Gimme Credit analyst Kim Noland said Penn Entertainment’s credit profile had deteriorated, citing rising rent-adjusted leverage and weak results from its regional casinos and ESPN Bet. Noland said leverage exceeded the mid-7x range at year-end and was likely to remain there through much of 2025; the analyst rated Penn’s 2029 corporate debt ‘underperform’.
The assessment flags credit and leverage concerns for investors in Penn’s debt.
Quarter ended 30 September 2026
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The NFL has named theScore Bet an official sportsbook and casino partner in Canada under an agreement with PENN Entertainment. The partnership gives theScore Bet rights to use NFL league and team intellectual property in approved marketing and promotional campaigns, as well as access to league media and fan events. An NFL spokesperson said theScore Bet is its fourth official betting partner in Canada.
US casino operators are investing in dining, concerts and other attractions to draw Gen Z visitors, citing Bloomberg News. Penn Entertainment opened its $360m Hollywood Casino and Hotel Aurora near Chicago in June, replacing a riverboat casino.
The Responsible Online Gaming Association (ROGA) said it had adopted a voluntary marketing code for its eight operator members in the US. The rules cover real-money sports betting and iGaming promotions, apply to members and their marketing partners, and take effect within three months of publication.
Alberta has opened its online casino market to private operators, with multiple brands cleared to launch, according to a consumer guide. The guide names DraftKings, FanDuel, Caesars, Penn Entertainment, BetMGM, bet365, Rush Street Interactive and Bally’s among companies entering the market. It says operators are launching casino and sportsbook services alongside the provincial PlayAlberta site.
New York’s eight mobile sportsbooks accepted $26.3bn in wagers during 2025, up 15.8% from 2024, according to figures attributed to the New York State Gaming Commission. Annual gross revenue reached $2.55bn, while the state collected $1.32bn in tax revenue; FanDuel and DraftKings accounted for 76% of operator revenue.