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PENN holds “strategic optionality and control” over future, says CEO
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PENN holds “strategic optionality and control” over future, says CEO
PENN Entertainment CEO Jay Snowden has said the operator has “strategic optionality and control” over its future heading into 2026, when a break clause over ESPN Bet could be enacted. Speaking on an analyst call following the firm’s Q1 2025 earnings release, Snowdon said that while ESPN parent company Disney remained committed to the venture, the option was still there. PENN and Disney entered a 10-year, $1.5bn licensing deal in the summer of 20…
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