Santarelli highlighted ESPN Bet’s pivotal role in determining Penn Entertainment’s future journey. He acknowledged that the stock’s multiyear underperformance was interesting, but insisted on a cautious approach, citing ESPN Bet as a major factor in its future stock performance.
In March, Penn Entertainment CEO Jay Snowden expressed satisfaction with the success of ESPN BET, which was launched in 17 U.S. states, with 1.1 million downloads in its first week. Snowden expects further growth in sportsbooks, especially with upcoming improvements ahead of the football season, aiming to improve Penn Entertainment’s revenue, market share, and overall growth. 메이저 토토사이트
Despite the challenges that analysts in digital expected, Penn’s brick-and-mortar casinos were rated as stable performers. There was also optimism about Penn Entertainment’s future upgrade and maintenance programs, scheduled for 2024-2025. The plans include building new hotel towers at M Resort and Hollywood Columbus, and new casinos at Hollywood Joliet and Hollywood Aurora.