Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Casino
June 14, 2021
Penn National Ready to Bring Barstool Sportsbook to a Pennsylvania Casino
Pennsylvania’s sports gambling market has been relatively successful, despite the COVID-19 pandemic, and Penn National Gaming is going to make sure it gets a significant piece of the action. The gaming operator is bringing a physical Barstool Sportsbook to the state, with the first branded property expected to be launched later this year. Barstool at […]
Business
May 28, 2021
Penn National Returns to Maryland Ahead of Sports Gambling Launch in the State
Penn National Gaming can now brag about having a domestic US footprint that spans 20 jurisdictions. The casino operator has been negotiating the purchase of Maryland’s Hollywood Casino Perryville from Gaming and Leisure Properties (GLPI) since late last year and received word yesterday that the deal had been approved. The Maryland Lottery and Gaming Control […]
Business
May 7, 2021
Penn 2021 First Quarter Results Point to Strong Recovery
Penn National Gaming revealed yesterday it generated in the first quarter of 2021 $1.27 billion of revenue driven by its online sports betting and iGaming businesses. 2019 Revenue Levels with Higher Trading Margin The increase of 14% compared to $1.16 billion posted in the first quarter of 2020 was more than enough for the gaming […]
Business
May 4, 2021
Penn National Gaming Launches Own iGaming Development Studio
Penn National launches its dedicated content development arm to boost iGaming offering through proprietary technological solutions. Proprietary Gaming Is Coming to Penn National Gaming Penn National Gaming, a company specializing in sports betting and iGaming products, has announced the creation of a dedicated in-house content development platform, Penn Game Studios (PGS). PGS will focus on casino content […]
Business
March 26, 2021
PointsBet Granted Access to Pennsylvania and Mississippi
Pointsbet has added Pennsylvania and Mississippi to its online betting and gaming portfolio through a deal with Penn National Gaming. PointsBet and Penn National Gaming Strengthen Their Partnership Australian online bookmaker PointsBet has gained online sports betting and iGaming market access to the states of Pennsylvania and Mississippi. The agreement is an extension of the […]
Sports
March 10, 2021
Barstool Sportsbook Gets Illinois License, Launches on Thursday
Barstool Sportsbook will launch in Illinois on March 11 following approval by the state’s gaming control board. Penn National’s Barstool Sportsbook Launches in Illinois on Thursday Penn National Gaming’s Barstool Sportsbook is arriving in yet another market in the United States after the company confirmed on Tuesday that it had obtained permission from the Illinois Gaming Control Board to operate mobile […]
Business
February 23, 2021
RSI Joins Penn National for Ohio, Maryland and Missouri Push
Rush Street Interactive has gained entry into Ohio, Maryland and Missouri through a Penn National Gaming market access deal. RSI Breaks Ground into Ohio, Maryland and Missouri One of the leading iGaming and sports betting firms in the United States, Rush Street Interactive, has gained market entry into Ohio, Maryland and Missouri, moving into three […]
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 […]