Would You Rather Invest in Penn National or Draft Kings? $PENN vs. $DKNG
You may recall Penn National as the company that purchased a massive stake in Dave Portnoy's Barstool Sports earlier in 2020 (yeah, that was somehow this year). Penn is more of a legacy company than Draft Kings, though, so while Penn has the Barstool media hype, can Draft King's digital first lens get them ahead?
Penn National Gaming, together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals with a focus on slot machine entertainment.The company operates through four segments: Northeast, South, West, and Midwest. It also offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia; and operates online casino under the name of iCasino in Pennsylvania.As of March 16, 2020, the company owned, managed, or had ownership interests in 41 gaming and racing properties in 19 jurisdictions. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Hollywood Poker, L'Auberge, M Resort, and MYCHOICE.The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania. (From: StockAnalysis.com)