Penn National Chief Optimistic on Regional Markets

Penn National Gaming CEO Jay Snowden (l.) said regional casino markets are seeing encouraging trends, despite the losses due to Covid-19 shutdowns.

Penn National Gaming CEO Jay Snowden said the massive losses in the second quarter of this year due to Covid-19 shutdowns do not overshadow “encouraging trends” in regional gaming markets, where Penn operates 41 properties in 19 states.

“We continue to make fundamental changes to improve our offerings and efficiencies across our organization,” Snowden said in a statement published by CDC Gaming Reports. “For example, we are working closely with regulators in several jurisdictions to introduce cashless, cardless and contactless technology to our casinos, which we believe will increase safety and provide improved service while delivering additional efficiencies and accountability.”

Snowden also touted Penn’s interactive gaming offerings, citing the Barstool Sports mobile wagering offering, expect to be launched in September in Pennsylvania and more states next year.