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Penn National Gaming Inc (PENN.OQ)

PENN.OQ on NASDAQ Stock Exchange Global Select Market

28.53USD
8 Dec 2017
Change (% chg)

$-0.32 (-1.11%)
Prev Close
$28.85
Open
$28.97
Day's High
$29.28
Day's Low
$28.47
Volume
220,746
Avg. Vol
283,511
52-wk High
$29.83
52-wk Low
$13.04

Latest Key Developments (Source: Significant Developments)

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

Penn National Gaming sees Q1 revenue $770 mln to $771 mln
Thursday, 23 Mar 2017 08:50am EDT 

Penn National Gaming Inc : Penn national gaming raises 2017 first quarter guidance on strong property operating trends . Sees Q1 2017 revenue $770 million to $771 million . Penn National Projects adjusted EBITDA after master lease payments will be $110 million to $111 million for 2017 Q1 . Q1 revenue view $761.5 million -- Thomson Reuters I/B/E/S .Sees Q1 2017 adjusted EBITDA of between $222 million and $223 million.  Full Article

Penn National Gaming reports qtrly loss per share $0.05
Thursday, 2 Feb 2017 07:00am EST 

Penn National Gaming Inc : Penn National Gaming reports fourth quarter revenue of $742.9 million, income from operations of $113.8 million and adjusted ebitda of $195.9 million . Qtrly loss per share $0.05 . Q4 revenue $742.9 million versus i/b/e/s view $744.7 million . Q4 earnings per share view $-0.14, revenue view $744.7 million -- Thomson Reuters I/B/E/S . Penn National Gaming Inc- board of directors authorizes $ 100 million share repurchase program . Penn National Gaming Inc sees 2017 capital expenditures of $78.1 million with $26.4 million in q1 . Penn National Gaming Inc sees 2017 net revenues $3,046.9 million . Penn National Gaming Inc sees 2017 diluted earnings per common share $0.31 .FY2017 earnings per share view $1.00, revenue view $3.04 billion -- Thomson Reuters I/B/E/S.  Full Article

Penn National Gaming announces proposed private offering of $400 mln senior notes
Thursday, 12 Jan 2017 08:00am EST 

Penn National Gaming Inc - : Penn National Gaming announces proposed private offering of $400 million of senior notes . Intends to use proceeds of proposed offering to fund purchase pursuant to Penn's previously announced tender offer .Intends to also use proceeds of proposed offering to fund redemption of any and all of its 5.875% senior notes due 2021.  Full Article

U.S. casino operators Pinnacle, Penn National in merger talks

Casino operator Pinnacle Entertainment Inc is in talks with Penn National Gaming Inc to sell itself in a cash-and-stock deal, the two companies said on Thursday.