Penn Entertainment is pulling back on sportsbook promotional spending this football season, a disciplined strategy that Wall Street analysts have praised following the company’s Q2 earnings.
Penn Entertainment posted $1.5B in Q2 2026 revenue as CEO Jay Snowden addressed rough June sportsbook results, prediction market competition, Pennsylvania skill games, and Las Vegas M&A plans.
Penn Entertainment is shifting its digital focus toward online casino after ESPN Bet failed to break through the FanDuel-DraftKings duopoly that controls nearly 70% of U.S. sports betting gross gaming revenue.
Penn Entertainment is shutting down its longtime Hollywood Casino Aurora riverboat on June 10 and shifting operations to a new $360 million land-based casino property that opens June 24, marking the end of an era for one of the Chicago…
With Fertitta Entertainment acquiring Caesars for $17.6 billion and Barry Diller bidding $18 billion for MGM Resorts, Wall Street analysts say the gaming sector is ripe for a broader wave of M&A, and they have a list of potential next…
PENN Entertainment reported Q1 revenue of $1.78B, up 6.4%, with adjusted EPS of $0.11 beating estimates. iCasino hit a record quarter while the Alberta launch is projected to cost $20M in 2026.