Industry
August 4, 2022
PENN Entertainment Posted Q2 2022 Results, Changed Name
Penn National Gaming released its report reflecting the company’s performance in the second quarter of the year and announced its new name, PENN Entertainment. Net Income Sank PENN reported $1.63 billion in revenue for the three months ended June 30, 2022, to post an increase of 5.2% compared to $1.55 billion in second quarter 2021 […]
Industry
November 11, 2021
Pennsylvania Gaming Watchdog Approves Four Fines Totaling $150K
Earlier this week, the gambling watchdog in Pennsylvania approved multiple fines against operators in the state. As a result, operators were fined $150,000 in total. PGCB Approves Fines for $150,000 Pennsylvania’s gaming watchdog, the Pennsylvania Gaming Control Board (PGCB), approved fines against three operators in the state totaling $150,000. Penn National, the operator that has […]
Casino
June 14, 2021
Penn National Ready to Bring Barstool Sportsbook to a Pennsylvania Casino
Pennsylvania’s sports gambling market has been relatively successful, despite the COVID-19 pandemic, and Penn National Gaming is going to make sure it gets a significant piece of the action. The gaming operator is bringing a physical Barstool Sportsbook to the state, with the first branded property expected to be launched later this year. Barstool at […]
Business
February 22, 2021
Penn Interactive Acquires Mobile Betting Access in New York
Casino and gaming company Penn National Gaming entered into a long-term agreement with the operator of Rivers Casino & Resort in New York to ensure access for its wholly-owned subsidiary Penn Interactive to the mobile sports betting and iGaming market in the state. Casino’s Second Mobile Wagering Partner Skin Subject to legislation and regulatory approvals, […]
Casino
December 15, 2020
Penn Acquires Operations at Hollywood Casino Perryville
Penn National Gaming announced today the company would be re-entering the market in Maryland as it entered into a definitive agreement with the real estate investment trust (REIT) Gaming and Leisure Properties (GLPI) to acquire the operations of Hollywood Casino Perryville. “Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property […]
Casino
November 6, 2020
PNG Opens First Of Many Barstool Sportsbooks
On November 5, PNG announced the opening of its first Barstool Sportsbook at Ameristar Black Hawk in Colorado. State-Of-The-Art Sports Betting Facility Penn National Gaming (PNG) opened its first Barstool Sports facility on November 5 at Ameristar Casino Resort Spa Black Hawk, Colorado. The first Barstool Sports facility in the US is housed on the […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Casino
October 27, 2020
Penn National’s Las Vegas Casinos Anticipate Hundreds of Layoffs
M Resort Spa Casino and The Tropicana on the Las Vegas Strip have announced they will permanently lay off hundreds of employees in December, the Las Vegas Review-Journal reported. The two casinos operated by Penn National Gaming blamed the cuts on the Covid-19 pandemic’s impact on their businesses. The Strip Casinos Blame Layoffs on the […]
Business
October 5, 2020
Penn National Restores Executives’ Salaries as Operations Recover
Executives at Penn National Gaming will now receive full salaries after taking a cut in April. The move comes amid a skyrocketing Penn stock price and a positive outlook for the company. Penn Restores Executive Salaries, Copes with Crisis Penn National Gaming has reinstated the salaries of its executive team after the company’s CEO, CFO […]
Casino
September 19, 2020
GTG Partners with Caesars Entertainment and Penn National
Melbourne-based creator of large-scale consumer engagement products GTG Network announced two new partnership deals, with casino operators Caesars Entertainment and Penn National Gaming. Under the new partnerships, Caesars will launch its free to play Pro Football Pick’em online game, while Penn National will utilize GTG’s iSport Genius data driven content and insights for sports bettors […]