5 Biggest Gambling Companies By Revenue

4. PENN Entertainment, Inc. (NASDAQ:PENN)

Trailing Twelve Month (TTM) Revenue: $6.4 billion

PENN Entertainment, Inc. (NASDAQ:PENN) is an American company that operates casinos and online gaming platforms. The firm is headquartered in Wyomissing, Pennsylvania.

PENN Entertainment, Inc. (NASDAQ:PENN) reported modest third fiscal quarter results, as it grew revenue by 7.5% and net income by 7.6%. The firm is also well equipped to weather a potential recessionary storm, as 85% of its debt will not mature until 2026. PENN Entertainment, Inc. (NASDAQ:PENN) is facing a mixed market performance, as while its online revenues are growing, those from physical properties are dropping.

By the end of the third quarter of this year, 30 out of the 920 hedge funds polled by Insider Monkey had invested in PENN Entertainment, Inc. (NASDAQ:PENN).

PENN Entertainment, Inc. (NASDAQ:PENN)’s largest investor is Parag Vora’s HG Vora Capital Management which owns 7.5 million shares that are worth $206 million.

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