Penn National Gaming (PENN) Reports Q1 Revenues Below Consensus

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Go back to Penn National Gaming (PENN) Reports Q1 Revenues Below Consensus

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

May 7, 2020 7:00 AM EDT

- PENN Moved Aggressively to Improve Liquidity in the First Quarter, Allowing the Company to Focus on Long-Term Objectives -

- PENN to Benefit from State-by-State Resumption of Operations, with Nations Largest, Most Diversified Regional Gaming Footprint -

- Omni-Channel Growth Strategy Remains Intact with Scheduled Launch of Barstool Sportsbook App in the Third Quarter -

WYOMISSING, Pa.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) today reported financial results for the three months ended March 31,... More