas Winter was appointed to the Board of Directors, succeeding Kent Young, who retired [4][6]. - The company also appointed Morten Tonnesen as Chief Operating Officer and promoted Garrick Morris to Executive Vice President of Global Content, U.S. & Canada [40]. 2026 Outlook - For 2026, Bragg anticipates revenue between €97.0 million and €104.5 million, with Adjusted EBITDA projected between €16.0 million and €19.0 million, representing an Adjusted EBITDA margin of 16.0% to 18.0% [8].
Genius Sports Announces Availability of Its 2025 Annual Report on Form 20-F
Businesswire· 2026-03-17 20:10
Core Insights - Genius Sports Limited has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, with the Securities and Exchange Commission, highlighting its financial performance and operational achievements [1][7] Company Overview - Genius Sports serves as the official data, technology, and broadcast partner for the global sports, betting, and media ecosystem, operating in over 150 countries and enhancing fan experiences [2][4] - The company collaborates with over 1,000 sports organizations, including major leagues and brands such as the NFL, English Premier League, and ESPN, establishing itself as a key player in the sports industry [3] Technological Advancements - Genius Sports leverages AI, computer vision, and big data to enhance sports fan experiences, offering products like augmented broadcasts, automated officiating tools, and personalized marketing solutions [4] - The company has announced a multi-year partnership with the Pac-12 Conference to advance authorized sports betting and fan engagement through its data and AI platform, GeniusIQ [6] Financial Performance - The financial results for the fourth quarter and full year ended December 31, 2025, indicate accelerated revenue growth and record adjusted EBITDA, with the betting business outperforming the broader industry [7]
DraftKings and ESPN Detail Plans to Provide Account Linking for Customers
Businesswire· 2026-03-06 15:46
Core Insights - DraftKings and ESPN announced a collaboration to provide account linking for customers, enhancing user experience with personalized features like "Bet Your Bracket" ahead of March Madness [1] - The integration aims to create a seamless platform for sports fans, allowing them to engage more deeply with betting and fantasy sports [1] Group 1: Account Linking and Features - Customers linking their DraftKings and ESPN accounts will unlock exclusive features, including a free month of ESPN Unlimited and personalized betting experiences aligned with their bracket picks [1] - The "Bet Your Bracket" feature will allow fans to receive tailored suggestions and engage with the tournament in a more interactive manner [1] Group 2: Strategic Collaboration - The partnership between DraftKings and ESPN is described as a strategic collaboration that redefines fan engagement in sports betting, moving beyond traditional marketing arrangements [1] - This collaboration reflects DraftKings' broader vision to enhance user experience through initiatives like DraftKings Predictions, expanding interactive opportunities for fans [1] Group 3: Company Background and Market Position - DraftKings is a leading digital sports entertainment and gaming company, operating in 29 states and Canada, with a mission to create engaging real-money gaming experiences [1] - The company is positioned as a vertically integrated sports betting operator and has partnerships with major sports leagues, enhancing its market presence [1]
Bragg Gaming to Release Fourth Quarter and Full Year 2025 Results on March 19
Businesswire· 2026-03-05 21:30
Core Insights - Bragg Gaming Group will release its fourth quarter and full year 2025 financial results on March 19, 2026, prior to market opening, followed by a conference call with executives discussing the results and business updates [1][1][1] Company Overview - Bragg Gaming Group is a leading provider of iGaming content and platform technology solutions, serving online casino, sports betting, and lottery operators with proprietary and exclusive casino games content [1][1] - The company operates in over 30 regulated iGaming markets globally, including the U.S., Canada, Latin America, and Europe [1][1] Financial Performance - Preliminary unaudited financial results for the year ended December 31, 2025, are expected to align with previously issued guidance ranges for both revenue and Adjusted EBITDA [1][1] - Specific highlights for the fourth quarter and full year 2025 financial results are anticipated but not detailed in the provided content [1][1] Management Changes - The company announced the appointment of Morten Tonnesen as Chief Operating Officer and the promotion of Garrick Morris to Executive Vice President of Global Content, U.S. & Canada, reflecting a strategic focus on scaling and expanding operations [1][1]
Bragg Strengthens Executive Team for Enhanced Content Strategy, North American Growth, and AI-First Transformation
Businesswire· 2026-03-03 12:45
Core Insights - Bragg Gaming Group has appointed Morten Tonnesen as Chief Operating Officer and promoted Garrick Morris to Executive Vice President of Global Content, U.S. & Canada, to enhance its content strategy and drive growth in North America [1] - The company reported a significant growth in its global content business, with a 76% increase in Q4-2025 compared to Q4-2024 and a 69% increase for the full year 2025 compared to 2024 [1] - Bragg aims to become an AI-First company by 2027, with specific goals including AI-Enhanced Products in over 90% of new launches and AI integration in more than 75% of operational workflows [1] Management Changes - Morten Tonnesen's role as COO focuses on driving operational leverage and implementing the AI transformation strategy [1] - Garrick Morris, with over 15 years of iGaming management experience, will focus on expanding U.S. content and entering new market segments [1] Financial Performance - The company anticipates that its preliminary unaudited financial results for the year ended December 31, 2025, will align with previously issued guidance for both revenue and Adjusted EBITDA [3]
DraftKings Launches Online Sportsbook in Puerto Rico, Expanding Access for Residents
Businesswire· 2026-02-23 18:40
Core Viewpoint - DraftKings has officially launched its online sportsbook in Puerto Rico, enhancing access for local sports fans and expanding its market presence [1] Group 1: Company Expansion - The online sportsbook will be available to Puerto Rico residents starting February 23, 2026, following the opening of a retail sportsbook at Foxwoods El San Juan Casino in November [1] - Eligible new customers must register in person at the Foxwoods El San Juan Casino to access the online sportsbook [1] - The online sportsbook features include same-game parlays, in-game wagering, and special odds boosts across various sports leagues such as MLB, NFL, and NBA [1] Group 2: Market Strategy - The launch aims to cater to Puerto Rico's passionate sports community, providing a seamless and responsible way for local customers to engage with sports [1] - DraftKings emphasizes responsible gaming, offering tools like My Budget Builder and My Stat Sheet to promote responsible play [1] Group 3: Company Overview - DraftKings Inc. is a digital sports entertainment and gaming company, headquartered in Boston, and operates in 29 states, Washington D.C., Puerto Rico, and Ontario, Canada [1] - The company is the only U.S.-based vertically integrated sports betting operator and offers a range of products including daily fantasy sports and iGaming [1] - DraftKings is partnered with major sports leagues such as the NFL, NHL, PGA TOUR, and NBA, enhancing its brand visibility and market reach [1]
PENN Entertainment Celebrates the Official Opening of Second Hotel Tower at M Resort Las Vegas
Businesswire· 2025-12-01 17:30
Core Viewpoint - PENN Entertainment has officially opened the second hotel tower at M Resort Spa Casino in Las Vegas, marking a significant expansion of its capacity and enhancing its offerings for guests and group business [1][4]. Group 1: Project Details - The new hotel tower nearly doubles the capacity of M Resort, increasing the total to 765 rooms and suites [2]. - The development includes a 15,000 square foot Montese Ballroom, which will enhance the total indoor and outdoor conference and event space to over 100,000 square feet [2]. - The expansion is expected to create 120 new jobs at M Resort [2]. Group 2: Financial Aspects - On November 3, 2025, PENN received $150 million in funding from Gaming and Leisure Properties, Inc. at a 7.79% capitalization rate for the project [4]. - The new hotel tower is the second of PENN's growth projects to open, following the completion of the Hollywood Casino Joliet in August 2025 [5]. Group 3: Future Developments - Additional projects are on schedule and on budget, including the new land-based Hollywood Casino Aurora in Illinois and a hotel tower at Hollywood Casino Columbus, both expected to open in late Q2 2026 [5]. - The relocation of Hollywood Casino Council Bluffs is anticipated in Q4 2027 or early 2028 [5]. Group 4: Company Overview - PENN Entertainment operates in 28 jurisdictions across North America, with a diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings [8]. - The company focuses on organic cross-sell opportunities, supported by its market-leading retail casinos and technology [8]. - PENN's customer loyalty program, PENN Play™, has over 33 million members [9].
theScore Bet Now Live In 21 U.S. Jurisdictions
Businesswire· 2025-12-01 15:49
Core Viewpoint - PENN Entertainment has successfully rebranded its online sports betting platform to theScore Bet and launched it in Missouri, expanding its presence to 21 U.S. jurisdictions [1][2]. Group 1: Rebranding and Launch - TheScore Bet is now live in 21 U.S. jurisdictions, offering a comprehensive menu of wagering options and innovative features [2]. - The rebranding process was seamless, allowing existing customers to access their accounts without any disruption [1]. - The launch in Missouri coincides with the opening of retail sportsbooks at PENN's three properties in the state [4]. Group 2: Product Features and Integration - TheScore Bet app is integrated with theScore media app, providing real-time updates, stats, and personalized content feeds, enhancing the user experience [2]. - The platform aims to create a strong connection with fans, similar to its success in Ontario, by offering rewards, promotions, and engaging content [3]. Group 3: Company Overview - PENN Entertainment operates in 28 jurisdictions across North America, with a diversified portfolio that includes casinos, racetracks, and online sports betting [5]. - The company emphasizes organic cross-sell opportunities and has a proprietary digital sports betting and iCasino platform [5].