Welcome to our dedicated page for Penn Ent news (Ticker: PENN), a resource for investors and traders seeking the latest updates and insights on Penn Ent stock.
PENN Entertainment, Inc. reports developments across a North American gaming and entertainment business that includes casinos, racetracks, online sports betting and iCasino offerings. Company news commonly covers quarterly results, retail property projects under the Hollywood Casino brand, digital wagering strategy, sports media and technology assets, and the PENN Play customer loyalty program.
Recurring updates also address capital actions, material agreements, board composition and shareholder governance matters. PENN’s news flow reflects the regulatory environment for gaming operators, the company’s omnichannel model linking retail casinos with digital products, and periodic changes to its operating structure and executive oversight.
Penn National Gaming, Inc. (NASDAQ: PENN) will announce its 2022 first quarter financial results on May 5, 2022, at 7:00 a.m. ET, with a conference call at 9:00 a.m. ET. The call is open to the public and can be accessed at www.pngaming.com. Participants should call 212/231-2939 five minutes early to connect. A replay of the call will be available for thirty days at the same website. Penn National operates 44 properties across 20 states, offering retail and online gaming, live racing, and sports betting entertainment.
Penn National Gaming, Inc. has expanded its online gaming footprint by launching theScore Bet mobile Sportsbook and Casino in Ontario, Canada, at 12:01 AM ET on April 4. This move marks a significant step into one of North America's largest regulated gaming markets. theScore Bet provides an immersive betting experience, integrating with theScore media app for seamless user engagement. The platform features a wide range of sports betting options and an online casino with live dealer games. This development aligns with the strong demand for regulated online gaming in Ontario.
Paysafe (NYSE: PSFE) has officially launched its services in Ontario's new private iGaming market, providing payment solutions to operators. This comes after establishing a significant presence in Canada, with over 20 years of experience in online payments. The Ontario market, expected to generate gross revenues of C$1.86 billion by 2026, will allow players to use various payment methods, including credit and debit cards. Paysafe plans to introduce new iGaming payment products soon, signaling growth potential in North America's competitive gaming sector.
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Penn National Gaming, Inc. (NASDAQ: PENN) announces that its subsidiary, Score Digital Sports Ventures (Canada) Inc. (theScore Bet), has secured a certificate of registration as an internet gaming operator from the Alcohol and Gaming Commission of Ontario (AGCO). This milestone positions theScore Bet to operate in Ontario's regulated market starting April 4. theScore Bet is also the first operator to achieve Gaming Labs International certification and RG Check iGaming Accreditation, ensuring compliance and responsible gambling standards.
Penn National Gaming reported strong Q4 2021 results, with revenues of $1.6 billion, up $545.1 million YoY. Net income reached $44.8 million, a significant increase from $12.7 million in the previous year. The company authorized a $750 million share repurchase program to enhance shareholder value. Looking ahead, Penn National set 2022 revenue guidance between $6.07 billion and $6.39 billion, alongside an Adjusted EBITDAR forecast of $1.85 billion to $1.95 billion. Strategic acquisitions and technology upgrades are expected to drive growth.
Penn National Gaming (PENN) is poised to enter the Ontario sports betting and iGaming market, set to launch on April 4, 2022. With its subsidiary, theScore, the company aims to capitalize on the new regulatory environment, enhancing its position as a leading digital sports media brand. Both CEOs, Jay Snowden and John Levy, expressed enthusiasm for the opportunity and recognized the Ontario government's efforts in establishing a robust gaming framework. Pre-launch preparations are underway, including compliance certification from Gaming Labs International, crucial for theScore Bet's successful launch.
Penn National Gaming has received approval from the Louisiana Gaming Control Board to launch its online sports betting platform. The Barstool Sportsbook app is set to go live on January 28 at 8:00 AM CST. This expansion marks Louisiana as the twelfth state for the Barstool Sportsbook, which aims to enhance the entertainment experience for retail casino customers and loyalty program members. Penn National operates five gaming facilities in Louisiana and continues its evolution as a leading omni-channel provider in gaming and sports betting.
Penn National Gaming will announce its 2021 fourth quarter financial results on February 3, 2022, at 7:00 a.m. ET. A conference call will follow at 9:00 a.m. ET, accessible to the public via phone and webcast. Interested participants can call 212/231-2938 or join online at www.pngaming.com. Penn National operates 44 properties across 20 states, focusing on retail and online gaming, sports betting, and more. The company continues to innovate, bolstered by partnerships with Barstool Sports and theScore.
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