PENN Entertainment, Inc.
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PENN Entertainment (PENN) is investing $195 million to relocate and rebrand its New Orleans casino. The company's share price has seen mixed performance, with a YTD return of 20.20% but a 1-year return of -10.35%. Analysts suggest the stock is undervalued at $17.85, with a fair value estimate of $28.00, citing growth potential in hybrid gaming/hospitality.
PENN stock has gained 49% in six months, driven by strong retail performance and progress in its Interactive segment. The company's Interactive business saw a narrowed EBITDA loss and expects profitability in Q4. However, challenges include sports-betting volatility, competitive pressure, and substantial capital commitments. PENN trades at a discount to the industry, with a forward P/E of 12.58. Earnings estimates have declined, and the stock is rated a 'Hold' by Zacks.
PENN Entertainment expanded its casino footprint with recent projects driving Q2 2026 revenue and EBITDAR growth. The company raised its 2026 guidance, with more projects planned. Competitors like Boyd Gaming and Caesars Entertainment may pose challenges. PENN's stock gained 51.6% in six months, trading at a 12.47 forward P/E, with revised earnings estimates showing strong growth.
Over the past 7 days, alphai's AI scored 2 news stories mentioning PENN (PENN Entertainment, Inc.). Coverage has been balanced: 0 bullish, 2 neutral, and 0 bearish.
Recent PENN coverage spans corporate actions, earnings and insider activity.
In the last 30 days, PENN insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($298K). The most active reporter was Hartnett Johnny with 1 filing.
The sizable capital outlay signals confidence in the New Orleans market and could boost future revenue, but regulatory risk may temper short‑term price moves.
Improving Interactive profitability and revised guidance may support near-term price appreciation, but higher capital spending and competitive pressure pose downside risk.
Guidance upgrade suggests higher future cash flow and earnings potential.
Significant capex expands PENN's land‑based footprint, likely boosting long‑term earnings and cash flow.
The project is a multi-year capex and redevelopment catalyst that could improve unit economics and competitive positioning, but near-term impact depends on approvals and construction timelines.
alphai scores every news story that mentions PENN with an AI model for sentiment and relevance, and aggregates insider trades from PENN Entertainment, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
PENN Entertainment (PENN) is investing $195 million to relocate and rebrand its New Orleans casino. The company's share price has seen mixed performance, with a YTD return of 20.20% but a 1-year return of -10.35%. Analysts suggest the stock is undervalued at $17.85, with a fair value estimate of $28.00, citing growth potential in hybrid gaming/hospitality.
2 min readPENN stock has gained 49% in six months, driven by strong retail performance and progress in its Interactive segment. The company's Interactive business saw a narrowed EBITDA loss and expects profitability in Q4. However, challenges include sports-betting volatility, competitive pressure, and substantial capital commitments. PENN trades at a discount to the industry, with a forward P/E of 12.58. Earnings estimates have declined, and the stock is rated a 'Hold' by Zacks.
3 min readPENN Entertainment expanded its casino footprint with recent projects driving Q2 2026 revenue and EBITDAR growth. The company raised its 2026 guidance, with more projects planned. Competitors like Boyd Gaming and Caesars Entertainment may pose challenges. PENN's stock gained 51.6% in six months, trading at a 12.47 forward P/E, with revised earnings estimates showing strong growth.
2 min readPENN Entertainment Inc. plans to invest $195M to relocate its Boomtown Casino & Hotel New Orleans to a new land-based property, rebranding it as Hollywood Casino New Orleans. The project, pending regulatory approval, is expected to open in 2029 and will include 875 slot machines, 45 table games, and a retail sportsbook. PENN expects to finance the project with cash on hand or other liquidity sources.
2 min readPENN Entertainment said it will invest about $195M to replace its Boomtown Casino & Hotel New Orleans riverboat operation with a land-based Hollywood Casino New Orleans near the current Harvey, Louisiana site. The project, subject to regulatory approval, would add 875 slots, 45 table games, and a sportsbook, targeting a 2029 opening. PENN plans to fund mainly with cash on hand.
5 min readPENN Entertainment said it will phase out the Boomtown Casino & Hotel New Orleans riverboat and move operations to adjacent land, rebranding it as Hollywood Casino New Orleans. The $195 million project is pending regulatory approval, to be financed with cash on hand and possibly other liquidity sources. Expected opening is 2029. PENN shares were $18.90 late Monday.
3 min readPENN Entertainment reported Q2 2026 results on an earnings call. Total revenue rose to $1.86B, with retail revenue at $1.5B and retail adjusted EBITDAR of $517.2M. Interactive revenue was $349.4M, while interactive adjusted EBITDA loss narrowed to $9.5M. Management raised full-year retail revenue and retail EBITDAR guidance and refined interactive guidance; liquidity was $1.9B and net leverage improved to 5.9x.
6 min readHartnett Johnny sold (to issuer) 14,775 shares of PENN Entertainment, Inc. (PENN) at $20.18 ($0.30M total) on 2026-08-08.
1 min readPennsylvania Supreme Court ruled last month that many “games of skill” machines operating statewide are illegal slot machines, with enforcement starting Oct. 15 after a 120-day safe harbor. The decision could benefit racinos, including Hollywood Casino at Penn National Race Course, Parx Racing, and Presque Isle Downs, which generated about $51.9M for the Race Horse Development Fund in FY ended June. Churchill Downs CEO Bill Carstanjen said CDI expects added interest and is selling nine casinos i
6 min readAnalysts at BTIG, Truist Financial and Roth MKM reiterated bullish views on RealReal (REAL), Peloton Interactive (PTON) and PENN Entertainment (PENN). BTIG set a $17 target for REAL vs $12.77 close; Truist set $9 for PTON vs $5.51; Truist set $25 for PENN vs $20.13. Consensus targets were also higher than recent closes.
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