Penn National Gaming reported third-quarter earnings that fell short of analysts’ expectations.
The operator of casinos and racetracks posted third-quarter earnings of 52 cents a share, compared 93 cents a share a year ago. Analysts polled by FactSet expected 85 cents.
Revenue rose +33.8% from the year-ago quarter to $1.51 billion, in line with the FactSet consensus.
Allegations surfaced against Dave Portnoy, founder of the Barstool Sports sports-media company, that he was aggressive with women. Portnoy responded to the article on Twitter where he denied many of the allegations, calling them “jarring.” Penn National owns a significant equity stake in Barstool.