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Casino
December 15, 2020
Penn Acquires Operations at Hollywood Casino Perryville
Penn National Gaming announced today the company would be re-entering the market in Maryland as it entered into a definitive agreement with the real estate investment trust (REIT) Gaming and Leisure Properties (GLPI) to acquire the operations of Hollywood Casino Perryville. “Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property […]
Industry
November 30, 2020
Penn National Gaming Generates Strong $1.13 Billion Revenue
The company posted high third-quarter results, despite the ongoing social constraints and closures. Moving to cashless technologies in brick-and-mortar casinos, as well as the creation of a new growth channel are some of the highlights. The entertainment industry has been one of the most affected by Covid-19, which forced the shutdown of physical locations and […]
Business
November 23, 2020
Harper Ko Replaces Carl Sottosanti at Penn National Gaming
Casino operator Penn National Gaming (PNG) announced last week the company’s Executive Vice President, General Counsel and Secretary Carl Sottosanti would retire from his position effective December 31, 2020. To replace him, PNG is appointing Harper Ko, who will serve as Executive Vice President, Chief Legal Officer and Secretary, pending regulatory approvals. The New Addition […]
Legal
November 13, 2020
Massachusetts Should Not Allow Online-Only Sportsbooks
Two of the three land-based casinos in Massachusetts expressed their view that lawmakers should not allow the sports betting market be flooded by online-only sportsbook operators, ahead of the legalization of the gambling activity in the state. Casinos Should Hold the Key to Market Entry Plainridge Park Casino and Encore Boston Harbor pointed out that […]
Casino
November 6, 2020
PNG Opens First Of Many Barstool Sportsbooks
On November 5, PNG announced the opening of its first Barstool Sportsbook at Ameristar Black Hawk in Colorado. State-Of-The-Art Sports Betting Facility Penn National Gaming (PNG) opened its first Barstool Sports facility on November 5 at Ameristar Casino Resort Spa Black Hawk, Colorado. The first Barstool Sports facility in the US is housed on the […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Casino
October 27, 2020
Penn National’s Las Vegas Casinos Anticipate Hundreds of Layoffs
M Resort Spa Casino and The Tropicana on the Las Vegas Strip have announced they will permanently lay off hundreds of employees in December, the Las Vegas Review-Journal reported. The two casinos operated by Penn National Gaming blamed the cuts on the Covid-19 pandemic’s impact on their businesses. The Strip Casinos Blame Layoffs on the […]
Business
October 5, 2020
Penn National Restores Executives’ Salaries as Operations Recover
Executives at Penn National Gaming will now receive full salaries after taking a cut in April. The move comes amid a skyrocketing Penn stock price and a positive outlook for the company. Penn Restores Executive Salaries, Copes with Crisis Penn National Gaming has reinstated the salaries of its executive team after the company’s CEO, CFO […]
Casino
September 19, 2020
GTG Partners with Caesars Entertainment and Penn National
Melbourne-based creator of large-scale consumer engagement products GTG Network announced two new partnership deals, with casino operators Caesars Entertainment and Penn National Gaming. Under the new partnerships, Caesars will launch its free to play Pro Football Pick’em online game, while Penn National will utilize GTG’s iSport Genius data driven content and insights for sports bettors […]
Business
September 9, 2020
Penn National Soft Launches Sportsbook App in PA
The soft launch of the new Barstool Sportsbook app by Penn National in Pennsylvania was announced yesterday. The test will be for the period September 15-17. Upon successful regulatory approvals, the operator plans to officially launch the app on September 18. Penn National Launches Test for Its New Barstool Sportsbook App in Pennsylvania Tuesday, September […]