$PENN

PENN Entertainment, Inc.

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Goldman cuts regional casino revenue outlook on August slowdown

Goldman Sachs reported a slowdown in regional casino revenues in August, with declines in Iowa, Indiana, and Kansas. Caesars Entertainment (CZR) saw an 8% revenue drop, Penn Entertainment (PENN) reported a 1% increase, and Boyd Gaming (BYD) experienced a 3% decline. The bank attributed the weakness to calendar shifts, including Labor Day.

Penn Entertainment breaks ground on $200M Iowa casino

Penn Entertainment (PENN) is investing $180M-$200M to build a new casino in Iowa, replacing its Ameristar Council Bluffs riverboat casino. The project will take 18-24 months, create 450 jobs, and add 1,000 slot machines, 25 table games, and a Shake Shack. CEO Jay Snowden highlights the company's focus on organic growth and market strengthening.

Nebraska line will feature area’s first Shake Shack – CDC Gaming

Penn Entertainment began construction on an $180M-$200M Hollywood Casino in Council Bluffs, replacing the Ameristar riverboat. The 2028 project includes 1,000 slot machines, 25 table games, and new restaurants like Shake Shack. Existing hotel and dining facilities will remain, according to the company.

PENN sentiment & insider activity

Over the past 7 days, AlphAI's AI scored 4 news stories mentioning PENN (PENN Entertainment, Inc.). Coverage has skewed bullish: 3 bullish, 1 neutral, and 0 bearish.

Recent PENN coverage spans corporate actions, earnings and sector analysis.

What's driving PENN

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.

News on $PENN

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$CZRMed

Goldman cuts regional casino revenue outlook on August slowdown

Goldman Sachs reported a slowdown in regional casino revenues in August, with declines in Iowa, Indiana, and Kansas. Caesars Entertainment (CZR) saw an 8% revenue drop, Penn Entertainment (PENN) reported a 1% increase, and Boyd Gaming (BYD) experienced a 3% decline. The bank attributed the weakness to calendar shifts, including Labor Day.

$PENNMed

Penn Entertainment breaks ground on $200M Iowa casino

Penn Entertainment (PENN) is investing $180M-$200M to build a new casino in Iowa, replacing its Ameristar Council Bluffs riverboat casino. The project will take 18-24 months, create 450 jobs, and add 1,000 slot machines, 25 table games, and a Shake Shack. CEO Jay Snowden highlights the company's focus on organic growth and market strengthening.

Penn Entertainment Announces Groundbreaking Ceremony For New Hollywood Casino Hotel Council Bluffs

PENN Entertainment (PENN) announced a groundbreaking ceremony for Hollywood Casino Hotel Council Bluffs, set to open in 2028. The $180–$200 million project will replace the Ameristar Council Bluffs riverboat casino and create 450 construction jobs and 50 permanent roles. The new facility will feature 1,000 slots, 25 table games, and new dining options. PENN may finance up to $150 million from GLPI (GLPI) at a 7.10% cap rate.

$PENNMed

PENN Entertainment (PENN) Swings To Profit As Debt Comes Down

PENN Entertainment reported Q2 2026 net income of $32.6M, up from a $18.3M loss in 2025, with revenue at $1.86B. Retail segment revenue hit $1.5B, while Interactive segment lost $9.5M. Debt decreased to $1.93B, and liquidity rose to $1.9B. The company refinanced loans and repaid convertible notes.

$PENNMedAI 8/10

PENN Stock Gains 49% in Six Months: Should You Buy, Sell or Hold?

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.

$PENNHighAI 8/10

PENN Expands Its Casino Footprint: Can New Projects Drive Growth?

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.

PENN Entertainment announces plans for Boomtown Casino New Orleans property

PENN 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.

PENN Unveils $195M Hollywood Casino New Orleans Project

PENN 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.

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