<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\nThe interactive segment generated revenues of $358.3 million, with an Adjusted EBITDA loss of $20 million, attributable to Penn\u2019s launch of theScore Bet in Alberta, Canada.<\/p>\n
\u201cI said during our last earnings call that 2026 would be a year of strong execution for Penn,\u201d Snowden noted. \u201cWhile we have the rest of the year still to deliver, I\u2019m happy to report we\u2019re off to a great start. Looking ahead, we will remain laser focused on improving our free cash flow generation while optimizing our corporate overhead and remaining disciplined with our capital.\u201d<\/p>\n
Penn\u2019s regional properties continue to perform strongly. Citing properties such as Bossier City in Louisiana and Council Bluffs in Nebraska, Snowden said they remain strong performers because, in part, higher gas prices have not been a deterrent.<\/p>\n
\u201cThe vast majority of our customers in the regional portfolio come from within a 30-minute drive,\u201d Snowden said. \u201cYou\u2019re probably not making a decision on the price of gas as to whether you\u2019re visiting casino once every week or two weeks, or once a month, because it\u2019s not going to cost you much to get there.\u201d<\/p>\n
There has been increased competition from prediction markets concerning online sports betting acquisition. Snowden acknowledged there has been \u201dpressure on the customer acquisition cost side as it relates to sports betting,\u201d but Penn is focusing on the July 13 launch of\u00a0 theScore Bet and online casino in Alberta, Canada.<\/p>\n
\u201cWe feel really good about the setup there,\u201d Snowden said. \u201cWe\u2019ve done, obviously, a lot of analysis on what worked for us with the Ontario launch, what maybe didn\u2019t. We\u2019re doing more of the right things, and we expect to deliver market share results in Alberta that would look very similar to what we\u2019ve generated in Ontario, where we continue to have momentum.\u201d<\/p>\n
Penn Entertainment Chief Technology Officer and Head of Interactive Aaron LaBerge said revenue growth in Canada during March was \u201cvery strong.\u201d<\/p>\n
\u201cI just think it\u2019s important to note our stand-alone casino growth (in the U.S.) \u00a0is very heavy,\u201d LaBerge said. \u201cWe\u2019re setting record revenues there. Growth and acquisition continue to be strong. We\u2019re seeing some softness on the OSB side, but we\u2019re offsetting that with our discipline spend and reinvestment in the areas that matter.\u201d<\/p>\n
LaBerge noted that marketing spend in OSB-only states has decreased because it wasn\u2019t yielding results.<\/p>\n
\u201cWe\u2019re focused in hybrid states that have both icasino and sports betting,\u201d LaBerge said. \u201cAnd of course, standalone is showing a lot of great momentum, so we\u2019re spending there. And then Canada is starting to pick up as well, so we\u2019re spending there. We have a lot of levers to move around to make sure our marketing is working in the best way for us, and that\u2019s what we\u2019ve done.\u201d<\/p>\n
Jefferies analyst David Katz said the firm is neutral on Penn\u2019s outlook.<\/p>\n
\u201cThe mixed segment performance vs. our estimates, albeit modestly higher than Street consensus, coupled with the update lower interactive guidance, are generally neutral for the shares in our view,\u201d Katz wrote in a note. \u201cWe note the strong performance of new and forthcoming land-based capital investments, which are positives, offset by continued appropriate over-weighting of the interactive business and its expected earnings headwind in 2026.\u201d<\/p>\n
\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source cdcgaming.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s fair to say Penn Entertainment CEO Jay Snowden is bullish on the company\u2019s recent performance. During Thursday\u2019s first quarter earnings call, Snowden noted visitation rates at brick-and-mortar casinos are on the upswing, physical improvements and openings at brick-and-mortar sites are ongoing, and Penn\u2019s igaming business is improving. \u201cTheoretical revenue growth across all of our […]<\/p>\n","protected":false},"author":2,"featured_media":2386207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[342658,26192,176147],"class_list":["post-2386206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-analyst","tag-earnings","tag-penn-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/Penn-Entertainment-CEO-Snowden-touts-\u2018strong-execution-for-largest-quarterly.gif","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2386206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2386206"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2386206\/revisions"}],"predecessor-version":[{"id":2386208,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2386206\/revisions\/2386208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2386207"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2386206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2386206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2386206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}