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Penn Entertainment Announced its online gaming platform on Thursday Barstool Sportsbook & Casino and HollywoodCasino.com are RG Check iGaming Certified Responsible Gambling Council.
Subsidiaries of the company Penn Interactive become First US carrier to voluntarily accept this certificationwhich the company says is widely regarded as “one of the most comprehensive responsible gambling certification programs in the world”.
Penn is now RG Check accredited in its interactive division and its subsidiary “theScore Bet” is securing accreditation ahead of its Ontario launch. At the time, theScore Bet became the first prospective private market operator in Ontario to receive certification.
The company's launch campaign in Ontario
Chris Soriano, Vice President and Chief Compliance Officer, Penn Entertainmentsaid: “Penn is committed to being at the forefront of responsible gaming, and this accreditation of our online platform further strengthens our top-notch RG program.”
“We have and will continue to proactively invest in valuable training and resources to ensure we provide the safest environment possible Let players enjoy the game responsibly. Choosing to accept and be certified following a thorough review of our operations demonstrates that we are acting to the highest standards of RG programming,” he added.
Shelley White, Chief Executive Officer, Responsible Gambling Council (RGC)adding: “The RGC would like to congratulate PENN Interactive for its RG Check accreditation for US sites: Barstool Sportsbook and HollywoodCasino.com. This achievement reaffirms its commitment to player protection More importantly, making responsible gambling a priority for their operations. “
“RG Check provides operators with valuable insights into their RG programming and an actionable roadmap for continuous improvement. The RGC is pleased to continue to support PENN Interactive’s harm minimization work across jurisdictions,” she commented.
The RG Check was developed by the Responsible Gambling Council in consultation with policy makers, global gambling providers, players and those who have suffered harm from gambling. The certification process helps gaming operators assess, monitor and manage all aspects of their RG strategy.
Jay Snowden, Penn's CEO.
In other recent news, last weekPenn Entertainment shares its financial results Q4 2022. During the fourth quarter, casinos and bookmakers saw Revenue rose slightly, up 0.8% to $1.6 billion. While revenues were exactly in line with expectations, Profit from the company’s interactive gaming businessnotably, as sportsbooks spend more on marketing and promotions during football season, it’s harder to deliver in the third and fourth quarters.
The last quarter of last year also saw Net income was $20.8 million and net margin was 1.3%, down This compares with the previous year’s revenue of $44.8 million and a profit margin of 2.8%. Adjusted EBITDA of $438.3 million, up nearly 19% year-over-year.
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