Brands: Penn National Gaming

Hollywood Casino York is celebrating its first anniversary this weekend. It took in $77 million in the past year from slot play. The Grant Bryan Band will play on Friday and Saturday. There will be a brunch buffet on Sunday. The casino plans to add 70 more slot games by late September. According to state data, it took $58.6 million in slot revenue through June 30 since its opening last summer. Its majority of revenue came from slots. MyChoice Card holders can get the buffet for $19.99. They can also get a champagne bar.

Bally's plans to redevelop Tropicana on the south-Strip are not likely to be realized until 2023. The team is considering two sites in the resort corridor for a new ballpark. Bally’s purchase of Tropicaana still needs approval by Nevada gaming regulators. The matter is not scheduled to come up on this month”s agenda. A's want to build a $1 billion waterfront ballpark in Oakland to replace the 57-year-old RingCentral Coliseum. They are also considering a 27-acre parcel behind Planet Hollywood and Paris Las Vegas.

Evolution goes live on Ontario's iGaming debut with operators including 888, BetMGM, RSI, theScore Bet. The province's new, regulated online gaming market launched on Monday, April 4. Evolution is powering online casino services in Ontario for operators such as 868, LeoVegas, Rush Street Interactive and the Score Bet, a wholly-owned subsidiary of Penn National Gaming. It will initially include the full Evolution portfolio of online live casino games, game shows, First Person table games and game Shows, as well as NetEnt and Red Tiger online slots.

The global Casinos market size was valued at $545645.2 million in 2021 and is expected to expand at a CAGR of 5.79% during the forecast period, reaching $764861.32 million by 2027. Casino is a tourist attraction and indoor amusement zone.

Internet Vikings has launched its iGaming hosting operations in Iowa. MegaFans has announced that its Summer Extravaganza Tournament will have a $100,000 prize pool. Pragmatic Play has strengthened its position in Buenos Aires City, Argentina following the approval of its Live Casino content. IGT has signed an agreement to deliver engaging iLottery content through its high-performing remote gaming server to the Michigan Lottery. SciPlay Corporation has a summer-long social media and advertising campaign for the top-ranked casino game Jackpot Party starring actress and entrepreneur Sofia Vergara.

Cruise and Casino Stocks are the most volatile. The concept of beta measures a stock's volatility compared with the market as a whole. Equity-risk premium has soared 42% this year.

Wells Fargo analysts warn of a slowdown in the U.S. gaming industry. They expect a more cautious management tone on growth outlooks.  

Station is closing Texas Station and the Fiestas. Station is building the large-scale $750 million Durango Hotel & Casino in southwest Las Vegas and a new tavern project in downtown Las Las Veg. Fiesta Rancho opened its doors in 1994 on 25.5 acres and cost $25 million. It employed 1,748 people. The company will demolish the buildings and keep the Pepsi Ice Arena. The buildings will be demolished and employees will move to other Station properties. They will also be transferred to the new properties if they choose to change. A minimal number of employees are still working at the three properties, most of them in security and building maintenance roles.

Acres Manufacturing Company has launched Cashless Casino app on Tuesday. It's a mobile app that allows operators to deploy a cashless gaming and loyalty solution within 15 weeks. Foundation CMS is capable of processing both real-time gaming data and conducting casheless transfers to and from slot machines or tables. Noah Acres hopes to be in a good position with cash-less technology within a few years.

Hollywood Casino at Penn National Race Course's poker room will not reopen after a March 2020 shutdown. The casino will hold a draw at the end of July to give away over $440,000 from its poker "bad beat" jackpot.

Macau casinos are shut down for a week. Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau.

The best interiors of land-based casinos with the £10 free no deposit UK casino bonus casinos are among the best in the world.

Greenwood Gaming and Kambi Group extend their sportsbook partnership. K Ambi provides leading technology for the operator. Greenwood owns and operates the largest casino gaming complex in Pennsylvania, ParxCasino, and the leading sportsbooks, betPARX. BetPARx is live in 17 US states and is expanding. Kamberi is looking to become the go-to sports betting partner for operators in North America. ParX Casino is famous in the state for being the #1 revenue-generating casino. The venue is located in Bensalem, Bucks County, 20 minutes north of Philadelphia's city center.

Supreme Court ruling last week allows the Tigua Indians of El Paso to operate bingo at an El Paso entertainment center. It also benefits the Alabama-Coushatta tribe, which has been fighting with Texas officials over bingos on its reservation. Las Vegas Sands will work with the Legislature next year to put a casino referendum on the ballot in Texas. Last year, Texas lawmakers rejected a Las Las Sands-backed casino gaming proposal.  WinStar World Casino and Resort is located in Thackerville, Oklahoma, on Interstate 35.

Inflation continues to ravage the US economy. Several casino stocks are down over 50% year-over-year. Commercial casinos across the U.S. had their best April ever.

Pennsylvania's 18 iCasinos collected $113.3 million in May. It's the seventh month in a row that the state's online casino play has exceeded $100 million. In the first five months of 2022, the i Casinos have collected about $555.2 million from gamblers. The retail casinos generate a lot more revenue, but that total year-to-year is basically flat.

A woman left her 2-year-old and 11-month- old children in a cold car at Lady Luck Casino in Pennsylvania. The state's Gaming Control Board is trying to prevent similar incidents. More than 400 children were left in cars in the last 17 months in 16 Pennsylvania casinos. Casinos are installing infrared cameras and putting stern signs in parking lots.   If a parent leaves their children alone in casinos, they could be arrested and banned from the casinos' property.

The potential growth difference for the casino gaming market between 2020 and 2025 is USD 50.03 billion. The report predicts the market to project an accelerating growth momentum at a CAGR of 4.85% during the projected period.

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Choice Hotels has launched a new offer for two stays at Penn National Gaming Resorts between June 3 and July 16, 2022. Choice Privileges members earn 5,00 bonus points for staying twice and can earn an additional 8,000 points from the overlapping global bonus offers.

Emma Sauers and Ally Gray received $40,000 in Penn National Gaming Diversity Scholarships. Emma will continue her education at Northern Kentucky University. Ally will attend the University of Southern Indiana. Penn has awarded over $1 million in scholarships each of the last two years. Hollywood Casino Lawrenceburg features over 1,300 slot machines, table games, blackjack, roulette, craps and poker, a Barstool Sportsbook, four restaurants including Final Cut Steakhouse.

Five casinos in Southern Nevada are not going to reopen. The economic downturn is keeping the doors locked. Red Rock Resorts spends $2.1 million every three months to keep the properties operational. The Southern Nevadans produced a gaming revenue record of $1.17 billion in March. It is expected to be higher in the first four months of 2022. There are also concerns about the impact of inflation and high gas prices. For now, the three companies have written off any reopening plans. They are still required to pay state license fees and certain slot machine and table game taxes.

Inflation has caused a big rise in consumer prices. Wells Fargo analysts looked at what this means for casino companies. They found that Wynn has the wealthiest customers.

JCMR recently announced a study on the Casinos industry. Caesars Entertainment, Galaxy Entertainment and Las Vegas Sands are the leading companies covered. The report will be revised to address Pre/Post COVID-19 effects on Casino industry and provide estimates for Casins Forecast till 2030.

Online casinos offer bonuses to attract new customers. Hollywoodcasino.com offers a $10 bonus for signing up.

Christine F. won $1 million in the 2022 mychoice Millionaire Slot Tournament at M Resort Spa Casino. She was visiting Las Vegas from St. Louis. 280 players participated in this year's tournament. $10,000 in Free SlotPlay and Comps were also awarded to lucky attendees.

Pennsylvania gaming revenue in April 2022 was $187.6 million. The Hollywood Casino at Penn National Race Course in Dauphin County had the most revenue with $65.5 million, followed by Valley Forge Casino Resort, Upper Merion with about $57.4 million and Hollywood casino in Morgantown with almost $5.1 million in revenue. Parx Casino, Bethlehem had revenue of $ 57. 1 million for the month, down 9.34% from a year ago. Mount Airy Casino resort in Mt. Pocono had $20.0 million revenue for April, which was down 15.35% on last year.

The Greektown Casino-Hotel in Detroit will be renamed Hollywood Casino in the near future.

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Hollywood Casino at Greektown will be called Greek Town starting on May 1. The name of the casino will remain the same. DTE Energy took over the naming rights of GreekTown in 2001. The original name was reinstated this past January.

Greektown Casino-Hotel has a new name ahead of the unveiling of its newly renovated spaces. The biggest changes in the Michigan casino property in almost three years involve not only gambling at the casino but many of amenities as well.

Detroit's Greektown Casino-Hotel will be renamed Hollywood Casino.

The name of the Greektown Casino-Hotel will be changed to Hollywood Casino at Greek Town starting on Sunday, May 1. The name change is part of a $30 million renovation of both the hotel and the casino.

Penn's stock price has declined from $46.97 on January 9th to $36.55 today. The decline is due to general jitters, inflation, Fed nerves, the Ukraine war, gas prices and the perception that pandemic stimulus checks inflated gaming at most of the nation's regional casinos. Stimulus checks going to the older demographics did not boost revenue for casinos in general. The market is bearish on consumer discretionary stocks. However, where Penn is concerned, much of dip has come out of profit taking. In 2021, Penn's share price reached $115. It's possible that the stock will reach $100 in early 2021.

Hollywood Casino-Hotel in Detroit will be renamed Hollywood Casino at Greektown on May 1. The name change is custom to regulatory approvals. Other updates include new guestrooms, dining options, and tech features. Hollywood casino will host special events on 19 and 21 May to celebrate the rebranding. The festivities will feature entertainment, refreshments, free slot play for all members of mychoice, big giveaways, including luxury cruises, trips to Las Vegas, a Mercedes-Benz lease, etc. and improvements to the casino’s self-park and VIP garages.

Gaming revenues in Pennsylvania reached a record high in March. The previous high revenue month occurred in November 2021 at $432,490,129.

March was a great month for the Pennsylvania gaming industry. $462.7 million was generated by all forms of gaming, including $118.1 million from online casinos. Another $30.4 million in sports betting revenue was also recorded.

The first round of the NBA playoffs starts on Saturday. There was a six-figure jackpot win on the Las Vegas Strip, a contest featuring the chance to win a Tesla at BitStarz and new offerings coming to an Atlantic City casino resort.

International Game Technology is a company that has its origins in the retail slots and lottery technology sectors. It is also a force in iGaming and online sports betting technology. On April 11, IGT announced it was acquiring London-headquartered igaming content provider iSoftBet for €160 million in cash.

Evolution introduced sports betting and online casino play in Ontario this week. European giant Evolution has brought a lot of new games to the market.

Evolution Gaming has taken an extensive set of online casino services live with multiple operators in Ontario's newly-regulated iGaming market.

State Rep. Dan Frankel and Sen. Jay Costa want to change the law to ban casino smoking. The 2008 law bans smoking in restaurants and other public spaces, but it allows casinos to allow smoking on up to 50% of the gaming floor. Parx Casino, the state's largest, requires smokers to go outside to light up. Mount Airy Casino Resort has also initiated its own ban. The state revenue figures suggest that the ban does not harm the casinos. It is a health issue for non-smokers. They prefer to be in venues where they don't have to deal with cigarettes nearby.

Play’n GO is the latest iGaming studio to be given the green light to start operating in Ontario. Play‘n Go is one of the most prolific developers of i gaming titles.

Bally's Corporation will buy the non-land assets of the Tropicana and turn it into a Ballys. The Tropics is currently run by Penn National Gaming, Inc. Report sold the property to Gaming and Leisure Properties, which licensed back the operating rights to the casino to Penn.

RSI's BetRivers has been granted an iGaming licence for its online casino and sportsbook brand in Ontario. The province is set to launch online gambling on 4 April. RSI has had a presence in Canada since October 2021. Rivalry Corporation, PointsBet, theScore Bet, 888 Holdings and Bragg Gaming Group have been given gambling supplier licences in the province. In addition, Rsi operates a real-money casino in US and Colombia.

Hard Rock International has announced a president to lead its hotel and casino operations in Bristol. Allie Evangelista most recently served as a vice president and general manager for Penn National Gaming operations. Hard Rock is expected to open a 30,000-square-foot temporary casino featuring 900 gaming slots and 20 tables in the second quarter of 2022. The permanent casino, to come later, will be 90,00 square feet and cost about $400 million. It will create 2,500 jobs once it is fully operational and 1, 500 indirect jobs.

Stocks suffered another day of losses on Friday. Online gambling stocks were dragged down by a disappointing forecast from DraftKings. Appian posted a double-digit percentage gain following the release of better-than-expected earnings. Sealed Air set a fresh 52-week high.

In January, the Pennsylvania Gaming Control Board reported that total revenue from gaming and fantasy contests was $393.1 million. The Hollywood Casino at Penn National Race Course in Dauphin County had the most profitable facility with $57.2 million in revenue. Hollywood casino York had revenue of $6.6 million, with nearly $5 million generated from slots.

The Super Bowl marked Las Vegas's official return to normal. It was the first major event held in the city since Nevada dropped its indoor mask mandate. A record 31.4 million American adults planned to bet on Superbowl LVI, a 35% increase from 2021. Bettors expected to wager $7.61 billion on this year’s championship game, up $3.33 billion from last year.

Last month saw a 2% drop in the number of patrons visiting casinos across the United States. The prevalence of the omicron variant of coronavirus continues to decline.

SJM Holdings, MGM Resorts, Betfair Online Casino Games, Isle of Capri Casinos, etc. are the companies profiled in the report. The report provides the Casino market in terms of size, growth rate, CAGR, future growth forecasts and market structure analysis.

The casino industry is changing fast. Online gaming is becoming legal in many U.S. states. Macau is the largest gambling market in the world. The island will be reopening in 2022. Casino stocks are considered consumer discretionary stocks. They operate like hotels, relying on room occupancy and conventions for revenue. Spending on gambling and tourism is correlated with the overall health of the economy.

The draft Macau Gaming Bill proposes six casino concessionaires with a maximum term of ten years. Las Vegas Sands stock has gained 15% since early January. Trefis believes the rally is likely to continue despite the ongoing weakness in Macao's gaming industry.

Pennsylvania's gaming industry generated $4.73 billion in commercial revenue in 2021. Online casinos and sports betting helped the industry grow. Casinos struggled to match the previous year's revenue. The state has 16 casinos, but only 12 were open in the past decade. The slots and tables revenue totaled $3.21 billion. For the dozen that were also in business in 2019, it was $2.87 billion, a 12.2% decline from the pre-COVID era.

Hollywood Casino Morgantown had a profitable 10 days. The casino received $2.4 million from slot machines, $389,818 from table games and $39,535 from its sportsbook. Hollywood Casino at Penn National Race Course pulled in $58.8 million. Internet gaming brought in the bulk of the total with $40.5 million, while slots brought $13.1 million and table game $ 2. 4 million in December.

Plainridge Park Casino had its best December in two years. The casino had revenues of just over $11 million in gross gaming revenue for last month. It is the first increase since the July report and the best since 2019 when revenues were $10.2 million. Statewide, the three casinos generated approximately $96 million for December. The commonwealth has collected approximately $971 million from Plainridge, MGM and Encore since their openings. MGM Springfield and encore Boston Harbor are taxed 25% of GGR.

JCM Global has installed its payment technology in all 750 games at the new Hollywood Casino Morgantown. The $110m Pennsylvania property opened in December 2021. JCM has a longstanding relationship with Penn National Gaming. It previously supplied its iVIZION, GEN5 and ICB products for all 500 slots at Hollywood casino York, which opened last summer.

Net Entertainment has launched its innovative titles in the newly-regulated market in New England state of Pennsylvania. The company was granted an Interactive Gaming Manufacturer Conditional License by the Pennsylvania Gaming Control Board in March this year.

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Since March, shares of Las Vegas Sands and Penn National Gaming have declined. Las Las Sands has higher profitability and a lower market capitalization. Penn stock reached historical highs in March as investors speculated on market share gains of its sports betting application, Barstool. Trefis created an interactive dashboard analysis to compare the two stocks.

Gaming and Leisure Properties Incorporated has completed the takeover of a Maryland casino operated by The Cordish Companies. The Pennsylvania-based company paid $1.14 billion for the land and real estate assets of the Live! Casino and Hotel Maryland. It also signed a triple net lease to keep the venue open for at least 39 years.

The new Hollywood Casino Morgantown is now open for business in Berks County, Pennsylvania. The project cost Penn National $111m, including a $10.5m license fee. It is Penn's fourth gaming and entertainment facility in the state and its 44 property across North America.

PSIsafe HR Document Management Software provides real-time employee t&a info for Hollywood Casino Toledo. Hollywood is one of more than 27 gaming and racing facilities owned and operated by Penn National Gaming.

Hollywood Casino Morgantown opens. The 81,000-square-foot building was built on a vacant lot near the intersection of Route 10, Interstate 176 and the Pennsylvania Turnpike. A string band performed “Fly Eagles Fly” as the first customers entered the building.  Patricia Gordon and her small group from West Chester couldn't wait to see what was inside.

Hollywood Casino Morgantown is the fourth gaming and entertainment facility in Pennsylvania by Penn National Gaming, Inc. The $111 million state-of-the-art casino is company's 44th property in North America. It employs 375 people and generated over 275 construction jobs. It is open 7 days a week and 24 hours a day on Friday and Saturday. Its innovative 3Cs technology provides for a cardless, cashless and contactless ‘mywallet’ experience.

Penn National Gaming is opening its third casino in Pennsylvania on Wednesday. The 80,000-square-foot facility will be called Hollywood Casino Morgantown. It will open three days before Christmas. Penn National has 16 casinos in the state. The company has been expanding operations before the COVID pandemic. Its fourth casino is called the Hollywood casino at The Meadows south of Pittsburgh. Hollywood casinos at Penn and York have been profitable.

John Acres created the gaming industry's first player tracking system in the 1980s. He believes the industry needs to change with the times and focus on attracting new customers. Acre's Foundation technology is being built at Las Vegas-based Acers Manufacturing. It tracks real-time player behavior and sends bonuses to players on their mobile devices. It allows casinos to tie into the growing use of cashless gaming. The technology was inducted into gaming's Hall of Fame in 2016.   Casino revenues grew 125 percent between 1999 and 2019, but only 16 percent in last 5 years.

Penn National Gaming's $111 million Hollywood Casino Morgantown will open Wednesday. It is the company's fourth casino in Pennsylvania and the first in Berks County. The casino will be open around the clock on weekends and from 9 a.m. to 4 a morning on weekdays.

Hollywood Casino Morgantown in Caernarvon Township, Pennsylvania, is scheduled to open on December 22. The new casino is owned by Penn National Gaming of nearby Wyomissing. It cost $111 million and features 750 slot machines and 30 table games. There is also a Barstool Sports-branded sports book and three dining outlets. The restaurant menu includes Tony Luke's cheesesteak, Red Lotus Asian Kitchen and Bar 76.

The Live! Pittsburgh mini-casino has been granted approval to open a new poker room. The seven-table space is scheduled to be open on 20 December 2021. It is one of many transformations done at the venue by the Cordish Companies. Other changes include 20 new electronic gaming terminals for blackjack and roulette play, a FanDuel FanCave and 18 slot machines.

Online gaming is on a growth stage. Playgon Games Inc. is a Software-as-a-Service (SaaS) technology company. Other companies jockeying for the end user, curating gaming and gambling services for consumers include Bally's Corporation, DraftKings Inc., Golden Nugget Online Gaming Inc, and Penn National Gaming. Global revenue in iGaming will grow at a CAGR of 11.94% from $75 billion in 2021 to reach $127.3 billion by 2027.

Cordish Companies is selling off and leasing back its Live! Casinos in Pennsylvania and Maryland. The deal with Gaming and Leisure Properties Inc. was announced late Monday. GLPI is an investment trust spun off from Penn National Gaming. It owns the real estate of numerous casinos across the U.S. that are run by gaming companies. Peter Carlino, chairman and CEO of GL PI, said the transaction is part of a strategy to diversify its portfolio.

GLPI is acquiring three casinos from The Cordish Companies in a deal worth $1.81bn. The initial leases carry a term of 39 years with a maximum term up to 60 years. Cordishes will pay a starting rent of $125m, which will rise annually by 1.75% beginning on the second anniversary of the lease.

Hollywood Casino Morgantown is set to open on Wednesday, December 22 at noon. The 80,000 square-foot facility will feature 750 slot machines, 30 table games, a climate-controlled outdoor gaming terrace, and a Barstool Sportsbook. It will also host the Red Lotus Asian Kitchen, serving authentic made-to-order Asian cuisine. Two test days will be held before the grand opening. All the proceeds from the games will go to local charities.   The development of the facility represents an investment of approximately $111 million.

Hollywood Casino Morgantown will open on December 22. It will be Penn National's fourth casino in the state. The casino is located at the intersections of the Pennsylvania Turnpike (I-76), I-176, and the Morgantsown Expressway (Rt. 10). It is close to the company's headquarters in Wyomissing, Berks County. It features 750 slot machines, 30 table games, a climate-controlled outdoor gaming terrace, Barstool Sportsbook with a jumbotron, an outdoor firepit and a Red Lotus Asian Kitchen.

Nevada continues to break records for monthly gaming win. Six of the 23 publicly traded companies in Review-Journal's coverage of gaming and tourism-related business suffered losses in the third quarter. Some companies have been struggling since casinos were shut down for 78 days in March 2020. The San Manuel Band of Mission Indians will apply to acquire the Palms from Red Rock Resorts for $650 million. MSG Entertainment Inc. reported its first-quarter 2022 earnings. Brendan Bussmann, director of government affairs for Las Vegas-based Global Market Advisors, says the industry will have to watch out for economic problems affecting other industries.

Hollywood Casino Morgantown is set to open on Wednesday, December 22nd at noon. It is Penn National's fourth casino in Pennsylvania. The facility will feature 750 slot machines, 30 table games, a climate-controlled outdoor gaming terrace, and a state-of-the-art Barstool Sportsbook. Tony Luke's will bring his restaurant and his famous cheesesteaks to the facility.  

Hollywood Casino Morgantown will open its doors on Wednesday, December 22. The launch of the Category 4 Satellite Casino is still pending regulatory approvals. Penn National has three other Category4 casinos operating in Pennsylvania.

Omicron variant of COVID-19 has caused concern across the globe. Casinos must be ready for the potential decline in stock prices.

Deutsche Bank maintain their Hold rating on Penn National Gaming. The company reported a quarterly revenue of $1.51 billion and a net profit of $239.1 million. According to TipRanks, the consensus among 13 Tipranks analysts is for a Moderate Buy rating of shares in Penn. National. Gaming, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment.

Gaming revenue for the state’s casinos and fantasy contests was a record $426 million in October. It is a 33% increase from October 2020. The previous high was $172.3 million. Internet gaming brought in a majority of the money, netting $40.6 million, while traditional gaming such as slot machines and table games brought $15.1 million and $2.4 million respectively. Sports wagering lost $1. 1 million during the month.

Penn National Gaming plans to open Hollywood Casino Morgantown on December 22. The company invested approximately $111 million into the 80,000-square-foot facility and it will create approximately 375 jobs. It is Penn National's fourth facility in Pennsylvania. Two invitation-only test days will be held before the grand opening.

Penn National Gaming plans to open a new casino in Berks County on Wednesday, December 22. The company has invested $111 million in the property. It will be the fourth casino to be opened in Pennsylvania as a result of 2017 gaming expansion legislation. The first one opened at Pittsburgh! Live at Westmoreland Mall a year ago.