Penn National Gaming Stock News

Penn's wild run up to $142 a year ago was propelled by sports betting stock fever - not so much its brick and mortar network.

Tom Rogers, Engine Media executive chairman, joins CNBC's 'Squawk Box' to discuss mobile gambling in New York and what it means for sports betting companies.

Investors are apt to catch their mistake with these three tickers sooner than later.

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here.

DraftKings Shares Plunge As Customer Growth Disappoints DraftKings Inc. shares tumbled premarket after adding fewer users for the fourth quarter than Wall Street expected. Shares are down about 15% after the company said an average of 2 million monthly unique users used the sports betting app. Analysts were predicting upwards of 2.1 million. The company also forecasted a 2022 adjusted Ebitda guidance for a loss between $825 million to $925 million -- far greater than the highest forecast on Wall Street of $739 million. Highlights from today''s earnings release are provided by Bloomberg: The company says it had 2 million monthly unique paying customers during each month of the quarter, on average, slightly missing estimates for 2.1 million. It introduced 2022 adjusted Ebitda guidance for a loss between $825 million and $925 million, far bigger than estimates for a loss of about $699 million and the highest forecast for a loss of $739 million, data compiled by Bloomberg show. DraftKings did boost its 2022 revenue forecast to $1.85 billion to $2 billion from $1.7 billion to $1.9 billion.

NEW YORK , Feb. 17, 2022 /PRNewswire/ -- According to a year-end data report released by the European Gaming and Betting Association (EGBA) in partnership with H2 Gambling Capital, online gambling revenue in Europe is expected to grow by 19% this year, to US$99.5 billion gross gaming revenue (GGR). The growth in Europe''s online gambling market is expected to continue and be accelerated by the pandemic. Indeed, online GGR is expected to grow by around 9% per year and reach 41% of total gambling revenue in Europe by 2026, up from 26% in 2019. In addition, we see a fast increase in mobile gaming usage among consumers. Maarten Haijer, Secretary General, EGBA said that there is still significant scope for online development in markets such as France , Germany , Italy and Spain , where the online share of the total gambling market is still relatively small despite the online markets in these countries being relatively mature. Bragg Gaming Group (NASDAQ: BRAG ) (TSX: BRAG ), Penn National Gaming (NASDAQ: PENN ), Scientific Games Corporation (NASDAQ: SGMS ), Enthusiast Gaming Holdings Inc (NASDAQ: EGLX ) (TSX: EGLX ), and Bally''s Corporation (NYSE: BALY ) are companies playing in the online gambling sphere.

Penn National enjoys a growing demand from online sports betting, which is identified by the management to bring long-term growth.

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Domestic casino operator Penn National Gaming, Inc. (NASDAQ: PENN) stock made a spectacular rise from pandemic lows of $3.75 in March 2020 soaring to a high of $142 a year later only to collapsed to a

Earnings season started off with a bang in the casino industry.

With the Super Bowl incoming, many eyes are already looking toward the big game. Here are the top sports betting stocks to buy.

Yahoo Finance's Alexis Keenan details the state of sports betting in the U.S., how much many will be wagered over the Super Bowl, and the legality of betting by state.

The shares of Penn National Gaming (NASDAQ: PENN) observed a deep contraction in Q4 2021 along with its peers, Draft Kings and Flutter Entertainment, due to concerns of high competitive rivalry, the O