PENN Entertainment Files 2024 10-K
Ticker: PENN · Form: 10-K · Filed: 2025-02-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, gaming, hospitality
TL;DR
PENN Ent. 2024 10-K filed. Full year financials out.
AI Summary
PENN Entertainment, Inc. filed its 2024 10-K report on February 27, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly known as PENN National Gaming Inc., is headquartered in Wyomissing, PA. The filing covers its operations within the Hotels & Motels sector.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of PENN Entertainment's financial health, operational performance, and strategic positioning for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks beyond those typical for a publicly traded company in the gaming and hospitality sector.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 1231 — Fiscal Year End (Indicates the end of the reporting period)
Key Players & Entities
- PENN Entertainment, Inc. (company) — Filer
- PENN National Gaming Inc. (company) — Former company name
- Wyomissing, PA (location) — Headquarters
- 2024-12-31 (date) — Fiscal year end
- 2025-02-27 (date) — Filing date
FAQ
What was PENN Entertainment's former name?
PENN Entertainment, Inc. was formerly known as PENN National Gaming Inc., with a name change date of 19940415.
When was the 10-K filing submitted?
The 10-K filing was submitted on February 27, 2025.
What is the fiscal year end for this report?
The fiscal year end for this report is December 31, 2024.
Where is PENN Entertainment, Inc. headquartered?
PENN Entertainment, Inc. is headquartered in Wyomissing, PA.
What is the Standard Industrial Classification (SIC) code for PENN Entertainment?
The SIC code for PENN Entertainment is 7011, which corresponds to Hotels & Motels.
From the Filing
0000921738-25-000008.txt : 20250227 0000921738-25-000008.hdr.sgml : 20250227 20250227161550 ACCESSION NUMBER: 0000921738-25-000008 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 147 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN Entertainment, Inc. CENTRAL INDEX KEY: 0000921738 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 232234473 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24206 FILM NUMBER: 25679012 BUSINESS ADDRESS: STREET 1: 825 BERKSHIRE BLVD STE 200 STREET 2: WYOMISSING PROFESSIONAL CENTER CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 6103732400 MAIL ADDRESS: STREET 1: 825 BERKSHIRE BLVD STREET 2: SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 FORMER COMPANY: FORMER CONFORMED NAME: PENN NATIONAL GAMING INC DATE OF NAME CHANGE: 19940415 10-K 1 penn-20241231.htm 10-K penn-20241231 0000921738 FALSE 2024 FY http://fasb.org/us-gaap/2024#AccountingStandardsUpdate202006Member 1 0.0427350 0.0555555 0.001 P3Y http://fasb.org/us-gaap/2024#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#AssetImpairmentCharges iso4217:USD xbrli:shares iso4217:USD xbrli:shares penn:state penn:member penn:segment penn:facility xbrli:pure penn:performanceObligation penn:liability penn:loyaltyProgram penn:property penn:unit penn:covenant penn:renewalOption penn:tranche penn:class penn:performancePeriod penn:anniversary penn:period penn:payment penn:lease 0000921738 2024-01-01 2024-12-31 0000921738 2024-06-30 0000921738 2025-02-24 0000921738 2024-12-31 0000921738 2023-12-31 0000921738 us-gaap:SeriesBPreferredStockMember 2024-12-31 0000921738 us-gaap:SeriesBPreferredStockMember 2023-12-31 0000921738 us-gaap:SeriesCPreferredStockMember 2023-12-31 0000921738 us-gaap:SeriesCPreferredStockMember 2024-12-31 0000921738 us-gaap:SeriesDPreferredStockMember 2023-12-31 0000921738 us-gaap:SeriesDPreferredStockMember 2024-12-31 0000921738 penn:CommonStockNonExchangeableMember 2024-12-31 0000921738 penn:CommonStockNonExchangeableMember 2023-12-31 0000921738 penn:CommonStockExchangeableMember 2023-12-31 0000921738 penn:CommonStockExchangeableMember 2024-12-31 0000921738 us-gaap:CasinoMember 2024-01-01 2024-12-31 0000921738 us-gaap:CasinoMember 2023-01-01 2023-12-31 0000921738 us-gaap:CasinoMember 2022-01-01 2022-12-31 0000921738 penn:FoodBeverageHotelAndOtherMember 2024-01-01 2024-12-31 0000921738 penn:FoodBeverageHotelAndOtherMember 2023-01-01 2023-12-31 0000921738 penn:FoodBeverageHotelAndOtherMember 2022-01-01 2022-12-31 0000921738 2023-01-01 2023-12-31 0000921738 2022-01-01 2022-12-31 0000921738 us-gaap:PreferredStockMember 2021-12-31 0000921738 us-gaap:CommonStockMember penn:CommonStockNonExchangeableMember 2021-12-31 0000921738 us-gaap:CommonStockMember penn:CommonStockExchangeableMember 2021-12-31 0000921738 us-gaap:TreasuryStockCommonMember 2021-12-31 0000921738 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000921738 us-gaap:RetainedEarningsMember 2021-12-31 0000921738 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000921738 us-gaap:ParentMember 2021-12-31 0000921738 us-gaap:NoncontrollingInterestMember 2021-12-31 0000921738 2021-12-31 0000921738 us-gaap:CommonStockMember penn:CommonStockNonExchangeableMember 2022-01-01 2022-12-31 0000921738 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000921738 us-gaap:ParentMember 2022-01-01 2022-12-31 0000921738 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0000921738 us-gaap:PreferredStockMember 2022-01-01 2022-12-31 0000921738 us-gaap:CommonStockMember penn:CommonStockExchangeableMember 2022-01-01 2022-12-31 0000921738 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000921738 2021-01-01 2021-12-31 0000921738 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AdditionalPaidI