We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PENN Debuts Stand-Alone Hollywood Casino App in Pennsylvania
Read MoreHide Full Article
PENN Entertainment, Inc. (PENN - Free Report) has taken a significant step in expanding the company’s digital gaming footprint with the launch of its stand-alone Hollywood Casino app in Pennsylvania. Built on PENN's proprietary technology platform, the app offers an immersive iCasino experience with more than 700 games, daily promotions and thrilling jackpots. This marks a pivotal move in PENN's strategy to strengthen its position in the competitive online gaming space.
The Hollywood Casino app, available on Android, iOS and desktop, ensures a seamless user experience. Customers can log in using their ESPN BET credentials, effortlessly transitioning between PENN’s sports betting and iCasino platforms. This integrated approach underscores PENN’s commitment to convenience and user engagement.
The app brings to life a diverse array of gaming options, including slots, table games and live dealer content. Leveraging the company’s four Hollywood Casino properties in Pennsylvania, PENN has created a digital platform that complements its retail offerings while strengthening brand loyalty. The app is also fully integrated with PENN Play, the company’s omnichannel loyalty program, allowing users to earn rewards like PENN Cash and access personalized benefits.
Looking ahead, PENN plans to expand Hollywood Casino into additional jurisdictions in 2025, pending regulatory approvals. This growth initiative indicates the company’s forward-thinking approach to capturing a larger share of the iCasino market.
PENN’s latest innovation not only enhances its digital portfolio but also solidifies the company’s reputation as a leader in the gaming industry. With strong synergies between online and retail gaming, PENN Entertainment is well positioned to deliver sustainable growth and value for its investors.
PENN Stock’s Price Performance
Shares of the company have lost 7.9% in the past six months against the industry’s growth of 8.9%.
Image Source: Zacks Investment Research
However, consistent business strategies and strong brand recognition might bring the stock back on track. It continues to focus on database growth and enhancing engagement through new technology, ongoing investments in gaming and non-gaming areas and partnerships in food and beverage. The company has been enhancing its iCasino product by adding new game titles from PENN Game Studios and expanding third-party content, while also strengthening PENN’s promotional offerings.
PENN currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the Zacks Consumer Discretionary sector have been discussed below.
CNK delivered a trailing four-quarter earnings surprise of 164.8%, on average. The stock has surged 118.7% in the past year. The Zacks Consensus Estimate for CNK’s 2025 sales indicates growth of 11.4% from the year-ago levels.
Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) currently has a Zacks Rank #2. NCLH delivered a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 26% in the past year.
The Zacks Consensus Estimate for NCLH’s 2025 sales and earnings per share (EPS) indicates growth of 8.4% and 25.4%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently carries a Zacks Rank #2. RCL delivered a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 89.1% in the past year.
The Zacks Consensus Estimate for RCL’s 2025 sales and EPS indicates growth of 9.5% and 23.8%, respectively, from the year-ago levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PENN Debuts Stand-Alone Hollywood Casino App in Pennsylvania
PENN Entertainment, Inc. (PENN - Free Report) has taken a significant step in expanding the company’s digital gaming footprint with the launch of its stand-alone Hollywood Casino app in Pennsylvania. Built on PENN's proprietary technology platform, the app offers an immersive iCasino experience with more than 700 games, daily promotions and thrilling jackpots. This marks a pivotal move in PENN's strategy to strengthen its position in the competitive online gaming space.
The Hollywood Casino app, available on Android, iOS and desktop, ensures a seamless user experience. Customers can log in using their ESPN BET credentials, effortlessly transitioning between PENN’s sports betting and iCasino platforms. This integrated approach underscores PENN’s commitment to convenience and user engagement.
The app brings to life a diverse array of gaming options, including slots, table games and live dealer content. Leveraging the company’s four Hollywood Casino properties in Pennsylvania, PENN has created a digital platform that complements its retail offerings while strengthening brand loyalty. The app is also fully integrated with PENN Play, the company’s omnichannel loyalty program, allowing users to earn rewards like PENN Cash and access personalized benefits.
Looking ahead, PENN plans to expand Hollywood Casino into additional jurisdictions in 2025, pending regulatory approvals. This growth initiative indicates the company’s forward-thinking approach to capturing a larger share of the iCasino market.
PENN’s latest innovation not only enhances its digital portfolio but also solidifies the company’s reputation as a leader in the gaming industry. With strong synergies between online and retail gaming, PENN Entertainment is well positioned to deliver sustainable growth and value for its investors.
PENN Stock’s Price Performance
Shares of the company have lost 7.9% in the past six months against the industry’s growth of 8.9%.
Image Source: Zacks Investment Research
However, consistent business strategies and strong brand recognition might bring the stock back on track. It continues to focus on database growth and enhancing engagement through new technology, ongoing investments in gaming and non-gaming areas and partnerships in food and beverage. The company has been enhancing its iCasino product by adding new game titles from PENN Game Studios and expanding third-party content, while also strengthening PENN’s promotional offerings.
PENN currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the Zacks Consumer Discretionary sector have been discussed below.
Cinemark Holdings, Inc. (CNK - Free Report) currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
CNK delivered a trailing four-quarter earnings surprise of 164.8%, on average. The stock has surged 118.7% in the past year. The Zacks Consensus Estimate for CNK’s 2025 sales indicates growth of 11.4% from the year-ago levels.
Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) currently has a Zacks Rank #2. NCLH delivered a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 26% in the past year.
The Zacks Consensus Estimate for NCLH’s 2025 sales and earnings per share (EPS) indicates growth of 8.4% and 25.4%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently carries a Zacks Rank #2. RCL delivered a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 89.1% in the past year.
The Zacks Consensus Estimate for RCL’s 2025 sales and EPS indicates growth of 9.5% and 23.8%, respectively, from the year-ago levels.