The company recently repaid $4.8 billion in debt, reducing its total outstanding debt by 55%. Light & Wonder's quarterly earnings shrunk in the most recent quarter following the company's divestiture of its lottery and sports betting business. PENN Entertainment Inc.: PENN provides entertainment, sports content, and casino gaming services. It operates both gaming properties nationwide and online sports betting services. Net income rose tenfold in the first quarter of 2023 after the company purchased Barstool Sports and recorded a $500 million gain from reclassified lease components. MGM Resorts International: MGM Resorts operates gaming and entertainment resorts, providing accommodations, hospitality management, dining, and other services for casinos and non-casino properties around the world. MGM's net revenue increased by more than a third in the latest quarter amid a rebound in leisure travel and the company's acquisition of Cosmopolitan of Las Vegas.
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