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Pinnacle acquisition drives strong revenue growth for Penn National Gaming

8th February 2019 9:32 am GMT

New York-listed gaming and racing operator Penn National Gaming has reported a 50 per cent increase in net revenue to $1,155.3m for the final quarter of 2018.

Net revenue came in ahead of the company’s previous guidance, with growth driven predominantly by the company’s recent acquisition of Pinnacle Entertainment.

The Northeast segment represented nearly half of the Q4 total with $526.1m, having grown 24 per cent year-on-year, though there was bigger growth from the Midwest and South [...]

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