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February 06, AM Eastern Standard Time. WYOMISSING, Pa(​BUSINESS WIRE)--Penn National Gaming, Inc. (NASDAQ: PENN).


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The United States Igaming Revenue Report - February - CDC Gaming Reports
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Pennsylvania Sports Betting Revenue (Updated May )
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Internet Gambling Win Increased 84% from December publication on May 18, , by the Pennsylvania Gaming Control Board ("PGCB") Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of April.


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Revenue from gaming and fantasy sports contests during March was $,, compared to $,, in revenue generated in.


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Pennsylvania's online gaming revenue has once again grown strongly while sports betting revenue has significantly increased from April


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PA Gaming Review: Revenue Tumbles In April As Casinos, Horse Tracks Remain Shuttered. Posted on May 20, by Kevin Shelly. The new abnormal is.


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Internet Gambling Win Increased % from April June 16, , by the Pennsylvania Gaming Control Board ("PGCB") Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of May were $ million.


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Revenue (Rake & Tournament Fees). State Tax (14%). Local Share Assessment (2%). January February March April May


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Online casino games expanded to fill the revenue void. Filling the void created by closed casinos, April online casino revenue jumped 73%.


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PA online gambling highlights: May Online revenue from slots, casino games, and poker totaled $55,, β€” up from $43,,


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Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. For the three months ended December 31,. The Company aggregates its properties into four reportable segments: Northeast, South, West and Midwest. Interest expense, net. Other favorable unfavorable variances:. South segment. These non-GAAP financial measures should not be considered a substitute for, nor superior to, financial results and measures determined or calculated in accordance with GAAP. Questions will be reserved for call-in analysts and investors. Performance of properties. Penn National, as Reported. Penn National is hosting a conference call and simultaneous webcast at am ET today, both of which are open to the general public. Although we believe that our expectations are based on reasonable assumptions within the bounds of our knowledge of our business, there can be no assurance that actual results will not differ materially from our expectations. Guidance excludes any impact related to the Barstool Sports transaction. This demonstrates our ongoing dedication to fostering a service-focused culture that attracts and retains top talent. Diluted earnings loss per common share. Loss, as reported. Joseph N. West segment. Impairment losses. Having fully integrated our loyalty program, my choice , this past year, we are happy to report that we had the highest market share and best margins ever at our properties in Kansas City and St. For the year ended December 31, Northeast segment 2. Adjusted EBITDA has economic substance because it is used by management as a performance measure to analyze the performance of our business, and is especially relevant in evaluating large, long-lived casino-hotel projects because it provides a perspective on the current effects of operating decisions separated from the substantial non-operational depreciation charges and financing costs of such projects. For the three months ended December 31, Kansas Entertainment does not currently have, nor has it ever had, any indebtedness. These calculations are commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare operating performance and value companies within our industry. We present Adjusted EBITDA because it is used by some investors and creditors as an indicator of the strength and performance of ongoing business operations, including our ability to service debt, and to fund capital expenditures, acquisitions and operations. The conference call number is Please call five minutes in advance to ensure that you are connected prior to the presentation. Cash-settled stock-based awards. Adjusted EBITDA is inclusive of income or loss from unconsolidated affiliates, with our share of non-operating items such as depreciation and amortization added back for our joint venture in Kansas Entertainment. Insurance recoveries. Rent expense associated with triple net operating leases 3. We see meaningful cross-selling opportunities and would expect recently enacted sports betting legislation in states such as Colorado and Michigan to positively impact our brick and mortar business. In addition, apart from Nevada, which will be converted by February , we expect our in-house team at Penn Interactive to manage all of Penn National's retail sportsbooks by the end of the first quarter of Snowden commented. South segment 2. Total revenues. Northeast segment 1. The Company operates 41 facilities in 19 jurisdictions. In addition, our sports betting business has helped drive outsized table games volume and increased food and beverage business revenues. Net income loss. A replay of the call can be accessed for thirty days on the Internet at www. Income taxes. For the year ended December 31,. Our intention is to open the York facility before year-end with slot machines and 24 table games. Rent expense associated with triple net operating leases. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their Adjusted EBITDA calculations certain corporate expenses that do not relate to the management of specific casino properties. At Hollywood Casino Lawrenceburg, for instance, we saw a significant increase in gross gaming revenues, particularly driven by the table games segment. Intersegment eliminations 6. Depreciation and amortization. Barstool Sports is an ideal partner as it will allow us to attract a younger demographic that is complementary to our existing customer base. This speaks to the power of operating a unified player loyalty program. Each of these non-GAAP financial measures is not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure of comparing performance among different companies. Likewise, our food and beverage business benefited substantially from the introduction of sports betting at this property. To date, a significant percentage of online play has been from existing my choice guests, and more importantly, this business has been incremental to the brick and mortar business. We anticipate being live with sports betting in these markets as soon as we receive all necessary regulatory approvals. Management believes that Adjusted EBITDAR is an additional metric traditionally used by analysts in valuing gaming companies subject to triple net leases since it eliminates the effects of variability in leasing methods and capital structures. Interested parties may also access the live call on the Internet at www. As of December 31, , our traditional net debt ratio was 2. We believe Adjusted EBITDAR is useful for equity valuation purposes because i its calculation isolates the effects of financing real estate; and ii using a multiple of Adjusted EBITDAR to calculate enterprise value allows for an adjustment to the balance sheet to recognize estimated liabilities arising from operating leases related to real estate. We are very excited about our growth prospects and the recent developments that set us up well for and beyond. Although Penn National did not own Pinnacle, Margaritaville, or Greektown, during the periods presented below, the Company believes the following financial information is useful to investors to assess the value these transactions bring to the Company and its shareholders. Further, the combined company results depict the historical results of Penn National, Pinnacle, Margaritaville, and Greektown, and do not reflect any cost savings from potential operating efficiencies or associated costs to achieve such savings or synergies that are expected to result from these transactions. The Company does not intend to update publicly any forward-looking statements except as required by law. Midwest segment.{/INSERTKEYS}{/PARAGRAPH} We define Combined Revenues as revenues of Penn National, Pinnacle, Margaritaville, and Greektown, assuming that Pinnacle, Margaritaville, and Greektown were a part of Penn National during the historical periods beginning on January 1, Combined Revenues is being presented solely as supplemental disclosure, as this is a method that management reviews and uses to analyze the performance of its business and to compare operating results between accounting periods. Contacts William J. Pre-opening and acquisition costs. The Company also offers social online gaming through Penn Interactive and has a leading customer loyalty program with 20 million customers. For , the Company expects:. Income, per guidance 1. West segment 3. Segment Information. We accomplished this while achieving record Adjusted EBITDAR, increasing margins, reducing debt, and just as importantly, coming together as one team under one company culture. The table below presents cash flow distributions we have received from this investment. This metric is included as supplemental disclosure because i we believe Adjusted EBITDAR is traditionally used by gaming operator analysts and investors to determine the equity value of gaming operators and ii Adjusted EBITDAR is one of the metrics used by other financial analysts in valuing our business. In addition, iCasino has allowed us to reengage with a large portion of inactive my choice members. {PARAGRAPH}{INSERTKEYS}We completed the integration of Pinnacle Entertainment, which added 12 new gaming properties and three new states to our portfolio and over 10, new team members to the Penn National family. As for our York facility, we received final licensing approval from the Pennsylvania Gaming Control Board last December. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur. Management believes that Combined Revenues is useful to investors because it is an indicator of the strength and performance of the ongoing business and for evaluating the historical results of Penn National, Pinnacle, Margaritaville, and Greektown on a combined basis assuming Pinnacle, Margaritaville, and Greektown were a part of the Company for the historical periods beginning on January 1, Further, the combined company results depict the historical results of Penn National, Pinnacle, Margaritaville, and Greektown and do not reflect any cost savings from potential operating efficiencies or associated costs to achieve such savings or synergies that are expected to result from these transactions. Please allow 15 minutes to register and download and install any necessary software. Further, the financial information below depicts the historical results of Penn National, Pinnacle, Margaritaville, and Greektown, and does not reflect any cost savings or revenue synergies from potential operating efficiencies or associated costs to achieve such savings or synergies that are expected to result from these transactions. Log In Sign Up. However, Adjusted EBITDAR when presented on a consolidated basis is not a financial measure in accordance with GAAP, and should not be viewed as a measure of overall operating performance or considered in isolation or as an alternative to net income because it excludes the rent expense associated with our triple net operating leases and is provided for the limited purposes referenced herein. Other 5. Pinnacle, Margaritaville and Greektown Pre-Acquisition 1. Midwest segment 4. We define Adjusted EBITDA as earnings before interest expense, net; income taxes; depreciation and amortization; stock-based compensation; debt extinguishment and financing charges; impairment losses; insurance recoveries and deductible charges; changes in the estimated fair value of our contingent purchase price obligations; gain or loss on disposal of assets; the difference between budget and actual expense for cash-settled stock-based awards; pre-opening and acquisition costs; and other income or expenses. We ended the period with net leverage on a lease-adjusted basis of 5. Snowden continued. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of As a result, actual results may vary materially from expectations. This is critical to our ability to provide unparalleled gaming entertainment experiences for our guests, which is highlighted in our fourth quarter results. We are also starting to see the positive impact of Penn Interactive on the Other segment. As such, our goal remains to achieve a lease-adjusted net leverage level of 5.