PENN

PENN Entertainment, Inc. operates as a leading omnichannel gaming and entertainment company with a diverse portfolio of retail casinos and interactive gaming platforms. Headquartered in Wyomissing, Pennsylvania, the company owns and operates 43 gaming and racing facilities across North America, spanning 20 states. PENN's retail properties feature approximately 50,000 slot machines, 1,300 table games, and 8,800 hotel rooms under various regional casino brands. The company's interactive division includes ESPN BET, its online sports betting and iCasino platform launched in November 2023 through a strategic partnership with ESPN, replacing the previous Barstool Sportsbook. This partnership grants PENN access to ESPN's extensive media reach and brand recognition in exchange for $1.5 billion in cash plus warrants and annual payments. PENN employs approximately 22,000 team members and generated $6.4 billion in total revenue in 2023. The company's business model combines traditional brick-and-mortar casino operations with digital gaming expansion, positioning it to capture both retail and online market share in the rapidly growing U.S. sports betting and iGaming industry. PENN maintains significant database marketing capabilities with over 27 million mychoice loyalty program members, providing competitive advantages in customer retention and cross-platform engagement between its retail and digital properties.