The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024.Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet.CEO Jay Snowden told staff members in an internal email that the changes will enhance operational efficiencies following its 2021 acquisition of Canadian media and gaming powerhouse theScore.The company employs about 20,000 people. "When PENN acquired theScore, we hit the ground running with the build-out of our proprietary tech stack a ...

Chamberlin joins Topgolf from PENN Entertainment Inc. DALLAS, July 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Erin Chamberlin has been named its new Chief Operating Officer beginning July 22. Chamberlin joins the company from PENN Entertainment Inc., the largest provider of gaming entertainment in North America, where she served as a Senior Vice President of Regional Operations since 2019.Erin Chamberlin joins Topgolf as Chief Operating Officer on July 22In her ne ...

Loading...Loading...Less than a month after a report that Boyd Gaming BYD was considering a buyout of casino and sports betting operator Penn Entertainment PENN, a new bidder has emerged.What Happened: FanDuel’s parent company, Flutter Entertainment FLUT, is considering teaming up with Boyd on a bid for Penn, according to TheDeal.com, citing unnamed sources.Boyd would reportedly acquire the brick-and-mortar casino business from Penn; Flutter would get the digital arm that currently includes the ESPN Bet spo ...

PENN Entertainment, Inc. (PENN) has taken a significant step to bolster its industry-leading loyalty program by expanding its partnership with Ticketmaster. This strategic move is set to provide more than 30 million PENN Play members with exciting new benefits, which will give them unprecedented access to live events.PENN Play members can now redeem their rewards for tickets to concerts, sporting events and shows through Ticketmaster. This initiative goes beyond just providing ticket access; it aims to crea ...

Earlier today, casino operator and sports betting company PENN Entertainment Inc (NASDAQ:PENN) was downgraded on valuation concerns. While PENN may be one of the more popular sports betting stocks, the sector has a few other names worth monitoring -- some more familiar than others. DraftKings Inc (NASDAQ:DKNG) stock is down 4% to trade at $38.39 after a price-target cut to $53 from $54 at Wells Fargo. The shares are on track for their fourth-straight loss, and have now shed more than 10% in the last four tr ...

文章核心观点 - 投资银行Raymond James将PENN Entertainment Inc (NASDAQ:PENN)的评级从"优于大市"下调至"市场表现"[1] - 分析师认为PENN的股价近期涨幅使其估值已经"合理"[1] 公司情况总结 - PENN股价最近一直维持在20日均线之上,但在接近20美元区域的涨势遭遇阻力,连续3个交易日下跌,同比去年下跌25.7%[2] - 过去10周内看跌期权交易活跃,PENN的50日平均看跌/看涨期权比率高于过去12个月88%的水平[3]

Penn Entertainment (NASDAQ:PENN) stock is in the news Friday as reports spread that the company has received an acquisition offer from Boyd Gaming (NYSE:BYD).According to these reports, Boyd Gaming is looking to acquire Penn Entertainment for more than $9 billion. However, there are several hurdles that Boyd Gaming would have to overcome first.The first of these is Penn Entertainment even taking part in negotiations. The offer from Boyd Gaming is unsolicited and may be ignored. There are also regulator issu ...

Loading...Loading...Shares of PENN Entertainment PENN traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector.What Happened: Penn Entertainment has been approached by Boyd Gaming BYD according to a new report from Reuters. The report comes as Penn shares are down 23% year-to-date in 2024 and the company has struggled to grow with its new ESPN Bet online sports betting platform.The deal could face challenges getting off the ground, with Body having a ...

PENN Entertainment Inc (NASDAQ:PENN) stock is up 1.1% at $16.26 at last check, despite a downgrade from Bank of America to "neutral" from "buy." The brokerage firm  changed its stance on the equity from growth opportunity to a "deep value turnaround."The shares are not too far removed from their May 2, four-year low of $15, and last week found a ceiling at the 20-day moving average. PENN Entertainment stock is already down 39.3% so far this year, but the $15 region looks positioned to contain any additional ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pen ...