Penn Inks NFL Partnership For theScore Bet In Canada
PENN Entertainment's theScore Bet has secured a multiyear partnership with the NFL, granting it rights to use NFL trademarks for sports betting and online casino gaming in Canada. This agreement allows Penn to integrate NFL branding across theScore Bet, theScore Casino, and Hollywood Casino platforms in Alberta and Ontario. The partnership underscores Penn's strategic focus on iGaming growth, particularly after ending its ESPN Bet collaboration, with early results in Alberta showing promising performance for the company.
What The PENN Entertainment Bears Got Right, And Where It Is Playing Out Again
PENN Entertainment shareholders experienced a 23.5% loss over the past year despite hopes for ESPN integration and land-based projects. While the optimistic view projected higher growth and profitability, a cautious outlook emphasized regulatory tightening and debt. The company's Q2 2026 results showed increased revenue and net income, partly supporting the optimistic case for profitability, though the ESPN user story remains untested.
Did EBITDA Miss Just Shift PENN Entertainment (PENN) Stock Investment Narrative?
PENN Entertainment (PENN) recently reported mixed quarterly results, with revenue up 5.2% year-on-year and matching expectations, and EPS beating estimates. However, the company experienced a significant EBITDA shortfall, leading to a 20.3% stock drop and raising concerns about its underlying profitability and cost management. Investors are now closely watching how PENN's management will address costs in both its retail and digital segments to improve EBITDA, especially given its loss-making Interactive operations and the focus on ESPN BET integration.
Hotel coming to Hollywood Casino at Kansas Speedway after years of delays
Penn Entertainment and NASCAR are finally breaking ground on a new 140-room boutique hotel at Hollywood Casino at Kansas Speedway, years after it was initially planned. The hotel, which will be part of the Marriott Bonvoy portfolio, is expected to open in 2028 and fulfills a long-standing obligation from the casino's original development agreement. This announcement coincides with NASCAR's return to the track for the Hollywood Casino 400.
Long-delayed Hollywood Casino hotel launches, targets 2028 opening in KCK
After more than a decade of delays and penalty payments, the Hollywood Casino hotel project at Kansas Speedway is set to break ground. The 140-room hotel is targeting an opening date in 2028. This development follows a long period of postponements, indicating a significant milestone for the casino and the Unified Government.
A hotel with about 140 rooms is planned beside a Kansas casino at a track that hosts NASCAR races.
PENN Entertainment's joint venture, Kansas Entertainment, LLC, is breaking ground on a new 140-room boutique hotel adjacent to Hollywood Casino at Kansas Speedway. The hotel, affiliated with Marriott's Tribute Portfolio, is expected to open in 2028 and will be financed by Prime Group US and operated by Shaner Hotels. This development aims to enhance the entertainment district in Village West, Kansas City, which already includes the Kansas Speedway, Children's Mercy Park, and future Buc-ee's and Kansas City Chiefs stadium locations.
PENN Entertainment, Inc. (PENN) Stock Price, News, Quote & History
This article provides a comprehensive overview of PENN Entertainment, Inc. (PENN) stock, including its current price, historical performance, key financial metrics, and company profile. It details the company's operations across various segments like casinos, online sports betting, and iCasino offerings. The report also includes analyst insights, earnings trends, and performance comparisons against the S&P 500.
Is PENN Entertainment (PENN) Stock a Buy After Its Latest Multi-Million Dollar Bet?
PENN Entertainment's latest $195 million investment to relocate its Boomtown Casino & Hotel New Orleans to a landside site, rebranding it as Hollywood Casino New Orleans, is under investor scrutiny. While the company has shown operational improvements, including debt reduction and improved EBITDA, this capital-intensive project, along with an unprofitable digital division, raises questions about its long-term profitability and risk management. The stock's discounted valuation and high short interest suggest market skepticism despite positive financial restructuring.
Bank of America Corp DE Acquires New Shares in PENN Entertainment, Inc. $PENN
Bank of America Corp DE has acquired over 5 million new shares in PENN Entertainment, Inc., valued at approximately $108.9 million, making it about 3.8% of PENN. Institutional investors now collectively own 91.69% of the company. Despite beating Q2 earnings estimates with an EPS of $0.44 and revenue of $1.86 billion, PENN reported a negative net margin, yet analysts maintain a "Moderate Buy" rating with an average price target of $23.53.
PENN Entertainment, Inspired, Lovesac, Rush Street Interactive, and Marriott Vacations Stocks Trade Down, What You Need To Know
Shares of PENN Entertainment, Inspired, Lovesac, Rush Street Interactive, and Marriott Vacations experienced declines following concerns over rising Treasury yields and higher interest rates, which are impacting household finances and discretionary spending. These macroeconomic headwinds are particularly affecting consumer-facing companies, leading investors to move away from consumer discretionary stocks. The article highlights Lovesac's recent performance, noting its lowered full-year revenue guidance despite a Q2 earnings beat, contributing to investor disappointment.
Engineers Gate Manager LP Has $1.71 Million Stock Position in PENN Entertainment, Inc. $PENN
Engineers Gate Manager LP significantly reduced its stake in PENN Entertainment by 89.2% in the second quarter, now holding 80,231 shares valued at $1.71 million. Despite this, institutional investors collectively own 91.69% of PENN's stock, with several firms increasing their positions. PENN Entertainment exceeded Q2 earnings estimates with $0.44 per share and revenue of $1.86 billion, and analysts maintain a "Moderate Buy" rating with an average price target of $23.53.
PENN Entertainment, Inc. (NASDAQ:PENN) Given Consensus Recommendation of "Moderate Buy" by Brokerages
PENN Entertainment, Inc. (NASDAQ:PENN) has received a "Moderate Buy" consensus rating from twenty brokerages, with an average 12-month price target of $23.53, above its current price of $17.82. Institutional investors hold a significant 91.69% of the company's shares. PENN recently surpassed quarterly earnings expectations, reporting an adjusted EPS of $0.44 against a $0.37 consensus and revenue of $1.86 billion, although it remains unprofitable overall with a negative net margin.
Wellington Management Group LLP Acquires Shares of 406,352 PENN Entertainment, Inc. $PENN
Wellington Management Group LLP initiated a new position in PENN Entertainment, purchasing 406,352 shares valued at approximately $8.68 million in the second quarter. Other institutional investors like Bank of America and Bamco also increased their holdings, leading to institutional ownership of 91.69% of the stock. PENN Entertainment recently reported strong quarterly earnings, exceeding analyst estimates with $0.44 EPS and a 5.2% year-over-year revenue increase.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 71,337 Shares of PENN Entertainment, Inc. $PENN
UBS Asset Management Americas LLC reduced its stake in PENN Entertainment by 23.4% in the second quarter, selling 71,337 shares and retaining 233,881 shares valued at approximately $5.0 million. Despite this, institutional investors and hedge funds still own 91.69% of PENN’s stock, with several firms increasing their holdings. Analysts generally maintain a "Moderate Buy" rating for PENN with an average price target of $23.53, and the company recently exceeded quarterly EPS estimates.
A Quick Look at Today's Ratings for Penn Entertainment(PENN.US), With a Forecast Between $22 to $26
This article provides a quick look at analyst ratings for Penn Entertainment (PENN.US), noting a forecast range for its stock price between $22 and $26. It indicates that the average price target from recent analyst updates is $24, with a high of $26 and a low of $22. The sentiment among these analysts appears to be a "Buy" rating.
67,264 Shares in PENN Entertainment, Inc. $PENN Acquired by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company recently acquired 67,264 shares of PENN Entertainment, Inc. (NASDAQ:PENN) worth approximately $1.44 million during the second quarter. This acquisition is part of a trend where institutional investors now collectively own 91.69% of PENN Entertainment. The company reported strong Q2 earnings, beating analyst estimates with $0.44 EPS and a 5.2% year-over-year revenue increase to $1.86 billion, leading to a "Moderate Buy" consensus rating from analysts with an average target price of $23.53.
Legal & General Group Plc Invests $6.41 Million in PENN Entertainment, Inc. $PENN
Legal & General Group Plc recently acquired a new stake in PENN Entertainment, Inc., purchasing 299,874 shares valued at approximately $6.41 million, representing about 0.22% of the company. Other institutional investors have also adjusted their holdings, with institutional ownership collectively reaching 91.69%. Analysts maintain a "Moderate Buy" rating for PENN, with an average price target of $23.53, following the company's Q2 earnings beat where it reported an EPS of $0.44 and a 5.2% year-over-year revenue increase.
Bank of New York Mellon Corp Makes New $16.71 Million Investment in PENN Entertainment, Inc. $PENN
Bank of New York Mellon Corp has acquired a new stake of 782,477 shares in PENN Entertainment, valued at approximately $16.71 million, representing about 0.58% of the company. Institutional investors now collectively own 91.69% of PENN. Analyst sentiment is generally positive with a "Moderate Buy" consensus and an average price target of $23.53, while PENN recently exceeded quarterly earnings expectations with an EPS of $0.44 and revenue of $1.86 billion.
Penn Capital Management Company LLC Has $25.39 Million Stock Holdings in PENN Entertainment, Inc. $PENN
Penn Capital Management Company LLC increased its stake in PENN Entertainment, Inc. to 1.19 million shares, valued at $25.39 million, making it their 9th largest holding. Institutional investors collectively own 91.69% of PENN, which has a "Moderate Buy" consensus rating and an average price target of $23.53. The company reported better-than-expected Q2 earnings of $0.44 per share on $1.86 billion in revenue.
Empowered Funds LLC Buys Shares of 586,714 PENN Entertainment, Inc. $PENN
Empowered Funds LLC acquired 586,714 shares of PENN Entertainment (NASDAQ:PENN) in the second quarter, a new position valued at approximately $12.5 million. This purchase represents about 0.44% of the company's stock, with institutional investors and hedge funds collectively owning 91.69% of PENN. The company recently reported strong quarterly revenues and earnings per share that exceeded analyst expectations, contributing to a "Moderate Buy" consensus rating from analysts.
Avoiding Lag: Real-Time Signals in (PENN) Movement
This article provides a real-time analysis of Penn Entertainment Inc. (NASDAQ: PENN) stock movement, highlighting weak near and mid-term sentiment but a strong long-term outlook. It details specific AI-generated trading strategies including position trading, momentum breakout, and risk hedging, along with multi-timeframe signal analysis for support and resistance levels. The analysis aims to help traders navigate PENN's stock with optimized risk management.
PENN Entertainment (PENN) Invests $195 Million In New Orleans As Undervalued View Faces A Fresh Test
The article states that PENN Entertainment (PENN) is investing $195 million in New Orleans. The headline suggests this investment will test the view that PENN is undervalued. No further details about the investment or the company's financial situation are provided in the content.
Algert Global LLC Purchases 61,670 Shares of PENN Entertainment, Inc. $PENN
Algert Global LLC significantly increased its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 22.1% during the second quarter, now holding 341,060 shares valued at approximately $7.3 million. Institutional investors and hedge funds own a substantial 91.69% of PENN's outstanding shares. Analysts currently rate PENN as a "Moderate Buy" with an average price target of $23.53, following the company's strong Q2 earnings report where it beat EPS estimates and met revenue expectations.
351,920 Shares in PENN Entertainment, Inc. $PENN Purchased by Castleark Management LLC
Castleark Management LLC recently acquired 351,920 shares of PENN Entertainment, Inc. (NASDAQ:PENN) valued at approximately $7,517,000, representing a new significant stake in the company. Other institutional investors also adjusted their holdings in PENN, which currently holds a "Moderate Buy" consensus rating from analysts with an average price target of $23.53. The company reported strong Q2 earnings, beating consensus estimates, and its stock has seen analyst price target increases.
BlackRock Inc. Makes New Investment in PENN Entertainment, Inc. $PENN
BlackRock Inc. has acquired 19.22 million shares of PENN Entertainment, Inc., valued at approximately $410.6 million, making it a significant institutional investor in the company. Institutional investors now collectively own 91.69% of PENN. The stock has an average "Moderate Buy" rating from analysts with a consensus price target of $23.53, following strong Q2 earnings where PENN beat EPS estimates and saw a 5.2% year-over-year revenue increase.
Deutsche Bank AG Makes New $3.91 Million Investment in PENN Entertainment, Inc. $PENN
Deutsche Bank AG has acquired a new position in PENN Entertainment, Inc. worth approximately $3.91 million, holding 0.14% of the company's stock. Other institutional investors have also adjusted their stakes in PENN Entertainment. The article provides an overview of PENN Entertainment's stock performance, recent earnings, and analyst ratings, noting an average rating of "Moderate Buy" with a consensus target price of $23.53.
PENN Entertainment Inc. stock underperforms Tuesday when compared to competitors
PENN Entertainment Inc. (PENN) stock declined by 2.79% on Tuesday, closing at $17.75. This underperformance occurred during a generally positive trading session for the broader stock market, with both the NASDAQ Composite Index and Dow Jones Industrial Average posting gains. This marks the second consecutive day of losses for PENN.
Ieq Capital LLC Makes New $3.19 Million Investment in PENN Entertainment, Inc. $PENN
Ieq Capital LLC has made a new $3.19 million investment in PENN Entertainment, Inc., acquiring 149,355 shares. This investment gives Ieq Capital a 0.11% stake in the company, which is largely owned by institutional investors and hedge funds (91.69%). PENN Entertainment recently reported strong quarterly earnings, exceeding analyst estimates, and maintains a "Moderate Buy" rating with an average target price of $23.53 among analysts.
PENN Stock Gains 49% in Six Months: Should You Buy, Sell or Hold?
PENN Entertainment (PENN) stock has surged 48.6% in the last six months, significantly outperforming its sector, driven by strong retail performance, successful new property developments, and narrowing losses in its Interactive segment. While the company shows promising growth in retail and progress towards Interactive profitability, concerns remain regarding competitive intensity in online sports betting, capital commitments, and declining earnings estimates. The article suggests a "Hold" rating for existing shareholders and cautions new investors to wait for a more favorable entry point.
PENN Entertainment Inc. stock underperforms Monday when compared to competitors
PENN Entertainment Inc. stock (PENN) fell 2.06% to $18.26 on Monday, performing worse than the broader market, which saw the Dow Jones Industrial Average rise and the NASDAQ Composite Index fall. The stock closed 18.34% below its 52-week high of $22.36, reached on June 16th.
What PENN Entertainment (PENN)'s US$195 Million New Orleans Casino Relocation Means For Shareholders
PENN Entertainment plans to invest US$195 million to relocate and rebrand its Boomtown Casino & Hotel New Orleans as Hollywood Casino New Orleans, focusing on organic growth and property upgrades. This project is part of a broader investment cycle aimed at improving facilities and driving profit, though analysts express caution due to PENN's significant debt. The company's investment narrative projects substantial revenue and earnings growth by 2029, suggesting a 20% upside to its current price despite a bearish outlook from some analysts.
What PENN Entertainment (PENN)'s US$195 Million New Orleans Casino Relocation Means For Shareholders
PENN Entertainment plans to invest US$195 million to relocate and rebrand its Boomtown Casino & Hotel New Orleans as Hollywood Casino New Orleans, pending regulatory approval. This move, funded primarily by cash, is part of PENN's broader strategy for organic growth and property upgrades, supporting the bullish view that upgraded facilities can improve profitability. Investors are advised to consider PENN's substantial debt and ongoing capital commitments alongside these growth initiatives.
PENN Entertainment Inc. stock underperforms Friday when compared to competitors despite daily gains
PENN Entertainment Inc. shares rose 1.11% on Friday to $18.65, despite underperforming its competitors. The NASDAQ Composite and Dow Jones Industrial Average also saw gains. The stock is currently 16.61% below its 52-week high of $22.36 achieved on June 16th.
PENN Entertainment Inc. stock underperforms Wednesday when compared to competitors despite daily gains
PENN Entertainment Inc. (PENN) stock increased by 1.48% on Wednesday, closing at $18.56. Despite this daily gain, the stock underperformed compared to the broader market, as both the NASDAQ Composite Index and the Dow Jones Industrial Average saw larger percentage increases. The rise, however, did break a four-day losing streak for PENN.
Is PENN Entertainment (PENN) A Bargain Following Its $195 Million New Orleans Casino Move?
PENN Entertainment (PENN) is investing $195 million to relocate and rebrand its New Orleans casino, aiming to boost its long-term financial performance. Despite a recent rebound in share price, the company's digital operations remain loss-making, and increased gaming taxes pose potential risks to margins. Analysts currently value PENN Entertainment as 16.8% undervalued, with a fair value of $22.32 against its current price of $18.56.
PENN Entertainment announces plans for Boomtown Casino New Orleans property
PENN Entertainment plans to invest approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat operations to a new land-based property. The new facility, to be rebranded as Hollywood Casino New Orleans, is expected to open in 2029 pending regulatory approval, offering 875 slot machines, 45 table games, a retail sportsbook, and multiple dining options. This move is part of PENN's strategy to enhance customer experience and competitive position, following similar landside relocations in Illinois and Iowa.
PENN Entertainment, Inc. (NASDAQ:PENN) Receives Average Rating of "Moderate Buy" from Analysts
PENN Entertainment, Inc. (NASDAQ:PENN) has received a "Moderate Buy" consensus rating from twenty brokerages, with an average 12-month price target of $23.53, exceeding its current share price of $18.29. The company recently reported quarterly EPS of $0.44, beating estimates, and revenue increased by 5.2% year-over-year. Analysts anticipate full-year EPS of approximately $1.19 for PENN Entertainment.
PENN Plans Hollywood Casino New Orleans in $195M Move
PENN Entertainment announced a $195 million plan to replace its Boomtown Casino & Hotel New Orleans riverboat with a new land-based Hollywood Casino New Orleans. This move is part of a broader trend in Louisiana's gaming industry to transition from riverboat operations to onshore facilities to enhance the customer experience and competitive position. The new casino, expected to open in 2029, will feature 140,000-145,000 square feet of development, including slot machines, table games, a retail sportsbook, and dining options, while retaining the existing 150-room hotel.
Hollywood Casino Transforms Everyday Moments Into “Hollyday” Invitation
PENN Entertainment has launched a new campaign for Hollywood Casino in Canada, introducing the creative platform 'Take a Hollyday.' Developed with agency Diamond, the campaign transforms everyday moments into playful invitations to experience the online casino app, differentiating itself from traditional casino advertising by focusing on a relaxed, inviting entertainment experience rather than just high-energy thrills. The campaign will roll out across Ontario and Alberta this month.
PENN Entertainment proposes landside move for New Orleans riverboat casino
PENN Entertainment plans to invest $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat operations to a new landside property, rebranding it as Hollywood Casino New Orleans. This move, pending regulatory approval, is expected to open in 2029 and represents PENN's fourth landside casino relocation in recent years. The company anticipates the new facility will enhance the customer experience and strengthen its competitive position in the New Orleans market.
PENN Entertainment Inc. stock underperforms Tuesday when compared to competitors
PENN Entertainment Inc. (PENN) stock declined 1.93% on Tuesday, closing at $18.29. This underperformance occurred on a generally negative trading day, with both the NASDAQ Composite Index and the Dow Jones Industrial Average also experiencing losses. The stock's fall marked its fourth consecutive day of losses.
PENN Entertainment to move an additional riverboat casino to dry land
PENN Entertainment plans to invest $195 million to convert its Boomtown Casino & Hotel New Orleans riverboat casino into a land-based Hollywood Casino New Orleans, pending regulatory approval. This marks the fourth such transition for the Berks County-based company, which expects the new casino to open in 2029. Shares of PENN (NYSE: PENN) have seen over 27% growth this year, with the company boasting a market capitalization of $2.5 billion.
PENN Plans $195M Hollywood Casino New Orleans Landside Development
PENN Entertainment Inc. is investing approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans gaming operations to an adjacent landside development, rebranding it as Hollywood Casino New Orleans. This move is part of PENN's strategy to transition riverboat casinos to land-based facilities, offering enhanced customer experiences and expanding gaming options. The project, subject to regulatory approval, is expected to open in 2029 and will be funded by cash on hand, further solidifying PENN's presence in Louisiana.
PENN Entertainment moving another riverboat casino to land (PENN:NASDAQ)
PENN Entertainment plans to invest $195 million to move its Boomtown Casino & Hotel New Orleans riverboat casino onto an adjacent landside property. The facility will be renamed Hollywood Casino New Orleans and will cover 140,000 square feet. This project is contingent on regulatory approval.
PENN Entertainment to invest $195M in New Orleans casino relocation By Investing.com
PENN Entertainment announced a $195 million investment to relocate its Boomtown Casino & Hotel New Orleans to a new landside property, rebranding it as Hollywood Casino New Orleans. The new facility, set to open in 2029, will feature expanded gaming options and dining, with the existing hotel remaining operational. This move is part of PENN's strategy for organic growth and represents its fourth landside relocation project in recent years.
PENN Entertainment Inc. stock underperforms Thursday when compared to competitors
Shares of PENN Entertainment Inc. (PENN) fell by 1.67% to $18.85 on Thursday, despite a generally positive trading day for the broader market. This decline saw the stock end a two-day winning streak, underperforming the NASDAQ Composite Index and the Dow Jones Industrial Average.
Assenagon Asset Management S.A. Grows Stock Position in PENN Entertainment, Inc. $PENN
Assenagon Asset Management S.A. significantly increased its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 47.6% in Q2, bringing its total holdings to 180,310 shares valued at $3.85 million. This move is part of a broader trend of institutional investors and hedge funds, which collectively own 91.69% of the company, modifying their positions. PENN Entertainment recently beat earnings estimates with $0.44 per share and saw a 5.2% revenue increase, leading analysts to a "Moderate Buy" consensus rating with an average target price of $23.53.
PENN Entertainment (PENN) Stock Looks Cheap On Sales While Online Risks Linger
PENN Entertainment (PENN) stock appears undervalued based on sales and various valuation checks, despite a 71% share price decline over the past five years. While its physical casino operations show strong performance, the company faces significant competition and profitability pressures in its online sports betting division. The key question is whether PENN can successfully translate its online investments into sustained, profitable revenue, determining if the current discount is an opportunity or a value trap.
Penn's Investments Sparking Demand Across Competitive Retail Gaming Industry
Penn Entertainment's strategic investments in its physical casino assets are expected to boost its competitive standing in the domestic commercial casino gaming market. While these developments, including new property openings, aim to improve performance, online gaming results face challenges due to competition. The company held a significant revenue share in 2025 and plans further projects through 2027.
PENN’s $20M Alberta Bet Fuels Canada-Led Push to Profitability
Penn Entertainment Inc. is investing $20 million in Alberta to expand its digital gambling business, aiming for profitability after significant losses. The company is focusing on Canada, particularly Ontario, where it has seen strong growth in online sports betting and casino revenues. While the Alberta investment is expected to cause a Q3 loss, PENN anticipates a turnaround in Q4, driven by Canadian market strength and a disciplined approach to high-value customers.
