Penn National Gaming, Inc (OQ:PENN)

Business Focus: Casinos

Aug 21, 2019 10:00 am ET
Penn National Gaming Set to Launch Sports Betting at Hollywood Casino Lawrenceburg on September 1st
Timothy J. Wilmott, Chief Executive Officer, commented: “Penn National is excited to soon begin offering sports wagering for our customers in Southeast Indiana. The enthusiasm around sports betting has been growing since the federal ban was repealed last year, and we look forward to providing our patrons with another great amenity to enjoy at our facility.”
Aug 19, 2019 10:08 am ET
Penn National Gaming Set to Launch Sports Betting at Ameristar Casino East Chicago on September 1st
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that Ameristar Casino East Chicago expects to begin offering sports betting at Ameristar Casino East Chicago on September 1st, subject to any required regulatory approvals.
Aug 07, 2019 03:20 pm ET
Penn National Gaming Set to Launch Sports Betting at Ameristar Casino Council Bluffs on August 15th
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that Ameristar Casino Council Bluffs expects to begin offering sports betting on August 15th.
Aug 01, 2019 07:00 am ET
Penn National Gaming Announces Executive Management Transition Plan
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or the “Company”) today announced that in connection with its ongoing succession process, Timothy J. Wilmott informed the Company’s Board of Directors of his decision to retire as Chief Executive Officer of the Company and as a member of the Board at the end of 2019. Effective January 1, 2020, the Board of Directors has appointed Jay Snowden, who since 2014 has served as Chief Operating Officer and since 2017 as President, to succeed Mr. Wilmott. Mr. Snowden was also appointed to Penn National’s Board of Directors effective immediately
Aug 01, 2019 07:00 am ET
Penn National Gaming Reports Second Quarter Operating Income of $198.4 Million, Net Income of $51.4 Million, Adjusted EBITDAR of $406.5 Million, and Adjusted EBITDA, After Lease Payments of $191.6 Mil
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today reported financial results for the three and six months ended June 30, 2019, initiated 2019 third quarter guidance, and increased full year 2019 guidance.
Jul 31, 2019 07:00 pm ET
Penn National Gaming Announces Strategic Partnerships With Leading Sports Book Operators for Online Sports Betting and iGaming Market Access to the Nation’s Largest Regional Gaming Portfolio
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has entered into multi-year agreements with leading sports betting operators DraftKings, PointsBet, theScore and The Stars Group for online sports betting and iGaming market access across the Company’s portfolio. Penn Interactive Ventures, LLC (“PIV”), a wholly owned subsidiary of the Company, will manage the relationships, in addition to operating the Company’s primary sports betting and iGaming initiatives through a new partnership with leading service provider Kambi.
Jul 18, 2019 10:00 am ET
Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on August 1
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2019 second quarter financial results at 7:00 a.m. ET on Thursday, August 1, 2019 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, August 1, 2019. Both the call and webcast are open to the general public.
Jun 12, 2019 01:30 pm ET
Penn National Gaming Receives Regulatory Approval for Hollywood Casino Morgantown
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has received licensing approval from the Pennsylvania Gaming Control Board (“PGCB”) and will soon begin construction of its Category 4 Hollywood Casino Morgantown on a vacant 36-acre site in Caernarvon Township, Berks County. The planned facility will be adjacent to the intersections of three major roadways: the Pennsylvania Turnpike (I-76), I-176, and the Morgantown Expressway (Rt. 10).
May 23, 2019 04:01 pm ET
Penn National Gaming Completes Acquisition of Greektown Casino-Hotel
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it completed the purchase of the operations of Greektown Casino-Hotel in Detroit, Michigan (“Greektown”) from JACK Entertainment, LLC for approximately $300 million in cash. The transaction was financed with a combination of cash on hand and incremental borrowings under the Company’s revolving credit facility. The purchase price represents a multiple of approximately 6.3x anticipated annual run-rate adjusted EBITDA, inclusive of synergies to
May 20, 2019 07:30 am ET
Thasos Launches QStreams, Offering Quantitative Hedge Funds Unprecedented Insight Into Consumer Foot Traffic
NEW YORK, May 20, 2019 /PRNewswire/ -- Thasos, an alternative data intelligence firm that transforms real-time locations from mobile phones into objective and actionable insights, today announced the launch of its real-time foot traffic product, QStreams. Developed specifically for quantitative hedge funds, QStreams is the most comprehensive dataset available that is based on high-quality mobile phone location data. Thasos has partnered with Battle of the Quants to make QStreams available free of charge for a limited time via an exclusive beta program starting May 21, 2019....
May 02, 2019 07:00 am ET
Penn National Gaming Reports Record First Quarter Operating Income of $182.4 Million, Net Income of $41.0 Million, and Adjusted EBITDA, After Lease Payments of $183.5 Million
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today reported record financial results for the three months ended March 31, 2019, initiated 2019 second quarter guidance, updated full year 2019 guidance, and increased its expectations for cost synergies associated with its October 2018 acquisition of Pinnacle Entertainment, Inc.
Apr 18, 2019 10:00 am ET
Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on May 2
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2019 first quarter financial results at 7:00 a.m. ET on Thursday, May 2, 2019 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, May 2, 2019. Both the call and webcast are open to the general public.
Apr 18, 2019 09:00 am ET
Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties
Luxury gaming manufacturer and electronic table game (ETG) market leader, Interblock, announced today their partnership with Penn National Gaming Inc. (PENN: Nasdaq) (“Penn National” or the “Company”).   The corporate partnership agreement...
Apr 16, 2019 07:05 pm ET
Penn National Gaming to Close Resorts Casino Tunica
Penn National Gaming, Inc. (PENN: NASDAQ) (“Penn National” or the “Company”), today announced plans to close the Resorts Casino in Tunica, Mississippi effective June 30, 2019, subject to regulatory approvals.
Mar 28, 2019 07:35 am ET
Consolidated Research: 2019 Summary Expectations for Penn National Gaming, Nomad Foods, Americold Realty Trust, Cboe Global Markets, Eagle Pharmaceuticals, and National Commerce — Fundamental Analysis
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of Penn National Gaming, Inc. (NASDAQ:PENN), Nomad Foods Limited (NYSE:NOMD),...
Mar 04, 2019 02:26 pm ET
Hollywood Casino Aurora Hosting Multi-Week Fundraiser for the Aurora Strong Foundation and Association of Professional Police Officers
Hollywood Casino Aurora (“Hollywood Casino” or the “Casino”), with support from its parent company Penn National Gaming, Inc., kicked off a multi-week fundraiser on February 22nd to raise money for the Aurora Strong Foundation and Association of Professional Police Officers. Proceeds raised from food outlets, team members, raffles, and auctions will be donated to the charities to support the families of the victims of the tragedy that took place on February 15th at the Henry Pratt Company. The Penn National Gaming Foundatio
Feb 13, 2019 07:00 am ET
Gaming and Leisure Properties, Inc. Announces Fourth Quarter and Full Year 2018 Results
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), the first gaming-focused real estate investment trust (“REIT”) in North America, today announced results for the quarter and full year ended December 31, 2018. Chief Executive...
Feb 07, 2019 07:00 am ET
Penn National Gaming Reports Record Fourth Quarter Net Revenues of $1.155 Billion and Operating Income of $124.4 Million
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today announced financial results for the three months and year ended December 31, 2018 and established 2019 first quarter and full year guidance. The financial results for the three months and year ended December 31, 2018 reflect the acquisition of Pinnacle Entertainment, Inc. (“Pinnacle”) on October 15, 2018 (and the divestiture of four Pinnacle properties simultaneous with the completion of the transaction).
Feb 04, 2019 04:01 pm ET
Penn National Gaming Names Jon Kaplowitz Senior Vice President of Interactive Gaming
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that Jon Kaplowitz has been appointed Senior Vice President of Interactive Gaming effective February 11, 2019, subject to customary regulatory approvals. Mr. Kaplowitz will assume leadership of the Company’s Penn Interactive Ventures (“PIV”) operations from Chris Sheffield who is leaving Penn National to pursue other opportunities. Mr. Kaplowitz will report directly to Penn National’s President and Chief Operating Officer, Jay Snowden.
Jan 30, 2019 08:20 am ET
Detailed Research: Economic Perspectives on Unilever, Penn National Gaming, Healthcare Services Group, Cimarex Energy, Kinross Gold, and NOW — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Unilever PLC (NYSE:UL), Penn National Gaming, Inc. (NASDAQ:PENN),...
Jan 28, 2019 10:00 am ET
Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 7
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2018 fourth quarter financial results at 7:00 a.m. ET on Thursday, February 7, 2019 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, February 7, 2019. Both the call and webcast are open to the general public.
Jan 09, 2019 03:00 pm ET
Penn National Gaming Board of Directors Authorizes New $200 Million Share Repurchase Program
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that its Board of Directors approved a new $200 million share repurchase program. The new two-year authorization (which will expire on December 31, 2020) is incremental to the Company’s existing share repurchase program, which is set to expire in February of 2019.
Jan 07, 2019 07:30 am ET
Rutter’s Selects Penn National Gaming as Its Operator for Video Gaming Terminals in Pennsylvania
Rutter’s announced today that it has chosen Marquee by Penn, LLC, an affiliate of Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National”), as its Terminal Operator for Video Gaming Terminals (“VGTs”) in Pennsylvania. Twenty Rutter’s establishments in the Commonwealth are expected to initially qualify to host VGTs.
Jan 02, 2019 04:15 pm ET
Penn National Gaming Completes Acquisition of Margaritaville Resort Casino Operations
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that it completed the purchase of the operations of Margaritaville Resort Casino in Bossier City, Louisiana (“Margaritaville”), for total consideration of $115 million. The transaction was financed with incremental borrowings under the Company’s revolving credit facility with the purchase price representing a multiple of approximately 5.0x expected trailing twelve months adjusted earnings before interest, taxes, depreciation, amortization, and mana
Dec 18, 2018 11:00 am ET
DraftKings Prepares to Launch Sports Betting in West Virginia
BOSTON, Dec. 18, 2018 /PRNewswire/ -- DraftKings Inc. announced today that it has reached a licensing agreement with an affiliate of Penn National Gaming, Inc. (NASDAQ: PENN), the operator of Hollywood Casino at Charles Town Races in West Virginia. The agreement allows sports fans in the Mountain State to access DraftKings Sportsbook, the leading mobile and online sports betting platform, pending regulatory approvals. ...
Nov 29, 2018 06:30 am ET
Alliance Data To Launch Co-Brand Credit Card Loyalty Program For Penn National Gaming, North America's Largest Regional Gaming Operator
PLANO, Texas, Nov. 29, 2018 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced its Columbus, Ohio‑based card services business, a premier provider of branded private label, co-brand and business card programs, has signed a new agreement to provide co-brand credit card services for Penn National Gaming (NASDAQ: PENN), North America's largest regional gaming and entertainment company, subject to any requisite regulatory approvals. The credit card program will expand and enrich Penn National's ...
Nov 14, 2018 06:05 am ET
Penn National Gaming Enters into Definitive Agreement to Acquire Operations of Greektown Casino-Hotel
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”), announced today that it has entered into a definitive agreement to acquire the operations of Greektown Casino-Hotel in Detroit, Michigan (“Greektown”) for approximately $300 million in cash.
Nov 06, 2018 07:45 am ET
New Research Coverage Highlights Penn National Gaming, PBF Logistics LP, Floor & Decor, Applied Industrial Technologies, ConforMIS, and SMART Global — Consolidated Revenues, Company Growth, and Expect
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Penn National Gaming, Inc. (NASDAQ:PENN), PBF Logistics LP (NYSE:PBFX),...
Nov 05, 2018 02:00 pm ET
Everi and Penn National Gaming Extend Cash Access Services Agreement
Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and financial technology solutions, announced today a four-year extension of its cash advance, ATM, check warranty,...
Nov 01, 2018 07:00 am ET
Gaming and Leisure Properties, Inc. Announces Third Quarter 2018 Results
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), the first gaming-focused real estate investment trust (“REIT”) in North America, today announced results for the quarter ended September 30, 2018. Financial Highlights   Three...
Nov 01, 2018 07:00 am ET
Penn National Gaming Reports Third Quarter Income from Operations of $155.8 Million and Adjusted EBITDA after Master Lease Payments of $114.5 Million
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today announced financial results for the three and nine months ended September 30, 2018, and provided 2018 fourth quarter and updated full year guidance.
Oct 31, 2018 09:56 am ET
Penn National Gaming Files Application for Hollywood Casino Morgantown
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has filed an application with the Pennsylvania Gaming Control Board (“PGCB”) for Hollywood Casino Morgantown, the Company’s second Category 4 satellite gaming facility, to be located on a vacant 36-acre site in Caernarvon Township, Berks County. The planned facility will be near the intersections of three major roadways: the Pennsylvania Turnpike (I-76), I-176, and the Morgantown Expressway (Rt. 10).
Oct 25, 2018 04:31 pm ET
IGT Signs Digital Platform and Content Agreement with Penn National Gaming for Online Gaming in Pennsylvania
LONDON, Oct. 25, 2018 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company signed a five-year agreement with Penn Online Entertainment, LLC, a subsidiary of Penn National Gaming's (NASDAQ: PENN) Penn Interactive Ventures ("PIV") for its PlayDigital division to provide a full suite of digital gaming products, including the platform, and services for the newly regulated Pennsylvania online gaming market. ...
Oct 18, 2018 10:00 am ET
Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on November 1
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2018 third quarter financial results at 7:00 a.m. ET on Thursday, November 1, 2018 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, November 1, 2018. Both the call and webcast are open to the general public.
Oct 15, 2018 08:36 am ET
Gaming and Leisure Properties, Inc. Announces Completion of Acquisitions and Lease Modifications to Accommodate the Acquisition of Pinnacle Entertainment, Inc. by Penn National Gaming, Inc.
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company completed the previously announced property acquisitions and lease modifications with Penn National Gaming, Inc. (NASDAQ:PENN) ("Penn"), Pinnacle Entertainment,...
Oct 15, 2018 08:30 am ET
Penn National Gaming Completes Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it completed its previously announced acquisition of Pinnacle Entertainment, Inc. (PNK: Nasdaq) (“Pinnacle”) as well as the related divestitures to Boyd Gaming Corporation (BYD: NYSE) (“Boyd”) and the real estate transactions with Gaming and Leisure Properties, Inc. (GLPI: Nasdaq) (“GLPI”).
Oct 15, 2018 08:15 am ET
New Research: Key Drivers of Growth for Martin Marietta Materials, Care, Infinera, Penn National Gaming, FTI Consulting, and Geo Group — Factors of Influence, Major Initiatives and Sustained Productio
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Martin Marietta Materials, Inc. (NYSE:MLM), Care.com, Inc. (NYSE:CRCM),...
Oct 04, 2018 06:02 pm ET
Fortinet Set to Join S&P 500; ASGN and Penn National Gaming to Join S&P MidCap 400; Veritex Holdings and The Chefs' Warehouse to Join S&P SmallCap 600
NEW YORK, Oct. 4, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:...
Oct 03, 2018 05:50 pm ET
Penn National Gaming Secures Approval from Nevada Gaming Regulators in Connection with Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at meetings today, the Company received approval from the Nevada Gaming Commission (“NGC”) and Nevada Gaming Control Board (“NGCB”) in connection with its pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle Entertainment”), subject to customary conditions. Today’s approvals represents the final required regulatory approvals necessary to complete the transaction and Penn National anticipates closing the transaction in mid-October,
Oct 02, 2018 03:15 pm ET
Penn National Gaming Secures Federal Trade Commission Clearance of Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn” or the “Company”) announced today that the Federal Trade Commission (“FTC”) has cleared its pending acquisition of Pinnacle Entertainment, Inc. (PNK: Nasdaq) (“Pinnacle”), subject to the previously agreed divestitures of four Pinnacle properties to Boyd Gaming Corporation. The completion of the proposed transaction is contingent on the receipt of approval from one jurisdiction, as well as certain other customary conditions. The Company continues to expect to complete the transaction early in the
Sep 20, 2018 02:30 pm ET
Penn National Gaming Secures Approval from The Colorado Division of Gaming in Connection with Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at a meeting today, the Company received approval from The Colorado Division of Gaming (“CDG”) in connection with its pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle Entertainment”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.
Sep 12, 2018 09:30 am ET
Penn National Gaming Files Application for Hollywood Casino York
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has filed an application with the Pennsylvania Gaming Control Board (“PGCB”) for Hollywood Casino York, the Company’s first Category 4 satellite gaming facility, to be located at the York Galleria Mall in Springettsbury Township, Pennsylvania.
Aug 29, 2018 02:15 pm ET
Penn National Gaming Secures Approval from Missouri Gaming Commission in Connection with Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at a meeting today, the Company received approval from the Missouri Gaming Commission (“MGC”) in connection with its pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle Entertainment”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.
Aug 23, 2018 02:30 pm ET
Penn National Gaming Secures Approval from Iowa Racing and Gaming Commission in Connection with Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at a meeting held today, the Company received approval from the Iowa Racing and Gaming Commission (“IRGC”) in connection with its pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle Entertainment”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.
Aug 17, 2018 11:00 am ET
Penn National Gaming Set to Launch Sports Betting at Hollywood Casino at Charles Town Races on September 1st
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that they expect to begin offering sports betting at Hollywood Casino at Charles Town Races on September 1st. The Company’s West Virginia sports book will be managed by William Hill US, the largest sports betting operator in the United States.
Aug 16, 2018 10:30 am ET
Penn National Gaming Set to Launch Sports Betting at Its Five Mississippi Casinos
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that the Company expects to begin offering sports betting at Hollywood Casino Gulf Coast and Boomtown Casino Biloxi on August 17th, 2018, and at Hollywood Casino Tunica, 1st Jackpot Casino Tunica, and Resorts Casino Tunica on August 24th, 2018.
Aug 14, 2018 01:45 pm ET
Penn National Gaming Secures Approvals from the Massachusetts Gaming Commission and Texas Racing Commission in Connection with Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at separate meetings today, the Company received approvals from the Massachusetts Gaming Commission (“MGC”) and the Texas Racing Commission (“TRC”) in connection with its pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle Entertainment”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.
Aug 13, 2018 08:10 am ET
Investor Expectations to Drive Momentum within Microvision, NCR, Sealed Air, Penn National Gaming, M&T Bank, and Hawaiian Electric Industries — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Microvision, Inc. (NASDAQ:MVIS), NCR Corporation (NYSE:NCR), Sealed Air...
Aug 01, 2018 07:00 am ET
Gaming and Leisure Properties, Inc. Announces Second Quarter 2018 Results
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), the first gaming-focused real estate investment trust (“REIT”) in North America, today announced results for the quarter ended June 30, 2018. Financial Highlights   Three Months...
Jul 27, 2018 08:00 am ET
Pinnacle Entertainment Will Report 2018 Second Quarter Financial Results
Pinnacle Entertainment, Inc. (NASDAQ:PNK) announced today that it will release its 2018 second quarter financial results on Thursday, August 2, 2018. Pending MergerAs previously announced, on December 17, 2017, Pinnacle Entertainment, Inc....
Jul 26, 2018 12:22 pm ET
Penn National Gaming Reports Record Second Quarter Income from Operations and Exceeds Guidance for Adjusted EBITDA
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today announced financial results for the three and six months ended June 30, 2018, and initiated 2018 third quarter guidance.
Jul 19, 2018 12:45 pm ET
Penn National Gaming Secures Approvals from the Ohio Casino Control Commission and Louisiana Gaming Control Board in Connection with Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that, at separate meetings yesterday and today, the Company received approvals from the Ohio Casino Control Commission (“OCCC”) and the Louisiana Gaming Control Board (“LGCB”) in connection with the Company’s pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle Entertainment”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other
Jul 12, 2018 10:00 am ET
Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 26
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2018 second quarter financial results at 7:00 a.m. ET on Thursday, July 26, 2018 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, July 26, 2018. Both the call and webcast are open to the general public.
Jun 28, 2018 05:00 pm ET
Penn National Gaming Secures Indiana Gaming Commission Approval of Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at its meeting today, the Indiana Gaming Commission (“IGC”) approved the Company’s pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals as well as certain other conditions.
Jun 19, 2018 07:00 am ET
Penn National Gaming Enters into Definitive Agreement to Acquire Operations of Margaritaville Resort Casino for Pre-Synergy Purchase Multiple of Approximately 5.5X
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”), announced today that it has entered into a definitive agreement to acquire the operations of Margaritaville Resort Casino in Bossier City, Louisiana (“Margaritaville”) for approximately $115 million cash in a transaction that is expected to be immediately accretive to operating results upon closing.
May 29, 2018 05:30 pm ET
Penn National Gaming Enters into Agreements to Exit Jamul Casino Term Loan C Facility and the Project
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has entered into a series of agreements with an affiliate of the Jamul Indian Village of California (“JIV” or the “Tribe”) and the JIV’s senior lender, which will complete Penn National’s separation from Hollywood Casino Jamul – San Diego (“JIV Casino”). In March 2018, Penn National disclosed plans for an orderly transition of the management of the JIV Casino to JIV, and the Company’s involvement in JIV Casino ended on May 28. These new agreement
May 14, 2018 07:45 am ET
Consolidated Research: 2018 Summary Expectations for Penn National Gaming, Hortonworks, Tempur Sealy International, Macquarie Infrastructure, Calumet Specialty Products Partners, and Eldorado Resorts
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Penn National Gaming, Inc. (NASDAQ:PENN), Hortonworks, Inc. (NASDAQ:HDP),...
Apr 27, 2018 10:00 am ET
Penn National Gaming Secures Mississippi Gaming Commission and Pennsylvania State Horse Racing Commission Approval of Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at regulatory meetings held this week the Mississippi Gaming Commission and the Pennsylvania State Horse Racing Commission approved the Company’s pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals as well as certain other conditions.
Apr 26, 2018 07:00 am ET
Penn National Gaming First Quarter Results Exceed Guidance, with Record Income from Operations of $172.1 Million, Adjusted EBITDA of $242.6 Million and Adjusted EBITDA after Master Lease Payments of $
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today announced financial results for the three months ended March 31, 2018, initiated 2018 second quarter guidance and increased its full year guidance.
Apr 16, 2018 06:30 am ET
Gaming and Leisure Properties, Inc. Announces Acquisition of the Real Estate Assets of Tropicana Entertainment
– Purchase Price of $1.21 Billion With Initial Rent of $110 Million –– Increased Tenant Diversification with Eldorado Resorts, Inc. –– Announced Acquisitions Are Expected to be 8% to 10% Accretive –
Apr 12, 2018 02:15 pm ET
Penn National Gaming Secures Illinois Gaming Board Approval of Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at its meeting today, The Illinois Gaming Board (“IGB”) approved the proposed financing for the Company’s pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.
Apr 12, 2018 10:30 am ET
Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 26
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2018 first quarter financial results at 7:00 a.m. ET on Thursday, April 26, 2018 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, April 26, 2018. Both the call and webcast are open to the general public.
Mar 29, 2018 01:30 pm ET
Penn National Gaming Shareholders Approve Pinnacle Entertainment Acquisition
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn” or the “Company”) today announced that its shareholders voted to approve Penn’s proposal to issue shares of Penn common stock to stockholders of Pinnacle Entertainment, Inc. (PNK: Nasdaq) (“Pinnacle”) in connection with Penn’s pending acquisition of Pinnacle. In addition, Pinnacle today announced that its stockholders have voted to adopt the merger agreement for the transaction.
Mar 29, 2018 01:30 pm ET
Pinnacle Entertainment Stockholders Approve Proposed Acquisition by Penn National Gaming
LAS VEGAS, March 29, 2018 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ:PNK) (“Pinnacle” or the “Company”) today announced the results of its special meeting of stockholders, which was held on March 29, 2018 to vote on matters related...
Mar 21, 2018 01:05 pm ET
Penn National Gaming Secures Pennsylvania Gaming Control Board and West Virginia Lottery Commission Approval of Its Pending Acquisition of Pinnacle Entertainment
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at separate meetings today, The Pennsylvania Gaming Control Board (“PGCB”) and the West Virginia Lottery Commission (“WVLC”) approved the Company’s pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle”). The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.
Feb 28, 2018 04:30 pm ET
Penn National Gaming, Inc. Announces March 29, 2018 as Date for Special Meeting
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn”) today announced that Penn will hold a special meeting of shareholders on March 29, 2018 in connection with Penn’s pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle”). The Penn meeting will take place at 11:00 a.m. Eastern Time. Penn has set February 27, 2018 as the record date for the special meeting.
Feb 28, 2018 04:30 pm ET
Pinnacle Entertainment Announces Record Date and Special Meeting of Stockholders Related to Its Proposed Acquisition by Penn National Gaming
LAS VEGAS, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ:PNK) (“Pinnacle” or the “Company”) today announced that it will hold a special meeting of stockholders on March 29, 2018 to vote on matters related to the...
Feb 23, 2018 08:30 am ET
Pinnacle Entertainment Reports 2017 Fourth Quarter and Full Year Financial Results
LAS VEGAS, Feb. 23, 2018 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ:PNK) ("Pinnacle" or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2017.
Feb 08, 2018 07:00 am ET
Gaming and Leisure Properties, Inc. Announces Fourth Quarter and Full Year 2017 Results
- Establishes 2018 First Quarter and Full Year Guidance -- Declares 2018 First Quarter Dividend of $0.63 per Common Share -
Feb 08, 2018 07:00 am ET
Penn National Gaming Reports Record Fourth Quarter Revenue of $769.0 Million
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) today announced financial results for the three months ended December 31, 2017 and established 2018 first quarter and full year guidance.
Feb 08, 2018 07:00 am ET
Penn National Gaming, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 8, 2018 / Penn National Gaming, Inc. (NASDAQ: PENN) will be discussing their earnings results in their Q4 Earnings Call to be held on February 8, 2018 at 9:00 AM Eastern Time.
Jan 25, 2018 10:30 am ET
Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 8
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2017 fourth quarter financial results at 7:00 a.m. ET on Thursday, February 8, 2018 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, February 8, 2018. Both the call and webcast are open to the general public.
Jan 23, 2018 07:45 am ET
Recent Analysis Shows Bank of America, Rexnord, Penn National Gaming, AG Mortgage Investment Trust, USA Truck, and Resources Connection Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, Jan. 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Bank of America Corporation (NYSE:BAC), Rexnord...
Dec 20, 2017 11:24 am ET
PINNACLE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Pinnacle Entertainment, Inc. - PNK
NEW ORLEANS, Dec. 20, 2017 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Pinnacle Entertainment, Inc. ("Pinnacle" or the "Company") (Nasdaq: PNK) to Penn National Gaming, Inc. ("Penn") (Nasdaq: PENN).  Under the terms of the proposed transaction, shareholders of Pinnacle will receive only $20.00 in cash and 0.42 shares of Penn common stock for each share of Pinnacle that they own. KSF is seeking to determine whether this consideration and the process that led to it ...
Dec 19, 2017 05:21 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Investigates the Acquisition of Pinnacle Entertainment, Inc.
NEW YORK, Dec. 19, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Pinnacle Entertainment, Inc. ("PNK" or the "Company") (NASDAQ: PNK) in connection with the proposed acquisition of the Company by Penn National Gaming, Inc. ("PENN") (NASDAQ: PENN).  Under the terms of the agreement, the Company's shareholders will receive $20 in cash and 0.42 of a share of PENN for each PNK share they hold, representing consideration of $31.58, based on PENN's December 18 trading price of $27.59.  ...
Dec 18, 2017 07:32 am ET
Pinnacle (PNK) Alert: Johnson Fistel Investigates Proposed Sale of Pinnacle Entertainment, Inc.; Are Shareholders Getting a Fair Deal?
SAN DIEGO, Dec. 18, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Pinnacle Entertainment, Inc. ("Pinnacle ") (NASDAQ: PNK) breached their fiduciary duties in connection with the proposed sale of the Company to Penn National Gaming, Inc. ("Penn National") (NASDAQ: PENN). Pinnacle engages in ownership, operation, and development of casinos and related hospitality and entertainment businesses....
Dec 18, 2017 07:30 am ET
Gaming and Leisure Properties, Inc. Announces Agreements to Accommodate the Proposed Acquisition of Pinnacle Entertainment, Inc. by Penn National Gaming, Inc.
WYOMISSING, Pa., Dec. 18, 2017 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) today announced that the Company entered into agreements with Penn National Gaming, Inc. (NASDAQ:PENN) ("Penn"), Pinnacle Entertainment, Inc. (NASDAQ:PNK) ("Pinnacle") and Boyd Gaming Corporation...
Dec 18, 2017 07:00 am ET
Penn National Gaming to Acquire Pinnacle Entertainment
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National”) and Pinnacle Entertainment, Inc. (NASDAQ: PNK) (“Pinnacle”) announced today that they have entered into a definitive agreement under which Penn National will acquire Pinnacle in a cash and stock transaction valued at approximately $2.8 billion. Under the terms of the agreement, Pinnacle shareholders will receive $20.00 in cash and 0.42 shares of Penn National common stock for each Pinnacle share, which implies a total purchase price of $32.47 per Pinnacle share based on Penn National’s
Dec 18, 2017 07:00 am ET
Penn National Gaming to Acquire Pinnacle Entertainment
Pinnacle Shareholders to Receive $20.00 Per Share in Cash and 0.42 Shares of Penn National Common Stock for Each Pinnacle Share in Transaction Valued at Approximately $2.8 Billion
Dec 18, 2017 06:15 am ET
Boyd Gaming To Acquire Four Pinnacle Entertainment Assets
LAS VEGAS, Dec. 18, 2017 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today announced that it has entered into a definitive agreement with Penn National Gaming, Inc. (NASDAQ: PENN) ("Penn National") to acquire the operations of Ameristar St. Charles (Missouri); Ameristar Kansas City (Missouri); Belterra Casino Resort in Florence, Indiana; and Belterra Park in Cincinnati, Ohio.  The acquisition of these assets is in connection with Penn National's proposed acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK) ("Pinnacle"), also announced today....
Nov 30, 2017 03:25 pm ET
Penn National Gaming Confirms Discussions with Pinnacle Entertainment
In light of recent market speculation, Penn National Gaming, Inc. (NASDAQ:PENN) (“Penn National” or the “Company”) today confirmed that it is engaged in discussions with Pinnacle Entertainment, Inc. (NASDAQ:PNK) (“Pinnacle”) regarding a potential business combination, whereby Penn National would acquire Pinnacle in a cash and stock transaction.
Nov 30, 2017 02:30 pm ET
Pinnacle Entertainment Confirms Discussions with Penn National Gaming
LAS VEGAS, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ:PNK) (“Pinnacle” or the “Company”) today confirmed that it is engaged in discussions with Penn National Gaming, Inc. (NASDAQ:PENN) (“Penn National”) regarding a potential business combination, whereby...
Nov 21, 2017 07:40 am ET
Research Report Identifies Cornerstone OnDemand, Invacare, Hortonworks, BGC Partners, Hyatt Hotels, and Penn National Gaming with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
NEW YORK, Nov. 21, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cornerstone OnDemand, Inc. (NASDAQ:CSOD), Invacare Corporation...
Oct 26, 2017 07:00 am ET
Penn National Gaming Reports Record Third Quarter 2017 Revenue of $806.2 Million and Income from Operations of $143.7 Million, Resulting in Adjusted EBITDA of $107.3 Million, Which Exceeded Guidance
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National,” or the “Company”) today announced financial results for the three months ended September 30, 2017 and established 2017 fourth quarter guidance.
Oct 12, 2017 10:00 am ET
Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 26
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2017 third quarter financial results at 7:00 a.m. ET on Thursday, October 26, 2017 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, October 26, 2017. Both the call and webcast are open to the general public.
Mar 22, 2017 07:10 pm ET
Penn National Gaming Set to Join S&P SmallCap 600
NEW YORK, March 22, 2017 /PRNewswire/ -- Penn National Gaming Inc. (NASD: PENN) will replace Cynosure Inc. (NASD: CYNO) in the S&P SmallCap 600 effective prior to the open on Monday, March 27. S&P 500 constituent Hologic Inc. (NASD: HOLX) acquired Cynosure in a deal completed today....
Feb 02, 2017 07:00 am ET
Gaming and Leisure Properties, Inc. Announces Fourth Quarter and Full Year 2016 Results
- Establishes 2017 First Quarter and Full Year Guidance -- Declares 2017 First Quarter Dividend of $0.62 per Common Share -...
Oct 18, 2016 08:45 am ET
Scientific Games Secures Comprehensive Agreement with Penn National Gaming to Supply Systems, Games and Table Solutions to Tropicana Las Vegas and New Hollywood Casino Jamul-San Diego
LAS VEGAS, Oct. 18, 2016 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that it has entered into a comprehensive agreement with Penn National Gaming (NASDAQ: PENN ) ("Penn National") to supply Tropicana Las Vegas and the recently opened Hollywood Casino Jamul-San Diego, a full suite of the Company's transformative systems, games and table product solutions. ...
Aug 09, 2016 07:00 am ET
Gaming and Leisure Properties, Inc. Announces Second Quarter 2016 Results
- Closes Acquisition of Pinnacle Entertainment's (NASDAQ:PNK) Real Estate Assets for $4.8 billion -- Establishes 2016 Third Quarter Guidance and Revises Full Year Guidance -- Declares 2016 Third Quarter Dividend of $0.60 per Common Share -...