Canada

Penn National Stock Drops 10% Despite Earnings Beat

Published

5 years ago

May 11, 2021

Penn National Gaming Inc. shares dropped more than 10% last Thursday trading after the gambling company reported earnings that more than doubled expectations. Penn reported first-quarter profit of $91 million, or 55 cents a share, improving from a loss of $5.26 a share in the same quarter a year ago, which was mostly due to an impairment charge of more than $600 million related to the COVID-19 pandemic.

Penn reported net revenue of $1.28 billion, up from $1.12 billion in the year-ago quarter. Analysts on average expected earnings of 26 cents a share on sales of $1.14 billion.

Shares dove in Thursday’s trading session despite the earnings beat, with Penn suffering the second-weakest day of any S&P 500 stock behind only Etsy Inc.’s ETSY, +4.97% post-earnings selloff. Jefferies analysts had expected “a neutral to modestly positive reaction in the shares” after the numbers hit, but said that a slower rollout of online gambling options could temper enthusiasm.

“The upside in the quarter … should be expected given the regional strength previously indicated by peers, but is positive nonetheless. Separately, the ongoing transformation to a technology-driven enterprise continues to progress, albeit more gradually than some peers, [which] could temper the Street’s bullishness in response,” the analysts wrote ahead of Thursday morning’s conference call.

Executives did not appear to provide any reason for pessimism in the call, with Chief Executive Jay Snowden calling out improving metrics into the current quarter. The company did not provide any official guidance for the current quarter nor year due to pandemic uncertainty.

“Our performance in March and April … reflects the additional easing of restrictions and an increase in the percentage of people vaccinated. Revenues were 8% over the same two-month period in 2019, while adjusted Ebitdar accelerated 29% to $410 million and Ebitdar margins increased 650 basis points to nearly 40%. We also note that spend-per-visit is much higher than it was pre-COVID,” Snowden said.

Penn has seen its stock rise more than 400% in the past year amid further legalization of sports betting and its investment in popular sports website Barstool.

Canada

Tonybet player in Canada claims $20,000 CAD golden World Cup card prize

Published

6 hours ago

July 21, 2026

Wladimir P.

tonybet-player-in-canada-claims-$20,000-cad-golden-world-cup-card-prize

Tonybet says a player in Laurier-Station, Canada has claimed the “golden card” prize worth $20,000 CAD in the operator’s World Cup Card Collection. The announcement was made Tuesday 21st July 2026.

The World Cup collection featured 51 cards in total, including 48 digital cards representing participating World Cup nations, plus three unique prize cards in bronze, silver and gold. Tonybet said the bronze card—available during the group stage—was previously found by a customer in Saint-Colomban, Canada, while the silver card—available during the knockout rounds up to the quarter-finals—was won by a player in County Kildare, Ireland.

The golden card became available for the semi-final, third-place play-off and final, and has now been claimed, Tonybet said.

Tonybet Head of Product Kiryl Liudvikevich said: “You can plan a campaign down to the last detail, but you can’t plan what the World Cup brings.

“We designed the collection to evolve with the tournament, and every knockout round created new stories we couldn’t have predicted. Seeing players complete their collections and discovering who would uncover each prize was the most rewarding part of the campaign.

“I hope everyone enjoyed the experience for what it was meant to be: a fun addition to the tournament, played responsibly and always within their limits.”

Tonybet said the collection will remain open until 31 July for players who are still completing sets and spending coins, although all grand prizes have been awarded.

The post Tonybet player in Canada claims $20,000 CAD golden World Cup card prize appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Canada

Tonybet player in Canada claims $20,000 CAD golden World Cup card prize

Published

6 hours ago

July 21, 2026

GamingAmericas.com

The golden card became available for the semi-final, third-place play-off and final, and has now been claimed, Tonybet said.

Tonybet Head of Product Kiryl Liudvikevich said: “You can plan a campaign down to the last detail, but you can’t plan what the World Cup brings.

“I hope everyone enjoyed the experience for what it was meant to be: a fun addition to the tournament, played responsibly and always within their limits.”

Tonybet said the collection will remain open until 31 July for players who are still completing sets and spending coins, although all grand prizes have been awarded.

The post Tonybet player in Canada claims $20,000 CAD golden World Cup card prize appeared first on Americas iGaming & Sports Betting News.

Alberta

Greentube goes live in Alberta as province opens regulated iGaming

Published

1 day ago

July 20, 2026

Wladimir P.

greentube-goes-live-in-alberta-as-province-opens-regulated-igaming

Supplier secures AGLC registration and extends its Canadian footprint beyond Ontario, where it has been live since 2022.

Greentube has gone live in Alberta on the day the province opened as a newly regulated iGaming market, marking the supplier’s first launch in the jurisdiction.

The NOVOMATIC Digital Gaming and Entertainment division said it completed regulatory and technical due diligence and secured registration with the Alberta Gaming, Liquor and Cannabis (AGLC) commission to operate in the province. Alberta becomes only the second Canadian province to regulate iGaming after Ontario, with the new framework replacing the monopoly previously held by Play Alberta.

The Alberta launch builds on Greentube’s existing Canadian footprint. The company has been live in Ontario since 2022 and described the Alberta debut as part of its wider North American expansion strategy.

Greentube said Alberta players will initially have access to a curated set of titles including Piggy Prizes Wand of Riches 2, Rumble Riches Haulin’ Gold and Firecracker Frenzy Money Toad, as well as Silver Lux Big Win Spinner, Starlight Jackpots Captain’s Catch and Charming Lady’s Boom.

David Bolas, Commercial Director at Greentube, said: “Going live in Alberta on the day the market opens is an important step for Greentube and reflects the strong momentum we are seeing in Canada.

“We welcome the opportunity a new jurisdiction offers and look forward to working with locally licensed operators to introduce our established offering to players in Alberta. With a balanced line-up of new releases and proven performers, we are well placed to offer a compelling experience in the province and support our long-term ambitions in the region.”

The post Greentube goes live in Alberta as province opens regulated iGaming appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.