Jay Snowden on digital transformation
From GGB Podcast: Jay Snowden, President & CEO, PENN Entertainment · · iGaming Business
“I don't think if you're in the land-based side of the gaming industry, I don't think having an interactive business or a digital business is an option. I think it's an imperative. I think it's a requirement. Because look where the industry is headed, right? There are not a lot of states left that haven't legalized land-based casinos that are considering doing so. And there also isn't the obvious M&A opportunities in the industry that there were in the 2000s and 2010s.”
On , Jay Snowden, President, Chief Executive Officer & Director at PENN ENTERTAINMENT INC, spoke about digital transformation during GGB Podcast: Jay Snowden, President & CEO, PENN Entertainment on iGaming Business.
About Jay Snowden
In an April 2026 interview at the East Coast Gaming Congress, Penn Entertainment President and CEO Jay Snowden discussed the company's strategy and financial outlook. He stated that having an interactive or digital business is "an imperative" for land-based gaming companies, noting that few states remain that have not legalized land-based casinos. Snowden said Penn's interactive business is "no longer going to be losing money" and is expected to break even in 2025, with growth in iGaming states and a focus on cost structure and lower promotional expenses in sports betting-only markets. He described 2025 as "a year of execution" for Penn, adding that investments made over the past five years in both interactive and retail operations "are starting to pay off now." Snowden also commented on the broader gaming industry's valuation, saying publicly traded gaming companies are "so beaten down" and that their cash flows are not reflected in current trading multiples. He noted that Penn's board and senior executive team are "always thinking about what the next thing or list of things could potentially be" and expressed optimism about the coming years.