About PENN Entertainment
PENN Entertainment is a company based in Wyomissing (United States) founded in 1972.. The company has 23,120 employees as of December 31, 2024. PENN Entertainment has completed 11 acquisitions, including Absolute Games, Absolute Games and Ballys Tunica.
- Headquarter Wyomissing, United States
- Employees 23120 as on 31 Dec, 2024
- Stage Public
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Penn Entertainment, Inc.
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Annual Revenue
$6.58 B3.38as on Dec 31, 2024
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Net Profit
$-311.5 M36.43as on Dec 31, 2024
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EBITDA
$598.5 M-26.02as on Dec 31, 2024
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Latest Funding Round
$2.01 B (USD), Debt – Conventional
Mar 01, 2018
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Investors
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Employee Count
23120
as on Dec 31, 2024
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Investments & Acquisitions
Absolute Games
& 10 more
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IPO & Listings of PENN Entertainment
PENN Entertainment is a publicly listed company on the NASDAQ with ticker symbol PENN in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
72 people
Leadership Team
57 people
Sales and Marketing
43 people
Finance and Accounting
35 people
Human Resources and Administration
31 people
Operations Team
23 people
Creative and Marketing Team
17 people
Product Management Team
16 people
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Funding Insights of PENN Entertainment
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $2.0B
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First Round
First Round
(03 Jul 2008)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Debt – Conventional - PENN Entertainment | Valuation |
investors |
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| Aug, 2009 | Amount | Debt – Conventional - PENN Entertainment | Valuation |
investors |
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| Jul, 2008 | Amount | Debt – Conventional - PENN Entertainment | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by PENN Entertainment
PENN Entertainment has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Absolute Games, Absolute Games and Ballys Tunica. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Casino games development studio
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2014 | ||||
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Standalone hotel and casino operations are conducted in Bossier City.
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2013 | ||||
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Mobile card-based games are developed for Android and iOS platforms.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PENN Entertainment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penn Entertainment Comparisons
Competitors of PENN Entertainment
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penn Entertainment
Frequently Asked Questions about PENN Entertainment
When was PENN Entertainment founded?
PENN Entertainment was founded in 1972 and raised its 1st funding round 36 years after it was founded.
Where is PENN Entertainment located?
PENN Entertainment is headquartered in Wyomissing, United States. It is registered at Wyomissing, Pennsylvania, United States.
Who is the current CEO of PENN Entertainment?
Jay A Snowden is the current CEO of PENN Entertainment.
How many employees does PENN Entertainment have?
As of Dec 31, 2024, the latest employee count at PENN Entertainment is 23,120.
What is the annual revenue of PENN Entertainment?
Annual revenue of PENN Entertainment is $6.58B as on Dec 31, 2024.
What does PENN Entertainment do?
PENN Entertainment was founded in 1972 and is headquartered in Wyomissing, United States. Operations are focused on the gaming and entertainment sector, with services centered on casino games and related activities. In 2022, annual revenues of 6.51 billion were achieved, alongside a net profit of 0.68 billion. The company is led by CEO Jay A. Snowden, serving markets primarily in the United States.
Is PENN Entertainment publicly traded?
Yes, PENN Entertainment is publicly traded on NASDAQ under the ticker symbol PENN.
How many acquisitions has PENN Entertainment made?
PENN Entertainment has made 11 acquisitions, including Absolute Games, Absolute Games, and Ballys Tunica.
What is PENN Entertainment's ticker symbol?
The ticker symbol of PENN Entertainment is PENN on NASDAQ.
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