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PENN Entertainment, which operates two of Texas’ three Class I thoroughbred racetracks, plans to step up its lobbying for gambling expansion following the Nov. 3 midterm elections, according to SBC Americas.
SBC Americas reported that Republican Gov. Greg Abbott and Lt. Gov. Dan Patrick were ousted in the elections. PENN CEO Jay Snowden described the results as an opportunity for the company to take a more active role in Texas.
“We have got two great assets there and we are ready to play offense,” Snowden said.
PENN’s Texas presence is central to that strategy. Snowden said the company has been investing in the state for decades and believes its racetrack operations could position it to benefit from gambling expansion.
He also pointed to relationships with Texas stakeholders and described the company’s Texas lobbying team as one of its best in the country.
“We will be spending even more time than we typically do in the state of Texas,” Snowden said.
Snowden’s assessment of PENN’s prospects remained conditional on the state moving forward with expansion.
“We will be ready for whatever comes out of Texas, and we think we are positioned as well, if not better, than really anybody in the sector if something does happen,” he said.
If you or someone you know has a gambling problem, call or text the National Problem Gambling Helpline at 1-800-MY-RESET or 800-522-4700.
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Source: As reported by SBC Americas.
