Penn National Gaming has lost money during the first quarter of 2020 because of the closures of their properties amid the Coronavirus pandemic. The company has enough money to withstand the remainder of the year if it should need to be closed that long. NEW … Read more
Penn National has put 97% of its employees on unpaid leave as all 41 of their casinos nationwide have closed due to the Coronavirus. The casino operating giant is losing over $6 million a day while their businesses are shut down. PHILADELPHIA – Casino operator … Read more
Penn National will purchase a 36% interest in Barstool Sports with the ability to purchase 50% after three years. After all said and done, Barstool will have sold half of its company to Penn National for roughly $225 million. Penn National’s goal is to reduce … Read more
In August, Penn National Gaming partnered with four different sports betting companies in order to give them market access in varying states. Penn National Gaming’s stock has risen 1.3% despite the industry having a decline of 13.6% in the past three months. For Q3 of … Read more
Michigan legislators voted to legalize sports betting in 2018 but were thwarted by Governor Rick Snyder The sports betting tax rate has been one of the biggest problems for legislators to agree upon. Michigan hopes to move forward with legalization before being left behind by … Read more
Penn National Gaming announced earlier this week that they formed strategic partnerships with DraftKings, PointsBet, theScore, and The Stars Group. Sportsbooks in Penn National’s Iowa and Indiana properties are expected to launch in time for the 2019 NFL season. Jay Snowden, President and Chief Operating … Read more