Penn National reports increase in 1Q earnings

April 28, 2016 at 10:18a.m.

AUSTINTOWN — Penn National Gaming Inc., the company that operates Hollywood Gaming at Mahoning Valley Race Course in the township, reported a 15.5 percent year-over-year increase for the first quarter.

Adjusted earnings for the gaming company was $212.9 million, up from $184.4 million reported in the first quarter of 2015.

Timothy J. Wilmott, president and CEO of Penn national said the year-over-year increase in 2016 first quarter adjusted earnings exceeded the company’s expectations because of “continued progress in driving operating efficiencies and margins combined with meaningful contributions from our expansion initiatives over the last year, including Plainridge Park Casino, Tropicana Las Vegas and Prairie State Gaming.”

Wyomissing,Pa.-based Penn National Gaming, operates 27 facilities in 17 jurisdictions in the U.S. and Canada.

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