Business
September 9, 2020
Penn National Soft Launches Sportsbook App in PA
The soft launch of the new Barstool Sportsbook app by Penn National in Pennsylvania was announced yesterday. The test will be for the period September 15-17. Upon successful regulatory approvals, the operator plans to officially launch the app on September 18. Penn National Launches Test for Its New Barstool Sportsbook App in Pennsylvania Tuesday, September […]
Business
September 8, 2020
Kindred Signs with Penn National, Enters Illinois and Ohio
Kindred announced today its expansion across regulated US markets will continue as the sports wagering company entered into an agreement with Penn National Gaming to ensure market access to Illinois and Ohio. The new agreement will provide access for Kindred’s brand, Unibet, to pursue licensing in Illinois, through Argosy Casino Alton, and in Ohio, through […]
Business
August 24, 2020
Mass Layoffs in Nevada Continue, Some Properties Face Permanent Closure
Casinos and other hospitality businesses in Las Vegas continue to lay off people due to the adverse effect from the coronavirus spread, with the latest being Casino Royale. According to a notice which became public Friday, effective August 10 the casino operator is permanently laying off 98 employees. Immediate Layoff Announcement The notice that was […]
Business
June 21, 2020
Penn National Reopened 70% of Its Casinos, Tropicana Las Vegas Remains Closed
More than 70% of the properties by Penn National have already reopened. Penn’s CEO says that the achievement is an “important milestone”. Some 70% of All Penn National Gaming Properties Now Welcome Visitors The US largest regional casino operator, Penn National Gaming, has announced that more than 70% of its venues are now reopened. The […]
Casino
May 15, 2020
Massachusetts Regulator Extends Closure, State Casinos to Re-Open Last
The Massachusetts Gaming Commission unanimously voted Wednesday to extend casino closures to the three state casinos, pushing a potential re-opening date to June 1, mainly following the guidance from St. Gov. Charlie Baker, but casino operators in Massachusetts may not be in a hurry to re-open for business. Gloomy Picture Ahead Representatives of the three […]
Casino
May 11, 2020
Penn Boosts Liquidity through Common Stock and Senior Notes Public Offerings
Pennsylvania-based Penn National Gaming Inc announced today it started an underwritten public offering of common stocks, as well as an underwritten offering of convertible senior notes, to the amount of $250 million each. The new debt security the company is issuing has maturity in 2026 and can be converted into Penn’s common stock anytime until […]
Casino
May 8, 2020
Penn National Q1 Revenue Impacted by Closures, iGaming Gathering Pace
Penn National Gaming issued its first quarter financial results, painting a clear picture of how the health crisis that started in mid-March, due to the wide implementation of the social distancing measures across the states, had taken the wind out of its sails revenue-wise. The Pennsylvania-based gaming operator with strong presence across all gambling verticals […]
Legal
March 7, 2020
Colorado: DraftKings Among The Latest Licensed For Operations
Colorado’s gaming regulator has granted 8 more licenses during its special meeting held on Thursday due to the high number of license applications. High Number Of Applications Having received 60 applications in total, 32 for master licenses, 18 for internet operators and 10 for sports operators, the Limited Gaming Control Commission in Colorado decided that […]
Business
February 8, 2020
Penn National Becomes NASCAR Authorized Gaming Operator
Gaming giant Penn National has extended its partnership with NASCAR and signed a new agreement to become an authorized gaming partner for the league. NASCAR and Penn National Gaming Team Up in Kansas On Friday, Penn National Gaming said that it is teaming up with NASCAR ahead of the upcoming racing season and Daytona 500, […]
Sports
January 31, 2020
Barstool Sports Partners with Penn National for Sports Betting
For quite some time, there were speculations regarding the possibility of Barstool Sports, one of the biggest brands in sports media, joining the likes of Yahoo! Sports in offering sports betting services. Well, these are no longer mere speculations. Earlier this week, renowned gaming operator Penn National Gaming confirmed that it has recently inked a […]