About PENN Entertainment, Inc. - Common Stock (PENN)
Penn Entertainment Inc is a leading player in the gaming and entertainment industry, primarily focused on operating a diverse portfolio of casinos and gaming facilities across the United States. The company provides a wide array of gaming options, including slot machines, table games, and online gaming platforms, aimed at delivering an engaging experience for its customers. Additionally, Penn Entertainment engages in strategic partnerships and ventures, enhancing its market presence and offering innovative entertainment experiences, such as live events and sports betting integrations. Through its commitment to customer satisfaction and community engagement, the company continues to grow and evolve within the dynamic landscape of the entertainment sector. Read More
PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today announced that it intends to nominate Johnny Hartnett and Carlos Ruisanchez for election to its Board of Directors following discussions with HG Vora Capital Management, LLC (“HG Vora”). Ron Naples has informed the Board that he will retire from the Board, effective immediately. Barbara Shattuck Kohn and Saul Reibstein have notified the Company that they will not stand for reelection at the 2025 Annual Meeting of Shareholders. The Board now comprises eight directors, seven of whom are independent.
PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today plans for an expected $180–$200 million project to relocate its Ameristar Casino Hotel Council Bluffs (“Ameristar”) riverboat casino operations to a new, state-of-the-art land-based property to be rebranded as Hollywood Casino Council Bluffs (“Hollywood Council Bluffs”). The proposal was approved by the Iowa Racing and Gaming Commission this morning in conjunction with a 15-year extension of Ameristar’s partnership with the nonprofit Qualified Sponsoring Organization (“QSO”) Iowa West Racing Association. All commercial operators in Iowa are required to have an operating agreement with a QSO licensed to conduct gaming operations.
A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible."
His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Shareholders of PENN Entertainment would probably like to forget the past six months even happened. The stock dropped 24.5% and now trades at $14.34. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, including Wynn Resorts (NASDAQ:WYNN) and its peers.
Gaming and lodging stocks are under pressure as recession risks mount, BofA Securities reports. With tariffs weighing on GDP, analysts warn of a potential 3%–8% EBITDA hit. Hotel and timeshare sectors remain the most exposed, while REITs and Gaming OpCos face heightened earnings risk. Stocks are now trading at their lowest valuations since the COVID-19 and GFC downturns.
PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2025 first quarter financial results at 7:00 a.m. ET on Thursday, May 8, 2025, followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at PENN Entertainment (NASDAQ:PENN) and its peers.
You might think that gambling during a recession is a risky idea. And you’d probably be right. But investing in the gambling business can actually be smart. After all, people don’t stop gambling during downturns.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Bally's (NYSE:BALY) and the rest of the casino operator stocks fared in Q4.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the casino operator stocks, including Caesars Entertainment (NASDAQ:CZR) and its peers.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can cause discretionary stocks to plummet when macro uncertainty enters the fray,
and over the past six months, the industry has shed 3%. This performance was disappointing since the S&P 500 held steady.
Expensive stocks often command premium valuations because the market thinks their business models are exceptional.
However, the downside is that high expectations are already baked into their prices, leaving little room for error if they stumble even slightly.
Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.6% year on year to $1.67 billion. Its non-GAAP loss of $0.44 per share was 17.6% below analysts’ consensus estimates.
PENN Entertainment Inc (NASDAQ:PENN) reported fourth-quarter financial results before the market open on Thursday. Here's a look at the key details from the quarter.
