Penn National Gaming

Penn National Gaming is a Pennsylvania-based entertainment company that owns and operates resorts and casinos providing services including dining, accommodation and gaming. Read more

Jay Snowden's photo - President & CEO of Penn National Gaming

President & CEO

Jay Snowden

CEO Approval Rating

74/100

Founded:

1972

Status:

PublicIndependent CompanyNASDAQPENN

PENN NATIONAL GAMING TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Playtika has been one of Penn National Gaming's top competitors. Playtika's headquarters is in Herzliya, Tel Aviv District, and was founded in 2010. Playtika is in the Movies & Entertainment industry. Playtika generates 68% of Penn National Gaming's revenue.

Zynga is one of Penn National Gaming's top rivals. Zynga is a Public company that was founded in San Francisco, California in 2007. Zynga operates in the Gaming industry. Zynga has 23,505 fewer employees vs. Penn National Gaming.

Caesars Entertainment is perceived as one of Penn National Gaming's biggest rivals. Caesars Entertainment was founded in 1937, and is headquartered in Las Vegas, Nevada. Like Penn National Gaming, Caesars Entertainment also works within the Casinos & Gambling industry. Caesars Entertainment generates $392.5M less revenue vs. Penn National Gaming.

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Penn National Gaming Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3.7B

Penn National Gaming's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 3.2B. Over the last four quarters, Penn National Gaming's revenue has grown by 317.3%. Specifically, in Q1 2021's revenue was $1.3B; in Q4 2020, it was $1B; in Q3 2020, it was $1.1B; in Q2 2020, Penn National Gaming's revenue was $305.5M.

Penn National Gaming Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
LuckyPoint, Inc.

May 2021

Source »
undisclosed
LuckyPoint is a Massachusetts-based game development studio that designs and publishes interactive and real money games for computers, consoles and smartphones.
HitPoint, Inc.

May 2021

Source »
undisclosed
HitPoint is a Massachusetts-based game development studio that designs and publishes interactive and real money games for computers, consoles and smartphones.

-

Operations of Hollywood Casino Perryville

Dec 2020

Source »
$31.1M
-

-

Operations of Greektown Casino-Hotel

Nov 2018

Source »
$300M
-
Margaritaville Resort Casino

Jun 2018

Source »
$115M
Margaritaville Resort Casino operates as a casino resort that provides dining, lodging, gaming and spa services.

These are all the companies that Penn National Gaming has acquired. Penn National Gaming has acquired 20 companies and its latest acquisition was LuckyPoint, Inc. in May 2021. LuckyPoint is a Massachusetts-based game development studio that designs and publishes interactive and real money games for computers, consoles and smartphones.

Penn National Gaming Funding History

Since Penn National Gaming was founded in 1972, it has participated in 4 rounds of funding. In total Penn National Gaming has raised $2.3B. Penn National Gaming's last funding round was on Sep 2020 for a total of $982.1M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Equity
Sep 2020
$982.1M
-
Debt
May 2020
$300M
-
Secondary Offering
Jun 2007
$980M
IPO
May 1994
--

Since Penn National Gaming was founded in 1972, it has participated in 4 rounds of funding. In total Penn National Gaming has raised $2.3B. Penn National Gaming's last funding round was on Sep 2020 for a total of $982.1M

Penn National Gaming Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Barstool Sports is a digital media company that publishes news and insights on sports and accessories segments.
$163M
Jan 28, 2020
Equity
-

These are all the companies that Penn National Gaming has invested in. Penn National Gaming has invested 20 companies and its latest investment was LuckyPoint, Inc. in May 2021. LuckyPoint is a Massachusetts-based game development studio that designs and publishes interactive and real money games for computers, consoles and smartphones.

Penn National Gaming News

May 12, 2021iNVEZZ

Should investors buy Penn National stock amid recent weakness?

Shares of Penn National ended 2020 higher by nearly 250% but shares are moving in the opposite direct... See more »
May 7, 2021Benzinga

Penn National CEO Talks Earnings, Barstool Sportsbook And Dave Portnoy

Jay Snowden, president and CEO of Penn National Gaming Inc (NASDAQ: PENN), appeared Friday on CNBC's ... See more »
May 6, 2021MarketWatch

Penn National stock drops 10% despite earnings beat

The struggles of one of the newest members of the S&P 500 index continued Thursday, despite stronger-... See more »
May 6, 2021The Business Journals: Philadelphia

Penn National putting Barstool in everything from sports bars to iCasino in bid for young bettors

The company's stock is down Thursday despite beating Wall Street estimates for the first quarter.... See more »
May 5, 2021Gambling Insider

Penn National Q1 revenue up 14 but just short of 2019 figures

Penn National Gaming generated $1... See more »
May 4, 2021The Business Journals: Philadelphia

Penn National to launch new Barstool Sports products after acquiring game developer

Penn National Gaming has acquired a pair of Massachusetts gaming studios in an effort to draw custome... See more »

Penn National Gaming Press Releases

November 12, 2020PressReleasePoint

Penn National Gaming Bans Animal Circuses After PETA Appeal

The decision comes after talks with PETA about the cruelty inherent in such circuses when Sam Houston... See more »
March 20, 2020centralcharts

Penn National Gaming, Inc. - PENN Stock Chart Technical Analysis for 03-20-2020

News videos - Penn National Gaming, Inc. - PENN Stock Chart Technical Analysis for 03-20-2020 - Publi... See more »
August 1, 2019VARINDIA

The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access

The Stars Group Inc. (Nasdaq: TSG) (TSX: TSGI) today announced that it entered into an agreement with... See more »
July 16, 2019PR Newswire

KGM Enters Exclusive Deal With Penn National Gaming For Gaming Seating And Slot Bases

PHILADELPHIA, July 16, 2019 /PRNewswire/ -- KGM Gaming announced that they are entering into a multip... See more »
January 9, 2019StreetInsider

Penn National Gaming Board of Directors Authorizes New $200 Million Share Repurchase Program

WYOMISSING, Pa.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the ... See more »
September 20, 2018Business Wire

Penn National Gaming Secures Approval from The Colorado Division of Gaming in Connection with Its Pending Acquisition of Pinnacle Entertainment

Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced that at a meet... See more »

Penn National Gaming Videos

June 17, 2015Hollywood Casino Youtube Channel

"There's No Place Like Hollywood" on YOUTUBE

April 16, 2015HOLLYWOOD GAMING YOUTUBE CHANNEL

"$60,000 Hog Wild Giveaway at Hollywood Gaming" on YOUTUBE

February 20, 2015HOLLYWOOD GAMING YOUTUBE CHANNEL

"The Red Carpet is Calling at Hollywood Gaming" on YOUTUBE

January 20, 2015HOLLYWOOD GAMING YOUTUBE CHANNEL

"$50,000 Free Play Flurries At Hollywood Gaming" on YOUTUBE

May 8, 2014PENN NATIONAL GAMING YOUTUBE CHANNEL

"M Resort Spa Casino in Las Vegas" on YOUTUBE

February 12, 2014PENN NATIONAL GAMING YOUTUBE CHANNEL

"Delivering on our Promises" on YOUTUBE

Social Media

Penn National Gaming Headquarters

825 Berkshire Blvd Suite 200

Wyomissing, Pennsylvania19610

1-610-373-2400

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Penn National Gaming Summary

ABOUT

Overview

Founded in 1972, Penn National Gaming, Inc. (NYSE: PENN) is a public, independent company that owns and operates casinos, table games, slot machines, and racetracks in the gaming industry. Penn National Gaming Inc. has headquarters in Wyomissing, Penn...

CEO

Penn National Gaming's President & CEO, Jay Snowden, currently has an approval rating of 74%. Penn National Gaming's primary competitors are Playtika, Zynga & Caesars Entertainment.

Frequently Asked Questions about Penn National Gaming

  1. When was Penn National Gaming founded?

    Penn National Gaming was founded in 1972
  2. Who is Penn National Gaming's CEO?

    Penn National Gaming's CEO is Jay Snowden
  3. How much revenue does Penn National Gaming generate?

    Penn National Gaming generates $3.7B in revenue
  4. How much funding does Penn National Gaming have?

    Penn National Gaming has historically raised $2.3B in funding
  5. Where is Penn National Gaming's headquarters?

    Penn National Gaming's headquarters is in Wyomissing Pennsylvania, USA
  1. How many employees does Penn National Gaming have?

    Penn National Gaming has 25,750 employees
  2. What sector does Penn National Gaming operate in?

    Penn National Gaming is in Casinos & Gambling, Resorts
  3. Who are Penn National Gaming's competitors?

    Penn National Gaming's top competitors are Playtika, Zynga, Caesars Entertainment
  4. Who has Penn National Gaming invested in?

    Penn National Gaming's has invested in companies such as Barstool Sports