PENN Stock Recent News

Integrated gaming provider Penn Entertainment (NASDAQ: PENN ) — which provides sports content and casino experiences — saw its shares decline conspicuously on Thursday. Earlier in the day, the company announced that it would initiate job cuts to support growth for its sportsbook partnership, ESPN Bet.

Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. The company employs about 20,000 people.

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.

The casino industry has been in positive normalization as it attempts to recover to pre-pandemic levels for foot traffic and revenues. However, the digital sports betting and iGaming segment continue to expand as a benefactor of the pandemic lockdowns.

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) has bolstered its industry-leading loyalty program by expanding partnership with Ticketmaster.

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment Inc. (“PENN”) (Nasdaq: PENN) today announced that it has expanded its partnership with Ticketmaster to offer exciting new benefits for its more than 30 million loyalty members. Starting today, PENN Play members can redeem rewards for tickets to live events through Ticketmaster. Additionally, PENN will have on-site activations at five amphitheaters across the U.S., further enhancing the live event experience for PENN Play members. With the glo.

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 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.

Shares of PENN Entertainment PENN traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector.