Penn Entertainment posts record third-quarter revenue

Penn Entertainment Thursday morning reported financial results for third quarter, including record revenue. Revenue reached $1.5 billion, Adjusted EBITDAR was $501.8 million, and Segment Adjusted EBITDAR margins were 33.7%. “Penn’s third quarter results were highlighted by strong year-over-year growth in retail segment Adjusted EBITDAR, continued progress toward interactive profitability, and further balance sheet deleveraging,” Penn Entertainment CEO Jay Snowden said in a statement. “Our retail segment achieved record third quarter revenue, reflecting broad-based strength across the portfolio, including our completed development projects. “Sustained revenue growth in U.S.