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Penn National Gaming Inc (PENN.OQ)

PENN.OQ on NASDAQ Stock Exchange Global Select Market

22.25USD
11:18am EST
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$-0.33 (-1.46%)
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Latest Key Developments (Source: Significant Developments)

Penn National Gaming Reports Third Quarter 2018 Results
Thursday, 1 Nov 2018 07:00am EDT 

Nov 1 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING REPORTS THIRD QUARTER INCOME FROM OPERATIONS OF $155.8 MILLION AND ADJUSTED EBITDA AFTER MASTER LEASE PAYMENTS OF $114.5 MILLION.Q3 REVENUE $789.7 MILLION VERSUS I/B/E/S VIEW $807.7 MILLION.QTRLY EARNINGS PER SHARE $0.38.SEES 2018 NET REVENUES $1.15 BILLION.SEES 2018 LOSS PER SHARE $0.40.PENN NATIONAL GAMING - PINNACLE ACQUISITION EXPECTED TO BE ACCRETIVE TO CO'S FREE CASH FLOW PER SHARE IN FIRST YEAR AFTER CLOSING.REDUCED TRADITIONAL NET DEBT BY APPROXIMATELY $70 MILLION IN Q3.  Full Article

Gaming And Leisure Properties Inc. Announces Completion Of Acquisitions And Lease Modifications
Monday, 15 Oct 2018 08:36am EDT 

Oct 15 (Reuters) - Gaming and Leisure Properties Inc ::GAMING AND LEISURE PROPERTIES, INC. ANNOUNCES COMPLETION OF ACQUISITIONS AND LEASE MODIFICATIONS TO ACCOMMODATE THE ACQUISITION OF PINNACLE ENTERTAINMENT, INC. BY PENN NATIONAL GAMING, INC..GAMING AND LEISURE PROPERTIES INC - ANTICIPATES 2019 ANNUAL DIVIDENDS OF APPROXIMATELY $2.72 TO $2.76 PER SHARE.GAMING AND LEISURE PROPERTIES - TERMS OF NEW BOYD MASTER LEASE SIMILAR TO EXISTING LEASES WITH RENT INITIALLY SET AT ABOUT $97.2 MILLION ANNUALLY.GAMING AND LEISURE PROPERTIES - RENT AT REMAINING PROPERTIES IN PINNACLE MASTER LEASE INITIALLY SET AT ABOUT $290.3 MILLION ANNUALLY.  Full Article

Penn National Gaming Enters Into Agreements To Exit Jamul Casino Term Loan C Facility And The Project
Tuesday, 29 May 2018 05:30pm EDT 

May 29 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING ENTERS INTO AGREEMENTS TO EXIT JAMUL CASINO TERM LOAN C FACILITY AND THE PROJECT.PENN NATIONAL GAMING INC - AS A RESULT OF AGREEMENTS, PENN NATIONAL WILL RECEIVE A TOTAL OF ABOUT $15 MILLION IN CASH PROCEEDS FOR SALE OF LOAN.PENN NATIONAL GAMING - CO WILL ALSO RECEIVE PAYMENT OF OUTSTANDING LICENSING FEES AND WILL BE RELIEVED OF ITS ABOUT $29 MILLION CURRENT FUNDING OBLIGATION.  Full Article

Penn National Gaming Secures Approval To Acquire Pinnacle Entertainment
Wednesday, 21 Mar 2018 01:05pm EDT 

March 21 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING SECURES PENNSYLVANIA GAMING CONTROL BOARD AND WEST VIRGINIA LOTTERY COMMISSION APPROVAL OF ITS PENDING ACQUISITION OF PINNACLE ENTERTAINMENT.PENN NATIONAL GAMING INC - GOAL REMAINS TO COMPLETE TRANSACTION IN SECOND HALF OF 2018.  Full Article

Pinnacle Entertainment Inc - Penn And Co Received Request For Additional Information From FTC
Tuesday, 13 Mar 2018 05:00pm EDT 

March 13 (Reuters) - Penn National Gaming Inc ::PINNACLE ENTERTAINMENT INC - ON MARCH 12, PENN AND CO RECEIVED REQUEST FOR ADDITIONAL INFORMATION FROM FTC IN CONNECTION WITH FTC’S REVIEW OF MERGER.PINNACLE ENTERTAINMENT INC - THE PARTIES CONTINUE TO EXPECT ANTICIPATED TIMETABLE FOR COMPLETING MERGER TO OCCUR IN H2 OF 2018.  Full Article

Pinnacle Entertainment To Meet On March 29 For Proposed Deal By Penn National
Wednesday, 28 Feb 2018 04:30pm EST 

Feb 28 (Reuters) - Pinnacle Entertainment Inc ::PINNACLE ENTERTAINMENT ANNOUNCES RECORD DATE AND SPECIAL MEETING OF STOCKHOLDERS RELATED TO ITS PROPOSED ACQUISITION BY PENN NATIONAL GAMING.PINNACLE ENTERTAINMENT - ‍WILL HOLD SPECIAL MEETING ON MARCH 29, 2018 TO VOTE ON MATTERS RELATED TO PROPOSED DEAL BY PENN NATIONAL GAMING​.  Full Article

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

FTC approves Penn National's purchase of Pinnacle with divestitures

WASHINGTON The U.S. Federal Trade Commission on Monday approved casino operator Penn National Gaming Inc's $2.8 billion purchase of Pinnacle Entertainment Inc , requiring they divest assets in three Midwestern cities.