Penn Entertainment's sports betting brand ESPN Bet announced that it will launch a new feature called FanCenter this month, creating an unprecedented personalized betting experience for fantasy football players. This feature is considered one of the most breakthrough products after the integration o
ESPN plans to officially launch its new direct-to-consumer (DTC) streaming platform this fall, with a monthly fee set at $29.99. ESPN Chairman Jimmy Pitaro said that this move will be one of the "biggest transformations" in ESPN's history, and the new platform will also integrate enhanced sports bet
The commercial division of the Major League Baseball Players Association (MLBPA), MLB Players, and OneTeam Partners have announced a partnership with PENN Entertainment.The agreement designates PENN's sports betting platforms, ESPN BET in the USA, and theScore Bet in Canada as the official licensed
Penn Entertainment has rolled out its Hollywood Casino online gaming app in New Jersey, US. The Garden State launch follows its go-live in Pennsylvania and Michigan. As with the app in the latter two states, Penn has incorporated account linking between Hollywood Casino and its ESPN Bet app. “We’
Penn Entertainment to Consider HG Vora’s Board NominationsThe provider of integrated entertainment, sports content, and casino gaming experiences across five segments, Penn Entertainment (PENN), has found itself involved in a proxy fight with its shareholder, HG Vora Capital Management.The latter is
J.P. Morgan has raised its fourth-quarter adjusted earnings’ estimate for Penn Entertainment on the back of a stronger-than-expected showing for regional gaming operators, but suggested cold and snow are likely to impact the start of 2025.Analyst Joseph Greff released a note to investors citing stat
ESPN Bet has officially launched in Washington D.C., in collaboration with Penn Entertainment and Monumental Sports & Entertainment, providing a sports betting platform for local fans.As part of the agreement, ESPN Bet has been designated as the betting partner for Monumental's teams, including the
Casino and gaming operator Penn Entertainment has rebranding 10 more retail sportsbooks with its ESPN Bet brand, joining ESPN Bet sportsbooks in Kansas, Louisiana, Maryland, Michigan and Ohio.The company will launch ESPN Bet sportsbooks at Ameristar Casino Hotel Council Bluffs in Iowa; Hollywood Cas
Deutsche Bank is projecting no change in the value of Penn Entertainment shares in 2025, issuing a Hold rating and noting the challenges of ESPN Bet."While challenging, given the trajectory to date and the market expectation that Interactive losses minimize materially in 2025, improvements in 2025 w
A $206 million expansion at M Resort is underway some 26 months after owner Penn Entertainment announced plans to double the Henderson casino’s hotel capacity.The timing is perfect, said Penn Executive Vice President of Regional Operations Todd George.The Henderson market has lost two casinos since
Penn Entertainment and its embattled ESPN Bet subsidiary received boosts from J.P. Morgan analyst Joseph Greff in a December 12 investor note. He raised his rating on Penn stock from Neutral to Overweight. Greff also ratcheted his price target up from $19 per share to $27 each.Greff admitted at the
Penn Entertainment introduced Multiplayer Blackjack on its Hollywood Casino platform in New Jersey last week, which is going to enhance the interaction between players.The new game on Hollywood Casino NJ includes features that provides “heightened interaction” with other online casino players, accor
Penn Entertainment shares fell in early trading Wednesday following a downgrade from Bank of America, which lowered its rating to “neutral” from a prior recommendation. Analyst Shaun Kelley attributed the change to what he described as a “balanced” risk-reward outlook, assigning a price target of $2
The bad news that emerged from Penn Entertainment’s investor’s call Thursday morning was the company posted losses of $37.5 million.The good news was that those losses weren’t as bad as analysts expected.“Penn described its land-based casino customer as stable in the retail business, offset by unfav
There has been pressure on Penn Entertainment‘s product, ESPN Bet, to perform during this football season. Yet, with one full month of data in the books, ESPN Bet has not gotten off to the start it would have hoped for in Pennsylvania.However, ESPN Bet PA could get a boost in the Keystone over the n
Penn Entertainment says a new account linking function between ESPN Bet and the ESPN website will create an “even more deeply integrated media and betting experience.” A prompt function to link accounts has been added to the ESPN Bet app. Customers can also manually link accounts via the settings
