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Penn National Gaming Inc (PENN.OQ)

PENN.OQ on NASDAQ Stock Exchange Global Select Market

32.18USD
16 Aug 2018
Change (% chg)

$1.13 (+3.64%)
Prev Close
$31.05
Open
$31.15
Day's High
$32.37
Day's Low
$31.15
Volume
356,031
Avg. Vol
443,297
52-wk High
$36.88
52-wk Low
$20.05

Latest Key Developments (Source: Significant Developments)

Penn National Gaming Inc QTRLY Earnings Per Share $0.57
Thursday, 26 Jul 2018 

Penn National Gaming Inc ::PENN NATIONAL GAMING REPORTS RECORD SECOND QUARTER INCOME FROM OPERATIONS AND EXCEEDS GUIDANCE FOR ADJUSTED EBITDA.Q2 REVENUE $826.9 MILLION VERSUS I/B/E/S VIEW $840.6 MILLION.QTRLY EARNINGS PER SHARE $0.57.SEES Q3 2018 NET REVENUE $807.1 MILLION; SEES Q3 2018 EARNINGS PER SHARE $0.44.SEES FY 2018 NET REVENUE $3,219.0 MILLION; SEES FY 2018 EARNINGS PER SHARE $1.75.Q2 EARNINGS PER SHARE VIEW $0.50 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $0.43, REVENUE VIEW $814.9 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.65, REVENUE VIEW $3.24 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Penn National Gaming Secures Further Approvals Regarding Deal With Pinnacle Entertainment
Thursday, 19 Jul 2018 

July 19 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING SECURES APPROVALS FROM THE OHIO CASINO CONTROL COMMISSION AND LOUISIANA GAMING CONTROL BOARD IN CONNECTION WITH ITS PENDING ACQUISITION OF PINNACLE ENTERTAINMENT.  Full Article

Penn National Secures Indiana Gaming Commission Approval Of Its Pending Acquisition Of Pinnacle Entertainment
Friday, 29 Jun 2018 

June 28 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING SECURES INDIANA GAMING COMMISSION APPROVAL OF ITS PENDING ACQUISITION OF PINNACLE ENTERTAINMENT.PENN NATIONAL GAMING INC - REMAIN ON SCHEDULE TO COMPLETE TRANSACTION IN SECOND HALF OF THIS YEAR.  Full Article

VICI Says Penn National And/Or Co To Pay Termination Fee Of $12.5 Mln If Deal Terminated
Tuesday, 19 Jun 2018 

June 19 (Reuters) - VICI Properties Inc ::VICI - IF DEAL TERMINATED UNDER CERTAIN CONDITIONS, PENN NATIONAL AND/OR CO TO PAY TERMINATION FEE OF $12.5 MILLION, WHICH MAY INCREASE TO UP TO $20 MILLION.  Full Article

VICI Properties To Acquire Real Estate Assets Of Margaritaville Resort Casino And Lease To Penn National Gaming
Tuesday, 19 Jun 2018 

June 19 (Reuters) - VICI Properties Inc ::VICI PROPERTIES INC. TO ACQUIRE REAL ESTATE ASSETS OF MARGARITAVILLE RESORT CASINO AND LEASE TO PENN NATIONAL GAMING.VICI PROPERTIES INC - ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE.VICI PROPERTIES INC - DEAL FOR APPROXIMATELY $376 MILLION IN CASH.VICI PROPERTIES INC - EXPECTS TO FUND PURCHASE WITH CASH ON ITS BALANCE SHEET, OR WITH A COMBINATION OF CASH AND DRAWS UPON ITS CREDIT FACILITY.VICI PROPERTIES INC - VICI TO ACQUIRE LAND AND REAL ESTATE ASSETS OF MARGARITAVILLE RESORT CASINO IN BOSSIER CITY FOR ABOUT $261 MILLION IN CASH.VICI PROPERTIES INC - PENN NATIONAL GAMING WILL ACQUIRE OPERATING ASSETS OF MARGARITAVILLE RESORT CASINO FOR ABOUT $115 MILLION IN CASH.  Full Article

Penn National Gaming To Acquire Operations Of Margaritaville Resort Casino
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE OPERATIONS OF MARGARITAVILLE RESORT CASINO FOR PRE-SYNERGY PURCHASE MULTIPLE OF APPROXIMATELY 5.5X.PENN NATIONAL GAMING INC - TO ACQUIRE OPERATIONS OF MARGARITAVILLE RESORT CASINO FOR APPROXIMATELY $115 MILLION CASH.PENN NATIONAL GAMING INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO OPERATING RESULTS UPON CLOSING.PENN NATIONAL GAMING INC - WILL ENTER INTO A TRIPLE NET LEASE AGREEMENT WITH VICI PROPERTIES INC FOR MARGARITAVILLE FACILITY.  Full Article

Pinnacle Entertainment Reports Q1 Gaap Earnings Per Share $0.35
Wednesday, 9 May 2018 

May 9 (Reuters) - Pinnacle Entertainment Inc ::PINNACLE ENTERTAINMENT REPORTS 2018 FIRST QUARTER FINANCIAL RESULTS.Q1 GAAP EARNINGS PER SHARE $0.35.Q1 REVENUE $628.4 MILLION VERSUS I/B/E/S VIEW $641 MILLION.Q1 EARNINGS PER SHARE VIEW $0.29 -- THOMSON REUTERS I/B/E/S.PINNACLE ENTERTAINMENT - 2018 Q1 RESULTS NEGATIVELY IMPACTED BY "ADVERSE WINTER WEATHER CONDITIONS".REMAIN ON TRACK TO COMPLETE PENN NATIONAL TRANSACTION IN SECOND HALF OF 2018.  Full Article

Penn National Gaming Gets Mississippi, Pennsylvania Approval Of Its Pending Acquisition Of Pinnacle Entertainment
Saturday, 28 Apr 2018 

April 27 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING SECURES MISSISSIPPI GAMING COMMISSION AND PENNSYLVANIA STATE HORSE RACING COMMISSION APPROVAL OF ITS PENDING ACQUISITION OF PINNACLE ENTERTAINMENT.  Full Article

Penn National Gaming Qtrly Earnings Per Common Share $0.48
Thursday, 26 Apr 2018 

April 26 (Reuters) - Penn National Gaming Inc ::Q1 REVENUE $816.1 MILLION VERSUS I/B/E/S VIEW $808.1 MILLION.INCREASES 2018 FULL YEAR GUIDANCE.QTRLY NET REVENUES $ 816.1 MILLION.QTRLY DILUTED EARNINGS PER COMMON SHARE $ 0.48.FOR FY 2018, SEES NET REVENUES OF $ 3,235.7 MILLION.FOR FY 2018, SEES DILUTED EPS OF $1.62.FY2018 EARNINGS PER SHARE VIEW $1.55, REVENUE VIEW $3.22 BILLION -- THOMSON REUTERS I/B/E/S.SEES Q2 DILUTED EARNINGS PER COMMON SHARE $ 0.49.SEES Q2 NET REVENUES OF $ 839.9 MILLION.Q2 EARNINGS PER SHARE VIEW $0.47, REVENUE VIEW $823.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Gaming And Leisure Properties Announces Acquisition Of Assets Of Tropicana Entertainment
Monday, 16 Apr 2018 

April 16 (Reuters) - Gaming and Leisure Properties Inc ::GAMING AND LEISURE PROPERTIES, INC. ANNOUNCES ACQUISITION OF THE REAL ESTATE ASSETS OF TROPICANA ENTERTAINMENT.GAMING AND LEISURE PROPERTIES INC - DEAL FOR PURCHASE PRICE OF $1.21 BILLION WITH INITIAL RENT OF $110 MILLION.GAMING AND LEISURE PROPERTIES INC - ANNOUNCED ACQUISITIONS ARE EXPECTED TO BE 8% TO 10% ACCRETIVE.GAMING AND LEISURE PROPERTIES INC - EXPECTS TO FUND TRANSACTION WITH A COMBINATION OF DEBT AND EQUITY.GAMING AND LEISURE - TO BUY REAL ESTATE ASSETS OF 6 CASINO PROPERTIES FROM TROPICANA ENTERTAINMENT FOR $1.21 BILLION, EXCLUSIVE OF TAXES AND DEAL FEES.GAMING AND LEISURE PROPERTIES-WITH CLOSING OF DEAL, ELDORADO TO BUY OPERATING ASSETS OF THESE PROPERTIES, LEASE REAL ESTATE VIA NEW MASTER LEASE.GAMING AND LEISURE PROPERTIES INC - NEW ELDORADO MASTER LEASE HAS 15 YEAR INITIAL TERM AND FOUR 5 YEAR RENEWAL PERIODS.GAMING AND LEISURE - TROPICANA ENTERTAINMENT DEAL, PINNACLE - PENN NATIONAL DEAL TO RESULT IN DIVIDEND/SHARE ACCRETION OF 8-10% ON Q1 ANNUALIZED DIVIDEND.  Full Article

Churchill Downs in deal to enter sports betting in three states

Churchill Downs Inc on Wednesday signed a deal with SBTech, a sports betting platform, which will allow the gaming company to offer bets on events in New Jersey, Pennsylvania and Mississippi.