Virginia Beach developer Bruce Smith and Cordish Companies picked for proposed Petersburg casino [Yahoo! Finance]
PENN Entertainment, Inc. (PENN)
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Source: Yahoo! Finance
“It still hasn't sunk in yet,” Smith said by phone Thursday afternoon. “I'm so excited about this opportunity.” Petersburg residents will still have to vote on whether to allow gaming through a referendum on the November ballot. If approved, the casino project will be the largest economic development and tourism project in Petersburg history. Four other companies — Bally's Corp., Penn Entertainment, Rush Street Gaming (which operates the Rivers Casino Portsmouth) and The Warrenton Group — also vied for the opportunity. The Petersburg City Council made the decision Wednesday night, according to a city spokesperson. In March, the General Assembly approved a bill which will allow Petersburg to host a casino, the fifth in the state. Petersburg invited developers earlier this year to bid on a project that would include a casino, hotel, event center and more. Smith and Cordish Companies have proposed a project on a 90-acre site at the intersection of Wagner Road and Interstate 95,
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PENN
News
- PENN Entertainment, Inc. (NASDAQ: PENN) had its price target lowered by analysts at Wells Fargo & Company from $21.00 to $18.00. They now have an "equal weight" rating on the stock.MarketBeat
- PENN Entertainment, Inc. (NASDAQ:PENN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PENN Entertainment, Inc. (NASDAQ: PENN) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- PENN Entertainment, Inc. (NASDAQ: PENN) had its price target lowered by analysts at Craig Hallum from $25.00 to $20.00. They now have a "hold" rating on the stock.MarketBeat
- PENN Entertainment, Inc. (NASDAQ: PENN) had its price target lowered by analysts at Barclays PLC from $26.00 to $22.00. They now have an "overweight" rating on the stock.MarketBeat
PENN
Earnings
- 5/2/24 - Miss
PENN
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/23/24 - Form ARS
- PENN's page on the SEC website