PENN Entertainment, Inc. Common Stock
PENNPenn Entertainment, Inc. (PENN) is a leading provider of gaming and entertainment experiences, operating a diverse portfolio of casino properties, online gaming platforms, and sports betting services. Founded in 1978 and headquartered in Pennsylvania, the company focuses on creating innovative and engaging entertainment options, combining land-based casinos with digital offerings to capture a broad customer base. Penn Entertainment is known for its efforts to expand its national presence through acquisitions and strategic partnerships within the gaming industry.
Company News
The article compares Penn Entertainment and DraftKings in the sports betting market, arguing that DraftKings is a superior investment due to its diversified ecosystem, mobile-first approach, and improving financial performance.
Rush Street Interactive reported strong Q2 earnings with 22% revenue growth and 88% EBITDA increase, potentially signaling positive momentum for online gaming companies. PENN Entertainment and DraftKings are awaiting their earnings reports, with investors watching to see if they can match Rush Street's performance.
Virco Manufacturing Corporation reported mixed second-quarter results, with earnings beating estimates but revenues missing. The company's stock fell 9.3% following the results. The top and bottom lines increased year-over-year, driven by higher factory output and improved operating efficiencies.
PENN Entertainment (PENN) has bolstered its industry-leading loyalty program by expanding partnership with Ticketmaster.
