Penn Entertainment announced staff cuts at theScore in Toronto, with media reports putting the total at 75–100, about half the newsroom. Penn said the changes reflect the development of its digital business; former employees posted that they had been laid off.
The cuts affect theScore's Toronto newsroom as Penn changes its digital business.
Quarter ended 30 September 2026
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PENN has appointed Nate Ravitz to lead theScore’s media business, according to a report. The report says Ravitz is a vice-president at ESPN and that the appointment follows PENN’s closure of ESPN Bet.
ESPN and PENN Entertainment agreed to end their exclusive US online sports betting arrangement on 1 December 2025, while ESPN named DraftKings its exclusive odds provider from December, with full implementation planned for 2026. PENN plans to rebrand its US betting service as theScore Bet, subject to regulatory approvals, and said the launch is projected for 1 December.
PENN Entertainment’s board approved an immediate reorganisation affecting its Interactive segment and operations in the US and Canada. The changes eliminate the chief information officer and vice-president of operations positions; PENN is seeking a chief operating officer for its digital business and plans to update its organisational structure next month.
Penn Entertainment shareholders approved a maximum $17.4 million pay package for chief executive Jay Snowden, down from $25.3 million, according to the report. Support reached 77.5%, compared with less than 33% in 2025; Penn said Snowden received $12.5 million of the $ amount he was eligible for between 2021 and 2025.
Penn Entertainment reported that its interactive segment generated $172.5 million in Q1, up from $161.9 million a year earlier. The company said online casino revenue increased 15% year on year and chief executive Jay Snowden hopes the digital business will become profitable by year-end. Penn also said it plans to invest about $20 million in customer acquisition.