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Stock impact report

Penn National Gaming: A Touchdown In Massachusetts Ahead Of Q2 Earnings [Seeking Alpha]

PENN Entertainment, Inc. (PENN) 
Last penn entertainment, inc. earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
RgStudio/E+ via Getty ImagesPenn National Gaming (NASDAQ:PENNweaker-than-expected earnings compared to what was likely an environment of exuberance during the early stages of the pandemic. That being said, we highlight what are overall solid fundamentals and a positive outlook for a company that remains a leader in the emerging segment of online sports betting.A positive development is a report that Massachusetts is moving forward with itssports betting frameworkMassachusetts Gaming LawOn August 1st it was announced that the Massachusetts state legislators reached an agreement on a bill to legalize professional and college sports betting. Under the bill, anyone at least 21 years old placing a wager in the state will be subject to a 15% tax on in-person wagers at casinos and a 20% rate on online betting. The state believes it will raise upwards of $60 to $65 million per year in revenue which was a selling point for the deal to go through to raise funds for budgetary items like educatio Show less Read more
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