PENN Entertainment, Inc. (PENN)

PENN Entertainment, Inc., formerly known as Penn National Gaming, Inc., is a leading American entertainment company that operates gaming and racing facilities, as well as video gaming terminal operations across the United States. It was founded by Peter Carlino and went public in 1994. With its headquarters in Wyomissing, Pennsylvania, PENN Entertainment has expanded its portfolio to include both traditional and digital gaming experiences. The company owns and manages a variety of casinos, racetracks, and online gaming platforms. In recent years, PENN has made significant strides in the online sports betting and iGaming markets, notably acquiring a stake in Barstool Sports to enhance its digital presence. As of 2022, PENN Entertainment's revenue was approximately $6.4 billion, reflecting its robust presence in the gaming industry. The company prides itself on offering a diverse range of entertainment and betting options while emphasizing responsible gaming and customer satisfaction.