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Penn National Gaming Inc (PENN.OQ)

PENN.OQ on NASDAQ Stock Exchange Global Select Market

28.06USD
16 Feb 2018
Change (% chg)

$-0.12 (-0.43%)
Prev Close
$28.18
Open
$28.02
Day's High
$28.40
Day's Low
$27.64
Volume
606,758
Avg. Vol
413,338
52-wk High
$33.30
52-wk Low
$13.89

Latest Key Developments (Source: Significant Developments)

Penn National Gaming Posts Q4 Loss Per Share $3.40‍​
Thursday, 8 Feb 2018 07:00am EST 

Feb 8 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING REPORTS RECORD FOURTH QUARTER REVENUE OF $769.0 MILLION.Q4 REVENUE $769 MILLION.Q4 LOSS PER SHARE $3.40‍​.Q4 EARNINGS PER SHARE VIEW $0.18, REVENUE VIEW $762.0 MILLION -- THOMSON REUTERS I/B/E/S.‍Q4 2017 INCLUDED DEFERRED TAX ASSET WRITE-OFF OF $257.0 MILLION DUE TO RECENT TAX CUTS AND JOBS ACT​.SEES Q1 EARNINGS PER SHARE $0.41 AND NET REVENUE $817.3 MILLION; SEES FY 2018 EARNINGS PER SHARE $1.53 AND NET REVENUE $3.23 BILLION.Q1 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $804.4 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.30, REVENUE VIEW $3.23 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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 09:45am EST 

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 07:00am EST 

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
Thursday, 30 Nov 2017 03:25pm EST 

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
Thursday, 30 Nov 2017 02:30pm EST 

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 12:45pm EST 

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 07:00am EDT 

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 Gaming Q2 revenue $796.5 million
Thursday, 27 Jul 2017 07:22am EDT 

July 27 (Reuters) - Penn National Gaming Inc ::Penn National Gaming Reports second quarter revenue of $796.5 million and income from operations of $135.0 million resulting in adjusted EBITDA after master lease payments of $105.2 million.Q2 revenue $796.5 million versus i/b/e/s view $785.5 million.Penn national gaming inc qtrly earnings per share $0.18.Penn national gaming inc sees net revenues for three months ending september 30, 2017 of $790.9 million.Penn national gaming inc - sees diluted earnings per share for three months ending september 30, 2017 of $0.20.Penn national gaming inc sees fy revenue $3.12 billion.Penn national gaming inc sees fy 2017 diluted earnings per share $0.59.Q2 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.Q3 revenue view $788.7 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Fy2017 revenue view $3.12 billion -- Thomson Reuters I/B/E/S.  Full Article

Penn National Gaming qtrly diluted earnings per common share $0.06
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - Penn National Gaming Inc ::Penn National Gaming reports first quarter revenue of $776.2 million and income from operations of $140.3 million resulting in record first quarter adjusted ebitda after master lease payments of $109.3 million.Q1 revenue $776.2 million.Sees FY net revenue $3.1 billion.Sees three months ending June 30, net revenues $ 776.8 million.Sees three months ending June 30, diluted earnings per common share $ 0.22.Sees FY earnings per share $0.60.Q2 earnings per share view $0.20, revenue view $778.9 million -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $0.55, revenue view $3.07 billion -- Thomson Reuters I/B/E/S.Qtrly diluted earnings per common share $0.06.  Full Article

Penn National Gaming enters agreement to acquire operations of Bally’s Casino Tunica and Resorts Casino Tunica
Tuesday, 28 Mar 2017 09:00am EDT 

Penn National Gaming Inc : Penn National Gaming enters into definitive agreement to acquire operations of Bally’S Casino Tunica and Resorts Casino Tunica for pre-synergy purchase multiple of 3.7x . Penn National Gaming Inc - deal for $44.0 million cash . Following completion of proposed transaction, penn national will operate both Tunica Properties . Penn National Gaming Inc - deal will be immediately accretive to our operating results upon closing .Penn National Gaming - after compeltion, co will lease underlying real property associated with the 2 businesses from gaming and leisure properties.  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