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    13.5900
  • TODAY'S CHANGE (%)
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  • Day Range
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    above average

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  • Today

      Show headlines and story abstract
    • 2 hours ago by Dow Jones
      Companies Mentioned: PENN

      By Rob Curran

      Penn Entertainment swung to a first-quarter loss as the casino and horse-track operator continued to struggle with the profitability of digital business lines.
    • 2 hours ago by MT Newswires
      Companies Mentioned: PENN
      07:10 AM EDT, 05/02/2024 (MT Newswires) -- ...
    • 3 hours ago by Business Wire
      Companies Mentioned: PENN

      PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) today reported financial results for the three months ended March 31, 2024.

      Jay Snowden, Chief Executive Officer and President, said: "Our property level performance showed resilience this quarter, with stable trends continuing into April following portfolio-wide severe weather through mid-February. Meanwhile, ESPN BET continues to drive strong top of funnel demand due to the reach and affinity for the ESPN brand, which led to record online sports betting handle and iCasino gross gaming revenue in the quarter. However, Interactive segment results were negatively impacted primarily by unfavorable hold from major sporting events. We look forward to unveiling additional product enhancements and unique media integrations with ESPN ahead of the 2024 football season. Our improved online product offering will help engage, reactivate, and retain our expanding database, while also advancing our strategy to create a highly differentiated experience for sports fans and sports bettors.

    • 3 hours ago by Dow Jones
      Companies Mentioned: PENN

      the integration and synergies related to the Company's integration of theScore and the continued growth and monetization of the Company's media business; the Company's expectations that its portfolio of assets provides a benefit of geographically-diversified cash flows from operations; the Company's plan to expand gaming operations through the implementation and execution of a disciplined capital expenditure program at our existing properties, the pursuit of strategic acquisitions and investments, and the development of new gaming properties, including the prospective development projects; improvements, expansions, or relocations of our existing properties; entrance into new jurisdictions; expansion of gaming in existing jurisdictions; strategic investments and acquisitions; cross-sell opportunities between our retail gaming, online sports betting, and iCasino businesses; our ability to obtain financing for our development projects on attractive terms; the timing, cost and expected impact of planned capital expenditures on the Company's results of operations; and the actions of regulatory, legislative, executive, or judicial decisions at the federal, state, provincial, or local level with regard to our business and the impact of any such actions.
    • 3 hours ago by Dow Jones
      Companies Mentioned: PENN

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