Caesars, Penn National prepare to announce earnings as gaming stocks heat up
Penn National’s share price recently topped $100 for the first time.
With sports betting becoming legal in state after state, and casinos riding a wave of popularity, interest in shares in gaming companies is rising.
As reported by Gaming America earlier this week, the price for one share of Penn National Gaming, Inc., which trades on the NASDAQ, topped $100 for the first time in history.
The company’s price closed 14 January at $106.43.
On Friday, Wyomissing, Pennsylvania-based Penn National said it will release its 2020 Q4 financial results at 7am ET on 4 February, and will host a conference call and simultaneous webcast at 9 am ET the same day. Both the call and webcast are open to the general public.
Penn National has expanded its footprint to 41 properties in 19 states, operating under the Hollywood, Ameristar, and L’Auberge brands.
Its wholly-owned Penn Interactive division operates a retail sports betting channel, along with online social casino, bingo and iCasino products. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool is exclusively promoting the company’s land-based and online casinos and sports betting products.
Caesars Entertainment, Inc., which also trades on NASDAQ, said it will release its financial results for the Q4 and full-year 2020 after the market closes on 25 February. The company will host a conference call that day at 5 pm ET to discuss its results and other matters.
Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars, Harrah’s, Horseshoe and Eldorado brand names.
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