New York-listed casino and racecourse operator Penn National Gaming has reported a 4 per cent increase in net revenue to $826.9m for its financial first quarter ended June 30th, with the focus now on launching sports betting at its casinos in three US states by September.

As the company continues to make progress on its merger with Pinnacle Entertainment, revenue came in below the company’s previous guidance of $839.9m but rose year-on-year. This helped income from operations rise 35 per cent to $181.8m for the quarter, with net income tripling to $54.0m.

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