PENN Entertainment, Inc. (PENN)

PENN Entertainment's stock price was impacted by several events in the past six months. The stock gained +16.8% after reporting its Fourth Quarter 2025 earnings, but subsequently drifted -5.9% lower in the 31 days after the earnings release. PENN reached an agreement with HG Vora Capital Management, adding three new directors to its board. S&P Global Ratings assigned a 'B-' issue-level rating to PENN Entertainment Inc.'s $500 million senior unsecured notes due 2031. The termination of PENN's exclusive U.S. online sports betting partnership with ESPN led to elevated losses in its interactive segment.

PENN Entertainment's demand is sensitive to overall economic conditions. Poor weather in December negatively impacted retail adjusted EBITDAR. The average age of PENN's customer base has decreased from 53 in 2019 to 44 in 2024. PENN's omnichannel integration strategy has shown success in driving customer engagement and spending across both physical and digital platforms.

PENN Entertainment, Inc. operates as an integrated provider of entertainment, sports content, and casino gambling. The company operates 43 properties across 20 states under brands such as Hollywood Casino, Ameristar, Boomtown, and L'Auberge. PENN has a digital presence, offering sports betting in 17 U.S. jurisdictions and online casino gaming in five, primarily through theScore Bet and the Hollywood Casino app. The company also owns the Canadian digital media company Score Media and Gaming.

PENN Entertainment operates 43 physical properties in 20 states within the United States. Its digital offerings extend to 17 and five U.S. jurisdictions, respectively. Through Score Media and Gaming, PENN has a presence in the Canadian digital media and sports betting market, notably with theScore Bet in Ontario. The company's headquarters are located in Wyomissing, Pennsylvania, U.S.

PENN Entertainment has focused on enhancing its brand reputation through various initiatives. The company has been recognized for its commitment to diversity and as a workplace. PENN also emphasizes environmental sustainability. PENN Entertainment partnered with Birches Health to expand responsible gaming resources. CEO Jay Snowden's stance against prediction markets highlights PENN's commitment to regulated gaming.

Approximately 82.44% of PENN Entertainment's stock is held by institutional investors, including BlackRock, Inc. and Vanguard Group Inc. Insiders own about 1.62%, while public companies and individual investors collectively hold 15.94% of the stock.