Jay Snowden on stock valuation
From GGB Podcast: Jay Snowden, President & CEO, PENN Entertainment · · iGaming Business
“The gaming industry in the publicly traded markets is so beaten down right now. And I don't think, and I'm not the only one, I think Bill Hornbuckle and Tom Reeg and Tilman and others would say the same thing, which is for the cash flows that these businesses generate, we're not trading at the multiples that you would expect. These are significant free cash flow generative organizations.”
On , Jay Snowden, President, Chief Executive Officer & Director at PENN ENTERTAINMENT INC, spoke about stock valuation 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.