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Penn National Gaming Inc (PENN.OQ)

PENN.OQ on NASDAQ Stock Exchange Global Select Market

28.45USD
20 Feb 2018
Change (% chg)

$0.39 (+1.39%)
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$28.06
Open
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$27.71
Volume
593,165
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417,410
52-wk High
$33.30
52-wk Low
$13.91

Latest Key Developments (Source: Significant Developments)

Pinnacle Entertainment Says If Deal Terminated By Either Party, Co To Pay Fixed Expense Reimbursement Of $30 Mln To Penn National ‍​
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Penn National Gaming Inc ::PINNACLE ENTERTAINMENT-IF DEAL TERMINATED BY EITHER PARTY UNDER SOME CIRCUMSTANCES,CO TO PAY FIXED EXPENSE REIMBURSEMENT OF $30.0 MILLION TO PENN NATIONAL ‍​.PINNACLE - ‍IF DEAL TERMINATED BECAUSE PENN SHAREHOLDERS FAIL TO APPROVE SHARE ISSUANCE, PENN TO PAY FIXED EXPENSE REIMBURSEMENT OF $60.0 MILLION TO CO.PINNACLE ENTERTAINMENT SAYS CO WILL BE REQUIRED TO PAY PENN A TERMINATION FEE OF $60.0 MILLION, IF DEAL TERMINATED UNDER SOME CIRCUMSTANCES - SEC FILING.PINNACLE ENTERTAINMENT SAYS PENN TO PAY CO A TERMINATION FEE EQUAL TO $125.0 MILLION IF MERGER AGREEMENT IS TERMINATED UNDER SOME CIRCUMSTANCES.  Full Article

Penn National Gaming To Acquire Pinnacle Entertainment For About $2.8 Bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING TO ACQUIRE PINNACLE ENTERTAINMENT.PENN NATIONAL GAMING TO ACQUIRE PINNACLE ENTERTAINMENT.PENN NATIONAL GAMING - PINNACLE SHAREHOLDERS TO RECEIVE $20.00 PER SHARE IN CASH AND 0.42 SHARES OF PENN NATIONAL COMMON STOCK FOR EACH PINNACLE SHARE.PENN NATIONAL GAMING INC - DEAL IS‍ IMMEDIATELY ACCRETIVE TO FREE CASH FLOW PER SHARE; EXPECTED TO GENERATE $100 MILLION IN ANNUAL RUN-RATE COST SYNERGIES​.PENN NATIONAL GAMING INC - TRANSACTION VALUED AT APPROXIMATELY $2.8 BILLION.PENN NATIONAL GAMING INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.PENN NATIONAL GAMING INC - DEAL FOR TOTAL PURCHASE PRICE OF $32.47 PER PINNACLE SHARE.PENN NATIONAL GAMING-ENTERED DEAL WITH BOYD IN WHICH BOYD TO PURCHASE PINNACLE'S GAMING OPERATIONS AT AMERISTAR KANSAS CITY, AMERISTAR ST. CHARLES IN MISSOURI​.PENN NATIONAL GAMING INC - GAMING AND LEISURE PROPERTIES HAS ENTERED INTO AGREEMENT TO AMEND TERMS OF PINNACLE MASTER LEASE TO PERMIT DIVESTITURES.PENN NATIONAL GAMING INC - ‍ BOYD WILL ALSO PURCHASE PINNACLE'S GAMING OPERATIONS AT BELTERRA CASINO RESORT IN INDIANA; AND BELTERRA PARK IN OHIO​.PENN NATIONAL GAMING - ‍ AGREEMENTS WITH BOYD IN WHICH BOYD WILL PURCHASE CERTAIN PINNACLE'S GAMING OPERATIONS IS FOR APPROXIMATELY $575 MILLION IN CASH​.PENN NATIONAL GAMING - ANTICIPATES ADDITIONAL CASH FLOW FROM ACQUISITION WILL ALLOW CO TO PAY DOWN DEBT ON ACCELERATED BASIS AFTER CLOSING.  Full Article

Penn National Gaming Confirms Discussions With Pinnacle Entertainment
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING CONFIRMS DISCUSSIONS WITH PINNACLE ENTERTAINMENT.SAYS ENGAGED IN DISCUSSIONS WITH PINNACLE ENTERTAINMENT, WHEREBY CO WOULD BUY PINNACLE IN A CASH & STOCK DEAL.  Full Article

Pinnacle Entertainment Confirms Discussions With Penn National Gaming
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Pinnacle Entertainment Inc ::PINNACLE ENTERTAINMENT CONFIRMS DISCUSSIONS WITH PENN NATIONAL GAMING.PINNACLE ENTERTAINMENT - ‍‍ENGAGED IN DISCUSSIONS WHEREBY ​PENN NATIONAL WOULD BUY CO IN CASH AND STOCK DEAL ​.PINNACLE ENTERTAINMENT - DISCUSSIONS ‍ON POTENTIAL BUSINESS COMBINATION WITH PENN NATIONAL ​MAY OR MAY NOT LEAD TO ANY DEAL.  Full Article

Penn National And Pinnacle Entertainment Discussing Deal That Could Value Pinnacle In Low-$30'S Per Share- WSJ,Citing Sources‍​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - :PENN NATIONAL AND PINNACLE ARE DISCUSSING A CASH-AND-STOCK DEAL THAT COULD VALUE PINNACLE IN THE LOW-$30'S PER SHARE- WSJ,CITING SOURCES‍​.  Full Article

Penn National Gaming says Q3 revenue $806.2 million
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Penn National Gaming Inc -:Penn National Gaming reports record third quarter 2017 revenue of $806.2 million and income from operations of $143.7 million, resulting in adjusted EBITDA of $107.3 million, which exceeded guidance.Q3 revenue $806.2 million versus I/B/E/S view $796.3 million.Penn National Gaming Inc - qtrly ‍shr $8.43​.Penn National Gaming Inc sees December quarter ‍net revenues$756.6​ million.Penn National Gaming Inc sees December quarter earnings per common share of $0.17​.Q4 earnings per share view $0.16, revenue view $764.3 million -- Thomson Reuters I/B/E/S.Penn National Gaming Inc sees FY 2017 net revenues of $3.14 billion; sees FY 2017 earnings per share of $8.91.  Full Article

Penn National and Pinnacle Entertainment consider merger - WSJ, citing sources
Friday, 6 Oct 2017 

Oct 5 (Reuters) - :Penn National, Pinnacle Entertainment consider merger - WSJ, citing sources.  Full Article

Penn National Gaming buys social casino game developer Rocket Games
Wednesday, 3 Aug 2016 

Penn National Gaming Inc : Deal for approximately $60 million cash . Following transaction rocket will continue to be headquartered in san francisco and existing management team will continue . Penn national gaming acquires leading social casino game developer, rocket games, for $60 million in accretive transaction .Transaction is expected to be immediately accretive to penn national's operating results.  Full Article

Penn National reports quarterly earnings of $0.38/ share
Thursday, 28 Jul 2016 

Penn National Gaming Inc : Quarterly earnings per share $ 0.38 . Second quarter revenue rises 9.8 percent to $769.4 million, income from operations increases 21.1 percent to $149.3 million and adjusted EBITDA increases 14.5 percent to $223.8 million . Q2 earnings per share view $0.29, revenue view $778.5 million -- Thomson Reuters I/B/E/S . Sees Q3 diluted earnings per common share $0.29 . Sees q3 net revenues of $767.3 million . Q3 earnings per share view $0.23, revenue view $770.6 million -- Thomson Reuters I/B/E/S . Penn National Gaming Inc sees full year net revenues $ 3,053.5 million . Sees full year 2016 earnings per share $ 1.08 .Full year 2016 earnings per share view $0.91, revenue view $3.05 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Penn National Gaming Posts Q4 Loss Per Share $3.40‍​

* PENN NATIONAL GAMING REPORTS RECORD FOURTH QUARTER REVENUE OF $769.0 MILLION