Penn lays off about 100 employees as it focuses on ESPNBet growth
Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. The company employs about 20,000 people.
Penn Entertainment Buyout Rumors Sizzle, Send Sports Betting Stock Up 13% In A Month
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.
PENN Entertainment (PENN) Expands Partnership With Ticketmaster
PENN Entertainment (PENN) has bolstered its industry-leading loyalty program by expanding partnership with Ticketmaster.
3 Sports Betting Stocks to Put On Your Radar
Earlier today, casino operator and sports betting company PENN Entertainment Inc (NASDAQ:PENN) was downgraded on valuation concerns.
Analyst Deems Casino Stock's Valuation 'Appropriate'
Raymond James downgraded PENN Entertainment Inc (NASDAQ:PENN) to "market perform" from "outperform" earlier today, with the analyst in question noting the security's recent gains made its valuation "appropriate.
PENN Stock Alert: Boyd Gaming Wants to Buy Penn Entertainment
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.
Penn Entertainment Shares Soar On Buyout Report: What Investors Should Know
Shares of PENN Entertainment PENN traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector.
Penn Entertainment Stock Soars as Activist Investor Calls for a Sale
Penn Entertainment (PENN) shares soared over 18% in intraday trading Friday after an advisory firm and activist investor said the operator of casinos, online gaming, and racetracks should look for a sale.
An Activist Investor Wants to Supercharge Penn Entertainment (PENN) Stock
Penn Entertainment (NASDAQ: PENN ) stock is a hot topic among traders on Friday alongside news that an activist investor sent a letter to its Board of Directors. Investment advisor Donerail Group is behind this letter and it's pushing for the company to sell itself.
PENN Entertainment: ESPN Bet Slowly Heading In The Right Direction
With lower revenue and greater losses, PENN Entertainment's first quarter earnings were a disappointment for investors. However, during the quarter, I believe the company made some positive steps for better management of ESPN Bet. As the stock valuation in terms of the P/S multiple is hovering around the historical bottom, I believe the stock price would show better performance in the coming months.
