PENN plans to increase Texas lobbying after midterm elections
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’s Texas expansion plans hinge on constitutional approval and a statewide vote, which election results alone do not ensure.