Penn National Gaming

4th February 2021

Penn National posts $669.5m loss as Covid-19 drives revenue drop in 2020

Penn National Gaming (PNG) has reported a $669.5m net loss for 2020, primarily due to a sharp decline in revenue caused by the novel coronavirus…

22nd January 2021

Michigan online gaming operators launch

Operators licensed to offer online sports betting or casino in Michigan have begun releasing details about their products, as they prepare to go live on…

13th January 2021

Penn National Gaming integrates loyalty program with Choice Hotels

Penn National Gaming and Choice Hotels International, which operates the Ascend Collection brand, have agreed a deal to combine both companies’ loyalty schemes. The agreement…

17th December 2020

State of the Union: Michigan, Hard Rock, New Jersey and more

This week’s State of the Union, in partnership with Segev LLP, includes Michigan’s first online gaming licenses, Hard Rock’s new online gaming joint venture and…

15th December 2020

Penn National enters Maryland through Hollywood Casino deal

Penn National Gaming is to enter the Maryland market ahead of the introduction of legal sports betting in the state after agreeing a deal to…

12th November 2020

State of the Union: Caesars, Ontario, Indiana and more

This week’s State of the Union, in partnership with Segev LLP, includes results from a variety of land-based operators including Caesars, Full House and Wynn,…

11th November 2020

PXP Financial announces partnership with Penn Interactive

Payment, fraud and data analysis service provider PXP Financial Ltd. has announced a new partnership with Penn National Gaming’s online subsidiary, Penn Interactive through its…

29th October 2020

State of the Union: NV, Penn, NBA and more

This week’s State of the Union, in partnership with Segev LLP, includes financial results from a variety of the US’s major regional casino players –…

29th October 2020

Penn National Gaming bounces back with record earnings in Q3

Penn National Gaming saw revenue decline 16.6% in Q3, though earnings reached record highs as the business emphatically bounced back from the novel coronavirus (Covid-19)…

22nd October 2020

Mainstream media’s big bet

Recent months have seen a wave of media outlets pairing up with betting operators, as the US becomes more familiar and comfortable with legal wagering,…

9th October 2020

Iowa sportsbooks set handle record, bring in $5.2m in Sept

Iowa sports betting revenue grew to $5.2m in September as the state broke its record for amounts wagered in a month. The month marked the…

7th October 2020

Rush Street maintains lead as Illinois betting revenue doubles

Casinos in Illinois took in $7.2m in revenue in August, up 99.6% from July, as players staked $140.1m, up 166.7%, with Rush Street Entertainment continuing…

1st October 2020

State of the Union: William Hill, 5Dimes, Nevada and more

This week’s State of the Union, in partnership with Segev LLP, covers Caesars Entertainment’s agreement to purchase British betting operator William Hill, Costa Rica-based sportsbook…

30th September 2020

Penn National Gaming public offering hits $982.1m target

Casino operator Penn National Gaming (PNG) has raised $982.1m through a public offering of shares, with the proceeds to be used to fund its online…