PENN Entertainment Inc
Penn lays off about 100 employees as it focuses on ESPNBet growth
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty Images Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational […]
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Shares producing the largest moves midday: SolarEdge Systems, Pool Corp., Carnival and more
Verify out the corporations making headlines in midday trading: SolarEdge Systems — Shares of the company tumbled 20.6% next the announcement that it will offer $300 million worthy of of convertible notes due 2029. The business also unveiled in a U.S. Securities and Trade Commission filing on Monday that a shopper will not likely be […]
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Stocks producing the largest moves midday: Sarepta Therapeutics, Hertz International, Asana and additional
Look at out the businesses creating headlines in midday buying and selling. Sarepta Therapeutics — Shares of the biopharma organization surged 33% just after the U.S. Foods and Drug Administration accepted the expanded use of the firm’s gene therapy Elevidys for Duchenne muscular dystrophy. The Food and drug administration granted standard acceptance of the treatment […]
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Stocks generating the most important moves premarket: GameStop, Nvidia, Intel, Kenvue and additional
Look at out the businesses creating headlines just before the bell. GameStop — GameStop shares rallied additional than 37% in the premarket after “Roaring Kitty” posted for the initially time in about 3 a long time . The write-up, a image on X of a video clip gamer leaning ahead on their chair as to […]
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Disney technology executive Aaron LaBerge to leave company for personal reasons
The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Michael M. Santiago | Getty Images Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is taking a job as […]
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Barstool’s Dave Portnoy won $2.7 million betting on UConn in NCAA men’s final
Barstool founder and CEO Dave Portnoy is seen before the Florida Atlantic Owls and Loyola (Il) Ramblers game in the Barstool Invitational at Wintrust Arena on November 8, 2023 in Chicago, Illinois. Michael Hickey | Getty Images Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win over Purdue Monday night […]
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Largest U.S. sportsbooks join forces to tackle problem gambling
Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem gamblers. The seven operators — FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 — will form the Responsible Online […]
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DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. Here’s what DraftKings reported compared with what Wall Street […]
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Shares creating the largest moves midday: Cisco Programs, Twilio, Tremendous Micro Personal computer and a lot more
Check out out the corporations making headlines in midday investing. Cisco Techniques — The tech firm’s shares dropped 4.4% just after it posted declining fiscal second-quarter profits. Cisco also issued a lighter-than-expected forecast for the third quarter and declared a downsizing prepare that would guide to a 5% reduction in careers . Twilio — The […]
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ESPN Bet plans launch in New York, the largest U.S. betting market
ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the same amount Wynn paid New York state to operate there. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting […]
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