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PENN Entertainment, Inc. (PENN)
| Previous close | 16.28 |
| Open | 16.00 |
| Bid | 16.48 x 400 |
| Ask | 16.53 x 100 |
| Day's range | 15.88 - 16.70 |
| 52-week range | 15.88 - 31.63 |
| Volume | |
| Avg. volume | 5,567,225 |
| Market cap | 2.519B |
| Beta (5Y monthly) | 2.06 |
| PE ratio (TTM) | N/A |
| 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 |
- Yahoo Finance Video
Sports betting growth rates 'speak for themselves': Analyst
The 2024 Women's NCAA National Championship game set a record as the most bet-on female sports event, highlighting the rapid expansion of the sports betting industry. Needham & Co. Managing Director Bernie McTernan and Oppenheimer Equity Research Analyst for Consumer Internet Jed Kelly join Market Domination to discuss growth predictions for this sector. Kelly notes that the sports betting industry has the potential to grow over 30% this year alone, emphasizing that the numbers "speak for themselves." He explains that sports betting is being "widely adopted," with the audience starting to expand to a broader demographic as mobile apps make it easily accessible. Kelly says prominent industry players, such as DraftKings (DKNG), are beginning to demonstrate their ability to achieve profitability by "using the internet to get scale advantages," allowing them to quickly outpace traditional brick-and-mortar betting institutions like casinos. McTernan states that as sports betting and sports media become "more mainstream," he foresees continued growth in the sector. While some states have yet to fully embrace sports betting, he believes that "over time," widespread adoption will occur, as it is "something consumers want to be able to do." McTernan notes the NCAA game reflects the sports betting industry's focus on catering to consumer demand and expanding the range of sports available for wagering. However, he raised concerns about whether the industry's tactics, such as pre-made parlays, may be "bleeding customers dry". For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
- Insider Monkey
17 Biggest Sports Betting Companies in the US
In this article, we will look into the 17 biggest sports betting companies in the US. If you want to skip our detailed analysis, you can go directly to the 5 Biggest Sports Betting Companies in the US. Sports Betting Market According to research by Goldman Sachs, the US sports betting market has grown into […]
- Yahoo Finance Video
US casinos are becoming more 'recession resilient': Analyst
US commercial gaming revenue hit a new record last year, reaching $66.5 billion in 2023, up 10% year-over-year. Despite numerous economic headwinds and inflation, Americans placed large volumes of wagers and spent on experiences at casinos in 2023. John DeCree, CBRE Capital Advisors Head of Research and Director — Global Gaming, joins Yahoo Finance to discuss how commercial gaming companies and casinos will capitalize on this new record. DeCree elaborates on how the industry is changing and will have to solve mounting problems to continue the growth its seen: "It feels like probably the largest annual increase in operating expenses for casino companies we have seen in a long time. Wages are certainly a big piece of that and after a couple record years of profits, things are catching up, like employees wages. There's pretty significant renegotiating of union contracts that came this year, particularly in Las Vegas. So it is a headwind, I think we're looking at mid single-digit OpEx growth... I think they'll continue to find ways to mitigate costs in other places, and keep driving revenue..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
