Penn reports $1.51bn in Q3 revenue but non-operating costs hit profits

| By Daniel O'Boyle
Penn National Gaming (PNG) has reported revenue of $1.51bn (£1.1bn/€1.3bn) for its third quarter 2021 results ended September 30, though profit declined due to non-operating expenses.

This revenue total was up 33.8% compared to the third quarter of 2020.

Most of the revenue came from PNG’s Northeastern properties, which recorded $672.4m this quarter, up 23.3%. Its Southern properties recorded the second highest revenue at $318.2m, which was a rise of 24.4% year-on-year. The Midwestern properties brought in $285.7m, up 25.5%. Properties in the West generated $145.7m. Revenue raised from other segments – including digital – came in at $96.5m.

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