The Latest in penn national
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Casino

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 […]
PNG Opens First Of Many Barstool Sportsbooks
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Trading

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 […]
Maryland, South Dakota and Louisiana Approve Ballot Measures
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Casino

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 […]
Penn National’s Las Vegas Casinos Anticipate Hundreds of Layoffs
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Business

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 […]
Penn National Restores Executives’ Salaries as Operations Recover
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Casino

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 […]
GTG Partners with Caesars Entertainment and Penn National
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Business

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 […]
Penn National Soft Launches Sportsbook App in PA
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Business

Kindred Signs with Penn National, Enters Illinois and Ohio

Kindred announced today its expansion across regulated US markets will continue as the sports wagering company entered into an agreement with Penn National Gaming to ensure market access to Illinois and Ohio. The new agreement will provide access for Kindred’s brand, Unibet, to pursue licensing in Illinois, through Argosy Casino Alton, and in Ohio, through […]
Kindred Signs with Penn National, Enters Illinois and Ohio
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Business

Mass Layoffs in Nevada Continue, Some Properties Face Permanent Closure

Casinos and other hospitality businesses in Las Vegas continue to lay off people due to the adverse effect from the coronavirus spread, with the latest being Casino Royale. According to a notice which became public Friday, effective August 10 the casino operator is permanently laying off 98 employees. Immediate Layoff Announcement The notice that was […]
Mass Layoffs in Nevada Continue, Some Properties Face Permanent Closure
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Business

Penn National Reopened 70% of Its Casinos, Tropicana Las Vegas Remains Closed

More than 70% of the properties by Penn National have already reopened. Penn’s CEO says that the achievement is an “important milestone”. Some 70% of All Penn National Gaming Properties Now Welcome Visitors The US largest regional casino operator, Penn National Gaming, has announced that more than 70% of its venues are now reopened. The […]
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Casino

Penn Boosts Liquidity through Common Stock and Senior Notes Public Offerings

Pennsylvania-based Penn National Gaming Inc announced today it started an underwritten public offering of common stocks, as well as an underwritten offering of convertible senior notes, to the amount of $250 million each. The new debt security the company is issuing has maturity in 2026 and can be converted into Penn’s common stock anytime until […]