Penn National Gaming Inc

Latest Penn National Gaming Inc News and Updates

  • Dave Portnoy speaking into microphone
    News

    Dave Portnoy's Stake In PENN Loses Value Amid Controversy

    Barstool Sports founder Dave Portnoy is facing allegations of sexual violence. Will he hold his stake in Penn National Gaming as PENN shares plummet?
    By Rachel Curry
  • Must-know: The most popular casino games
    Consumer

    Must-know: The most popular casino games

    Casinos’ popularity is growing. This suggests that people like to gamble occasionally. Unfortunately, they don’t always win. For most of the people, the real fun is playing the game—not necessarily winning.

    By Shawn Bolton
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    Company & Industry Overviews

    Why Pinnacle’s leverage ratio could be a concern for investors

    Pinnacle Entertainment (PNK) has a massive debt-to-equity ratio of 15.4. This indicates that PNK is very aggressive in financing its operations with debt.

    By Shawn Bolton
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    Company & Industry Overviews

    Profitability analysis of Pinnacle Entertainment

    Pinnacle Entertainment’s compounded annual growth rate of adjusted property EBITDA over a three-year period ending on December 31, 2013, stood at 20.2%.

    By Shawn Bolton
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    Consumer

    What is Pinnacle Entertainment’s forward valuation?

    As of November 28, 2014, Pinnacle Entertainment’s one year forward EV/EBITDA stood at 9.2x compared to its peer group average of 7.6x.

    By Shawn Bolton
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    Fund Managers

    Institutional investors dominate at Pinnacle Entertainment

    Pinnacle Entertainment (PNK) has approximately 59.2 million outstanding shares, with free float of 57 million shares. Institutional investors hold around 122% of the float.

    By Shawn Bolton
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    Consumer

    Casino REITs Are Becoming Popular In The US

    US casino operators are considering REIT spin-offs to achieve higher valuations. Real estate is a main income source. REITs distribute at least 90% of their taxable earnings to shareholders.

    By Shawn Bolton
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    Consumer

    A Quick Guide To The Bifurcation Of Caesars’s Operating Leases

    The initial term of each lease will be for 15 years with four five-year renewals. CZR will guarantee payments and performance of the OpCo’s obligations.

    By Shawn Bolton
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    Consumer

    Revenue breakdown for Pinnacle Entertainment

    Pinnacle Entertainment’s gaming revenues represented 89% of total revenues generated by the company for the trailing twelve months ending September 30, 2014.

    By Shawn Bolton
  • Real Estate

    An overview of Penn National Gaming’s diverse holdings

    PENN’s operated facilities feature ~31,000 gaming machines, 760 table games, and 3,100 hotel rooms. PENN owns and operates gaming and racing facilities with a focus on slot machines.

    By Shawn Bolton
  • Consumer

    Must-know: Penn National Gaming’s performance metrics

    Performance metric Penn National Gaming, Inc. (PENN) defines adjusted EBITDA as earnings before interest, taxes, stock compensation, debt-extinguishment charges, impairment charges, insurance recoveries and deductible charges, depreciation and amortization, gain or loss on disposal of assets, and other income or expenses. Adjusted EBITDAR is adjusted EBITDA excluding rent expenses such as those associated with PENN’s […]

    By Shawn Bolton
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    Consumer

    Why Casinos Rely On Disposable Income

    On a year-over-year basis, real disposable income increased 2.9%. More disposable income boosts consumer buying power.

    By Shawn Bolton
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    Macroeconomic Analysis

    US consumer sentiment hits 11-year high, good for casinos

    The US consumer sentiment index was 98.1 in January, up from 93.6 in December. This is an 11-year high, the highest on a final basis since January 2004.

    By Shawn Bolton
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    Macroeconomic Analysis

    Disposable income increases, drives demand for leisure

    Real disposable income increased 3.7% year-over-year. This boosts consumer buying power and means consumer spending in leisure activities may increase.

    By Shawn Bolton
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    Fund Managers

    Why Sandell wants a spin-off of Brookdale’s real estate assets

    Sandell has proposed a spin-off of Brookdale’s real estate assets into an REIT. It’s a tax-free spin-off that avoids double taxation on income distribution.

    By Diana Key
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    Company & Industry Overviews

    Liquidity analysis for Pinnacle Entertainment

    The current ratio for Pinnacle Entertainment (PNK) had declined severely to 0.7 as of September 30, 2014, from 2.9 as of December 31, 2012.

    By Shawn Bolton
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    Earnings Report

    Key financials for Pinnacle Entertainment

    Wall Street analysts expect Pinnacle Entertainment’s adjusted net profit for 2015E to be about $92 million with a growth rate of 34.9%.

    By Shawn Bolton
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    Company & Industry Overviews

    Pinnacle Entertainment’s cost structure

    Pinnacle Entertainment (PNK) incurs direct costs in gaming, food and beverage, lodging, retail, entertainment, and other areas.

    By Shawn Bolton
  • Consumer

    Magnetar Financial invests in REIT Gaming and Leisure Properties

    Magnetar Financial LLC opened a brand new position in Gaming and Leisure Properties (GLPI) that accounts for 0.75% of the fund’s 4Q portfolio.

    By Samantha Nielson
  • Consumer

    Omega Advisors opens a position in Gaming and Leisure Properties

    Gaming and Leisure Properties (GLPI) is a new position initiated by Omega Advisors last quarter. Gaming and Leisure Properties is the first gaming-focused REIT, which was spun off from Penn National Gaming (PENN).

    By Samantha Nielson
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