PENN Entertainment Likely to See Growth From New Projects, Truist Securities Says

MT Newswires Live06-26 19:45

PENN Entertainment (PENN) is expected to benefit from improving regional gaming trends and its new projects, including the new Hollywood Aurora property, Truist Securities said in a note Friday.

Management's expectation for the $360 million Aurora casino to generate a cash-on-cash return above 15% is in line with historical returns on PENN's projects, according to the note. Aurora is the last of the company's projects in the 2025 to 2026 period, after M, Joliet and Columbus.

Aurora is expected to contribute $53 million EBITDA once ramped, the brokerage said, adding that ramp timeline is "more efficient" than the Joliet property given the area's more developed infrastructure.

The brokerage said the $185 million Hollywood Joliet property, which opened in August 2025, saw monthly gross gaming revenue averaging about 1.6 times and foot traffic about 1.7 times that of the legacy riverboat casino. Truist said it expects further growth as the surrounding mixed-use development expands.

Truist Securities raised its price target on PENN to $25 from $20, and reiterated its buy rating.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2646935424?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-26 19:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2646935424","market":"hk","top_or_hot":-1,"title":"PENN Entertainment Likely to See Growth From New Projects, Truist Securities Says","media":"MT Newswires Live","content":"<html><body><p> PENN Entertainment (PENN) is expected to benefit from improving regional gaming trends and its new projects, including the new Hollywood Aurora property, Truist Securities said in a note Friday.</p><p>Management's expectation for the $360 million Aurora casino to generate a cash-on-cash return above 15% is in line with historical returns on PENN's projects, according to the note. Aurora is the last of the company's projects in the 2025 to 2026 period, after M, Joliet and Columbus.</p><p>Aurora is expected to contribute $53 million EBITDA once ramped, the brokerage said, adding that ramp timeline is \"more efficient\" than the Joliet property given the area's more developed infrastructure.</p><p>The brokerage said the $185 million Hollywood Joliet property, which opened in August 2025, saw monthly gross gaming revenue averaging about 1.6 times and foot traffic about 1.7 times that of the legacy riverboat casino. Truist said it expects further growth as the surrounding mixed-use development expands.</p><p>Truist Securities raised its price target on PENN to $25 from $20, and reiterated its buy rating.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PENN Entertainment Likely to See Growth From New Projects, Truist Securities Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPENN Entertainment Likely to See Growth From New Projects, Truist Securities Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-26 19:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> PENN Entertainment (PENN) is expected to benefit from improving regional gaming trends and its new projects, including the new Hollywood Aurora property, Truist Securities said in a note Friday.</p><p>Management's expectation for the $360 million Aurora casino to generate a cash-on-cash return above 15% is in line with historical returns on PENN's projects, according to the note. Aurora is the last of the company's projects in the 2025 to 2026 period, after M, Joliet and Columbus.</p><p>Aurora is expected to contribute $53 million EBITDA once ramped, the brokerage said, adding that ramp timeline is \"more efficient\" than the Joliet property given the area's more developed infrastructure.</p><p>The brokerage said the $185 million Hollywood Joliet property, which opened in August 2025, saw monthly gross gaming revenue averaging about 1.6 times and foot traffic about 1.7 times that of the legacy riverboat casino. Truist said it expects further growth as the surrounding mixed-use development expands.</p><p>Truist Securities raised its price target on PENN to $25 from $20, and reiterated its buy rating.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PENN","symbol_name":"佩恩国民博彩","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2646935424","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646935424","pubTimestamp":1782474319,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"PENN Entertainment  is expected to benefit from improving regional gaming trends and its new projects, including the new Hollywood Aurora property, Truist Securities said in a note Friday.Management's expectation for the $360 million Aurora casino to generate a cash-on-cash return above 15% is in line with historical returns on PENN's projects, according to the note. Aurora is the last of the company's projects in the 2025 to 2026 period, after M, Joliet and Columbus.Aurora is expected to contribute $53 million EBITDA once ramped, the brokerage said, adding that ramp timeline is \"more efficient\" than the Joliet property given the area's more developed infrastructure.The brokerage said the $185 million Hollywood Joliet property, which opened in August 2025, saw monthly gross gaming revenue averaging about 1.6 times and foot traffic about 1.7 times that of the legacy riverboat casino. Truist said it expects further growth as the surrounding mixed-use development expands.Truist Securities","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PENN":"佩恩国民博彩","BK4585":"ETF&股票定投概念","BK4150":"赌场与赌博"},"translate_title":"Truist Securities表示，PENN Entertainment可能会从新项目中获得增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PENN":1.5},"content_text":"PENN Entertainment (PENN) is expected to benefit from improving regional gaming trends and its new projects, including the new Hollywood Aurora property, Truist Securities said in a note Friday.Management's expectation for the $360 million Aurora casino to generate a cash-on-cash return above 15% is in line with historical returns on PENN's projects, according to the note. Aurora is the last of the company's projects in the 2025 to 2026 period, after M, Joliet and Columbus.Aurora is expected to contribute $53 million EBITDA once ramped, the brokerage said, adding that ramp timeline is \"more efficient\" than the Joliet property given the area's more developed infrastructure.The brokerage said the $185 million Hollywood Joliet property, which opened in August 2025, saw monthly gross gaming revenue averaging about 1.6 times and foot traffic about 1.7 times that of the legacy riverboat casino. Truist said it expects further growth as the surrounding mixed-use development expands.Truist Securities raised its price target on PENN to $25 from $20, and reiterated its buy rating.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646935424","isCrawlerRequest":true}