PENN Entertainment, Inc. (NASDAQ:PENN) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET

Company Participants

Joseph Jaffoni - JCIR

Jay Snowden - President, CEO & Director

Felicia Hendrix - EVP & CFO

Todd George - EVP, Operations

Conference Call Participants

Carlo Santarelli - Deutsche Bank

Shaun Kelley - Bank of America Merrill Lynch

Barry Jonas - Truist Securities

Brandt Montour - Barclays Bank

Stephen Grambling - Morgan Stanley

Daniel Politzer - Wells Fargo Securities

Daniel Guglielmo - Capital One Securities

Jason Tilchen - Canaccord Genuity

Ryan Sigdahl - Craig-Hallum

John DeCree - CBRE Securities

Joseph Stauff - Susquehanna Financial Group

David Katz - Jefferies

Operator

Greetings, and welcome to the Penn Entertainment Third Quarter 2023 Results Conference Call. [Operator Instructions]. I would now like to turn the conference over to Mr. Joe Jaffoni, Investor Relations. Please go ahead.

Joseph Jaffoni

Thanks, Frank. Good morning, and thank you for joining Penn Entertainment's 2023 Third Quarter Conference Call. We'll get to management's presentation and comments momentarily as with Q&A. During the Q&A, we ask that everyone please limit themselves to 1 question and 1 follow-up.

Now I'll review the safe harbor disclosure. Please note that today's discussion contains forward-looking statements. Forward-looking statements involve risks, assumptions and uncertainties that could cause actual results to differ materially. For more information, please see our press release for details on specific risk factors. It's now my pleasure to turn the call over to your host, Penn Entertainment CEO, Jay Snowden. Jay, please go ahead.

Jay Snowden

Thanks, Joe. Good morning, everyone. I have with me here in our CFO, Felicia Hendrix; and our Head of Operations, Todd George, as well as other members of my executive team, who can help answer your questions during the question and answer at the end. .

And it was a pleasure to host many of you at our recent Investor Event at the M Resort in Las Vegas during G2E. For those unable to attend Mike Morrison, Head of Sports Betting and Fantasy Sports at ESPN and I spoke about our highly synergistic strategic alliance and the deep integration of ESPN BET across the ESPN ecosystem.

I couldn't be more pleased with the way our products and design, engineering, marketing and operations teams, ESPN and Penn, have seamlessly and tirelessly worked together to prepare us for this launch coming up on November 14 pending final approvals. Yesterday, we released a teaser on the ESPN BET landing page featuring Sports Center anchor, Scott Van Pelt. If you haven't seen it yet, there's a link to the video on Page 10 in our investor presentation.