Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Penn National Gaming, Inc.
Type
Public
Traded as
  • NASDAQ: PENN
  • S&P 600 component
Industry Casinos and Horse Racing
Founded 1972; 45 years ago (1972)
Headquarters Wyomissing, Pennsylvania, United States
Key people
Timothy J. Wilmot (President and CEO)
Jay Snowden ( COO)
William (BJ) Fair (Executive Vice President, Chief Financial Officer and Treasurer)
Revenue $2,742.25 million (2011)
Operating income
$499.58 million (2011)
Net income
$242.35 million (2011)
Total assets $4.606 billion (2011)
Total equity $1.971 billion (2011)
Number of employees
16,740
Website pngaming.com

Penn National Gaming, Inc. is an operator of casinos and racetracks, based in Wyomissing, Pennsylvania. As of 2012, it owns and operates 26 facilities in 18 states, and manages one casino in Canada.

The company traces its roots to Penn National Race Course, which opened in 1972 in the Harrisburg suburb of Grantville, Pennsylvania.

The company was incorporated as PNRC Corp. in 1982, and changed its name to Penn National Gaming, Inc. in 1994.

In 2003, Penn National bought Hollywood Casino Corp. for $328 million plus $360 million in assumed debt, gaining casinos in Aurora, Illinois; Tunica, Mississippi; and Shreveport, Louisiana.

In 2005, Penn National acquired Argosy Gaming Company for $2.2 billion making it at the time the third largest publicly held gaming company in the country (behind MGM Mirage and Harrah's Entertainment).

In November 2006 Penn National Gaming failed in an attempt to acquire Harrah's Entertainment. The deal to purchase Harrah's fell through, and Harrah's was eventually taken over by two private equity firms.

In 2007 it acquired the Zia Park racino in Hobbs, New Mexico for $200 million.

An attempt in 2007 to take company private with a $6.1 billion buyout fell through with prospective buyers, New York-based Fortress Investment Group and Centerbridge Partners.

In November 2012, Penn National announced a plan to spin off 17 of its 29 properties in a new real estate investment trust (REIT), in an effort to reduce taxes and cost of capital, and overcome license ownership restrictions. The REIT would also pursue sale-and-leaseback transactions with other casino operators. The spin-off was completed on November 1, 2013, creating Gaming and Leisure Properties, Inc.

In February 2013, Penn National agreed to sell the Bullwhackers Casino in Black Hawk to an investor group led by casino developer John Zimpel.

In April 2015, the company agreed to purchase the Tropicana Las Vegas for $360 million.

In August 2016, the company agreed to purchase Rocket Games for $60 million.

In May 2017, Penn National acquired the operating assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $44 million, and leased the two casinos from GLPI, which had simultaneously purchased their real estate assets.

Investment goal date:
Dividends reinvested
Penn National Gaming, Inc. PENN report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-26
--
--
Q4 2017
2018-01-31
--
--
Q3 2017
2017-10-26
0.2500
8.4300
Q2 2017
2017-07-27
0.1800
0.1800
Q1 2017
2017-04-27
0.0600
0.0600
Q4 2016
2017-02-02
0.0500
0.0500
Q3 2016
2016-10-27
0.5100
0.5100
Q2 2016
2016-07-28
0.3700
0.3700
Q1 2016
2016-04-28
0.2600
0.2600
Q4 2015
2016-02-04
-0.1100
-0.1100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BAMCO INC /NY/
5506237
Bank of New York Mellon Corp
1771232
BlackRock Fund Advisors
2251929
BlackRock Inc.
8898040
BlackRock Institutional Trust Company, N.A.
2054688
EAGLE ASSET MANAGEMENT INC
4472975
HG Vora Capital Management, LLC
8325000
Invesco Ltd.
3112637
JPMORGAN CHASE & CO
1839178
PAR CAPITAL MANAGEMENT INC
2958813
PUTNAM INVESTMENTS LLC
2367181
RS INVESTMENT MANAGEMENT CO LLC
1663114
STATE STREET CORP
1814936
Vanguard Group, Inc
6939822
VICTORY CAPITAL MANAGEMENT INC
2121528
Major Shareholders
Name Relationship
Total Shares
Holding stocks
PENN NATIONAL GAMING INC
113.2000% (89020704)
GLPI / PENN /
SHATTUCK KOHN BARBARA
0.0500% (39164)
PENN /
SCACCETTI JANE
0.0100% (9975)
MYE / PBY / PENN /
WILMOTT TIMOTHY J
0.5800% (455700)
PENN /
CARLINO PETER M
0.3100% (242235)
GLPI / PENN /
IPPOLITO ROBERT S
0.0500% (38344)
PENN /
SAVITCH JORDAN B
0.0600% (48292)
PENN /
CLIFFORD WILLIAM J
0.1800% (142311)
GLPI / PENN / SNOW /
CRAMER HAROLD
0.1000% (82195)
PENN /
JACQUEMIN JOHN M
0.1700% (133595)
PENN /
HANDLER DAVID A
0.1800% (140000)
GLPI / PENN /
LEVY ROBERT P
0.0100% (5300)
PENN /
Finamore John
0.0700% (53368)
PENN /
Snyder Steven T.
0.1400% (108528)
GLPI / PENN /
Burke Thomas
0.0600% (47254)
PENN /
Reibstein Saul
0.0200% (15800)
PENN / VPG /
Snowden Jay A
0.0500% (36281)
PENN /
Sottosanti Carl
0.0300% (25831)
PENN /
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