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Sep 30, 2023
Penn National Q3 2023 Earnings Report
Reported stable property level performance and prepared to transition online sportsbook to the ESPN BET brand.
Key Takeaways
PENN Entertainment reported stable property level performance driven by solid results from rated traditional core customers. The company is preparing to launch ESPN BET on November 14 across 17 states, aiming to expand their digital ecosystem and drive customer re-engagement.
Property level performance was stable, reflecting solid results from rated traditional core customers.
Several locations, including casinos in Ohio, Kansas, Massachusetts, and Missouri, showed relative strength.
Interactive segment results reflect curtailed marketing in the U.S. in preparation for the transition to the ESPN BET brand.
Planned launch of ESPN BET on November 14 across 17 states, pending final approvals.
Revenue by Segment
Forward Guidance
PENN Entertainment did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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