PENN Entertainment (STU:PN1) Construction In Progress : €158 Mil (As of Dec. 2023)

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What is PENN Entertainment Construction In Progress?

PENN Entertainment's quarterly construction in progress stayed the same from Jun. 2023 (€0 Mil) to Sep. 2023 (€0 Mil) but then increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€158 Mil).

PENN Entertainment's annual construction in progress increased from Dec. 2021 (€63 Mil) to Dec. 2022 (€157 Mil) and increased from Dec. 2022 (€157 Mil) to Dec. 2023 (€158 Mil).

PENN Entertainment Construction In Progress Historical Data

The historical data trend for PENN Entertainment's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PENN Entertainment Construction In Progress Chart

PENN Entertainment Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec21

Dec22

Dec23

Construction In Progress

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53.37

73.82

62.57

157.46

158.46

PENN Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															157.46	-	-	-	158.46

PENN Entertainment Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

PENN Entertainment (STU:PN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (STU:PN1) » Definitions » Construction In Progress

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PENN:USA

Address

825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

https://www.pngaming.com

Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.

PENN Entertainment (STU:PN1) Headlines

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