Penn National Gaming

OverviewSuggest Edit

Penn National Gaming is an owner and manager of gaming and racing properties, retail and online sports betting operations, and video gaming terminal operations. It operates live sports betting properties, an online sports betting app, bingo, and online casinos. The company also owns and operates horse racetracks and harness racetracks.
TypePublic
Founded1972
HQWyomissing, PA, US
Websitepngaming.com
Employee Ratings3.6
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2021)21,973(+20%)
Job Openings9
Revenue (FY, 2021)$5.9 B(+66%)
Share Price (Jun 2022)$32.1(+13%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Penn National Gaming

Jay Snowden

Jay Snowden

President, Chief Executive Officer and Director
Harper Ko

Harper Ko

Executive Vice President, Chief Legal Officer and Secretary
Todd George

Todd George

Executive Vice President, Operations
Felicia Hendrix

Felicia Hendrix

Executive Vice President, Chief Financial Officer
Erin Chamberlin

Erin Chamberlin

Senior Vice President, Regional Operations
Justin Carter

Justin Carter

Senior Vice President, Regional Operations
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Penn National Gaming Office Locations

Penn National Gaming has an office in Wyomissing
Wyomissing, PA, US (HQ)
825 Berkshire Blvd
Show all (1)

Penn National Gaming Financials and Metrics

Penn National Gaming Revenue

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View revenue for all periods
Penn National Gaming's revenue was reported to be $5.91 b in FY, 2021
USD

Revenue (Q1, 2022)

1.6b

Gross profit (Q1, 2022)

705.7m

Gross profit margin (Q1, 2022), %

45.1%

Net income (Q1, 2022)

51.6m

EBITDA (Q1, 2022)

434.6m

EBIT (Q1, 2022)

292.0m

Market capitalization (24-Jun-2022)

5.4b

Closing stock price (24-Jun-2022)

32.1

Cash (31-Mar-2022)

1.8b

EV

12.6b
Penn National Gaming's current market capitalization is $5.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

5.3b3.6b5.9b

Revenue growth, %

48%(32%)

Cost of goods sold

3.0b1.9b3.1b

Gross profit

2.3b1.7b2.8b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.1b305.5m1.1b1.3b1.5b1.5b1.6b

Cost of goods sold

657.9m174.9m528.2m650.9m769.5m812.5m858.5m

Gross profit

458.2m130.6m601.5m624.0m776.3m699.3m705.7m

Gross profit Margin, %

41%43%53%49%50%46%45%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

437.4m1.9b1.9b

Accounts Receivable

88.7m96.4m195.0m

Prepaid Expenses

76.7m103.5m132.3m

Current Assets

642.8m2.2b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

730.7m1.2b1.9b2.1b2.3b2.7b1.8b

Accounts Receivable

50.1m71.1m138.6m137.5m138.5m154.1m122.9m

Prepaid Expenses

57.1m49.5m112.2m104.4m112.0m134.3m

Current Assets

1.6b2.2b2.3b2.6b3.0b2.1b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

43.1m(669.1m)420.5m

Depreciation and Amortization

414.2m366.7m344.5m

Accounts Payable

4.4m(6.6m)(30.4m)

Cash From Operating Activities

703.9m338.8m896.1m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(608.6m)(681.8m)90.9m289.6m375.7m51.6m

Depreciation and Amortization

95.7m187.6m275.3m81.3m163.2m246.9m118.2m

Accounts Payable

29.1m22.3m(10.6m)1.0m(1.2m)(7.8m)

Cash From Operating Activities

(33.2m)(130.9m)220.8m180.5m504.6m779.0m224.9m
USDFY, 2019

EV/EBITDA

7.7 x

EV/EBIT

16.7 x

EV/CFO

13.6 x

EV/FCF

17.8 x

Revenue/Employee

187.3k

Financial Leverage

7.7 x

P/E Ratio

69.1
Show all financial metrics

Penn National Gaming Operating Metrics

FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020FY, 2021Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Facilities

41414141414441414344

Jurisdictions

19191919192019192020

Gaming Space, sq.ft.

2.4 m2.41 m2.6 m

Gaming Machines

49.64 k48.03 k45.93 k

Penn National Gaming Acquisitions / Subsidiaries

Company NameDateDeal Size
Score Media and Gaming Inc.October 19, 2021$2.1 b
Greektown Casino-HotelMay 23, 2019$320.3 m
Margaritaville Resort CasinoJanuary 01, 2019$119.9 m
Absolute GamesJune 18, 2018
Pinnacle EntertainmentDecember 18, 2017$2.8 b
Rocket GamesAugust 03, 2016$170 m
Prairie State GamingJuly 31, 2015
Tropicana Las Vegas Hotel and CasinoApril 29, 2015$360 m
CRC HoldingsApril 27, 2011
Zia Park Casino, Hotel & RacetrackApril 17, 2007
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Penn National Gaming Revenue Breakdown

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Penn National Gaming revenue breakdown by business segment: 5.5% from Food and beverage, 83.7% from Gaming and 10.8% from Other

Penn National Gaming revenue breakdown by geographic segment: 18.6% from Midwest, 43.0% from Northeast, 22.3% from South, 8.8% from West and 7.5% from Other

Human Capital Metrics

Source: craft.co
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Penn National Gaming Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Penn National Gaming Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Penn National Gaming Online and Social Media Presence

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Penn National Gaming Company Culture

  • Overall Culture

    D+

    61/100

  • CEO Rating

    D+

    61/100

  • Compensation

    C

    63/100

  • Diversity

    D

    55/100

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Penn National Gaming News and Updates

Penn National Gaming stock rallies after revenue rises to record, tops expectations

Shares of Penn National Gaming Inc. rose 1.4% in premarket trading Thursday, after the online gaming and sports betting company and Barstool Sports partner reported first-quarter profit that fell but revenue that rose to record levels to top expectations. Net income declined to $51.7 million, or 29…

Penn National Gaming CEO Snowden's total 2021 compensation soars to almost $69 million

Penn National Gaming Inc. Chief Executive Jay Snowden's total compensation rocketed to $65.89 million in 2021, from just $3.90 million in 2020, as surge in the gaming and esports company's stock led to more than $50 million worth of stock awards. In the company's 2021 proxy statement filed late Tue…

Thinking about trading options or stock in Twitter, Penn National Gaming, Apple, Shopify, or Walt Disney?

NEW YORK, April 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TWTR, PENN, AAPL, SHOP, and DIS. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Penn National Gaming is a buy after recent underperformance, Morgan Stanley says

Despite a downturn in shares, Morgan Stanley sees a buying opportunity in Penn National Gaming.

Penn National Gaming hired more than 3,600 employees in 2021, but the workforce was still well below 2019 level

Penn National Gaming Inc. disclosed that its 2021 workforce grew by about 20% from 2020, but remained about 22% below its workforce in pre-pandemic 2019. In the gaming and e-sports companies 10-K filed with the Securities and Exchange Commission late Monday, the company said it had 21,973 full- and…

Penn National Gaming Stock: Should You Buy The Dip?

The shares of Penn National Gaming (NASDAQ: PENN) observed a deep contraction in Q4 2021 along with its peers, Draft Kings and Flutter Entertainment, due to concerns of high competitive rivalry, the Omicron variant disrupting the NFL league, and a pullback in macroeconomic activity.
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Penn National Gaming Frequently Asked Questions

  • When was Penn National Gaming founded?

    Penn National Gaming was founded in 1972.

  • Who are Penn National Gaming key executives?

    Penn National Gaming's key executives are Jay Snowden, Harper Ko and Todd George.

  • How many employees does Penn National Gaming have?

    Penn National Gaming has 21,973 employees.

  • What is Penn National Gaming revenue?

    Latest Penn National Gaming annual revenue is $5.9 b.

  • What is Penn National Gaming revenue per employee?

    Latest Penn National Gaming revenue per employee is $268.7 k.

  • Who are Penn National Gaming competitors?

    Competitors of Penn National Gaming include Scientific Games, IGT and Wynn Resorts.

  • Where is Penn National Gaming headquarters?

    Penn National Gaming headquarters is located at 825 Berkshire Blvd, Wyomissing.

  • Where are Penn National Gaming offices?

    Penn National Gaming has an office in Wyomissing.

  • How many offices does Penn National Gaming have?

    Penn National Gaming has 1 office.