UPDATE 3-U.S. high court paves way for states to legalize sports betting [Reuters]
PENN Entertainment, Inc. (PENN)
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Source: Reuters
U.S. high court paves way for states to legalize sports betting | Reuters 5 Min Read WASHINGTON (Reuters) - The U.S. Supreme Court on Monday paved the way for states to legalize sports betting in a defeat for the major American sports leagues, endorsing New Jersey’s bid to allow such wagering and striking down a 1992 federal law that prohibited it in most places. The court upheld the legality of a 2014 state law permitting sports betting at New Jersey casinos and horse racetracks and voided the federal Professional and Amateur Sports Protection Act. Some states see sports betting, like lotteries, as a potentially important source of tax revenue. The ruling, which sent shares in gaming companies and casinos higher in brisk trading, takes the United States a step closer to legal sports betting in numerous states, perhaps nationwide, rather than just in select places such as Nevada, home to the gambling capital Las Vegas. The current illegal sports betting market is worth billions of dol
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News
- Bear of the Day: PENN Entertainment (PENN) [Yahoo! Finance]Yahoo! Finance
- David Handler Bought 18% More Shares In PENN Entertainment [Yahoo! Finance]Yahoo! Finance
- 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
Earnings
- 5/2/24 - Miss
PENN
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- PENN's page on the SEC website