Penn National Gaming Shares Gain on Revenue Forecast

The Wall Street Journal2021-06-24

Shares ofPenn National Gamingjumped more than 3% premarket after the owner of racing facilities and video gaming terminals predicted a jump in revenue.

The Wyomissing, Pa. company said it expects revenue for the second quarter of $1.45 billion to $1.555 billion, compared with $305.5 million in the year-ago period.

It also said it plans to offer $400 million in eight-year senior unsecured notes in a private offering.

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