Their business strategy revolves around maintaining a highly differentiated portfolio with a significant focus on maximizing cross-selling opportunities.

The gaming firm operates multiple well recognized brands including Hollywood Casino, L’ Auberge and Barstool Sportsbook. The company is one of a few market leaders in the industry and operates an impressive portfolio of online sports betting and iCasino businesses. PENN Entertainment (renamed from Penn National Gaming in 2022) is a North American provider of integrated entertainment, sports content and casino gaming experiences. Therefore, I believe a real deep-value play could be present thanks to the potential 66% undervaluation currently present in shares. In the meantime, PENN has only strengthened their operational abilities and cashflow generation potential. The huge market selloff post-COVID has led to share prices dropping almost 90% since early 2021. Their extensive range of traditional and online gambling, betting and leisure products create a differentiated portfolio which allows for a tangible economic moat to exist for the firm. PENN Entertainment ( NASDAQ: PENN) is one of the largest players in the commercial gaming industry in the U.S. Michael Blann/DigitalVision via Getty Images Investment Thesis

Penn casino gaming investment thesis