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Stock impact report

Penn Reports 15% Online Casino Revenue Increase, Eyes Alberta Launch For Next Leap [Yahoo! Finance]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
away from sports betting and toward online casino is bearing fruit — with the biggest bounty to come after the Canadian province of Alberta launches both mobile sports betting and casino on July 13. “Canada is going to be our strongest margin market in North America, driven by volume and market share and by tax rate, and the fact that you have iCasino and OSB,” CEO Jay Snowden send on Thursday morning's Q1 earnings call. “Canada, for us, is market number one from a margin and profitability perspective. In the U.S., in the states that have both OSB and iCasino, we are going to see much stronger margins than the OSB-only states. We are of the opinion it is probably a matter of time before many of the OSB-only states turn to some form of iGaming, and we want to stay in the business and be ready when that day comes.” Penn now operates theScore Bet brand , which has its roots in the Canadian market. Still, Snowden alerted investors that he expects the Alberta launch to cost Penn more m Show less Read more
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