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Penn National Gaming’s results beat expectations in 2015

8th February 2016 9:48 am GMT

US racetrack and casino operator Penn National Gaming has beaten expectations for the full 2015 year, with net revenue climbing 10 per cent and adjusted EBITDA rising 12 per cent during the period.

It follows a strong performance during the final quarter of the year which saw net revenue increase 13 per cent to $734.0m, ahead of the company’s previous guidance forecast of $722.5m. Adjusted EBITDA also came in above expectations, climbing 20 per cent to [...]

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