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How Investors Are Reacting To PENN Entertainment (PENN) Raised Retail Guidance
PENN Entertainment reported third quarter 2026 revenue of US$1.84b and net income of US$33 million, compared with a loss in the prior year, and raised full year retail guidance after record casino takings and lower interactive losses. The shift from a large prior year loss to profitability, alongside management’s focus on debt reduction and potential Texas and Georgia expansion, suggests a business increasingly driven by existing property performance rather than heavy promotional...
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