ADDED
Market for the Registrant s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 33 Item 6.
BUSINESS Overview PENN Entertainment, Inc., together with its subsidiaries ( PENN, the Company, we, our, or us ), operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting ( OSB ) and iCasino offerings.
PENN s focus is on organic cross-sell opportunities, reinforced by its market-leading retail casinos, sports media assets and technology, including a proprietary state-of-the-art, fully integrated digital sports betting and iCasino platform, and an in-house iCasino content studio.
The Company s portfolio is further bolstered by its industry-leading PENN Play TM customer loyalty program, offering its over 33 million members a unique set of rewards and experiences.
On November 6, 2025, the Company announced the early termination of our U.S.
As a result, we realigned our digital focus to leverage the strength of our U.S.
iCasino and Canadian operations, and we rebranded our OSB offering in the U.S.
to theScore Bet, leveraging connectivity with theScore media app and our PENN Play loyalty program to drive cross-sell opportunities across our retail and digital ecosystem.
Retail Operations As of December 31, 2025, we owned, managed, or had ownership interests in 42 gaming and racing properties in 19 states.
In addition, we offer live sports betting at our properties in 14 states.
REMOVED
Market for the Registrant s Common Equity, Related Stockholder Matters , and Issuer Purchases of Equity Securities 32 Item 6.
BUSINESS Overview PENN Entertainment, Inc., together with its subsidiaries ( PENN, or the Company ), is North America s leading provider of integrated entertainment, sports content, and casino gaming experiences.
As of the issuance date of this report, PENN operated in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting, and iCasino offerings under well-recognized brands including Hollywood Casino , L Auberge , ESPN BET , and theScore BET Sportsbook and Casino .
(together, ESPN ), the worldwide leader in sports, and its ownership of theScore , the top digital sports media brand in Canada, is central to the Company s highly differentiated strategy to expand its footprint and efficiently grow its customer ecosystem.
PENN s focus on organic cross-sell opportunities is reinforced by its market-leading retail casinos, sports media assets, and technology, including a proprietary state-of-the-art, fully integrated digital sports and iCasino betting platform and an in-house iCasino content studio (PENN Game Studios).
The Company s portfolio is further bolstered by its industry-leading PENN Play customer loyalty program, offering its approximately 32 million members a unique set of rewards and experiences.
Retail Operations As of December 31, 2024, we owned, managed, or had ownership interests in 43 gaming and racing properties in 20 states.
In addition, we offer live sports betting at our properties in 13 states.
Louis Maryland Heights, MO AR PENN Master Lease Dockside gaming 120,000 1,544 45 502 Prairie State Gaming (6) Illinois N/A Land-based gaming N/A 2,378 River City Casino St.
Louis, MO Pinnacle Master Lease Dockside gaming 90,000 1,588 43 200 Other Freehold Raceway (10) Freehold, NJ Owned - joint venture Standardbred racing Retama Park Racetrack (11) Selma, TX None - Managed Simulcasting/quarter horse racing Sam Houston Race Park Houston, TX Owned Simulcasting/thoroughbred racing Sanford-Orlando Kennel Club Longwood, FL Owned Simulcasting/restaurant Valley Race Park (12) Harlingen, TX Owned Greyhound racing 2,482,088 41,725 1,166 7,321 (1) Excludes poker tables.