PENN Entertainment Management

Management criteria checks 2/4

PENN Entertainment's CEO is Jay Snowden, appointed in Mar 2017, has a tenure of 7.67 years. total yearly compensation is $15.54M, comprised of 11.6% salary and 88.4% bonuses, including company stock and options. directly owns 0.57% of the company’s shares, worth €16.44M. The average tenure of the management team and the board of directors is 4.3 years and 5.4 years respectively.

Key information

Jay Snowden

Chief executive officer

US$15.5m

Total compensation

CEO salary percentage	11.6%
CEO tenure	7.7yrs
CEO ownership	0.6%
Management average tenure	4.3yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jay Snowden's remuneration changed compared to PENN Entertainment's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$536m
Jun 30 2024	n/a	n/a	-US$1b
Mar 31 2024	n/a	n/a	-US$1b
Dec 31 2023	US$16m	US$2m	-US$490m
Sep 30 2023	n/a	n/a	-US$111m
Jun 30 2023	n/a	n/a	US$737m
Mar 31 2023	n/a	n/a	US$683m
Dec 31 2022	US$14m	US$2m	US$221m
Sep 30 2022	n/a	n/a	US$245m
Jun 30 2022	n/a	n/a	US$208m
Mar 31 2022	n/a	n/a	US$380m
Dec 31 2021	US$66m	US$2m	US$419m
Sep 30 2021	n/a	n/a	US$385m
Jun 30 2021	n/a	n/a	US$441m
Mar 31 2021	n/a	n/a	US$30m
Dec 31 2020	US$4m	US$1m	-US$669m
Sep 30 2020	n/a	n/a	-US$773m
Jun 30 2020	n/a	n/a	-US$871m
Mar 31 2020	n/a	n/a	-US$606m
Dec 31 2019	US$11m	US$1m	US$44m
Sep 30 2019	n/a	n/a	US$94m
Jun 30 2019	n/a	n/a	US$87m
Mar 31 2019	n/a	n/a	US$89m
Dec 31 2018	US$5m	US$1m	US$94m
Sep 30 2018	n/a	n/a	-US$203m
Jun 30 2018	n/a	n/a	US$551m
Mar 31 2018	n/a	n/a	US$514m
Dec 31 2017	US$4m	US$980k	US$473m

Compensation vs Market: Jay's total compensation ($USD15.54M) is above average for companies of similar size in the German market ($USD2.11M).

Compensation vs Earnings: Jay's compensation has increased whilst the company is unprofitable.

CEO

Jay Snowden (48 yo)

7.7yrs

Tenure

US$15,542,305

Compensation

Mr. Jay A. Snowden has been Chief Executive Officer of PENN Entertainment, Inc. (formerly known as Penn National Gaming, Inc.), since January 1, 2020. He has been President at PENN Entertainment, Inc. (for...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jay Snowden	President	7.7yrs	US$15.54m	0.57% € 16.4m
Felicia Kantor Hendrix	Executive VP & CFO	3.7yrs	US$4.01m	0.046% € 1.3m
Todd George	Executive Vice President of Operations	4.8yrs	US$4.48m	0.044% € 1.3m
Christopher Rogers	Executive VP	less than a year	US$2.91m	0.030% € 860.3k
Bryan Goslin	VP & Chief Accounting Officer	less than a year	no data	no data
Aaron LaBerge	Chief Technology Officer	less than a year	no data	no data
Richard Primus	Senior VP & Chief Information Officer	no data	no data	no data
D. Schippers	Senior Vice President of Public Affairs & Chairman of the Penn National Gaming Foundation	no data	no data	no data
Jennifer Weissman	Senior VP & Chief Marketing Officer	9yrs	no data	no data
Wendy Hamilton	Senior VP & Chief Human Resources Officer	no data	no data	no data
Albert Britton	Senior Vice President of Regional Operations	8.5yrs	no data	no data
Rafael Verde	Senior Vice President of Regional Operations	no data	no data	no data

4.3yrs

Average Tenure

53yo

Average Age

Experienced Management: PN1's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jay Snowden	President	5.3yrs	US$15.54m	0.57% € 16.4m
Ronald Naples	Independent Director	11.4yrs	US$315.00k	0.014% € 396.7k
Peter Carlino	Chairman Emeritus	5.4yrs	US$425.00k	no data
John Jacquemin	Director Emeritus	less than a year	US$305.00k	0.081% € 2.3m
Barbara Z. Kohn	Independent Lead Director	20.8yrs	US$330.00k	0.020% € 583.5k
Jane Scaccetti	Independent Director	9.6yrs	US$335.00k	0.053% € 1.5m
David Handler	Independent Chairman	30.8yrs	US$425.01k	0.21% € 6.0m
Saul Reibstein	Independent Director	13.8yrs	US$320.00k	0.025% € 717.0k
Marla Kaplowitz	Independent Director	4yrs	US$325.00k	0.018% € 504.8k
Anuj Dhanda	Independent Director	less than a year	no data	0.021% € 607.5k
Vimla Black Gupta	Independent Director	3.4yrs	US$320.00k	0.022% € 635.7k

5.4yrs

Average Tenure

70yo

Average Age

Experienced Board: PN1's board of directors are considered experienced (5.4 years average tenure).

PENN Entertainment Management

Management criteria checks 2/4

Key information

Recent management updates

President recently bought €905k worth of stock

Independent Chairman recently bought €553k worth of stock

Executive VP & CFO recently bought €232k worth of stock

PENN Entertainment, Inc., Annual General Meeting, Jun 04, 2024

PENN Entertainment Announces Interactive Leadership Transition Scheduled for April 2024

PENN Entertainment, Inc. Appoints Felicia Hendrix as Principal Accounting Officer, Effective as February 25, 2024

Recent updates

Third quarter 2024 earnings released: US$0.24 loss per share (vs US$4.80 loss in 3Q 2023)

PENN Entertainment, Inc. to Report Q3, 2024 Results on Nov 07, 2024

President recently bought €905k worth of stock

Second quarter 2024 earnings released: US$0.18 loss per share (vs US$0.52 profit in 2Q 2023)

PENN Entertainment, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Independent Chairman recently bought €553k worth of stock

Executive VP & CFO recently bought €232k worth of stock

First quarter 2024 earnings released: US$0.76 loss per share (vs US$3.35 profit in 1Q 2023)

Now 20% overvalued

Now 20% overvalued

PENN Entertainment, Inc., Annual General Meeting, Jun 04, 2024

PENN Entertainment, Inc. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings released: US$3.22 loss per share (vs US$1.37 profit in FY 2022)

Penn National Gaming, Inc. Announces Impairment Losses for the Fourth Quarter Ended December 31, 2023

Penn National Gaming, Inc. Announces Impairment Losses for the Fourth Quarter Ended December 31, 2023

PENN Entertainment Announces Interactive Leadership Transition Scheduled for April 2024

HG Vora Capital Management Sends a Letter to PENN Entertainment

PENN Entertainment, Inc. to Report Q4, 2023 Results on Feb 15, 2024

HG Vora Capital Management, LLC Engages in Discussion with PENN Entertainment, Inc

PENN Entertainment, Inc. Appoints Felicia Hendrix as Principal Accounting Officer, Effective as February 25, 2024

New major risk - Financial position

Third quarter 2023 earnings released: US$4.80 loss per share (vs US$0.78 profit in 3Q 2022)

New major risk - Share price stability

PENN Entertainment, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Independent Chairman recently bought €418k worth of stock

Investor sentiment deteriorates as stock falls 15%

New major risk - Revenue and earnings growth

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.51 (vs US$0.16 in 2Q 2022)

PENN Entertainment, Inc. to Report Q2, 2023 Results on Aug 09, 2023

New minor risk - Share price stability

Independent Lead Director recently sold €750k worth of stock

Christine LaBombard Retires as Senior Vice President and Chief Accounting Officer of PENN Entertainment, Inc

First quarter 2023 earnings released: EPS: US$3.36 (vs US$0.31 in 1Q 2022)

PENN Entertainment, Inc. (NasdaqGS:PENN) completed the acquisition of remaining 64% stake in Barstool Sports, Inc. for approximately $410 million.

Full year 2022 earnings released: EPS: US$1.38 (vs US$2.64 in FY 2021)

PENN Entertainment, Inc. Provides Revenue Guidance for the Full Year of 2023

PENN Entertainment, Inc. to Report Q4, 2022 Results on Feb 02, 2023

PENN Entertainment, Inc. (NasdaqGS:PENN) announces an Equity Buyback for $750 million worth of its shares.

Third quarter 2022 earnings released: EPS: US$0.78 (vs US$0.55 in 3Q 2021)

PENN Entertainment, Inc. Reiterates Earnings Guidance for the Year 2022

Investor sentiment improved over the past week

PENN Entertainment, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Bally's Corporation (NYSE:BALY) completed the acquisition of Tropicana Las Vegas Hotel and Casino, Inc. from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) and Penn National Gaming, Inc. (NasdaqGS:PENN) for approximately $150 million.

PENN Entertainment, Inc. (NasdaqGS:PENN) exercised the call rights to acquire the remainiing 64% stake in Barstool Sports, Inc.

PENN Entertainment, Inc. Reiterates Financial Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: US$0.16 (vs US$1.27 in 2Q 2021)

Penn National Gaming, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.31 (vs US$0.58 in 1Q 2021)

Penn National Gaming, Inc. Revises Earnings Guidance for the Year 2022

Investor sentiment deteriorated over the past week

Penn National Gaming, Inc. to Report Q1, 2022 Results on May 05, 2022

Investor sentiment deteriorated over the past week

Independent Director recently bought €86k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Penn National Gaming, Inc. (NasdaqGS:PENN) announces an Equity Buyback for $750 million worth of its shares.

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.55 (vs US$1.02 in 3Q 2020)

Investor sentiment improved over the past week

Everi Holdings Inc. and Penn National Gaming to Launch Digital Cashclub Wallet® Technology At Penn National Casinos

Penn National Gaming, Inc. (NasdaqGS:PENN) entered into a definitive agreement to acquire remaining stake in Score Media and Gaming Inc. (TSX:SCR) from John Levy Family Holdings Ltd., Relay Ventures and others for approximately $2 billion.

Second quarter 2021 earnings released: EPS US$1.27 (vs US$1.69 loss in 2Q 2020)

High number of new directors

Penn National Gaming, Inc. (NasdaqGS:PENN) completed the acquisition of operations of Hollywood Casino Perryville in Maryland from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI).

Penn National Gaming, Inc.(NasdaqGS:PENN) dropped from Russell 2000 Value Index

Penn National Gaming, Inc. Provides Earnings Guidance for the Three Months Ended June 30, 2021

Penn National Gaming to Launch Barstool Sportsbook Mobile App in Indiana

First quarter 2021 earnings released: EPS US$0.58 (vs US$5.26 loss in 1Q 2020)