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PENN opens $100m hotel tower at Hollywood Casino Columbus

Deals & M&A

PENN Entertainment opened a 203-room hotel tower at Hollywood Casino Columbus in Ohio, the company said. The $100 million development includes a restaurant and bar, conference facilities, a fitness centre and an outdoor terrace, and is expected to create about 150 jobs. PENN also plans further property additions in the third quarter of 2026, subject to regulatory approvals.

The hotel tower adds rooms and amenities at Hollywood Casino Columbus and is expected to create jobs.

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Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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Deals & M&A

Penn Entertainment puts acquisitions behind deleveraging and projects

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 says pursuing deals is not a top priority, and CEO Jay Snowden listed several alternatives that come first. The regional casino operator reported third-quarter results, and Snowden discussed those priorities on its conference call with analysts.

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