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.
