Penn National Gaming Reports COVID-19 Impacted First Quarter Revenues of $1.12 Billion, Net Loss of $608.6 Million, Adjusted EBITDAR of $252.3 Million, and Adjusted EBITDA of $154.8 Million

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Go back to Penn National Gaming Reports COVID-19 Impacted First Quarter Revenues of $1.12 Billion, Net Loss of $608.6 Million, Adjusted EBITDAR of $252.3 Million, and Adjusted EBITDA of $154.8 Million

Penn National Gaming (PENN) Reports Q1 Revenues Below Consensus

May 7, 2020 7:23 AM EDT

Penn National Gaming (NASDAQ: PENN) reported Q1 EPS of $, versus $0.18 reported last year. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.28 billion.

Penn National Long-term Growth Strategy Remains On Course

Mr. Snowden continued, During the mandated closures of our properties, our management team has undertaken a comprehensive reevaluation of our corporate and property operating structures to improve efficiencies, and we are exploring new technologies and innovations that could help reimagine our casinos and enhance the guest experience. We are also in the process of making meaningful upgrades to... More