Continued ramp-up of M Resort’s new hotel tower also boosts revenue
PENN Entertainment generated revenues of $1.4bn for the quarter ended March 31, 2026, up six per cent from last year’s first quarter, with online gaming showing healthy growth.
Jay Snowden, Chief Executive Officer and President, said: “We are pleased to report another solid quarter. Retail Segment Adjusted EBITDAR grew year-over-year and stable trends are carrying into April. In our Interactive segment, continued online casino growth combined with positive trends in Ontario are driving momentum as we prepare for the anticipated July 13 launch of regulated iCasino and online sports betting in Alberta. Importantly, we are executing on the plan we outlined last quarter, driving Retail and Interactive growth, optimizing corporate overhead, making disciplined capital investments, and continuing to delever.
“Trends were encouraging across the portfolio, with strength in our West segment reflecting the continued ramp of M Resort’s new hotel tower and strong execution by the team at Ameristar Casino Resort and Spa in Black Hawk, Colorado,” said Mr. Snowden. “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. We recently announced the June opening dates1 for the new hotel tower at Hollywood Columbus and the new Hollywood Casino Aurora and remain excited about the anticipated returns on our development project investments based on the success to date from our recent openings at Hollywood Casino Joliet and M Resort.
The interactive segment produced revenues of $358.3m.
“Our Interactive segment delivered a meaningful Adjusted EBITDA improvement year-over-year, which marks the first full quarter under our realigned digital strategy. iCasino revenue growth of approximately 15 per cent 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,” concluded Mr. Snowden.
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Continued ramp-up of M Resort’s new hotel tower also boosts revenue PENN Entertainment generated revenues of $1.4bn for the quarter ended March 31, 2026, up six per cent from last year’s first quarter, with online gaming showing healthy growth. Jay Snowden, Chief Executive Officer and President, said: “We are pleased to report another solid quarter….
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