Penn National Gaming has announced net revenues of $826.9m and income from operations of $181.8m, up 34.6 per cent, for the second quarter of 2018.
CEO Timothy J Wilmott commented: “Penn National delivered another strong quarter in which we exceeded our guidance for income from operations and adjusted EBITDA.
“Our solid second quarter results are largely attributable to same-store revenue growth at nearly two-thirds of our gaming operations and the continued success of our ongoing margin enhancement initiatives.
“As a result, all three of the company’s operating segments generated year-over-year adjusted EBITDA growth. Our margin enhancement initiatives, which began last October, continue to yield results, with ongoing focus on procurement, marketing and labour.”
