Penn Entertainment on Thursday morning reported revenues of $1.4 billion for the first quarter of 2026. Segment Adjusted EBITDAR was $471.4 million.
“We are pleased to report another solid quarter,” Penn Entertainment CEO Jay Snowden said in a statement. “Retail Segment Adjusted EBITDAR grew year-over-year and stable trends are carrying into April.”
Snowden added that trends “were encouraging” across its portfolio. He cited the continued ramp of M Resort’s new hotel tower in Henderson, Nevada, and “strong execution” by Penn’s team at Ameristar Casino Resort and Spa in Black Hawk, Colorado. A new hotel tower at Hollywood Columbus in Ohio and the new Hollywood Casino Aurora in Illinois also were mentioned by Snowden as examples of positive growth.
“Increased visitation and higher spend per visit companywide supported year-over-year theoretical revenue growth across all rated worth segments, representing our largest quarterly increase in three years,” Snowden said.
Revenues for Penn’s first-quarter interactive segment were $358.3 million, including tax gross up of $185.8 million. Adjusted EBITDA for the interactive segment amounted to a loss of $10.8 million.
“Our interactive segment delivered a meaningful Adjusted EBITDA improvement year-over-year, which marks the first full quarter under our realigned digital strategy,” Snowden said. “Icasino revenue growth of approximately 15% year-over-year was driven by the continued momentum of standalone icasino, which notably achieved record quarterly revenue in the first quarter as well as record monthly revenue in March. The trends we are seeing provide us with confidence in the trajectory of the business and upcoming launch in Alberta (Canada).”
Penn plans to open theScore Bet online sports betting and casino in Alberta this year.
