Tag Archives: Penn National
US – Penn National warns of 1,150 job losses likely in Louisiana
US operator Penn National has said that the axe will fall on the jobs of nearly 1,150 workers at its Louisiana casinos next month, due to the COVID-19 closures and lower business volumes since reopening. It warned that 161 workers at its L’Auberge Hotel and Casino in Baton Rouge could be laid off along with…
US – Penn National Gaming partners with Sportradar
Penn National Gaming has entered into a partnership with Sportradar, the global provider of sports data and content, to use official National Football League data on the Company’s sports betting platforms. As part of the partnership, Penn National has the ability to offer a wide array of live, in-game wagering options on NFL games at…
US – 70 per cent of Penn National Gaming properties have reopened
Penn National Gaming has said that 30 of its 41 gaming and racing properties have resumed operations, representing more than 70 per cent of the company’s regional gaming portfolio in 13 of the 19 states in which it operates. The latest reopenings took place at the company’s four Ohio properties and in Pennsylvania at Hollywood…
US – Gaming & Leisure Properties completes purchase of Tropicana Las Vegas
Gaming and Leisure Properties, has completed the acquisition of Tropicana Las Vegas and provided an update on the collection of April 2020 rents for its portfolio of the real estate for 44 gaming and related facilities. The company and some of its subsidiaries acquired the real property associated with the Tropicana from Penn National Gaming,…
US – Penn National announces sale of Tropicana Las Vegas and unpaid furloughs
Penn National Gaming has said it will sell Tropicana Las Vegas as one of several measures to help mitigate the financial impact of the ongoing COVID-19 pandemic. Gaming and Leisure Properties will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn National’s Morgantown, Pennsylvania development in…
US – Construction to halt on two Penn National projects
Following the call from Pennsylvania Governor Tom Wolf’s for the statewide closure of all non-essential business, including casinos, Penn National is postponing construction work at the two Category 4 satellite casino that it was awarded. At this stage the operator doesn’t know whether it will resume construction saying it will have to review whether to…
US – Illinois shuts its casinos to protect against COVID-19
The Illinois Gaming Board has told the State’s 10 casinos that their facilities must suspend gambling operations for 14 days beginning Monday March 16, 2020 as a precautionary measure against the ongoing spread of COVID-19. Marcus Frutcher, Administrator for the board, said: “For The public health of patrons, casino employees, IGB staff, and others is…
US – Penn National Gaming completes 36 per cent purchase of Barstool Sports
Penn National Gaming has completed its previously announced acquisition of a 36 per cent interest in Barstool Sports for total consideration of approximately $163m, comprised of approximately $135 million in cash and $28 million in non-voting convertible preferred stock. Pursuant to the transaction terms, Penn National is now Barstool Sports’ exclusive gaming partner and has…
US – Penn National Gaming and Barstool Sports announce sports betting and iCasino partnership
Penn National Gaming is buying a 36 per cent interest in Barstool Sports, a leading digital sports media company, for approximately $163m in cash and convertible preferred stock. Under the agreement, Penn National will be Barstool Sports’ exclusive gaming partner for up to 40 years and have the sole right to utilise the Barstool Sports…
