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Penn National Gaming revenue falls in third quarter

24th October 2014 7:09 am GMT

US casino and racecourse group Penn National Gaming has reported an 10 per cent drop in net revenue to $645.9m for the third quarter of 2014, although results exceeded the company's previous guidance range.

Penn National, operator of 26 casinos and racetrack casinos, said that the performance largely reflected better than projected property operating results including "outperformance" at some of its larger properties, and contributions from Hollywood Gaming at Dayton Raceway and Hollywood Gaming at Mahoning [...]

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