Previous Close | 24.80 |
Open | 25.34 |
Bid | 26.10 x 900 |
Ask | 26.50 x 900 |
Day's Range | 25.25 - 26.53 |
52 Week Range | 23.16 - 39.35 |
Volume | |
Avg. Volume | 2,643,709 |
Market Cap | 4.07B |
Beta (5Y Monthly) | 2.22 |
PE Ratio (TTM) | 6.19 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Key Insights The projected fair value for PENN Entertainment is US$19.79 based on 2 Stage Free Cash Flow to Equity PENN...
Key Insights Given the large stake in the stock by institutions, PENN Entertainment's stock price might be vulnerable...
BetMGM (MGM) is set to benefit from the live sports boom in Las Vegas. The digital arm of the casino operator MGM International is often used as a way to funnel online sports gamblers into MGM’s brick and mortar via what the company calls its “omnichannel” approach. Las Vegas is set to host part of the NCAA’s March Madness tournaments in two weeks, and gambling executives think it could make for the most lucrative month ever on the strip. But while Greenblatt is excited for this year's tournament he believes next year's Super Bowl could be an even bigger moment for vegas gambling operators. The Super Bowl is viewed in the industry as the single biggest acquisition moment for sports gambling companies. Having that large of an event in an area where sports gambling laws are looser than other states, would benefit sportsbooks to a level not seen since the legal ban was lifted in 2018. In the video above, Greenblatt sits down with Yahoo Finance's Dave Briggs and Josh Schafer to discuss the opportunity BetMGM sees in the space over the next year. Key video takeaways: 0:10 - Growth expected in 2024 1:00 Expectations for March Madness in 2023
DraftKings (DKNG) stock rose more than 15% on Friday after the company reported its fourth quarter results. Wall Street has closely watched the sportsbook operator's path to profitability for years and on Friday DraftKings announced its increased focus on cost-cutting will cause the company to lose less money in 2023 than initially anticipated. All of this coming while the company continues to report record revenue amid increased gambling legalization. "Our revenue was better than our prior guidance, primarily because of structural improvement in our Sportsbook hold and fundamentally better customer trends than we expected,"DraftKings CFO Jason Park told investors on Friday. "Customers are engaging more with our products and are less relying on promotions." DraftKings positive results didn't have much impact on the sector as a whole as MGM Resorts International (MGM), Penn Entertainment (PENN), Caesars Entertainment (CZR) and Wynn Resorts (WYNN) had muted stock reactions on Friday. Yahoo Finance's Seana Smith and Dave Briggs discuss from DraftKings' fourth quarter earnings call. Key Video takeaways: 0:15 DraftKings key numbers 0:25 Hear from DraftKings CFO Jason Park 1:00 Where DraftKings sits in the growth cycle 1:20 Wall Street's reactions to DraftKings results 2:00 How DraftKings compares to competitors
Citizens Capital Markets Head of Gaming & Leisure Investment Banking Christopher Lynch joins Yahoo Finance Live to discuss U.S. sports betting following Sunday night’s Super Bowl LVII, betting trends, customer acquisitions, and the outlook for sports betting.
An industry that’s been known for who is giving away the most free money to attract new customers is suddenly focused on how to make the most out of customers they already have.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Yahoo Finance Live anchors discuss Penn Entertainment earnings and what it says about sports betting adoption.
The regional casino operator benefits from consumers unleashing pent-up demand for away-from-home experiences.
It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...
Yahoo Finance Live checks out Bank of America's recent stock downgrades in the sports betting space.
Slowing consumer spending could weigh on the gaming sector in 2023.
Today we will run through one way of estimating the intrinsic value of PENN Entertainment, Inc. ( NASDAQ:PENN ) by...
Though the U.S. Men’s National Team qualified for the knockout stage of the World Cup on Tuesday, not everyone wins when America prevails on the soccer pitch.
A look at the shareholders of PENN Entertainment, Inc. ( NASDAQ:PENN ) can tell us which group is most powerful. And...
The schedule shift for the World Cup, which is typically held in the summer, is presenting conflicts for sports fans at a busy time in the American sports calendar, and it may leave the world’s largest sporting event as an afterthought for sports gamblers.
PENN Entertainment ( NASDAQ:PENN ) Third Quarter 2022 Results Key Financial Results Revenue: US$1.63b (up 7.5% from 3Q...
Viewing insider transactions for PENN Entertainment, Inc.'s ( NASDAQ:PENN ) over the last year, we see that insiders...
Tuesday will likely be when one of the fastest-growing industries in the U.S. comes to a screeching halt, thanks to two ballot measures in California that are expected to fail.
Ontario gamblers wagered more than $6 billion on sports, casino, and Esports in the province's new legal market, according to iGaming Ontario.
Sports gambling interest hasn’t wavered three weeks into the NFL season, according to multiple data points and Wall Street experts, which is why analyst sees DraftKings (DKNG) on a path to profitability by next year.
Sports gamblers in New Jersey now have a new way to profit off their favorite NFL player's success.
NFL season kicks off on Thursday night, marking not not only the return of America’s favorite sport but also the beginning of the most important yearly stretch for gambling companies looking for sports bettors.
Penn National (PENN) focuses on transitioning Barstool Sportsbook to theScore player account management and trading platform to drive growth. However, inflationary pressures are a concern.