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Penn National Gaming's Revenue Soars to Record $296.9 Million.
Byline: Tom Dochat
Feb. 4--Penn National Gaming Inc. Tuesday reported fourth-quarter 2003 net income of $9.2 million, or 23 cents a share, on record revenues of $296.9 million.
Net income would have been $13.2 million, or 33 cents a share, without the company's Shreveport, La., casino that was acquired last year as part of Penn National's March purchase of Hollywood Casino Corp. Yesterday, the managing general partner of the Shreveport casino/hotel said it would seek to sell the property.
Peter M. Carlino, Penn National's chairman and CEO, said casino properties the company has owned for more than a year all posted earnings improvements from the …
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