PENN
Penn National Gaming, Inc.NASDAQ
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  • Fri, Nov. 18, 11:08 AM
    | Fri, Nov. 18, 11:08 AM | 3 Comments
  • Wed, Aug. 3, 7:15 AM
    • Penn National Gaming (NASDAQ:PENN) announces today that it acquired social games maker Rocket Games for approximately $60M. Rocket’s library of over 50 social casino games feature hits such as Viva Slots Las Vegas, Downtown Deluxe Slots, Triple Double Slots and Vegas Jackpot Casino, along with popular licensed titles such as Popeye Classic Slots.
    • The deal includes some potential earn-out payments for certain members of the Rocket Games management team.
    • The transaction is expected to be immediately accretive to Penn National’s operating results.
    • Rocket generated approximately $5.6M of operating EBITDA during the six month period ended June 30, 2016.
    • Source: Press Release
    | Wed, Aug. 3, 7:15 AM