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Penn Entertainment Plans to ‘Play Offense’ on Texas Gambling

Penn Entertainment CEO Jay Snowden sees a fresh opening for Texas gambling expansion following the midterm elections, building on the company’s longstanding horse racing presence.
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Penn Entertainment plans to “play offense” in Texas as it advocates for gambling expansion, CEO Jay Snowden said on a third-quarter earnings call.

The company sees a fresh opportunity following the midterm elections, according to CDC Gaming Reports.

The outlet reported that Tuesday’s voting shifted several key Texas leadership positions. Penn was encouraged by election results in several states.

Snowden pointed to the company’s longstanding investments in Texas. He said the state had rarely been a topic of discussion on Penn’s earnings calls, despite decades of investment.

“We have been operating in the gaming space through horse racing in Texas for a long time,” Snowden said.

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Source: As reported by CDC Gaming Reports.

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