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Penn National Gaming Inc. Message Board

  • dundarra dundarra Nov 1, 2000 8:43 PM Flag

    earnings

    This is whats bothering me about earnings of
    .39:

    Penn states in its earnings release: "Charles Town as
    well as Penn National, Pocono and their OTWs generated
    quarterly sequential increases in EBITDA over the strong
    second quarter levels."

    Throw in about 4 million
    EBITDA from Mississippi and we should have been
    substantially over 2nd quarter's .40.

    Obviously, ITDA
    was substantially higher in 3rd quarter.

    Was
    Mississippi a net negative? Maybe interest on loans to buy is
    higher than EBITDA?

    Does anyone know? How can we
    find out? I think the information released so far by
    Penn is very sketchy.

 
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