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PENN Entertainment Inc

DraftKings reverses plans for a user tax as FanDuel wows Wall Street

by Adrian Jhonsan
DraftKings reverses plans for a user tax as FanDuel wows Wall Street

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even …

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Categories World

Stocks making the biggest moves premarket: GME, NVDA, INTC, KVUE

by Albert Wagner
Stocks making the biggest moves premarket: GME, NVDA, INTC, KVUE

Check out the companies making headlines before the bell. GameStop — GameStop shares rallied more than 37% in the premarket after “Roaring Kitty” posted for the first time in roughly …

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Categories Trending Now

Jim Cramer’s top 10 things to watch in the stock market Friday

by Adrian Jhonsan
Jim Cramer’s top 10 things to watch in the stock market Friday

My top 10 things to watch Friday, May 3 The Dow , the S & P 500 and the Nasdaq set to surge at Friday’s open, moving a leg higher …

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Categories World

Disney CTO Aaron LaBerge to leave company for personal reasons

by Adrian Jhonsan
Disney CTO 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 …

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Categories World

ESPN Bet plans launch in New York, the largest U.S. betting market

by Adrian Jhonsan
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 …

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Categories World

Disney revealing ESPN’s financials is a key step in CEO Iger’s turnaround

by Adrian Jhonsan
Disney revealing ESPN’s financials is a key step in CEO Iger’s turnaround

Disney ‘s (DIS) first-ever breakout of ESPN’s financials is another key step in CEO Bob Iger’s turnaround for the embattled entertainment giant, displaying a stable top line and plenty of …

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Categories World

Casino workers go on strike in Detroit

by Monica Lozano
Casino workers go on strike in Detroit

MGM Resorts International’s MGM Grand Detroit hotel stands in Detroit, Michigan, Oct. 30, 2013. Bryan Mitchell | Bloomberg | Getty Images Auto workers aren’t the only ones on strike in …

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Categories Travel

Netflix, Etsy, HP, Visa and more

by Adrian Jhonsan
Netflix, Etsy, HP, Visa and more

Striking Writers Guild of America members walk the picket line in front of Netflix offices in Los Angeles, July 12, 2023. Mike Blake | Reuters Check out the companies making …

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Categories World

CEO of Penn Entertainment Declares Portnoy as the Inherent Owner of Barstool

by Adrian Jhonsan
CEO of Penn Entertainment Declares Portnoy as the Inherent Owner of Barstool

Penn Entertainment CEO Jay Snowden told CNBC’s Jim Cramer and CNBC’s Contessa Brewer that the only natural owner of Barstool Sports was David Portnoy, who founded the company in 2003. …

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Categories World

Disney’s Quarterly Performance Shows Progress on CEO Bob Iger’s Plan

by Adrian Jhonsan
Disney’s Quarterly Performance Shows Progress on CEO Bob Iger’s Plan

Disney (DIS) released its fiscal third-quarter results, which were somewhat mixed, but the company’s restructuring plan and streaming strategy showed signs of promise. Despite falling short of analysts’ expectations, Disney’s …

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Categories World
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