secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0000921738-21-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penn National Q3 revenues $1.5B, net income $86.1M; acquires theScore for $1.9B
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- Q3 revenues $1.51B (+382M YoY), net income $86.1M (down from $141.2M YoY).
- Adjusted EBITDA $364.3M (+20.7M YoY); Adjusted EBITDAR $480.3M (+27.7M YoY).
- Closed acquisition of Score Media and Gaming on Oct 19 for ~$1.9B ($923M cash).
- Launched Barstool Sportsbook in 5 states; opened Hollywood Casino York.
- Hurricane Ida and Delta variant reduced Q3 property EBITDAR by ~$30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173821000054/0000921738-21-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173821000054/penn-20211104.htm
  HTML page:      https://secwatch.observer/filing/0000921738-21-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer