PENN Entertainment Shares Rise 17% Amid Expansion Plans in Canadian Casino Market
PENN Entertainment (PENN) shares rose 17% after reporting a 6.37% revenue increase in Q1 and announcing plans to launch online and sports betting platforms in Alberta, Canada. The company aims to capitalize on the growing $179.7 billion global casino market by 2034, driven by favorable regulations and technological advancements.
Tickers: $PENN
Topics: casino industry online gambling revenue growth stock price movement