#Penn National Gaming

Legal changes make Colorado an enticing casino market for Nevada operators

Nevada's major gaming companies avoided Colorado for nearly two decades. The state's casinos were legalized in the historic mining towns of Black Hawk, Central City and Cripple Creek. Las Vegas and Reno's gaming firms invested millions to change the perception of the Colorado casino communities. Colorado's mountainous rural casino towns have turned the state into one of top 15 gaming revenue-producing regions. Sports betting legalization in 2021 helped make Colorado a market that gaming operators could no longer ignore. In Blackhawk, three properties account for more than 1,300 hotel rooms, roughly 85 percent of market.
Industry
Legal changes make Colorado an enticing casino market for Nevada operators
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PointsBet launches in Louisiana with Penn National Gaming Monday 26 September 2022 - 10:33 am Online gambling operator PointsBet Holdings has launched online sports betting in the US state of Louisiana via its partnership with Penn National Gaming...

PointsBet launches in Louisiana with Penn National Gaming
Monday 26 September 2022 - 10:33 am


Online gambling operator PointsBet Holdings has launched online sports betting in the US state of Louisiana via its partnership with Penn National Gaming...
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@FocusGamingNews

@PointsBet launches in #Louisiana PointsBet has launched its #mobileapp and digital #sportsbetting products in Louisiana via its #partnership with Penn National Gaming (PNG).

@PointsBet launches in #Louisiana 

PointsBet has launched its #mobileapp and digital #sportsbetting products in Louisiana via its #partnership with Penn National Gaming (PNG).

Pennsylvania casinos reach new record for gambling revenue

Pennsylvania casinos and gaming operators in the state set a new annual record for gambling revenue. The revenue for the fiscal year 2021-2022 is $5 billion. It is 30% higher than the previous year's $3.9 billion figure. Hollywood Casino York had total revenue of $77 million for this fiscal season. The Hollywood casino at Penn National Race Course in Dauphin County had revenue increase of 51.86% over the year 2020-21.
Finance
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Indy Gaming: Slot companies’ proposed merger briefly fires up investors

The investment community was abuzz over a potential merger between two rival gaming equipment suppliers. The fervor lasted less than 12 hours. Inspired Entertainment offered AGS $10 per share, but AGs rejected the offer. Stifel Financial gaming analyst Jeffrey Stantial wrote that the merger is unique in that there is no overlap between the two companies product-wise. Truist Securities gaming analysts Barry Jonas said Inspired is focused on its European business, while AG's is concentrated in the North American gaming market. AG went public in 2018 at an initial price of $16 per shares.
Finance
Indy Gaming: Slot companies’ proposed merger briefly fires up investors

Hollywood Casino York to celebrate its first anniversary

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.
Gaming Authorities
Hollywood Casino York to celebrate its first anniversary

Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month

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.
Valentine's Day
Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month
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Evolution goes live on Ontario's iGaming debut with operators including 888, BetMGM, RSI, theScore Bet

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.
Gaming Authorities
Evolution goes live on Ontario's iGaming debut with operators including 888, BetMGM, RSI, theScore Bet

Casinos Market Growth USD 764861.32 million by 2027

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.
Incidents
Casinos Market Growth USD 764861.32 million by 2027

Gaming Americas Weekly Roundup

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.
Sports
Gaming Americas Weekly Roundup
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Station Casinos to permanently close, demolish Texas Station, Fiesta properties and sell the land

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.
Covid
Station Casinos to permanently close, demolish Texas Station, Fiesta properties and sell the land
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Kambi extends existing deal with Greenwood Gaming

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.
Sports
Kambi extends existing deal with Greenwood Gaming
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Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

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.
Gaming Authorities
Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

Pennsylvania Casinos Warn Gambling Parents: Don’t Leave Children in Cars

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.
Gaming Authorities
Pennsylvania Casinos Warn Gambling Parents: Don’t Leave Children in Cars

Choice Privileges 5,000 Bonus Points For Two Casino Stays June 3

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.
Bonuses
Choice Privileges 5,000 Bonus Points For Two Casino Stays June 3

Hollywood Casino Presents $40K in Scholarships to Two Southeastern Indiana Students

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.
Sports
Hollywood Casino Presents $40K in Scholarships to Two Southeastern Indiana Students

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

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.
Lottery
Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

$1 million slot tournament win at M Resort Casino

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.
Tournaments

Pennsylvania gaming revenue in April up 14% over 2021

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.
Finance
Pennsylvania gaming revenue in April up 14% over 2021

Las Vegas Sands, Bellagio Shanghai, Ritz Carlton Millenia

The Latest research study released by HTF MI “Global Resorts Casino Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players. Las Vegas Sands, Metro-Goldwyn-Mayer, Caesars Entertainment, Galaxy Entertainment Group, Wynn Resort, SJM Holdings, Melco Crown Entertainment and Genting Malaysia are some of the Major Companies covered in the report. The report supplies the worldwide monetary challenge with the help of Porter’s Five Forces Analysis and SWOT Analysis.
Land-based

Changing The Name Of Greektown Casino Is A Mistake

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.
Sports
Changing The Name Of Greektown Casino Is A Mistake

Penn National Gaming: The Real Value Is In Its Casinos (NASDAQ:PENN)

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.
Finance
Penn National Gaming: The Real Value Is In Its Casinos (NASDAQ:PENN)

Greektown Casino-Hotel to Be Renamed Hollywood Casino at Greektown

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.
Winnings
Greektown Casino-Hotel to Be Renamed Hollywood Casino at Greektown

IGT To Boost Online Slots Catalog With $174 Million iSoftBet Acquisition

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.
Industry
IGT To Boost Online Slots Catalog With $174 Million iSoftBet Acquisition

Another Push For Casino Smoking Ban Resurrected By Lawmaker

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.
Law
Another Push For Casino Smoking Ban Resurrected By Lawmaker

RSI’s BetRivers granted iGaming licence in Ontario

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.
Gaming Authorities
RSI’s BetRivers granted iGaming licence in Ontario

Hard Rock names president of new Bristol hotel and casino

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.
Land-based

Pennsylvania gaming revenue up 26% in January over 2021

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.
Finance
Pennsylvania gaming revenue up 26% in January over 2021

Las Vegas Casinos Have a Huge Win: Caesars and MGM Cash In

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.
Land-based
Las Vegas Casinos Have a Huge Win: Caesars and MGM Cash In

Investing in Casino Stocks

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.
Finance
Investing in Casino Stocks

Las Vegas Sands Stock: Ride The Momentum Or Pull Out?

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.
Finance
Las Vegas Sands Stock: Ride The Momentum Or Pull Out?

Combination Of Factors Challenge PA Casinos In Matching 2019 Revenue

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.
Finance
Combination Of Factors Challenge PA Casinos In Matching 2019 Revenue

JCM Global installs product suite at Hollywood Casino Morgantown

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.
Industry
JCM Global installs product suite at Hollywood Casino Morgantown

Will Tides Turn For Las Vegas Sands Stock?

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.
Finance
Will Tides Turn For Las Vegas Sands Stock?

Maryland completion for Gaming and Leisure Properties Incorporated

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.
Travel
Maryland completion for Gaming and Leisure Properties Incorporated

Penn Opens Pennsylvania Hollywood Casino Morgantown

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.
Covid
Penn Opens Pennsylvania Hollywood Casino Morgantown

Penn National Gaming celebrates grand opening of Hollywood Casino Morgantown

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.
Sports

Penn National Adds To Its Casino Dominance In The State On Wednesday

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.
Sports
Penn National Adds To Its Casino Dominance In The State On Wednesday

Gaming developer Acres updates decades-old player loyalty systems

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.
Travel
Gaming developer Acres updates decades-old player loyalty systems

Take a look inside Penn National Gaming’s newest casino

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.
Sports
Take a look inside Penn National Gaming’s newest casino

The Casino File: A new Hollywood Casino opens in Berks County; Live! Pittsburgh introduces new amenities

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.
Sports
The Casino File: A new Hollywood Casino opens in Berks County; Live! Pittsburgh introduces new amenities

Digitization Reshaped Ecommerce First, Now Moving to Online Gaming

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.
Industry