PENN Entertainment, Inc. Overview
Pro stress-test →PENN operates a portfolio of casinos, racetracks, and online sports betting in various jurisdictions under Hollywood Casino, L'Auberge, ESPN BET, and theScore BET brands. The company generated $6.82B in trailing twelve-month revenue and is undergoing a significant digital transformation to achieve profitability in online gaming operations.
Strategic Profile
Pro stress-test →Penn operates 43 properties across 20 states and 12 brands, with land-based casinos representing 85% of total sales in 2024 and 15% from interactive. The company's strategy centers on leveraging a strong retail portfolio that generates healthy margins to fund digital expansion, with Penn targeting full-year breakeven adjusted EBITDA in interactive for 2026. Penn's media asset, theScore, provides access to sports betting/iGaming technology and clientele, positioning it competitively in the growing online gaming market.
Competitive Landscape
Pro stress-test →Main competitors include Caesars Entertainment, Red Rock Resorts, and DraftKings. PENN differentiates through its geographically diversified property portfolio, theScore media and betting platform, and growing digital presence. The company aims to participate in the $50+ billion US sports betting and iGaming revenue opportunity by 2028.
Industry Context
PENN Entertainment, Inc. operates in Casinos & Gaming - Integrated Entertainment & Sports Betting.
Key facts
Founded: 1972 · Headquarters: Wyomissing, Pennsylvania, United States · Employees: 23,118 · Revenue: $6.82B · Market cap: $1.62B