WYOMISSING, Pa. – PENN Entertainment is doing some more reshuffling in the wake of its split from ESPN.
The Wyomissing-based operator of casinos, racetracks, and online and sports betting platforms is announcing a new corporate organizational structure.
Executive Vice President of Operations Todd George and Senior Vice President / Chief Information Officer Rich Primus are both out of a job. Their positions are being eliminated, PENN said in a news release.
The restructuring is being implemented “in order to achieve greater operational efficiencies, deepen customer engagement across channels, maximize free cash flow, and drive shareholder value,” said PENN Chief Executive Officer and President Jay Snowden, in the release.
Also, PENN is looking to hire a new digital Chief Operating Officer to help oversee the day-to-day operations of the Interactive segment, which includes the company’s online sports betting and iCasino operations. The new hire will report to Chief Technology Officer and Head of Interactive Aaron LaBerge.
Two months ago, PENN announced it was ending its sports betting partnership with ESPN. The split happened just two years into a ten-year, $10 billion deal. At the same time, ESPN announced DraftKings as its official online Sportsbook.
Soon after, PENN rebranded its online sports betting platform to theScore Bet.
More changes could be on the horizon. PENN Entertainment “is evaluating additional opportunities to strengthen and streamline its operations and will provide an update when it reports its fourth quarter 2025 financial results in February 2026,” the company said.
PENN shares (NASDAQ: PENN) were trading at $15.09 early Tuesday. That’s near the bottom of their 52-week range. The company has a market capitalization of about $2 billion.
PENN Entertainment operates 42 gaming destinations across the U.S.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.wfmz.com ’
