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PENN Entertainment Inc - PENN STOCK NEWS

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

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 Announces Groundbreaking Ceremony for Second Hotel Tower at The M Resort
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) is set to begin construction on a second hotel tower at M Resort with an estimated budget of $206 million, adding 384 rooms and suites, expanded meetings space, updated amenities, and additional local partnerships. The project is part of a larger plan for four new growth projects that includes new land-based casinos in Aurora and Joliet, Illinois, and a new hotel in Columbus, Ohio, with significant funding commitments from the City of Aurora and Gaming and Leisure Properties, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7%
Tags
none
-
News
PENN Entertainment Announces Strategic Partnership With Quail Hollow Club for ESPN BET Market Access in North Carolina
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) announced a partnership with Quail Hollow Club and the Wells Fargo Championship for its online sports wagering platform ESPN BET to become the exclusive official betting operator of the tournament in North Carolina. The agreement secures market access for ESPN BET in North Carolina and grants various marketing integrations, including on-site fan activations during the tournament.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.98%
Tags
partnership
-
News
PENN Entertainment Announces Partnership With National Hockey League for Online Sports Betting Brands, ESPN BET and theScore Bet
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) partners with the National Hockey League (NHL) to designate ESPN BET and theScore Bet as Official Sports Betting Partners. The partnership includes access to IP rights, media and marketing integrations, and entitlements spanning NHL events from regular season to the 2024 NHL All-Star Weekend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
partnership
News
PENN Entertainment Announces Groundbreaking Ceremony for Relocated Hollywood Casino Aurora
Rhea-AI Summary
PENN Entertainment, Inc. (PENN) will host a groundbreaking ceremony for the future Hollywood Casino Aurora, a $360 million regional destination with 1,200 gaming positions, 220 guest rooms, a retail sportsbook, outdoor entertainment area, full-service spa, high-quality bars and restaurants, an event center, and 1,700 parking spaces. The new facility will create 700 construction jobs and 700 permanent jobs, doubling the current team members in Aurora. The project will be funded by the city through a new bond issuance, and the existing casino will maintain operations during the 24-month construction period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
none
-
News
PENN Entertainment Announces Groundbreaking Ceremony for New Hotel at Hollywood Casino Columbus
Rhea-AI Summary
PENN Entertainment, Inc. (PENN) announced a groundbreaking ceremony for a new hotel at Hollywood Casino Columbus. The $100 million budgeted hotel will add 180 rooms, meeting space, a new restaurant, and local partnerships. The project is part of a larger plan for four new growth projects, including new casinos in Illinois and an additional hotel tower in Nevada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
none
-
News
ESPN BET Now Live in 17 States
Rhea-AI Summary
PENN Entertainment, Inc. (Nasdaq: PENN) successfully launched ESPN BET, an online sportsbook available for mobile wagering on iOS and Android, and via web at www.ESPNBET.com. The online casino offering is accessible within ESPN BET through the Hollywood Casino brand in Michigan, New Jersey, Pennsylvania, and West Virginia. The partnership with ESPN is expected to drive the sportsbook's success, leveraging PENN's operational excellence and ESPN's brand and reach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
none
News
PENN Entertainment Reports Third Quarter Results
Rhea-AI Summary
PENN Entertainment, Inc. reported stable property level performance in Q3, with revenues of $1.42 billion and adjusted EBITDAR of $523.4 million. The company saw relative strength in several locations, including Ohio, Kansas, Massachusetts, and Missouri. They also announced plans to launch ESPN BET on November 14, which is expected to expand their digital ecosystem and drive customer engagement. Total liquidity as of September 30, 2023, was $2.3 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
earnings
-
News
PENN Entertainment to Report Third Quarter Results and Host Conference Call and Webcast on November 2
Rhea-AI Summary
PENN Entertainment, Inc. will release its 2023 Q3 financial results on November 2, 2023. Conference call and webcast available to the public.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.85%
Tags
conferences earnings
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News
Knightscope to provide PENN Entertainment with Technology Services Across its Portfolio
Rhea-AI Summary
Knightscope signs agreement with PENN Entertainment to offer its technologies at 43 gaming and racing properties nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.22%
Tags
none
News
PENN Entertainment to Participate in the Bank of America Securities 2023 Gaming and Lodging Conference on September 7
Rhea-AI Summary
PENN Entertainment to participate in fireside chat at Bank of America Securities 2023 Gaming and Lodging Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.7%
Tags
conferences
Stock PENN logo
PENN Entertainment Inc

Nasdaq:PENN

PENN Rankings

#1668 Ranked by Market Cap
#4492 Ranked by Stock Gains
N/A Ranked by Dividends

PENN Stock Data

2.55B
132.59M
1.01%
90.38%
18.82%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
United States
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.