Penn Entertainment has released its Q4 2023 results， with total revenue coming to $1.4bn. Falling 12% from the $1.59bn reported in the previous year's Q4， the drop in revenue was not Penn’s only metric decrease， with both adjusted EBITDAR and net income reporting a loss. This is notable as in Q4 2022， both of these metrics saw a profit. 

Northeast

Penn’s Northeast segment includes properties such as Ameristar East Chicago， Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo， among several others. The quarter made only slightly less than Q4 2022， down 0.6% for revenue of $662.9m. Adjusted EBITDAR was $192.5m， down 6.1% from the previous quarter.  

Despite this， the Northeast segment made more across the entirety of 2023 than 2022， generating $2.74bn， up 1.6% from last year. 

South 

The South segment includes properties such as Boomtown New Orleans， Hollywood Casino Gulf Coast and Margaritaville Resort Casino among others. The decrease in revenue from this segment was more substantial， down 6.3% year-on-year. Adjusted EBITDAR faired slightly better，Online Casino Games down 4.6%. 

Yearly revenue was also down from 2022， reporting $1.22bn compared to last year's $1.31bn.