PENN Entertainment (Nasdaq: PENN) ending ESPN pact, rebranding to theScore Bet on Dec 1, 2025

PENN Entertainment Ending ESPN Pact, Rebranding to theScore Bet on Dec 1, 2025

PENN Entertainment, Inc. (Nasdaq: PENN) reported Q3 revenue of $1,717.3 million, with adjusted EBITDA of $194.9 million and a net loss of $865.1 million. Year-to-date buybacks reached $354.4 million, and a new $750 million buyback program will start in 2026.

Termination of ESPN Online Sports Betting Agreement

The company announced an early termination of its U.S. online sports betting agreement with ESPN, Inc. The exclusivity marketing agreement with ESPN will end on December 1, 2025, as part of a mutual termination agreement.

Key Statements from PENN and ESPN

“When we first announced our partnership with ESPN, both sides made it clear that we expected to compete for a podium position in the space. Although we made significant progress in improving our product offering and building a cohesive ecosystem with ESPN, we have mutually and amicably agreed to wind down our collaboration.”

– Jay Snowden, Chief Executive Officer and President of PENN Entertainment

Snowden also emphasized PENN’s omnichannel strategy and digital realignment:

“PENN’s unique omnichannel strategy is anchored in a diverse portfolio of market-leading regional casinos and a complementary digital business. We are realigning our digital focus to leverage the strength of our U.S. operations.”

Upcoming Changes

This strategic move reflects PENN’s adaptability in a competitive gaming market and its focus on enhancing both physical and digital offerings.

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Stock Titan Stock Titan — 2025-11-06

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