PENN Entertainment, Inc. PENN has taken a significant step in expanding the company’s digital gaming footprint with the launch of its stand-alone Hollywood Casino app in Pennsylvania. Built on PENN's proprietary technology platform, the app offers an immersive iCasino experience with more than 700 games, daily promotions and thrilling jackpots. This marks a pivotal move in PENN's strategy to strengthen its position in the competitive online gaming space.
The Hollywood Casino app, available on Android, iOS and desktop, ensures a seamless user experience. Customers can log in using their ESPN BET credentials, effortlessly transitioning between PENN’s sports betting and iCasino platforms. This integrated approach underscores PENN’s commitment to convenience and user engagement.
The app brings to life a diverse array of gaming options, including slots, table games and live dealer content. Leveraging the company’s four Hollywood Casino properties in Pennsylvania, PENN has created a digital platform that complements its retail offerings while strengthening brand loyalty. The app is also fully integrated with PENN Play, the company’s omnichannel loyalty program, allowing users to earn rewards like PENN Cash and access personalized benefits.
Looking ahead, PENN plans to expand Hollywood Casino into additional jurisdictions in 2025, pending regulatory approvals. This growth initiative indicates the company’s forward-thinking approach to capturing a larger share of the iCasino market.
PENN’s latest innovation not only enhances its digital portfolio but also solidifies the company’s reputation as a leader in the gaming industry. With strong synergies between online and retail gaming, PENN Entertainment is well positioned to deliver sustainable growth and value for its investors.
PENN Stock’s Price Performance
Shares of the company have lost 7.9% in the past six months against the industry’s growth of 8.9%.
Image Source: Zacks Investment Research
However, consistent business strategies and strong brand recognition might bring the stock back on track. It continues to focus on database growth and enhancing engagement through new technology, ongoing investments in gaming and non-gaming areas and partnerships in food and beverage. The company has been enhancing its iCasino product by adding new game titles from PENN Game Studios and expanding third-party content, while also strengthening PENN’s promotional offerings.
PENN currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the Zacks Consumer Discretionary sector have been discussed below.
Cinemark Holdings, Inc. CNK currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
CNK delivered a trailing four-quarter earnings surprise of 164.8%, on average. The stock has surged 118.7% in the past year. The Zacks Consensus Estimate for CNK’s 2025 sales indicates growth of 11.4% from the year-ago levels.
Norwegian Cruise Line Holdings Ltd. NCLH currently has a Zacks Rank #2. NCLH delivered a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 26% in the past year.
The Zacks Consensus Estimate for NCLH’s 2025 sales and earnings per share (EPS) indicates growth of 8.4% and 25.4%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL delivered a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 89.1% in the past year.
The Zacks Consensus Estimate for RCL’s 2025 sales and EPS indicates growth of 9.5% and 23.8%, respectively, from the year-ago levels.
Zacks Naming Top 10 Stocks for 2025
Want to be tipped off early to our 10 top picks for the entirety of 2025?
History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report
Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
Cinemark Holdings Inc (CNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
