|Bid||25.50 x 800|
|Ask||25.62 x 1000|
|Day's Range||24.51 - 25.69|
|52 Week Range||18.35 - 36.66|
|Beta (5Y Monthly)||2.13|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Penn Entertainment (PENN) closed higher Tuesday after the company launched ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, in 17 states after dropping Barstool Sportsbook. According to the AP, Penn will pay $1.5 billion over the next 10 years for exclusive rights to the ESPN name. According to Disney (DIS): "ESPN BET will become ESPN’s exclusive sportsbook, and PENN Entertainment will receive odds attribution, promotional services inclusive of digital product integrations, traditional media and content integrations, and ESPN talent access, among other services." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Penn Entertainment (NASDAQ: PENN) was one of the market darlings during the pandemic as investors thought it could play a big role in online gambling after the Barstool Sports acquisition. On top of the Barstool debacle, the 2018 acquisition of Pinnacle Entertainment left the company with $2 billion of debt just in time for the pandemic to impact the business.
PENN Entertainment, Inc. (NASDAQ:PENN) Q3 2023 Earnings Call Transcript November 2, 2023 PENN Entertainment, Inc. beats earnings expectations. Reported EPS is $1.21, expectations were $0.33. Operator: Greetings, and welcome to the Penn Entertainment Third Quarter 2023 Results Conference Call. [Operator Instructions]. I would now like to turn the conference over to Mr. Joe Jaffoni, Investor […]