PENN Entertainment, Inc (PENN): Investor Discussion

PENN Entertainment Inc

Consumer, TMT


Presented:02/27/2024
Price:$17.63
Cap:$2.69B
Current Price:$18.51
Cap:$2.82B

Presented

Date02/27/2024
Price$17.63
Market Cap$2.69B
Ent Value$14.38B
P/E RatioN/A
Book Value$21.13
Div Yield0%
Shares O/S152.42M
Ave Daily Vol5,648,654
Short IntN/A

Current

Price$18.51
Market Cap$2.82B
PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, Interactive, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Interactive segment operates the online sports betting and casino applications. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

On February 27, 2024, DeMatteo Research hosted a discussion on PENN and the online sports betting landscape with four investors. The group shared thoughts on PENN’s land-based business, the competitive positioning of ESPN BET, management’s 2024 guidance for ESPN BET and 2025 breakeven target, the company’s strategy going forward, valuation, and activist involvement.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), DraftKings Inc (DKNG), Flutter Entertainment PLC (FLTR LN, FLUT), Netflix Inc (NFLX), Penn Entertainment Inc (PENN), Walt Disney Co/The (DIS)

Retail/Land-Based Segment

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