Penn National Gaming Publishes 2021 Corporate Social Responsibility Report
April 26 2022 - 4:20PM
Business Wire
Report Details
Penn’s Commitment to its People, Communities and Planet; Includes
Major New Diversity and Charitable Initiatives Launched in 2021
Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or
the “Company”), North America’s leading provider of integrated
entertainment, sports content and casino gaming experiences,
published today its 2021 Corporate Social Responsibility (“CSR”)
report.
The report details how Penn National is addressing the CSR
matters that are most important to its business and stakeholders
and the progress the company has made in advancing its CSR strategy
over the last year, including: giving back to its team members;
supporting and encouraging diversity; helping the underserved in
its communities; expanding responsible gaming efforts; and being
responsible stewards of the planet’s natural resources.
“This year’s report highlights the many ways in which we are
advancing our corporate social responsibility priorities through
the creation of new and sustainable initiatives that are deeply
impactful and represent our company’s core values,” said Jay
Snowden, CEO and President, Penn National. “We understand the
increasingly important role that Penn plays as a leading employer
and entertainment provider and are committed to achieving our
business objectives the right way. Across Penn, we’re taking action
to build on our 2021 accomplishments and further expand our
company-wide CSR efforts in caring for our team members, our
guests, our communities and our environment.”
Key highlights of Penn National’s 2021 CSR report
include:
- A major new diversity initiative that included the dedication
of more than $4 million to fund a Science, Technology, Engineering
and Mathematic (“STEM”) Scholarship Program in partnership with
Historically Black Colleges and Universities (“HBCUs”) in states
where Penn National operates.
- Committed $1 million to its annual Diversity Scholarship
Program for the children of team members.
- Launch of the myheroes special rewards program for
veterans, active duty service members and first responders, which
reached over 100,000 enrollees in the program.
- Contributed more than $7 million to help fund COVID-19 and
hurricane relief efforts, in addition to supporting charities and
civic organizations in the communities where Penn National
operates.
- Created an Emerging Leaders Program, focused on supporting
hourly and early career team members eager to grow into leadership
positions at Penn.
- Reduced annual Kwh consumption by 10%, equaling 45,000 tons of
greenhouse gas elimination.
- Expanded responsible gaming efforts through increased promotion
of RG messaging across its casino and interactive products.
The full 2021 CSR report is available on the Corporate
Responsibility page of Penn National’s website.
About Penn National Gaming
Penn National Gaming (NASDAQ: PENN) is North America’s leading
provider of integrated entertainment, sports content and casino
gaming experiences. A member of the S&P 500®, Penn operates 44
properties in 20 states, online sports betting in 13 jurisdictions
and iCasino in five under a portfolio of well-recognized brands
including Hollywood Casino, L'Auberge, Barstool Sportsbook and
theScore Bet. Penn’s highly differentiated strategy, which is
focused on organic cross-sell opportunities, is reinforced by its
investments in owned technology, including a state-of-the-art media
and betting platform and an in-house iCasino content studio. The
Company’s portfolio is further bolstered by its industry-leading
mychoice customer loyalty program, which offers its over 25 million
members a unique set of rewards and experiences across business
channels. Penn is deeply committed to fostering a culture that
welcomes a diverse set of customers and dedicated team members. The
Company has been consistently ranked in the top two as “Employer of
First Choice” over the last nine years in the Bristol
Associates-Spectrum Gaming’s Executive Satisfaction Survey. In
addition, as a long-standing good corporate citizen, Penn is also
committed to being a trusted and valued member of its communities
and a responsible steward of our finite natural resources.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220426006234/en/
Eric Schippers Senior Vice President, Public Affairs Penn
National Gaming 610/373-2400
PENN Entertainment (NASDAQ:PENN)
Historical Stock Chart
From May 2024 to Jun 2024
PENN Entertainment (NASDAQ:PENN)
Historical Stock Chart
From Jun 2023 to Jun 2024