PENN reports $1.84bn revenue and $284m adjusted EBITDA in Q3

PENN Entertainment reported third-quarter revenue of $1.84bn for the period ending 30 September, up 7.1% year on year. Adjusted EBITDA rose 45% to $284m, while net income was $32m; interactive revenue reached $348.4m, compared with $297.7m a year earlier. CEO Jay Snowden said Alberta operations launched during the quarter and cited growth in the company’s Canadian and US online businesses.