Penn Entertainment said its board approved former Louisiana Gaming Control Board chair Ronnie Jones as an independent member of the company’s Compliance Committee. Jones led the Louisiana regulator from 2013 to 2020, Penn said.
A former state regulator will serve on Penn’s Compliance Committee, adding regulatory experience to company oversight.
Quarter ended 30 September 2026
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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.
PENN Entertainment plans to increase its lobbying activity in Texas after the US midterm elections, chief executive Jay Snowden said during the company’s third-quarter earnings call. He said the company was prepared to expand its presence as legalisation discussions develop, but election results do not ensure legislation will advance. Texas would need a constitutional amendment approved by two-thirds of both legislative chambers and then a statewide vote to legalise casino gambling or sports betting.
PENN Entertainment intends to intensify its Texas lobbying after the U.S. midterm elections, chief executive Jay Snowden said. The company was also prepared to expand its presence as gambling legalisation talks progress, following decades of investment in the state.
PENN Entertainment reported consolidated revenue of $1.84bn for the third quarter of 2026, up from $1.72bn a year earlier, and net income of $32.6m. Its Interactive segment recorded $348.4m in revenue and an adjusted EBITDA loss of $18.3m, compared with a $76.6m loss in Q3 2025.
PENN Entertainment reported Q3 2026 revenue of $1.84bn, up 7.1% from $1.72bn a year earlier. Net income was $32.6m, or $0.24 per diluted share, compared with a net loss of $865.1m, or $6.03 per share, in Q3 2025. Consolidated adjusted EBITDA rose to $284m from $194.9m.
Penn Entertainment chief executive Jay Snowden said the company is not prioritising acquisitions, with debt reduction, possible share repurchases and recently completed and planned growth projects ahead of deal-making. He said any acquisition would need to offer a high implied free-cash-flow return, limited risk and strategic value; Snowden also said Penn could consider returning to Las Vegas in the future.
PENN Entertainment CEO Jay Snowden said on a third-quarter earnings call that the company plans to increase lobbying in Texas for gambling expansion. PENN operates two thoroughbred racetracks in the state and said it is prepared to advocate for any proposals that emerge.