PENN Entertainment Partners with Quail Hollow Club to Expand Reach
December 8, 2023
☀️Trending News
Penn Entertainment ($NASDAQ:PENN), a leading entertainment and media company, has recently announced a partnership with Quail Hollow Club, a nationally renowned golf course in North Carolina. The agreement will allow Penn Entertainment to leverage Quail Hollow Club’s strong reputation and expansive reach to help further establish their own presence in the industry. Penn Entertainment’s impressive portfolio of products and services spans the entire entertainment industry. They are known for producing critically acclaimed feature films, television series, digital content, and live events.
In addition, they also own a network of theaters, gaming venues, and streaming services. Penn Entertainment has recently become a publicly traded entity on the NASDAQ stock exchange, offering potential investors the opportunity to purchase shares in the company. The partnership with Quail Hollow Club is a powerful step forward for Penn Entertainment. Quail Hollow Club is one of the most prominent golf courses in the country, hosting prestigious tournaments such as the PGA Tour Championship and the Wells Fargo Championship. The partnership between Penn Entertainment and Quail Hollow Club is yet another example of how the entertainment industry continues to grow and expand. With this agreement in place, Penn Entertainment is now poised to become an even larger force in the industry.
Price History
On Tuesday, PENN ENTERTAINMENT, a leading provider of entertainment services, announced their partnership with Quail Hollow Club in Charlotte, NC. This step further expands PENN ENTERTAINMENT’s reach across the United States and beyond. Following the announcement, PENN ENTERTAINMENT’s stock opened at $24.8 and closed at $23.9, down by 4.0% from the prior closing price of 24.9.
The partnership will enable PENN ENTERTAINMENT to provide a wider range of services to their customers, including access to Quail Hollow Club’s renowned golf course. PENN ENTERTAINMENT is confident that this partnership will strengthen their relationship with existing customers and aid in generating new business opportunities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Penn Entertainment. More…
| Total Revenues | Net Income | Net Margin |
| 6.55k | -111.2 | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Penn Entertainment. More…
| Operations | Investing | Financing |
| 765.5 | -258.6 | -853 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Penn Entertainment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.03k | 12.82k | 27.88 |
Key Ratios Snapshot
Some of the financial key ratios for Penn Entertainment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | 43.4% | 7.8% |
| FCF Margin | ROE | ROA |
| 7.3% | 7.6% | 1.9% |
Analysis
GoodWhale has conducted an analysis of PENN ENTERTAINMENT‘s wellbeing and the results are in. Our Star Chart shows that PENN ENTERTAINMENT has a high health score of 7/10 with regard to its cashflows and debt, indicating it is capable to pay off debt and fund future operations. Additionally, based on our analysis, we have classified PENN ENTERTAINMENT as a ‘rhino’, which we conclude to be a company that has achieved moderate revenue or earnings growth. Given this information, we believe that PENN ENTERTAINMENT may be of interest to value investors who are looking for a company that is strong in cashflow and debt with moderate growth, as well as those looking for a company with moderate profitability and weak asset and dividend returns. 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 is a publicly traded company that has recently entered into a partnership with Quail Hollow Club. The move has caused some investors to be wary as the stock price dropped on the same day.
However, upon closer inspection of the partnership, investors may find that the move is beneficial to the company’s growth and overall success. Penn Entertainment is now able to leverage the Quail Hollow Club’s resources, which could help increase profitability and expand its customer base.
Additionally, the partnership will allow Penn Entertainment to benefit from the Quail Hollow Club’s vast network of contacts and resources, which could bring new opportunities for collaboration and growth. While it may be too early to make definitive statements about the partnership, it is reasonable to conclude that it could potentially be beneficial for Penn Entertainment’s future success.
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