
PENN Entertainment ($PENN) has announced it will report its third-quarter results and host a conference call and webcast on November 7. The company expects its Q3 retail operations adjusted EBITDAR to be in the range of $465 million to $475 million. Following this pre-announcement, Penn Entertainment's stock rose by 5%, reaching $19.50. Additionally, the company reported a narrower loss in its ESPN Bet online gambling business compared to previous forecasts, while facing challenges in its interactive casino business.
Penn Entertainment, which operates the ESPN Bet online gambling business, said the third-quarter loss from its interactive casino business was narrower than previously forecast https://t.co/Qs1qoIJGzm
$PENN | Penn Entertainment Sees Narrower Loss in ESPN Bet, Faces Casino Challenges https://t.co/CMjinwLj73
$PENN Penn Entertainment up 5% at $19.50 after Q3 pre-announcement