Penn National Gaming, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 04, 2021 at 04:50 pm EDT
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Penn National Gaming, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 1,256.2 million compared to USD 993.6 million a year ago. Revenue was USD 1,511.8 million compared to USD 1,129.7 million a year ago. Net income was USD 86.1 million compared to USD 141.9 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 1.02 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.93 a year ago.
For the nine months, sales was USD 3,643.7 million compared to USD 2,155.7 million a year ago. Revenue was USD 4,332.5 million compared to USD 2,551.3 million a year ago. Net income was USD 375.8 million compared to net loss of USD 680.6 million a year ago. Basic earnings per share from continuing operations was USD 2.4 compared to basic loss per share from continuing operations of USD 5.36 a year ago. Diluted earnings per share from continuing operations was USD 2.24 compared to diluted loss per share from continuing operations of USD 5.36 a year ago.
PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. The Company operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, LâAuberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and LâAuberge Baton Rouge. The West segment include Ameristar Black Hawk, M Resort, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, iCasino and online social gaming operations.