Jay Snowden on execution strategy
From GGB Podcast: Jay Snowden, President & CEO, PENN Entertainment · · iGaming Business
“This is a year of execution for us. We've made a significant number of investments both on the interactive and the retail side over the last call it five years. They're starting to pay off now, which is great for your balance sheet. It's great for your shareholders and it's great for your leverage levels. And so, you know, when you're in the position that we're in now, and if we execute really well, where the leverage is by the end of the year and liquidity and dry powder, the setup is pretty nice as you look out to 27, 28.”
On , Jay Snowden, President, Chief Executive Officer & Director at PENN ENTERTAINMENT INC, spoke about execution strategy 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.