Penn National Gaming, Inc (OQ:PENN)

Business Focus: Casinos

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
See Regulatory Filings on SEC
Company Contact
Address: 825 Berkshire Blvd Ste 200
READING PA 19610-1247
Tel: 1-212-8358500
IR: See website
Key People
David A. Handler
Chairman of the Board
Jay A. Snowden
President, Chief Executive Officer, Director
William J. Fair
Chief Financial Officer and Principal Financial Officer, Executive Vice President, Treasurer
Carl Sottosanti
Executive Vice President, General Counsel, and Secretary
Todd George
Vice President, Operations
Christine LaBombard
Senior Vice President, Chief Accounting Officer and Principal Accounting Officer
Jon Kaplowitz
Senior Vice President - Interactive Gaming
Chris Rogers
Senior Vice President, Chief Strategy Officer
Business Overview
Penn National Gaming, Inc. (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Greektown Casino-Hotel in Detroit, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo. The South/West segment consists of various properties, such as Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort and Tropicana Las Vegas. The Midwest segment consists of various properties, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside and Hollywood Casino Lawrenceburg. The Other category consists of the Company's standalone racing operations, including Rosecroft Raceway and Sanford-Orlando Kennel Club.
Financial Overview
For the nine months ended 30 September 2019, Penn National Gaming, Inc revenues increased 63% to $3.96B. Net income increased 1% to $136.4M. Revenues reflect South segment increase of 1% to $282.2M. Net income was partially offset by Impairment of Fixed Assets decrease from $16.4M (income) to $0K, Stock-based Compensation in SGA increase of 18% to $10.4M (expense).
Employees: 25,750 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $9,356M as of Sep 30, 2019
Annual revenue (TTM): $5,115M as of Sep 30, 2019
EBITDA (TTM): $1,137M as of Sep 30, 2019
Net annual income (TTM): $94.41M as of Sep 30, 2019
Free cash flow (TTM): $315.57M as of Sep 30, 2019
Net Debt Last Fiscal Year: $6,428M as of Sep 30, 2019
Shares outstanding: 115,912,626 as of Oct 31, 2019
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization