PNG
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,…
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…
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…
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…
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…
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…
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.…
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…
Penn National names Apple’s David Williams as new CFO
Penn National Gaming has appointed David William, a Apple executive, as its new chief financial officer and executive vice president with effect from March 3.…
Penn National Gaming reveals new-look executive management team
Penn National Gaming has made a number of changes to its executive management team to coincide with the transition of Jay Snowden to the role…
Gaming expansion and M&A boost PNG revenue in Q3
Penn National Gaming (PNG) has reported a 71.5% year-on-year increase in third quarter revenue, after benefiting from the regulation of sports betting and online gaming…
US antitrust laws force Penn National chair to step down
Peter Carlino, the long-serving chairman and former chief executive of Penn National Gaming (PNG), is to step down from his role to comply with federal…
Penn National hails impact of acquisitions after Q1 revenue rise
Penn National Gaming (PNG) has shrugged off the impact of weather-related impacts on its properties to post a 57.2% year-on-year increase in revenue for the…