PNG

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…

25th September 2020

PNG aims to raise up to $982.1m through public offering

US casino operator Penn National Gaming (PNG) has announced details of a new underwritten public offering, through which it could generate up to $982.1m in…

8th September 2020

Kindred strikes IL, OH market access deals with Penn National

Unibet operator Kindred has struck market access deals with regional casino operator Penn National Gaming to offer online betting and gaming in Illinois and Ohio.…

20th August 2020

GAN and Penn National Gaming launch social casino app

Online gaming supplier GAN and Penn National Gaming launched Penn’s MyChoice-branded social casino app, powered by GAN’s Simulated Gaming product, today (20 August). The app…

6th August 2020

State of the Union: IGT-FanDuel, Wynn, NV and more

This week’s State of the Union, in partnership with Segev LLP, includes results from many of the US gaming industry’s largest operators as well as…

6th August 2020

Penn Q2 revenue collapses amid Covid-19 closures

Penn National Gaming’s revenue for the second quarter of 2020 fell 76.9% as venue closures across the country led to a $213.9m loss for the period,…

19th June 2020

US casinos continue to reopen as Covid-19 restrictions eased

A number of leading commercial casino operators in the US have announced the reopening of their properties as states continue to relax restrictions for the…

7th May 2020

Impairment charges hit Penn National bottom line in Q1

Penn National Gaming (PNG) has posted a loss of $608.6m for the first quarter of 2020, primarily due to impairment charges and the shutdown of…

30th March 2020

PNG sells Tropicana Las Vegas property, furloughs 26,000

Penn National Gaming (PNG) has taken measures to mitigate the effect of the novel coronavirus disease (Covid-19) on its business, selling and leasing back its…

21st February 2020

Penn National completes acquisition of Barstool stake

Penn National Gaming (PNG) has finalised its acquisition of a 36% stake in digital sports media company Barstool Sports for a total consideration of approximately…

10th February 2020

Penn National Gaming lands partnership with Nascar

Casino operator Penn National Gaming (PNG) has agreed a multi-year deal to become an authorized gaming partner of stock car racing series Nascar in the…

7th February 2020

PNG net income declines despite revenue increase in 2019

Penn National Gaming (PNG) has reported a 53.1% year-on-year decline in net income for 2019 despite reporting a 47.8% increase in revenue for the year.…

29th January 2020

Penn National seals Barstool Sports partnership

Penn National Gaming (PNG) has entered into an exclusive sports wagering and online casino partnership with Barstool Sports, in a deal that will also see…