{"id":2473472,"date":"2026-06-24T12:16:13","date_gmt":"2026-06-24T12:16:13","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2473472"},"modified":"2026-06-24T12:16:13","modified_gmt":"2026-06-24T12:16:13","slug":"penn-entertainments-shareholders-decide-to-slash-ceo-pay-package","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/penn-entertainments-shareholders-decide-to-slash-ceo-pay-package\/","title":{"rendered":"Penn Entertainment\u2019s Shareholders Decide to Slash CEO Pay Package"},"content":{"rendered":"

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Penn Entertainment\u2019s<\/strong> shareholders have finally rallied and decided to slash the remuneration package of CEO Jay Snowden<\/strong> this year, with the cap now set at a maximum of $17.4 million<\/strong> from previously $25.3 million<\/strong>.\u00a0<\/p>\n

Penn Entertainment\u2019s Boss Payment Now Restricted to $17.4M<\/h2>\n

As the brand continues to recalibrate and readjust, shareholders have voted<\/a> in droves to support the payment reduction measure, with 77.5% approving the changes to the package, up from less than 33% who did in 2025.\u00a0<\/p>\n

The company tried to acknowledge frustrations with current performance indicators, but also noted that Snowden was not paying himself disproportionate sums. For example, between 2021 <\/strong>and 2025<\/strong>, the executive has taken only 42% of the pay he was eligible for, amounting to $12.5 million<\/strong>, rather than pursuing the full amount.\u00a0<\/p>\n

However, Penn is aware of the dissatisfaction with the company director, Maria Kaplowitz<\/strong>, hosting a meeting with 17 investors accounting for 48% of the company\u2019s stock, engaging in discussions around pay packages.\u00a0<\/p>\n

Casino Is Penn\u2019s New Focus as Company Posts Solid Results in iGaming<\/h2>\n

Much of Penn\u2019s sports betting hopes have been, if not completely dashed, then turned into an almost anecdotal evidence of how not to run your sports betting brand, with Penn dropping ESPN Bet in December, and previously selling back the Barstool Sports <\/strong>brand back to its owner, David Portnoy<\/strong>, for just $1 after paying a multi-million premium to own it in the first place.\u00a0<\/p>\n

However, Penn has also had a bit of good luck, with the company shifting to online casino and even reporting strong gains in iGaming jurisdictions where it operates, with revenue jumping 362% from last year, as per Penn\u2019s Q1 earnings call.<\/p>\n<\/div>\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 www.gamblingnews.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Penn Entertainment\u2019s shareholders have finally rallied and decided to slash the remuneration package of CEO Jay Snowden this year, with the cap now set at a maximum of $17.4 million from previously $25.3 million.\u00a0 Penn Entertainment\u2019s Boss Payment Now Restricted to $17.4M As the brand continues to recalibrate and readjust, shareholders have voted in droves […]<\/p>\n","protected":false},"author":2,"featured_media":2473473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[44569,21825,176147,36639],"class_list":["post-2473472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-casino","tag-north-america","tag-penn-entertainment","tag-usa"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/06\/Penn-Entertainments-Shareholders-Decide-to-Slash-CEO-Pay-Package.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2473472","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=2473472"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2473472\/revisions"}],"predecessor-version":[{"id":2473474,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2473472\/revisions\/2473474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2473473"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2473472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2473472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2473472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}