PENN NATIONAL REPORTS RECORD 3RD QUARTER

October 25, 2001 11:53 PM
by

share

Penn National reported third quarter revenues rose 67.3% to $145 million, compared to $86.9 million in the third quarter of 2000.

Third quarter earnings (EBITDA) rose 70.1% to $32.2 million, while earnings per diluted share rose 45% to $.48.

Contributing to the gains were the inclusion of operations at Casino Rouge and Casino Rama; better than expected results from four management contracts; and a 40% increase in results at Charles Town Races.