PENN’s M Resort Expansion and theScore Bet Launch Might Change The Case For Investing In PENN (PENN)
PENN Entertainment has expanded its M Resort Spa Casino Las Vegas and rebranded its online sports betting platform to theScore Bet, launching it in Missouri. This move aims to grow both on-property hospitality revenue and its digital betting ecosystem across more U.S. jurisdictions, with the company forecasting $8.0 billion revenue and $471.4 million earnings by 2028. Despite these initiatives, investors should be aware of PENN's elevated leverage and the challenge of turning its omni-channel ambitions into better profitability.
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