MARKET COMPOSITE
PENN - Penn National Gaming, Inc.9:00:00 PM 2/20/2024
Price
$17.27
-1.34 (-7.18%)
Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania. It operates 43 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports. Penn formed a corporate spin-off in November 2013 called Gaming and Leisure Properties. In 1967, Pennsylvania enacted a law allowing thoroughbred horse racing with parimutuel wagering. Two companies that would later form part of Penn National Gaming were founded in 1968 by groups seeking one of the four available racing licenses: Pitt Park Raceway, Inc., formed by several Erie area businessmen, and the Pennsylvania National Turf Club, established by a group of Central Pennsylvania investors. The Turf Club was awarded one of the licenses, and soon began construction on Penn National Race Course. The complex included a motor speedway, which held its first races in 1971, and the horse track, which opened in 1972.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue1.6B-3%
Operating Income-786.4MM-483%
Operating Expenses2.4B-
Net Income-724.8MM-1024%
G&A406.4MM+7%
Amortization14.3MM-20%
Interest Expense119.2MM+2%
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Stock news

    PENN Entertainment ( NASDAQ:PENN ) Full Year 2023 Results Key Financial Results Revenue: US$6.36b (flat on FY 2022...

    (Bloomberg) -- Van Eck Associates Corp. failed to properly disclose the role of controversial social-media influencer Dave Portnoy, founder of Barstool Sports Inc., in helping promote the launch of an exchange-traded fund in 2021, according to the US Securities and Exchange Commission.Most Read from BloombergTrump, Sons and Associate Hit With $364 Million Fraud FineAlexey Navalny, Jailed Activist Who Defied Putin, Dies at 47Wall Street Ends Wild Week on Sour Note After PPI: Markets WrapHawaii Ri

    PENN Entertainment, Inc. (NASDAQ:PENN) Q4 2023 Earnings Call Transcript February 15, 2024 PENN Entertainment, Inc. misses on earnings expectations. Reported EPS is $-2.37 EPS, expectations were $-0.57. PENN Entertainment, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and […]

    It's gone from bad to worse for Penn Entertainment.

    Shares of casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) fell 13.6% in the morning session after the company reported fourth-quarter results, with revenue and operating margin falling short of Wall Street's estimates. Notably, the topline performance was weak, with revenue down -12% year on year. The declining revenue impacted profitability ratios, with gross and operating income also falling year on year. Overall, this was a mediocre quarter for PENN Entertai

    AppLovin (APP) shares are climbing Thursday after the mobile app advertising company posted strong fourth-quarter earnings results and issued an upbeat 2024 outlook, fueled by holiday ad demand. Penn Entertainment (PENN) stock is declining following a fourth-quarter revenue miss reported by the gaming and sports betting company. Ford (F) CEO Jim Farley explains the company's growth strategy and the need to price new EVs higher due to production costs. For more expert insight and the latest marke...

    Interactive Segment Grows as Company Faces Adjusted EBITDAR Decline

    Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) fell short of analysts' expectations in Q4 FY2023, with revenue down 12% year on year to $1.40 billion. It made a GAAP loss of $2.37 per share, down from its profit of $0.13 per share in the same quarter last year.

    WYOMISSING, Pa., February 15, 2024--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) today reported financial results for the three months and year ended December 31, 2023.

    Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) will be reporting results tomorrow before market hours. Here's what investors should know.