PENN Entertainment reports results

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PENN Entertainment has reported financial results for the three and nine months ended September 30, 2023.

Jay Snowden, CEO and president, said: “Our property level performance was stable in the third quarter, reflecting solid results from our rated traditional core customer.

“We continued to see relative strength in several locations, including our casinos in Ohio, Kansas, Massachusetts and Missouri, which highlights the benefits of our geographically diversified portfolio of premier regional gaming assets and the addition of retail sports betting offerings at many of our properties.

“Third quarter Interactive segment results reflect curtailed marketing in the US as we prepared to transition our online sportsbook to the ESPN BET brand.

“Finally, we are excited to announce that we plan to simultaneously launch ESPN BET on November 14 across the 17 states in which we operate online sports betting, subject to final approvals.

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“This strategic alliance is expected to further expand our digital ecosystem and drive re-engagement with the millions of customers in our digital and retail databases, leading to compelling cross-sell opportunities.”

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