PENN Entertainment Inc
PENN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $47.00 | Yjsv | Ddbckftj |
Penn's Digital Business Should Benefit From Further Product Integration
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Business Strategy and Outlook
Penn Entertainment has a leading omnichannel presence, which includes 43 physical casino assets, a digital portfolio encompassing an upgraded sports betting partnership with ESPN that launched in November 2023, iGaming, media, and a loyalty membership base of over 30 million. We estimate Penn held around a high-single-digit percentage revenue share of the $66.5 billion domestic commercial casino gaming market in 2023.