PENN Entertainment plans $195 million relocation of Boomtown Casino
PENN will build a landside Hollywood Casino New Orleans by 2029, replacing the existing riverboat property pending regulatory approval.
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Omnichannel gaming and entertainment company
pennentertainment.comLast updated
In short: PENN Entertainment reported higher Q2 revenue, opened new casinos, and planned a $195M New Orleans relocation.
PENN will build a landside Hollywood Casino New Orleans by 2029, replacing the existing riverboat property pending regulatory approval.
The company achieved $1.86 billion in revenue and reported a net income of $32.6 million, driven by strong performance across its retail and interactive segments.
This $360 million facility replaces the former riverboat with a modern casino, hotel, spa, celebrity dining, and sportsbook in Aurora, Illinois.
PENN highlights retail EBITDAR growth, strong iCasino momentum, and updated guidance targeting near-term deleveraging ahead of July Alberta launch.
As part of a cooperation agreement with investor HG Vora Capital Management to end a proxy battle between the two, PENN Entertainment (PENN) has appointed...
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PENN Entertainment (PENN) traded higher in early action on Thursday after the casino company slid past consensus estimates with its first-quarter earnings report. PENN (PENN...
WYOMISSING, Pa. - Berks County based PENN Entertainment says changes are coming to its boardroom as part of a settlement to end a lengthy proxy...
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