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Last €17.50 EUR
Change Today +0.28 / 1.63%
Volume 0.0
PN1 On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 2:08 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

penn national gaming inc (PN1) Snapshot

Open
€17.55
Previous Close
€17.22
Day High
€17.55
Day Low
€17.50
52 Week High
07/15/15 - €17.65
52 Week Low
08/6/14 - €7.67
Market Cap
1.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
79.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PENN NATIONAL GAMING INC (PN1)

penn national gaming inc (PN1) Related Businessweek News

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penn national gaming inc (PN1) Details

Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations. As of December 31, 2014, it operated 26 facilities in 17 jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

16,650 Employees
Last Reported Date: 02/27/15
Founded in 1972

penn national gaming inc (PN1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $775.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $716.1K
Chief Development Officer and Executive Vice ...
Total Annual Compensation: $646.2K
Senior Vice President of Regional Operations
Total Annual Compensation: $579.0K
Compensation as of Fiscal Year 2014.

penn national gaming inc (PN1) Key Developments

John Canham to Assume the Role of General Manager of Video Gaming Terminal Operations at Penn National Gaming

Penn National Gaming Inc. has entered into a definitive agreement to acquire Prairie State Gaming in an all cash transaction. The transaction, which is expected to be immediately accretive to Penn National upon closing later this quarter, is subject to regulatory and other customary approvals and conditions. John Canham, current acting general manager at Hollywood Casino at Kansas Speedway, will assume the newly created role of general manager of VGT Operations for Penn National, subject to customary regulatory approvals. Canham will report directly to Ameet Patel, senior vice president, Regional Operations for Penn National. Throughout his 36-year gaming industry career, Canham has served in many diverse roles. Prior to assuming the role of acting general manager at Hollywood Casino at Kansas Speedway, he served as vice president of Casino Operations at the property beginning in 2014. Rob Miller, founder and president of PSG, will remain with the company as a strategic advisor and will be working closely with Canham to ensure a smooth transition and to continue supporting PSG's retail gaming, bar, restaurant, and veteran organization customers.

Penn National Gaming Inc. Appoints Bob Sheldon as President of Las Vegas Operations, Effective July 6, 2015

Penn National Gaming Inc. announced the appointment of Bob Sheldon as President of Las Vegas Operations effective July 6, 2015, subject to regulatory approvals. In this newly created position, Mr. Sheldon will oversee the operations of Tropicana Las Vegas following the completion of the Company’s acquisition of the iconic Strip property, which is expected to occur later this year, as well as the operations of the M Resort in Henderson. Mr. Sheldon will report directly to Jay Snowden, Penn National’s Chief Operating Officer. Bob Sheldon currently serves as the General Manager of Hollywood Casino at Kansas Speedway, which is jointly owned with International Speedway Corporation, and was responsible for the property’s successful opening in February 2012. A search for his replacement is underway. Anthony Marnell, who is currently the President and General Manager at the M Resort, will be transitioning to a new strategic consulting role for Penn National focused on community and political relations in Nevada as well as Penn National’s long-term property development plans in Las Vegas. Mr. Marnell, along with Marnell Corrao Associates, designed and built the M Resort in 2007 and opened the property in 2009.

Penn National Gaming Inc. Announces Executive Appointments

Penn National Gaming Inc. announced that Richard St. Jean has been named General Manager of Hollywood Casino Jamul-San Diego. Mr. St. Jean, who currently serves as General Manager of Hollywood Casino Toledo, will also assume an oversight role at Zia Park Casino Hotel & Racetrack in Hobbs, New Mexico. The company also named Frank Quigley, until recently the interim General Manager of Casino Rama in Orillia, Ontario, as General Manager of Hollywood Casino Toledo. Both appointments are subject to customary regulatory approvals and are expected to be effective in early June 2015. Mr. St. Jean will have full responsibility for the opening and management of the planned $360 million Hollywood Casino Jamul-San Diego, which will be owned by the Jamul Indian Village of California and managed by Penn National Gaming. The new property, situated approximately 20 miles east of downtown San Diego off State Route 94, is scheduled to open in mid-2016 and is expected to feature 1,700 slot machines and 43 live table games along with multiple food and beverage options. Mr. St. Jean will also oversee the company’s efforts to recruit and train approximately 1,000 employees who will serve at the property upon its opening. In addition, he will assume an oversight role at the Company’s Zia Park Casino Hotel & Racetrack, where he will work closely with recently named General Manager Hussain Mahrous to drive continued growth at the property, which saw the addition of a new 154-room hotel in August 2014. Richard St. Jean served four years as General Manager of Hollywood Casino Toledo, where he led the team credited with the successful May 2012 opening and ramp of operations at the Company’s $300 million facility. He joined the company in May 2011 following a 16-year career at Station Casinos during which he served in a number of roles, including President of Native American Gaming, Vice President and General Manager of Development, and a variety of property management roles. Frank Quigley rejoined the company in January 2015 as interim General Manager of Casino Rama. Previously, he served as General Manager of Penn National facilities in Pennsylvania, Illinois, Iowa, and Louisiana. Prior to joining the company in 2003, he served as Vice President of Slot Operations at Harrah’s Showboat Hotel and Casino in Atlantic City, New Jersey and for over 20 years at Harrah’s Casino in Atlantic City, where he ascended from dealer to the rank of Vice President of Table Games/Credit/Security.

 

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Industry Analysis

PN1

Industry Average

Valuation PN1 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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