Penn National Gaming, Inc. (NASDAQ:PENN), a provider of integrated entertainment, sports content and casino gaming experiences., reported higher revenues in the first quarter. Retail operations benefitted from strong volumes and significant database growth
Strong Performance Across All SegmentsPenn National reported revenue of $1.56 billion for the first quarter of 2022, an increase of 23% over the prior-year period.
Gaming revenue increased 19.33%, while food, beverage, hotel and other revenue increased 41.5% year-over-year
Penn’s northeast segment led the way in revenue with $658.5 million, followed by the south segment with $341.4 million. ...
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Penn National Gaming Beats On Revenue, Raises 2022 Guidance