PENN Entertainment Pursues Restructuring

Dow Jones Newswires

By Kelly Cloonan

PENN Entertainment is restructuring in an effort to boost efficiency.

The casino operator said Monday it is cutting its executive vice president, operations and chief information officer positions and beginning a search for a digital chief operating officer. It is also rejiggering the functions of several other leaders to streamline its technology efforts.

Under the plan, Todd George, executive vice president, operations and Rich Primus, senior vice president, chief information officer, will step down and their positions will be eliminated.

PENN's senior vice presidents of regional operations will continue their regional oversight of the company's retail operations. Two of them will report to Chief Executive Jay Snowden.

Chief Marketing Officer Jennifer Weissman will also report to Snowden. Weissman will focus on maximizing omnichannel results, including efforts to improve the company's loyalty program, overall value proposition and cross-sell execution.

Chief Technology Officer Aaron LaBerge will assume responsibility for PENN's enterprise information technology functions, in addition to his current responsibilities. He will continue to report to Snowden.

The moves aim to align PENN's retail, digital, data, cloud and security platforms under a single leadership structure to build and deploy new products at a quicker pace, the company said.

The company has also started a search for a digital chief operating officer to help oversee the day-to-day operations of its interactive segment. The position would report to LaBerge

The new organizational structure is effective immediately. The company is evaluating further opportunities to streamline its operations going forward and plans to provide an update when it reports quarterly results in February.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

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PENN Entertainment stock rises on corporate restructuring

Investing.com

Investing.com -- PENN Entertainment Inc (NASDAQ:PENN) stock rose 2.4% in after-hours trading Monday following the announcement of a corporate restructuring designed to achieve greater operational efficiencies and maximize free cash flow.

The casino operator is realigning its Interactive segment to focus on digital assets in Canada and its Hollywood iCasino product in the U.S., aiming to leverage its core retail casino business and omnichannel model. As part of the restructuring, Executive Vice President of Operations Todd George and Senior Vice President and Chief Information Officer Rich Primus will step down, with their positions being eliminated.

"As we turn the calendar to 2026, we are restructuring our corporate organization in order to achieve greater operational efficiencies, deepen customer engagement across channels, maximize free cash flow, and drive shareholder value," said Jay Snowden, PENN’s CEO and President.

The company’s Senior Vice Presidents of Regional Operations will continue overseeing retail operations with adjusted reporting lines. Chief Marketing Officer Jennifer Weissman will report directly to Snowden, focusing on maximizing omnichannel results and enhancing the PENN Play loyalty program.

Chief Technology Officer Aaron LaBerge will assume responsibility for PENN’s enterprise IT functions while maintaining his current duties. The company has also begun searching for a digital Chief Operating Officer to oversee day-to-day operations of the Interactive segment.

The new organizational structure is effective immediately. PENN plans to provide an update on anticipated annualized cost savings and improved free cash flow generation when it reports fourth quarter 2025 financial results in February 2026.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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PENN Entertainment (PENN) Stock Trades Up, Here Is Why

Stock Story

Penn Entertainment

-0.79%

What Happened?

Shares of casino, sports betting and entertainment operator PENN Entertainment jumped 2.6% in the morning session after analysts reiterated a positive outlook on the stock.

The favorable view came from a consensus 'Buy' rating from two separate analyst surveys. One report, covering 15 analysts, indicated a collective belief that the stock would likely outperform the market over the next twelve months. Similarly, a separate summary of 14 analysts also resulted in a 'Buy' consensus. This widespread positive sentiment from financial analysts suggested confidence in the company's future performance.

After the initial pop the shares cooled down to $15.40, up 3.7% from previous close.

What Is The Market Telling Us

PENN Entertainment’s shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 9 months ago when the stock gained 8.2% on the news that investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution.

According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible." His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.

PENN Entertainment is up 3.7% since the beginning of the year, but at $15.40 per share, it is still trading 32.3% below its 52-week high of $22.73 from February 2025. Investors who bought $1,000 worth of PENN Entertainment’s shares 5 years ago would now be looking at an investment worth $176.99.

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Super Group (NYSE:SGHC) Q3 Earnings: Leading The Casino Operator Pack

Stock Story

Monarch Casino & Resort

+2.07%

Penn Entertainment

-0.79%

Flutter Entertainment

-5.73%

MGM Resorts International

+2.03%

Super Group

-3.52%

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at casino operator stocks, starting with Super Group .

Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies can also enjoy healthy margins and profits. Have you ever heard the phrase ‘the house always wins’? Regulation cuts both ways, however, and casinos may face stroke-of-the-pen risk that suddenly limits what they can or can't do and where they can do it. Furthermore, digitization is changing the game, pun intended. Whether it’s online poker or sports betting on your smartphone, innovation is forcing these players to adapt to changing consumer preferences, such as being able to wager anywhere on demand.

The 11 casino operator stocks we track reported a slower Q3. As a group, revenues beat analysts’ consensus estimates by 1.9%.

In light of this news, share prices of the companies have held steady as they are up 2.8% on average since the latest earnings results.

Best Q3: Super Group

With betting operations spanning 20 jurisdictions and attracting nearly 5 million monthly customers, Super Group operates global online sports betting and gaming platforms through its two primary offerings: the Betway sports betting brand and Spin multi-brand casino portfolio.

Super Group reported revenues of $557 million, up 25.7% year on year. This print exceeded analysts’ expectations by 9.2%. Overall, it was an incredible quarter for the company with an impressive beat of analysts’ EBITDA estimates.

Neal Menashe, Chief Executive Officer of Super Group, commented: “We are incredibly pleased with our Q3 performance, which highlights the continued strength of our global platform and consistent execution across our core markets. Despite customer-friendly outcomes in September, we delivered record-level customer engagement, strong revenue growth, and margin expansion. Hitting six million monthly active customers was another significant milestone, a reflection of our product innovation and local execution. With continued momentum into Q4, and the highly anticipated launch of Super Coin, we are focused on driving long-term value for our shareholders and enhancing our global position.”

Super Group achieved the fastest revenue growth of the whole group. The company added 11,666 customers to reach a total of 5.51 million. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 3.4% since reporting and currently trades at $11.71.

Flutter Entertainment

With its digital fingerprints on nearly every aspect of global gambling, from the Super Bowl bettor to the online poker aficionado, Flutter Entertainment (NASDAQ:FLUT) operates a portfolio of leading online sports betting and gaming brands including FanDuel, PokerStars, Paddy Power, and Sky Betting & Gaming.

Flutter Entertainment reported revenues of $3.79 billion, up 16.8% year on year, falling short of analysts’ expectations by 1.4%. However, the business still had a satisfactory quarter with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 2.4% since reporting. It currently trades at $219.17.

Weakest Q3: MGM Resorts

Operating several properties on the Las Vegas Strip, MGM Resorts is a global hospitality and entertainment company known for its resorts and casinos.

MGM Resorts reported revenues of $4.25 billion, up 1.6% year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted a miss of analysts’ Hotel revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 17.8% since the results and currently trades at $36.50.

Read our full analysis of MGM Resorts’s results here.

Monarch

Established in 1993, Monarch operates luxury casinos and resorts, offering high-end gaming, dining, and hospitality experiences.

Monarch reported revenues of $142.8 million, up 3.6% year on year. This print missed analysts’ expectations by 1.7%. Zooming out, it was a mixed quarter as it also produced a beat of analysts’ EPS estimates but a miss of analysts’ Dining revenue estimates.

Monarch had the weakest performance against analyst estimates among its peers. The stock is down 1.3% since reporting and currently trades at $95.96.

Read our full, actionable report on Monarch here, it’s free for active Edge members.

PENN Entertainment

Established in 1982, PENN Entertainment is a diversified American operator of casinos, sports betting, and entertainment venues.

PENN Entertainment reported revenues of $1.72 billion, up 4.8% year on year. This result came in 0.5% below analysts' expectations. It was a disappointing quarter as it also logged a significant miss of analysts’ EBITDA and EPS estimates.

The stock is down 10.7% since reporting and currently trades at $14.60.

Read our full, actionable report on PENN Entertainment here, it’s free for active Edge members.

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Jackpot Digital to Deploy Electronic Poker Tables at Two PENN Entertainment Properties in Mississippi

Newsfile Corp.

Penn Entertainment

-0.79%

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - Jackpot Digital Inc. (OTCQB: JPOTF) (Frankfurt Stock Exchange: LVH3) (the "Company" or "Jackpot Digital")

Jackpot Digital, the world's leading provider of innovative dealerless electronic poker gaming solutions, is pleased to announce that it has finalized installation agreements to deploy its Jackpot Blitz® dealerless poker electronic table games ("ETGs") at Boomtown Casino Biloxi and Hollywood Casino Gulf Coast in Mississippi, both owned and operated by PENN Entertainment, Inc. . These agreements follow previously executed letters of intent.

The installations are scheduled for the first quarter of 2026, and represent the first two PENN Entertainment properties to deploy Jackpot Digital's Jackpot Blitz® tables under the Company's Master Agreement with PENN Entertainment. These deployments follow Jackpot Digital recent receipt of its Mississippi gaming license, which authorizes the Company to operate within the state.

Jackpot Blitz® delivers an enhanced poker experience through immersive digital gameplay, increased operational efficiency, and innovative features designed to appeal to both experienced players and new audiences. The dealerless ETG platform enables casinos to reduce operating costs while maximizing uptime and game availability.

"We're excited to take this significant next step in our relationship with PENN Entertainment, one of the largest and most respected gaming operators in North America," said Jake Kalpakian, President and CEO of Jackpot Digital. "The upcoming installations at Boomtown Biloxi and Hollywood Gulf Coast mark our first deployments with PENN Entertainment and reflect the growing demand for Jackpot Blitz® in regulated gaming markets."

With deployments across multiple jurisdictions and continued momentum in new markets, Jackpot Digital is expanding its global footprint across leading casino brands. The Company is already licensed in numerous jurisdictions, including Maine, Mississippi and U.S. Virgin Islands, as well as several international jurisdictions and tribal casinos in California, Louisiana, Michigan, Minnesota, Mississippi, Montana, New York, and Oregon.

To view a short video of Jackpot Brand Ambassador, Pro Football Hall of Fame and Super Bowl winning coach, Jimmy Johnson, sharing the advantages of the world leading Jackpot Blitz®, click the thumbnail below:

Cannot view this video? Visit:

https://www.youtube.com/watch?v=Ok313WD5NpI

About Jackpot Digital Inc.

A positive disruptor in the casino business, Jackpot Digital Inc. is the leading provider of electronic poker table games, offering innovative gaming solutions to casinos worldwide. The Company specializes in the development and deployment of dealerless multiplayer electronic poker ETGs, providing operators with efficient, cost-effective, and revenue-generating alternatives to traditional live-dealer table games. Jackpot Digital is committed to enhancing the player experience and helping operators optimize their gaming offerings.

For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681- 0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.

On behalf of the Board of Jackpot Digital Inc.

"Jake H. Kalpakian"

_____________________________

Jake H. Kalpakian

President & CEO

Trading in the securities of the Company should be considered speculative.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding Jackpot's future plans, the obtaining of customary regulatory approvals, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expects", "propose", "anticipate", "intend", "plan", "plans" "estimate", "in due course" and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278170

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Justin Sebastiano Joins Game Play Network as Executive Vice President and Chief Financial Officer

Dow Jones Newswires

Penn Entertainment

-0.79%

LOS ANGELES, Dec. 2, 2025 /PRNewswire/ — Game Play Network, Inc. ("GPN"), a licensed gaming company that offers players casino-style games for real money through its B2C website and app, Horseplay, today announced the appointment of Justin Sebastiano as Executive Vice President and Chief Financial Officer.

Sebastiano joins GPN with more than two decades of leadership experience in strategic finance, capital markets, treasury management, and investor relations for both public and private companies in the gaming and consumer industries.

Sebastiano will lead the company's global finance organization, including financial planning and analysis, accounting, treasury, and investor relations. He will work closely with CEO David Marshall, President Russell Fine, and COO Tod Lower to further strengthen GPN's financial infrastructure and drive profitability, operational excellence, and scalable growth.

"Justin's deep expertise in the gaming industry, capital markets, and scaling finance operations will be invaluable as GPN advances its growth and partnership initiatives," said Marshall. "He brings a proven record of leading complex financings, building investor relationships, managing M&A transactions, and driving stakeholder value--all of which are critical as we enter our next chapter."

Sebastiano joins GPN from Fanatics Holdings, where he served as Senior Vice President ("SVP") and Treasurer. At Fanatics Sebastiano led Treasury, Capital Markets, Risk Management and worked closely with the Strategic Finance and M&A teams. Prior to Fanatics, Sebastiano was SVP of Finance, Investor Relations, and Treasurer of Penn Entertainment . Earlier in his career, he was a top-ranked equity research analyst recognized by Financial Times/Starmine and Forbes for his coverage of the gaming sector.

"I'm thrilled to join Game Play Network at such an exciting time in its evolution," said Sebastiano. "The team has built a strong foundation and clear vision. I look forward to partnering with David, Russell, Tod, and the rest of our leadership team to drive disciplined growth, operational excellence, and long-term value for our stakeholders."

Sebastiano holds a dual bachelor's degree in Mathematics and Economics and an M.B.A. in Finance from Rutgers University.

About Game Play Network

Game Play Network, Inc. is a Los Angeles-based iGaming company with a patented software & technology platform that enables the reveal of real money wagers on live horse races in conjunction with a graphical user interface (e.g. casino-style games such as slots, keno and video poker). GPN is an advance deposit wagering company legally authorized to conduct wagering on horse races under the Federal Interstate Horseracing Act, gaming licenses, and applicable state laws. GPN conducts its B2C business via Horseplay.com and also enables third party brands to offer real money mobile casino style games in states where other forms of iGaming may not be legal. The company operates in 18 states with the ability to launch in up to 40 states.

For investor inquiries or additional information, please contact:

investorrelations@bspot.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/justin-sebastiano-joins-game-play-network-as-executive-vice-president-and-chief-financial-officer-302630131.html

SOURCE Game Play Network

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