Penn National Gaming Earnings: 1 Key Metric You'll Want to Know
Penn National Gaming (NASDAQ: PENN) is set to report first-quarter earnings on May 6. The company, which operates gaming properties across the U.S. and the popular Barstool Sportsbook online gaming app, hopes to bounce back after the disruption to its business from COVID-19.
Nearly 150 million Americans have received at least one dose of a vaccine against the coronavirus. That's giving people more confidence to visit places like casinos. Still, the bigger story for Penn National Gaming shareholders is the progress of its sports-betting business. The segment is growing rapidly and has more potential in the long run than the company's traditional casinos. That's why online gaming handle is going to be the key metric you want to follow when Penn reports earnings.
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Source Fool.com
