Pennsylvania Skill games, powered by Pace-O-Matic, show positive impact on small businesses and fraternal groups, no impact on casinos [Yahoo! Finance]
PENN Entertainment, Inc. (PENN)
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Source: Yahoo! Finance
finances of casinos in Pennsylvania, according to Pace-O-Matic, developer of Pennsylvania Skill games. Mike Barley, Chief Public Affairs Officer for Pace-O-Matic, said the company's research, along with the state financial reports on casinos, verifies that skill games and casinos operate without cutting into each other's revenue. “We have looked at this issue from every angle,” said Barley, “and players who go to a bar to play skill games and those who travel to a casino to gamble are looking for two very different experiences.” Barley made the statement after PENN Entertainment CEO Jay Snowden recently talked about skill games' potential impact on casino operations. On a quarterly earnings call, Snowden said that changes affecting the skill game industry could have implications for casino performance, particularly on the retail side. “Clearly, if that moves in the direction that we hope it does, it would create some sort of a tailwind for us on the retail side,” Snowden said.
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- PENN Entertainment (PENN) had its price target raised by JPMorgan Chase & Co. from $22.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
PENN
Earnings
- 4/23/26 - Beat
PENN
Sec Filings
- 4/29/26 - Form 10-Q
- 4/29/26 - Form SCHEDULE
- 4/27/26 - Form ARS
- PENN's page on the SEC website