Business
February 22, 2021
Penn Interactive Acquires Mobile Betting Access in New York
Casino and gaming company Penn National Gaming entered into a long-term agreement with the operator of Rivers Casino & Resort in New York to ensure access for its wholly-owned subsidiary Penn Interactive to the mobile sports betting and iGaming market in the state. Casino’s Second Mobile Wagering Partner Skin Subject to legislation and regulatory approvals, […]
Industry
February 6, 2021
Super Bowl LV To Be a Win for Gambling Companies
It is unknown whether the Kansas City Chiefs or Tampa Bay Buccaneers will win the Super Bowl LV, but one thing is for sure – big sports betting and fantasy firms are already the champions. American Gaming Association Estimates Super Bowl to Generate $4.3 billion in Bets The shares of companies that offer online sports […]
Business
February 5, 2021
Barstool Sports Boosts Penn National Gaming’s Performance
Penn’s interactive division experienced massive growth during 2020, with strong revenues and EBITDA margins for the Hollywood Casino iCasino product in Pennsylvania, robust performance at the company’s 16 retail sportsbooks, and the introduction of the Barstool Sportsbook mobile app. Penn National Gaming Stands Strong Despite Covid-19 Turmoil Despite the challenging past year and ongoing pandemic-related […]
Business
January 14, 2021
Penn National and Choice Hotels Merge Loyalty Programs for Improved Experiences
Choice Hotels has teamed up with Penn National Gaming, merging the two companies’ loyalty programs to drive new synergies and benefits to business. Penn National and Choice Hotels Loyalty Programs Integrate Penn National Gaming and Ascend Collection hotels operator, Choice Hotels International, have agreed to pool efforts and integrate their loyalty programs for better overall […]
Business
January 5, 2021
Penn National Hires Industry Analyst Felicia Hendrix as CFO
Penn National Gaming revealed that David Williams stepped down from his position as a CFO and Executive Vice President. The company announced that Mr. Williams’ position will be filled by the gaming industry analyst Felicia Hendrix. Penn National Hires the Services of Felicia Hendrix as CFO Gaming industry giant, Penn National Gaming, announced on Monday […]
Business
December 23, 2020
Penn National Launches Barstool Sportsbooks in Indiana and Michigan
Penn National will open three Barstool sportsbooks in Indiana and Michigan on Wednesday and Thursday, pending final state regulatory approvals. Three New Barstool-branded Locations Penn National Gaming will open three Barstool sportsbooks in three of its gaming properties in Indiana and Michigan over the next two days, pending final regulatory approvals. Customers of Detroit’s Greektown […]
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 […]