Headquartered in Wyomissing, PA Fiscal year ends December NASDAQ: PENN pennentertainment.com
PENN Entertainment, Inc. operates in 28 jurisdictions throughout North America with a diversified portfolio of retail casinos, racetracks, and online sports betting and iCasino offerings.
**Reportable segments**
- **Retail (Northeast, South, West and Midwest):** properties such as the Hollywood Casino, Ameristar, Boomtown, L'Auberge and Argosy branded casinos, plus M Resort Spa Casino, Margaritaville Resort Casino, Plainridge Park Casino and others. It also holds a 50% stake in Kansas Entertainment, which owns Hollywood Casino at Kansas Speedway.
- **Interactive:** online sports betting, iCasino and social gaming, retail sportsbook management, and media. Products include theScore Bet, theScore Casino and the standalone Hollywood iCasino app, with a strategic focus on U.S. iCasino and Canada (Ontario and Alberta).
**Business model and strategy**
- PENN emphasizes cross-sell between its retail casinos and digital products.
- It runs a proprietary, fully integrated digital sports betting and iCasino platform and an in-house iCasino content studio.
- Its PENN Play loyalty program has over 34 million members.
**Property leases**
- Much of its real estate is leased under triple net leases from GLPI and VICI.
- This includes a new VICI Master Lease, dated December 2025, covering Margaritaville Resort Casino and Hollywood Casino at Greektown.
**Other operations**
- Stand-alone racing operations including Sanford-Orlando Kennel Club and Sam Houston and Valley Race Park.
- A management contract for Retama Park Racetrack. Updated
The Interactive segment's adjusted EBITDA loss narrowed to $18.3 million from $76.6 million a year ago, and management says October trends held. Net leverage of 2.3x gives the turnaround a balance sheet to stand on.
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PENN Entertainment, Inc. operates in 28 jurisdictions throughout North America with a diversified portfolio of retail casinos, racetracks, and online sports betting and iCasino offerings. **Reportable segments** - **Retail (Northeast, South, West and Midwest):** properties such as the Hollywood Casino, Ameristar…
The Wall Street consensus 12-month price target for PENN is $23.37.
