Regional casino players prep for limited reopenings [Seeking Alpha]
Penn National Gaming, Inc. (PENN)
Last penn national gaming, inc. earnings: 2/6 07:00 am
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US:NASDAQ Investor Relations:
pennnationalgaming.gcs-web.com/investor-overview
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Source: Seeking Alpha
ConsumerRegional casino players prep for limited reopeningsApr. 27, 2020 9:53 AM ET|Boyd Gaming Corporation (BYD)Clark SchultzNomura Instinet keeps a Buy rating on Penn National Gaming (PENN+9.6%+7.5%"It is a given that when casinos reopen, visitation and gaming position occupancy will be limited to ~50% for a 60-90 day period to give regulators and state health officials time to monitor reinfection rates. Operators are likely to grant their best customers (highly rated players) greater access which should lift win/position and operating efficiency significantly," writes analyst Harry Curtis.Curtis thinks the next three months should be the worst of the COVID storm for both companies."EBITDAR should turn gradually positive through 3Q as casinos reopen with lower revenue, but also much reduced operating costs. There is little incentive for casinos to reopen unless they are cash flow positive. By 4Q, both BYD and PENN should return to profitability, albeit small."Click to subscribe to
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PENN
News
- Justin Sebastiano Joins Game Play Network as EVP and CFO [Los Angeles Times (CA)]Los Angeles Times
- Forget PENN Entertainment, This Sports Betting Stock Is a Much Better Buy [Yahoo! Finance]Yahoo! Finance
- PENN Entertainment (PENN) Valuation Check as it Rebrands to theScore Bet and Expands Las Vegas Resort [Yahoo! Finance]Yahoo! Finance
- Justin Sebastiano Joins Game Play Network as Executive Vice President and Chief Financial OfficerPR Newswire
- PENN Entertainment Celebrates the Official Opening of Second Hotel Tower at M Resort Las Vegas [Yahoo! Finance]Yahoo! Finance
PENN
Earnings
- 11/6/25 - Miss
PENN
Sec Filings
- 11/26/25 - Form 8-K
- 11/24/25 - Form 4
- 11/18/25 - Form 4
- PENN's page on the SEC website