PENN Entertainment Inc
PENN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$83.00 | Gvztg | Swfzlglc |
Penn's Attractive Omnichannel Presence Not Enough to Warrant a Moat in the Competitive U.S. Market
Business Strategy and Outlook
Penn Entertainment holds a leading omnichannel presence, which includes 43 physical casino assets, a digital portfolio encompassing sports betting, iGaming, and media, and a loyalty membership base of 27 million. As a result, we estimate Penn holds around a low-double-digit revenue share of the $60 billion domestic commercial casino gaming market.