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Penn National reports Q4 2020 net income, promises bigger things from Barstool
Penn National reports Q4 2020 net income, promises bigger things from Barstool
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Penn National Gaming (PNG) managed to close out 2020 on a positive note, reporting a net income for the fourth quarter. That’s an improvement on 2019’s Q4 net loss, but still feel behind analyst expectations.
PNG’s net income came in at $12.7 million, or 7 cents a share. That resulted off of revenue of $1.027 billion, and improved on the $92.9 million loss of Q4 2019.
While total revenue was down from the $1.341 billion of 2019, cost cutting helped result in black at the bottom of the report.
Newsroom
Rege Behe, CDC Gaming Reports ·
January 15, 2021 at
4:05 pm
Members of Penn National Gaming’s loyalty program now have another way to earn points while on the road.
The Pennsylvania-based casino and racetrack operator announced an agreement this week with Choice Hotels International.
Penn National’s patrons can accrue earning and redemption benefits when they stay at Cambria Hotels, Quality Inns, MainStay Suites, Econo Lodges or any other brand in the Ascend Hotel Collection.
Also, Choice Hotels loyalty program members can earn benefits while visiting any Penn National property, including Greektown Casino-Hotel in Detroit and Ameristar Casino Hotel Vicksburg in Mississippi.