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PENN Entertainment, Inc. - $PENN STOCK NEWS

Welcome to our dedicated page for PENN Entertainment news (Ticker: $PENN), a resource for investors and traders seeking the latest updates and insights on PENN Entertainment stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PENN Entertainment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PENN Entertainment's position in the market.

News
PENN Entertainment Reports First Quarter Results
Rhea-AI Summary

PENN Entertainment, Inc. reported resilient property level performance and record online sports betting revenue for Q1 2024. The company hired Aaron LaBerge as CTO to drive technology strategy. Revenues totaled $1.6 billion, with a net loss of $114.9 million. The Northeast segment led in revenues, while the Interactive segment saw a loss. Total liquidity stood at $1.9 billion, with $903.6 million in cash.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
earnings
-
News
PENN Entertainment Publishes 2023 Corporate Social Responsibility Report
Rhea-AI Summary
PENN Entertainment, Inc. published its 2023 Corporate Social Responsibility report, highlighting efforts in environmental sustainability, community support, and diversity initiatives. The report showcases donations exceeding $8 million to local charities, $17 million in economic development grants, $750,000 to Veteran organizations, and a new military scholarship at Penn State Berks. Additionally, the company implemented a Diverse Vendor Incubator Program, launched 'PENN Women' employee resource group, and focused on sustainability with GHG emissions inventory review and reduction goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none
-
News
PENN Entertainment Names Aaron LaBerge Chief Technology Officer
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) appoints Aaron LaBerge as Chief Technology Officer. LaBerge, formerly from The Walt Disney Company, will lead PENN's technology strategy and interactive division. His experience in driving technology innovation and consumer experiences at Disney and ESPN will propel PENN's growth in online gaming and sports media. LaBerge's track record includes spearheading ambitious digital projects, establishing ESPN's digital sports leadership, and founding a successful consumer software company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
none
News
PENN Entertainment to Report First Quarter Results and Host Conference Call and Webcast on May 2
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) will release its 2024 first quarter financial results on May 2, 2024, followed by a conference call and webcast open to the public. Interested parties can access the live call on www.pennentertainment.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
Tags
conferences earnings
-
News
ESPN BET Launches in North Carolina
Rhea-AI Summary
ESPN BET, the official sportsbook of ESPN, has launched in North Carolina, offering a state-of-the-art mobile and web betting platform with a variety of sports markets. Operated by PENN Entertainment (PENN), the platform features exclusive promotions, daily odds boosts, and integrations with ESPN content and personalities. The launch event in Charlotte will feature ESPN's Stephen A. Smith, celebrating the partnership's first new state launch. PENN secured market access through a partnership with Quail Hollow Club, and ESPN BET is the exclusive betting operator of the Wells Fargo Championship.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none
-
News
PENN Entertainment to Participate in J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) CEO to participate in J.P. Morgan Forum. Investors can join a live webcast and access archived content for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
Tags
conferences
News
PENN Entertainment Reports Fourth Quarter Results
Rhea-AI Summary
PENN Entertainment, Inc. (PENN) reported strong financial results for Q4 2023, highlighting solid property performance and growth in the digital business. Revenue was $1.37 billion with an EBITDAR of $476.4 million. The Interactive segment saw revenues of $31.5 million and an EBITDA loss of $333.8 million, attributed to the launch of ESPN BET. The company's liquidity stood at $2.1 billion with $1.1 billion in cash and cash equivalents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
earnings
-
News
PENN Entertainment Announces Agreement with Wynn Interactive Holdings to Acquire Mobile Sports Wagering Licenses for New York Market Access
Rhea-AI Summary
PENN Entertainment, Inc. (PENN) announced acquiring New York mobile sports wagering licenses from Wynn Interactive Holdings to launch ESPN BET in 2024. The $25 million deal gives PENN market access in a significant online sports betting market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
acquisition
-
News
PENN Entertainment Announces Interactive Leadership Transition Scheduled for April 2024
Rhea-AI Summary
PENN Entertainment, Inc. announced the founding family behind theScore will be stepping down from their roles at PENN Interactive. The company is in the final stages of its search for a new Head of Interactive. The transition plan comes at a natural inflection point, with the migration to the proprietary technology platform complete, theScore's media and betting business delivering record results, and ESPN BET off to a strong start. The Levys are leaving in mid-February and April 2024, and the company is well prepared for this to be a seamless transition and to continue growing its position as a leader in online gaming and sports media.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.14%
Tags
management
News
PENN Entertainment to Report Fourth Quarter Results and Host Conference Call and Webcast on February 15
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) will release its 2023 fourth quarter financial results on February 15, 2024, followed by a conference call and webcast open to the general public. Interested parties can access the live call at www.pennentertainment.com and the replay can be accessed for thirty days. Questions and answers will be reserved for call-in analysts and investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
conferences earnings
Stock PENN logo
PENN Entertainment, Inc.

Nasdaq:PENN

PENN Rankings

#1763 Ranked by Market Cap
#4492 Ranked by Stock Gains
N/A Ranked by Dividends

PENN Stock Data

2.39B
132.59M
1.01%
90.38%
18.82%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
United States of America
WYOMISSING

About PENN

penn national gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. we have also recently expanded into social online gaming offerings via our penn interactive ventures, llc division and our recent acquisition of rocket speed inc. at may 1, 2017, the company operated twenty-nine facilities in seventeen jurisdictions, including california, florida, illinois, indiana, kansas, maine, massachusetts, mississippi, missouri, nevada, new jersey, new mexico, ohio, pennsylvania, texas, west virginia, and ontario, canada. at may 1, 2017, in aggregate, penn national gaming operated approximately 35,000 gaming machines, 800 table games and 4,600 hotel rooms.