Finally, on May 15, we will launch a new initiative to honor our active-duty military, veterans and first responders. Last month, we hosted companywide ‘Days of Listening’ to gather feedback from team members on all matters of diversity and inclusion.

In addition, we implemented a supplier diversity initiative with the goal of developing new opportunities for minority-owned businesses. With an annual commitment of $1 million, we plan to extend up to 65 scholarships this year.

Highlights include the launch of a new Diversity Scholarship program in March, which reflects our commitment to equity in post-secondary education opportunities for the children of our team members. “Last month we filed our proxy statement which included an in-depth ESG report on our ongoing efforts to care for our people, our communities and our planet. This milestone is a testament to the hard work, determination and commitment of all our team members at the property and corporate levels as well as our valued partners at Barstool Sports. Equally exciting was our inclusion in the S&P 500 in March, which underscores the investment community’s confidence in our digital transformation and our position as the nation’s largest regional gaming operator. In addition, we fully integrated our my choice player loyalty program across all our retail and digital offerings, which bolsters Penn National’s ecosystem and further expands our competitive advantage.

Jay Snowden, President and Chief Executive Officer, commented: “Penn National kicked off the year with record results in Q1 2021 from our land-based business and the launch of our online Barstool Sportsbook in Michigan and Illinois.

(NASDAQ: PENN) (“Penn National” or the “Company”) today reported financial results for the three months ended March 31, 2021. WYOMISSING, Pa.-(BUSINESS WIRE)-May 6, 2021. Focus Remains on Driving Profitable Online Gaming Revenue with Q1 Launches in Michigan and Illinois. PENN Generated First Quarter Net Income Margin of 7% and Record First Quarter Adjusted EBITDAR Margin of 35%, Benefiting from Strong Demand at Land-Based Casinos and More Efficient Cost Structure.

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