Penn Ent Stock Price, News & Analysis

PENN Entertainment (NASDAQ:PENN) reported Q2 2025 financial results, with total revenues of $1.77 billion and a net loss of $18.3 million. The company's retail properties delivered solid performance with revenues of $1.4 billion and Adjusted EBITDAR of $489.6 million.

The Interactive segment achieved record gaming revenue in both online sports betting and iCasino. Through August 6, 2025, PENN has repurchased $115.3 million of shares and remains committed to repurchasing at least $350 million in 2025. The company completed a $233.5 million Note Repurchase Transaction, eliminating approximately 9.6 million potentially dilutive shares.

Total liquidity stood at $1.2 billion as of June 30, 2025, including $671.6 million in cash and cash equivalents, with traditional net debt at $2.1 billion.

PENN Entertainment (Nasdaq: PENN) announced the launch of FanCenter, a major new feature for its ESPN BET Sportsbook platform. The personalized hub will integrate users' favorite teams, players, and ESPN fantasy football rosters to create a streamlined betting experience.

Key features include a 'For You' page with curated betting markets, a 'Fantasy Bet Builder' for fantasy roster-related wagers, integrated player insights, and Mint Club rewards access. The platform will leverage ESPN's position as the #1 fantasy sports app, which attracted over 13 million players last year.

The enhancement demonstrates PENN's strategy to leverage its ESPN partnership and create a differentiated sports betting experience through personalization and cross-platform integration.

PENN Entertainment (NASDAQ: PENN) has appointed former Louisiana Gaming Control Board Chair Ronnie Jones to its Compliance Committee as an independent, non-director member. Jones brings 45 years of public service experience, including over 30 years with the Louisiana State Police and serving as LGCB Chair from 2013 to 2020.

During his tenure at LGCB, Jones oversaw gaming operations across 15 riverboat properties, land-based casinos, 4 racetrack facilities, and over 2,000 video poker establishments. He was named North American Regulator of the Year in 2017 by the International Masters of Gaming Law. The Compliance Committee is chaired by Thomas N. Auriemma and includes board members Johnny Hartnett and Carlos Ruisanchez.

PENN Entertainment (Nasdaq: PENN) announced the closure of its Hollywood Casino Joliet riverboat location on July 29, 2025, ahead of opening a new $185 million land-based casino on August 11, 2025. The new facility, part of Rock Run Collection near Chicago, will feature 1,000 slots and 43 live table games, including high-limit gaming areas and an ESPN BET sportsbook.

The upgraded venue will introduce premium dining options, including Sorellina by Giada De Laurentiis and Boulevard Food & Drink Hall. Additional amenities include a 10,000 square foot event center and 1,330 parking spaces. During the transition, customers can visit nearby Hollywood Casino Aurora and Ameristar East Chicago locations, with unused chips redeemable at the new location through December 31, 2025.

HG Vora Capital Management (HG Vora) has released a comprehensive presentation advocating for urgent change in PENN Entertainment's (NASDAQ: PENN) Board of Directors ahead of the 2025 Annual Meeting on June 17, 2025.

HG Vora, which owns approximately 4.80% of PENN's outstanding shares (7,250,000 shares), has nominated three independent director candidates: William Clifford, Johnny Hartnett, and Carlos Ruisanchez. The firm is urging shareholders to vote using their GOLD proxy card to support these nominations, emphasizing the need for improved oversight and accountability in PENN's current leadership.

PENN Entertainment (Nasdaq: PENN) has scheduled its 2025 second quarter financial results announcement for August 7, 2025. The company will release its financial results at 7:00 a.m. ET, followed by a conference call and simultaneous webcast at 9:00 a.m. ET.

The conference call will be accessible via phone at 203-518-9843 (conference ID: PENN) and through the company's website at www.pennentertainment.com. The Q&A session will be exclusively for analysts and investors, and a replay will be available on the company's website for thirty days following the call.

PENN Entertainment (NASDAQ: PENN) has released its 2024 Corporate Responsibility Report, highlighting the company's commitment to social responsibility and sustainability initiatives. The report showcases significant charitable contributions totaling $9 million to local charities and Veterans organizations, plus $16 million in economic development grants. Notable achievements include team members contributing 11,000 volunteer hours and the PENN Scholarship Fund awarding $4.2 million in need-based scholarships, with 58% of recipients being first-generation college students. On the environmental front, PENN has set an ambitious goal to reduce Scope 1 and 2 greenhouse gas emissions by 25% by 2030 and expanded its climate-related disclosures by filing with three major reporting frameworks for the first time.

Sam Houston Race Park, owned by Penn Entertainment Inc. (NASDAQ: PENN), has announced the return of concerts with the Sam Houston Stampede Concert Series. The series will feature three shows in fall 2025, including performances by Billy Currington, La Mafia, and Randy Houser, along with supporting acts. The concerts are scheduled for September 27th, October 4th, and October 11th, featuring a mix of Country and Latin music performances. Tickets will be available starting June 23 at 11am CT through tickets.shrp.com/events, with options ranging from general admission to VIP access. The venue, located 15 miles northwest of downtown Houston, offers various dining options and entertainment facilities for businesses, groups, and families.

PENN Entertainment announced the final settlement terms for its previously announced note repurchase transactions of its 2.75% Convertible Senior Notes due 2026. The company will pay approximately $233.5 million in cash, including accrued and unpaid interest, determined after an averaging period from June 16-18, 2025. Following the repurchase and cancellation, PENN will have approximately $106.7 million in Convertible Senior Notes remaining. The transaction eliminates about 9.6 million shares from PENN's diluted share count. The company also reaffirmed its commitment to repurchase at least $350 million of shares in 2025, separate from these note repurchase transactions. HudsonWest LLC served as the exclusive financial advisor for the transactions.