PENN Entertainment Inc

In this photo illustration the DraftKings logo seen displayed on a smartphone.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesDraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%.Here's what DraftKings reported compared with what Wall Street was expecting, according to analyst estimates compiled by LSEG, formerly known as Refinitiv:Loss per share: 10 cents vs. expected profit of 8 centsRevenue: $1.23 billion vs. $1.24…

ESPN Bet is coming to the Big Apple.Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It's the same amount Wynn paid New York state to operate there.Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting license in 2021. Penn was not — and it has missed out on the action from the nation's largest sports betting market.In the two years since New York launched online sports betting, at least $35.7…

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings.It's a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index.But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and…

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesPenn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year.Usually, it's tougher to turn a sportsbook profit during the third and fourth quarters because companies spend more on marketing and promotions during football season.Penn's interactive business, which also…

Delta Airlines Embraer ERJ 170-200 flying above Los Angeles International Airport on Oct. 2, 2022 in Los Angeles, California.AaronP/Bauer-Griffin | Gc Images | Getty ImagesCheck out the companies making the biggest moves midday:SoFi Technologies — The fintech stock jumped more than 7% after a filing showed CEO Anthony Noto bought $5 million in common stock. The purchase was done through multiple trades from Friday to Tuesday, the filing said.Charter Communications — Charter Communications dropped more than 13% after CEO…

Penn Entertainment Inc: "Everybody's in this darn business. ... I do like Penn. They're good guys, but I cant recommend the stock right now."Tilray Brands Inc: "They and Canopy, if you want to own them, you can own either one. I'm not going to fight you on it."PagerDuty Inc: " put up a great number. ... But this segment is so hated it just didn't matter."CME Group Inc: "Winner, winner, chicken dinner. ... I think it's terrific."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no…

Jim "Mattress Mack" McIngvale, of Houston, holds some of the tickets in Atlantic City N.J., Tuesday, Nov. 1, 2022, showing bets he has made on the Houston Astros to win the baseball World Series.Wayne Parry | APMattress Mack's record-breaking $75 million payout on a wager that the Houston Astros would win the World Series will cost Caesars and Penn Entertainment big in their digital businesses this quarter.Jim "Mattress Mack" McIngvale, the Texas furniture salesman who famously hedges his sports bets with furniture…

Harmonic Inc: "Sells way too high on a price-to-earnings multiple for me to recommend when there's so many cheaper stocks out there."Cloudflare Inc: "It is okay to buy. I know that's a tough call, but I do believe it."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Harmonic Inc: "Sells way too high on a price-to-earnings multiple for me to recommend when there's so many cheaper stocks out there."Cloudflare Inc: "It…