What sector is PENN in?

PENN Entertainment, Inc. is classified under GICS Consumer Discretionary (Casinos & Gaming).

What is PENN's last close price?

PENN last closed at $21.27 on 2026-07-16.

PENN

NASDAQNext earnings·Jul 236dAnalystsBuy·19+5%

PENN Entertainment, Inc.

Consumer Discretionary · Casinos & Gaming

$21.27last close

+21.1%~252d

Price

+21.06% over 1Y

4 auto-fib

Thesis

as of 2026-07-16

Bull case

Structural: hybrid bricks-and-clicks gaming operator - retail casino cash-cow funds a digital sports-betting build-out. 4B adj. EBITDA run-rate) is stable but no-growth; digital is the entire equity story. ESPN BET launched Nov-2023 after PENN sold Barstool back to Portnoy for $1 (writing down ~$850M); license carries fixed ~$150M/yr marketing payments to $DIS through 2033 plus ~$500M of $DIS warrants struck around $26.

ESPN BET market share stuck mid-single-digits but $DIS exit clause kicks in only if share stays under 10% through 2026 - a single hit product cycle or NBA-season conversion lift re-rates equity sharply; retail floor of ~$13-15/sh on casino EBITDA alone caps downside; insider buying through 2025.

Bear case

6B net debt + $2B operating leases limits buyback capacity.

•Nov-2023 - 10-year exclusive ESPN BET brand license from $DIS: ~$1.5B fixed payments + ~$500M warrants (strike ~$26); $DIS opt-out if market share under 10% at Y3.
•Aug-2023 - sold Barstool Sports back to Dave Portnoy for $1 + revenue-share, after $551M acquisition (2020) + ~$388M follow-on. Net writedown ~$850M.
•2021 - acquired theScore (Score Media & Gaming) for ~$2B; now powers ESPN BET tech stack and runs the Canadian sportsbook.

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Frequently asked questions

What sector is PENN in?: PENN Entertainment, Inc. is classified under GICS Consumer Discretionary (Casinos & Gaming).
What is PENN's last close price?: PENN last closed at $21.27 on 2026-07-16.