Penn National Gaming, Inc. (PENN) News
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Latest PENN News From Around the Web
Below are the latest news stories about Penn National Gaming Inc that investors may wish to consider to help them evaluate PENN as an investment opportunity.
Penn National Gaming ([[PENN]] +1.2%) is holding up just fine after Deutsch Bank analyst Carlo Santarelli warned on the lacking fundamental and valuation support for the stock in a new note posted earlier today. "We think PENN has largely benefited from the retail community turning the ticker into an internet...
Penn National Gaming (PENN) is up a solid 4.98% after Rosenblatt Securities follows up on a JPMorgan note with a positive take on the casino operator as well. Naturally, Barstool featured prominently in the thesis. "Our test of the Barstool app, a successful launch in PA with minimal external marketing...
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Barstool Sports founder Dave Portnoy said on a recent podcast that his company could have been purchased by someone other than Penn National Gaming. What Happened: Portnoy revealed on the "Pomp" podcast with Anthony Pompliano last week that Barstool promoted itself to other betting companies before Penn National Gaming (NASDAQ: PENN ). This list includes FanDuel, owned by Flutter Entertainment (OTC: PDYPY ); DraftKings Inc (NASDAQ: DKNG ); and Points Bet, he said. “FanDuel specifically could have gotten us for far cheaper than Penn did,” Portnoy said. “I think [other operator] were too scared of controversy and me.” Portnoy said he was surprised FanDuel would not sign a deal. "These guys we were doing business with — who I liked — they’re not going to make an offer?" he said. "You f----...
Penn National Gaming ([[PENN]] -5.0%) is down sharply in what could be an overreaction to news that some Tennessee Titans players tested positive for COVID-19. While the COVID-19 development could impact games and scheduling, analysts note several professional leagues have cruised right around minor outbreaks without cancelling a season. There...
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Penn National Gaming Closes Public Offering of Common Stock, Raising Gross Proceeds of $982.1 Million
WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today announced that it has closed on its underwritten public offering of 16,100,000 shares of its common stock, $0.01 par value per share (the “Offering”). The Offering includes 14,000,000 shares of its common stock initially offered by the Company and 2,100,000 shares of its common stock issued pursuant to the option granted the underwriters, which the underwriters exercised in full
How Penn National Gaming will win in sports gambling.
Penn National Gaming, Inc (NASDAQ: PENN ) shares are up 281.9% in the past year, but they have struggled in the last week following the company’s $854 million equity offering last week. On Monday, one analyst said investors shouldn’t sweat the offering given positive initial data on the recently launched Barstool Sportsbook app. The Penn Analyst: Bank of America analyst Shaun Kelley reiterated his Buy rating and $85 price target for Penn. The Penn Thesis: Some investors were skeptical after Penn followed the launch of the Barstool Sportsbook app with a large equity offering priced at $61 per share. The company said the proceeds will be used for investments such as technology, building brick-and-mortar sportsbooks and improving the … Full story available on Benzinga.com
Penn National Gaming (PENN) is looking for a second straight strong weekend of action from its Barstool sports betting app with the college football schedule starting to fill up with higher profile games.As part of Penn's capital raise a few days ago, the company released information on the opening weekend...