Winners And Losers Of Q1: PENN Entertainment (NASDAQ:PENN) Vs The Rest Of The Casino Operator Stocks

BarchartJul 19 16:00

PENN Entertainment plans to lay off 100 people and will focus on the growth of ESPNet.

On July 19, Gelunhui reported that US gambling company PENN Entertainment plans to cut 100 employees to focus on the growth of ESPNet. Jay Snowden, the group's CEO, stated in an internal email that the company's interactive business is entering a new phase of growth, including ESPNet's initiative, which includes product enhancements and deeper integration into the ESPN ecosystem. He also stated that after the acquisition of Canadian media and gaming company theScore in 2021, layoffs will improve operational efficiency.

Gelonghui FinanceJul 19 09:07

Layoffs, New Focus Not Enough to Keep Penn National Gaming (NASDAQ:PENN) Green

TipRanksJul 19 01:00

PENN Entertainment (PENN.US) plans to cut 100 employees.

PENN Entertainment (PENN.US) announced on Thursday plans to cut 100 employees to focus on the growth of ESPNet. CEO Jay Snowden said in an internal email that the company's interactive business is entering a new growth phase, which includes ESPNet. These measures include product enhancements and deeper integration into ESPN's ecosystem. He also said that the layoffs will improve operational efficiency following the acquisition of Canadian media and gaming company theScore in 2021.

AASTOCKSJul 19 00:34

PENN Entertainment Cutting Staff at ESPN Bet

Seeking AlphaJul 19 00:20

What's Going On With PENN Entertainment Shares After Announcing Layoffs?

PENN Entertainment, Inc. (NASDAQ:PENN) shares are trading marginally lower on Thursday.Penn Entertainment reportedly plans to lay off approximately 100 employees as it shifts focus to expanding

BenzingaJul 18 23:51