PENN Entertainment (NASDAQ:PENN) (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.
The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia. These venues feature slot machines, table games, poker rooms and event spaces designed to serve both local customers and regional tourists. Penn also holds interests in racetrack operations and simulcast wagering, offering a full spectrum of horse-racing entertainment.
On the digital front, PENN Entertainment has made significant investments in iGaming and sports betting platforms. The company operates its proprietary online sportsbook and casino apps and has entered into joint ventures with leading media brands, including an agreement with ESPN to launch ESPN BET. These initiatives aim to leverage Penn’s operational expertise with media partnerships and drive growth in regulated online gaming markets.
With roots tracing back to the opening of Pennsylvania National Race Course in 1972, PENN Entertainment has grown through strategic acquisitions and organic expansion. Under the leadership of President and Chief Executive Officer Jay Snowden, the company focuses on operational efficiency, market diversification, and enhanced guest experiences across all channels. Headquartered in Wyomissing, Pennsylvania, PENN continues to pursue opportunities in both established and emerging gaming jurisdictions.
