Penn National Gaming INC: insider trades · United States · SEC (Form 4)

About Penn National Gaming INC

PENN Entertainment, Inc. (ticker PENN) is listed on the Nasdaq market in the United States. For French-speaking investors, the company is best understood as a hybrid entertainment and gaming operator: it combines regional casino properties, horse-racing/retail gaming assets, online sports betting, and iCasino operations. Its roots go back more than five decades, with the business originating from a Pennsylvania racetrack opening in the early 1970s and gradually expanding into a broader U.S. regional gaming platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/921738/000092173824000038/penn-20240930.htm?utm_source=openai)) Today, PENN operates a sizable portfolio of physical assets, including casinos, racetracks, and entertainment properties across multiple U.S. states, while also building a digital layer around those locations. In its recent public filings, the company said it operated roughly 43 to 44 properties across 20 states, with online sports betting and iCasino activity in several jurisdictions. Its portfolio includes well-recognized brands such as Hollywood Casino, L’Auberge, ESPN BET, and theScore BET. ([sec.gov](https://www.sec.gov/Archives/edgar/data/921738/000092173824000038/penn-20240930.htm?utm_source=openai)) From a competitive standpoint, PENN is one of the major regional casino operators in the United States, with a strategy centered on using its physical footprint to drive digital customer acquisition and retention. Management highlights the combination of casino operations, media assets, and proprietary technology as the core of its differentiated model. This gives the company exposure to both on-site gaming revenues and higher-growth digital gaming categories, while leveraging brand recognition and customer loyalty programs. ([sec.gov](https://www.sec.gov/Archives/edgar/data/921738/000092173824000038/penn-20240930.htm?utm_source=openai)) Its main business lines include retail casino gaming, online sports betting, iCasino, media/content assets, and customer engagement tools. Geographically, PENN is overwhelmingly U.S.-focused; it is not a global operator, but rather a domestic regional entertainment platform with broad multi-state coverage. The company’s headquarters is in Wyomissing, Pennsylvania, United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/921738/000092173824000038/penn-20240930.htm?utm_source=openai)) A major recent development came in 2025, when PENN announced a strategic reset of its digital sportsbook business following the mutual termination of its U.S. sports betting agreement with ESPN. The company said it would rebrand its U.S. online sportsbook offering to theScore Bet, signaling a renewed emphasis on product integration and digital monetization. For investors, that move marks an important transition period, with the company balancing its mature casino base against ongoing digital repositioning. ([sec.gov](https://www.sec.gov/Archives/edgar/data/921738/000092173825000040/pennex991-q32025.htm?utm_source=openai))