Penn Entertainment Intrinsic Value – PENN Entertainment Rides the Sports Betting Wave with ESPN BET Partnership

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PENN ($NASDAQ:PENN) Entertainment is taking advantage of the growing sports betting industry by joining forces with ESPN BET. This partnership offers sports fans an exciting array of opportunities to engage with their favorite sports and activities. From daily fantasy sports to live and in-play betting, PENN Entertainment is empowering sports fans to make the most out of their passion. The company is committed to providing a secure and entertaining digital gaming experience, while adhering to the strictest standards of data security and gaming regulations across all of its markets.

By teaming up with ESPN BET, PENN Entertainment will be able to further expand its portfolio and offer customers an even more comprehensive gaming experience. This partnership is set to bring a wave of new excitement into the sports betting world, as PENN Entertainment and ESPN BET have already established a strong track record of delivering the highest quality betting experience to customers. As the sports betting industry continues to experience sustained growth, customers can expect to see even more innovative offerings from PENN Entertainment as it continues to ride the wave.

Price History

This news sent their stock up by 0.2%, opening at $25.0 and closing at $25.1. This marks the first time that PENN ENTERTAINMENT has ventured into the sports betting industry, and is sure to broaden their customer reach and expand their business opportunities. With the partnership between ESPN BET and PENN ENTERTAINMENT, both companies will be able to benefit from each other’s expertise and create a more successful venture for both entities. As of now, there are no further details on the partnership, but it’s clear that PENN ENTERTAINMENT has taken a big step into the sports betting market. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Penn Entertainment are shown below. More…

Analysis – Penn Entertainment Intrinsic Value

At GoodWhale, we have conducted an analysis of PENN ENTERTAINMENT‘s fundamentals. Our proprietary Valuation Line has determined that the fair value of a PENN ENTERTAINMENT share is around $56.7. However, at the moment the stock is currently trading at $25.1, undervalued by 55.8%. This presents a great buying opportunity for investors who are willing to take on the risk of investing in PENN ENTERTAINMENT. More…

Peers

The company has its headquarters in Wyomissing, Pennsylvania. Penn National Gaming Inc operates in the following segments: Gaming, Racing, and Hospitality. The company operates gaming facilities in Pennsylvania, Ohio, Louisiana, Illinois, Mississippi, and Maryland. The company was founded in 1969 and it employs around 26,000 people. Penn National Gaming Inc’s main competitors are DraftKings Inc, Caesars Entertainment Inc, and Boyd Gaming Corp. These companies are all gaming companies that operate in the United States.

– DraftKings Inc ($NASDAQ:DKNG)

DraftKings Inc is a digital sports entertainment and gaming company. It operates through two segments, Digital Sports and Gaming Platform, and Media Platform. The company was founded in 2012 and is headquartered in Boston, Massachusetts.

DraftKings Inc’s market cap is 5.93B as of 2022. The company has a Return on Equity of -105.71%.

DraftKings Inc operates a digital sports entertainment and gaming platform. The company offers daily fantasy sports, sports betting, and online gaming products. DraftKings Inc also operates a media platform that provides content and data products.

– Caesars Entertainment Inc ($NASDAQ:CZR)

Caesars Entertainment Inc is a gaming company that owns and operates casinos and resorts. As of 2022, the company has a market capitalization of 8.49 billion dollars and a return on equity of 19.66%. The company’s casinos are located in the United States, Canada, the United Kingdom, and Macau. The company’s resorts offer a variety of gaming, lodging, dining, entertainment, and retail options.

– Boyd Gaming Corp ($NYSE:BYD)

Boyd Gaming Corporation is an American gaming and hospitality company based in Las Vegas, Nevada. The company continues to be run by the Boyd family under the management of Sam Boyd, who founded the company in 1975. The company owns and operates 22 gaming properties in seven states. Boyd Gaming is the largest operator of casinos in Louisiana.

The company’s market cap is 5.71B as of 2022 and its ROE is 35.86%. The company operates 22 gaming properties in seven states and is the largest operator of casinos in Louisiana.

Summary

PENN Entertainment, a sports betting company recently partnered with ESPN BET, has potential to be a lucrative long-term investment. Analysts suggest that the company is investing heavily in research and development to ensure their sports betting services remain competitive and profitable. With their partnership with ESPN, PENN Entertainment is able to leverage the network’s massive platform to reach an even wider audience.

Their unique offering of free bets and betting bonuses also provides an incentive for customers to become loyal customers, allowing the company to capitalize on potential revenue opportunities. Furthermore, a team of highly experienced industry professionals works diligently to monitor the market and identify possible growth areas, ensuring that the company is able to sustain its growth and profitability.