Penn National Gaming’s FY 2019 revenue jumps 48% as net income falls

Casino operator also underlines opportunity to tap into younger demographic with Barstool Sports deal

US casino and racetrack operator Penn National Gaming (PNG) has reported revenue of $5.3bn for 2019 – a 48% rise over the $3.59bn generated in 2018 – following the completed $2.8bn acquisition in October of competitor Pinnacle Entertainment. However, New York-listed PNG, which operates 41 properties in 19 states, revealed net income dropped by 53%…

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