<SEC-DOCUMENT>0000921738-21-000016.txt : 20210506
<SEC-HEADER>0000921738-21-000016.hdr.sgml : 20210506
<ACCEPTANCE-DATETIME>20210506161701
ACCESSION NUMBER:		0000921738-21-000016
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20210506
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210506
DATE AS OF CHANGE:		20210506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENN NATIONAL GAMING INC
		CENTRAL INDEX KEY:			0000921738
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				232234473
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24206
		FILM NUMBER:		21898018

	BUSINESS ADDRESS:	
		STREET 1:		825 BERKSHIRE BLVD STE 200
		STREET 2:		WYOMISSING PROFESSIONAL CENTER
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610
		BUSINESS PHONE:		6103732400

	MAIL ADDRESS:	
		STREET 1:		825 BERKSHIRE BLVD
		STREET 2:		SUITE 200
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>penn-20210506.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2021 Workiva--><!--r:183ab4a4-6df8-4e0f-9a97-7cbc1e7016ef,g:7eb04129-3ee5-440a-ab03-d9fff0573658,d:67a3b890dca94240a88d0393a52e059c--><html xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns="http://www.w3.org/1999/xhtml" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>penn-20210506</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y180L2ZyYWc6NGY1MWEyMmE3ODE4NGEzZjgxNGRiMTIwODllNzNlYzAvdGFibGU6Y2RlMzlhOTdhNTgxNGNlN2IyZTQyMzY3NjhlNGNmMTIvdGFibGVyYW5nZTpjZGUzOWE5N2E1ODE0Y2U3YjJlNDIzNjc2OGU0Y2YxMl8yLTEtMS0xLTA_da7d6e03-c02d-44af-a2d7-16f3d07b2dac">0000921738</ix:nonNumeric><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y180L2ZyYWc6NGY1MWEyMmE3ODE4NGEzZjgxNGRiMTIwODllNzNlYzAvdGFibGU6Y2RlMzlhOTdhNTgxNGNlN2IyZTQyMzY3NjhlNGNmMTIvdGFibGVyYW5nZTpjZGUzOWE5N2E1ODE0Y2U3YjJlNDIzNjc2OGU0Y2YxMl8zLTEtMS0xLTA_330e9c51-d9c3-4eea-ba98-a9f55b518919">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="penn-20210506.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000921738</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-05-06</xbrli:startDate><xbrli:endDate>2021-05-06</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i67a3b890dca94240a88d0393a52e059c_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, DC 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________&#160;</span></div><div style="margin-top:10pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI4_60a9e357-a6d3-41cc-ac9f-fd99c494b107">8-K</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> ______________________</span></div><div style="padding-left:216pt;padding-right:216pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PURSUANT TO SECTION&#160;13 OR 15(d) OF</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">THE SECURITIES EXCHANGE ACT OF 1934 </span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported):</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> <ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8yNzU_09dfd38f-1b27-4aa6-be60-661d694f1e68">May&#160;6, 2021</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________</span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:22pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI5_1a81e65b-dc0f-4dec-936f-13e8faf22dc3">PENN NATIONAL GAMING, INC.</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact Name of Registrant as Specified in its Charter)</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:33.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.419%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.360%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.419%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.652%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6MzZmZDU5ZGUzZGNmNGZlNzg2ODMyNzJmYjY5MGMwYWMvdGFibGVyYW5nZTozNmZkNTlkZTNkY2Y0ZmU3ODY4MzI3MmZiNjkwYzBhY18wLTAtMS0xLTA_f318db77-4e5f-450d-851c-26f3a7e4df31">Pennsylvania</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6MzZmZDU5ZGUzZGNmNGZlNzg2ODMyNzJmYjY5MGMwYWMvdGFibGVyYW5nZTozNmZkNTlkZTNkY2Y0ZmU3ODY4MzI3MmZiNjkwYzBhY18wLTItMS0xLTA_0bec7327-b7fd-4d1b-a6ef-ec7fd256eda6">0-24206</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6MzZmZDU5ZGUzZGNmNGZlNzg2ODMyNzJmYjY5MGMwYWMvdGFibGVyYW5nZTozNmZkNTlkZTNkY2Y0ZmU3ODY4MzI3MmZiNjkwYzBhY18wLTQtMS0xLTA_08acd486-d857-4c46-ac62-64750ee5696e">23-2234473</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(State or Other Jurisdiction of Incorporation)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Commission File Number)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(I.R.S. Employer Identification No.)</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMz_8abf2a30-4409-49fc-9b56-be740211f154">825 Berkshire Blvd., Suite 200</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMw_df31cf1b-24d5-472e-b6e8-fb60433dcd44">Wyomissing</ix:nonNumeric>, <ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODM0_21c416b3-1c04-4aec-8928-8cee06209fe8">PA</ix:nonNumeric> <ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODIz_dda83904-ba39-481f-9c66-31530a15b184">19610</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Address of Principal Executive Offices, and Zip Code)</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI0_25eb10e9-53e7-432b-99ad-4c848d216a93">610</ix:nonNumeric>-<ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI1_926c8610-0715-4a2a-9d05-6933a48e20fa">373-2400</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Registrant's Telephone Number, Including Area Code</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">N/A</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Former name, former address and former fiscal year, if changed since last report)</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </span></div><div style="margin-top:9pt;padding-left:24.75pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI2_242ee17f-25f8-460a-91ed-3dfcdfda8858">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </span></div><div style="margin-top:9pt;padding-left:24.75pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODM1_8215cf60-f16c-4a81-aa5f-d6632cd20a7e">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </span></div><div style="margin-top:9pt;padding-left:24.75pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI3_59e5e729-e43f-45df-bc5e-df70c133167b">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </span></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:24.75pt;text-indent:-22.5pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMx_0a72216b-e28e-48bb-886c-ef7e5be6cc94">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-bottom:9pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:38.724%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.725%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6OWVlMTE3ZDhlMTUzNDM3MWE2ZjQ0YjU0MTNhYTFiZDgvdGFibGVyYW5nZTo5ZWUxMTdkOGUxNTM0MzcxYTZmNDRiNTQxM2FhMWJkOF8xLTAtMS0xLTA_50eb8464-c7ec-4905-933d-a65704071d39">Common Stock, $0.01 par value per share</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6OWVlMTE3ZDhlMTUzNDM3MWE2ZjQ0YjU0MTNhYTFiZDgvdGFibGVyYW5nZTo5ZWUxMTdkOGUxNTM0MzcxYTZmNDRiNTQxM2FhMWJkOF8xLTEtMS0xLTA_7d6739fd-2115-4b52-b9ad-7fefdadd479b">PENN</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6OWVlMTE3ZDhlMTUzNDM3MWE2ZjQ0YjU0MTNhYTFiZDgvdGFibGVyYW5nZTo5ZWUxMTdkOGUxNTM0MzcxYTZmNDRiNTQxM2FhMWJkOF8xLTItMS0xLTA_c5edd039-22d5-470a-a91d-fdc4a4b7b788">The Nasdaq Stock Market LLC</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:4pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).</span></div><div style="padding-left:24.75pt;text-indent:-22.5pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Emerging growth company </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMy_d32e0def-0635-44bc-a354-45297a949752">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i67a3b890dca94240a88d0393a52e059c_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item&#160;2.02  Results of Operations and Financial Condition.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May&#160;6, 2021, Penn National Gaming, Inc., issued a press release announcing the results of operations and financial condition for the three months and year ended March 31, 2021. A copy of this press release is being furnished as Exhibit 99.1 to this Form 8-K.</span></div><div style="text-indent:18pt"><span><br/></span></div><div id="i67a3b890dca94240a88d0393a52e059c_10"></div><div style="-sec-extract:summary"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01  Financial Statements and Exhibits. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d) Exhibits.</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:6.084%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:90.983%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit<br/>Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991-q12021.htm">Press release dated May 06, 2021 of Penn National Gaming, Inc.</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#212529;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (embedded within the Inline XBRL document).</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><div id="i67a3b890dca94240a88d0393a52e059c_13"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-top:11pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:5.351%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.410%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.168%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 6, 2021</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">PENN NATIONAL GAMING, INC.</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:&#160;&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Elliot D. Hoops</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Elliot D. Hoops</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vice President and Deputy General Counsel </span></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991-q12021.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="i3ec357f4327e4bc6ba46418eecda1e18_1"></div><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 99.1</font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><img alt="pennq42019erdraftimage1a061.jpg" src="pennq42019erdraftimage1a061.jpg" style="height:77px;margin-bottom:5pt;vertical-align:text-bottom;width:337px"></div><div><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:14pt;font-weight:700;line-height:120%">NEWS ANNOUNCEMENT</font></div><div style="margin-bottom:10pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:69.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">CONTACT&#58;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Justin Sebastiano</font></td><td colspan="3" style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Joseph N. Jaffoni, Richard Land</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Senior VP, Finance &#38; Treasurer</font></div></td><td colspan="3" style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">JCIR</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">610-373-2400</font></div></td><td colspan="3" style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">212-835-8500 or penn&#64;jcir.com</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FOR IMMEDIATE RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Penn National Gaming Reports First Quarter Revenues of $1.27 Billion,</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Net Income of $90.9 Million, Adjusted EBITDAR of $447.0 Million, and Adjusted EBITDA of $336.6 Million</font></div><div><font><br></font></div><div style="text-align:center"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">- PENN Generated First Quarter Net Income Margin of 7% and Re</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">cord First Quarter Adjusted EBITDAR Margin of 35%, Benefiting from Strong Demand at Land-Based Casinos and More Efficient Cost Structure -</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">- Focus Remains on Driving Profitable Online Gaming Revenue with Q1 Launches in Michigan and Illinois -</font></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">WYOMISSING, PA (May&#160;6, 2021) - Penn National Gaming, Inc. (NASDAQ&#58; PENN) (&#8220;Penn National&#8221; or the &#8220;Company&#8221;) today reported financial results for the three months ended March 31, 2021.</font></div><div style="text-align:justify"><font><br></font></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_7"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Jay Snowden, President and Chief Executive Officer, commented&#58; &#8220;Penn National kicked off the year with record results in Q1 2021 from our land-based business and the launch of our online Barstool Sportsbook in Michigan and Illinois. In addition, we fully integrated our my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> player loyalty program across all our retail and digital offerings, which bolsters Penn National&#8217;s ecosystem and further expands our competitive advantage. Equally exciting was our inclusion in the S&#38;P 500 in March, which underscores the investment community&#8217;s confidence in our digital transformation and our position as the nation&#8217;s largest regional gaming operator. This milestone is a testament to the hard work, determination and commitment of all our team members at the property and corporate levels as well as our valued partners at Barstool Sports.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;Last month we filed our proxy statement which included an in-depth ESG report on our ongoing efforts to care for our people, our communities and our planet. Highlights include the launch of a new Diversity Scholarship program in March, which reflects our commitment to equity in post-secondary education opportunities for the children of our team members. With an annual commitment of $1 million, we plan to extend up to 65 scholarships this year. In addition, we implemented a supplier diversity initiative with the goal of developing new opportunities for minority-owned businesses. Last month, we hosted companywide &#8216;Days of Listening&#8217; to gather feedback from team members on all matters of diversity and inclusion. Finally, on May 15, we will launch a new initiative to honor our active-duty military, veterans and first responders.  The &#8216;my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">heroes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8217; program is an exclusive, fully integrated extension of Penn National&#8217;s industry leading my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> rewards loyalty program, which will provide our nation&#8217;s heroes access to exclusive discounts and offers at Penn National&#8217;s 41 properties in 19 states.&#8221;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For further information, we have posted a presentation to our website regarding the first quarter highlights and accomplishments, which can be found </font><font style="color:#0e32e1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">here</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Core Business Firing on All Cylinders</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the first quarter ended March 31, 2021, Penn National generated revenues of $1,274.9 million and Adjusted EBITDAR of $447.0 million. Revenues declined 6% compared to Q1 2019 pro forma results while Adjusted EBITDAR was up 7% and Adjusted EBITDAR margins increased 434 basis points based on the pro forma comparison. The strong results were driven by contributions from the online Barstool Sportsbook and our iCasino platforms, and land-based gaming properties despite COVID-19 related closures in Pennsylvania and Illinois for parts of January, and Zia Park in New Mexico not reopening until early March. Further, when adjusting for the days our casinos were mandated to close and excluding the contribution from Penn Interactive, revenues declined 9% and Adjusted EBITDAR increased 12%, which equates to margin improvement of more than 700 basis points compared to pro forma Q1 2019.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mr. Snowden continued&#58; &#8220;Despite COVID-related restrictions and closures in January and harsh winter weather in the South segment in February, visitation and length of play continue to improve across all age segments of our player database. Moreover, we saw volumes in the month of March that we have not seen since 2019. Recall, when we reopened our properties in the summer of 2020, we saw very high spend-per-visit, but visitation was well below pre-COVID levels. Today, we&#8217;re still seeing spend-per-visit that is much higher than it was pre-COVID, and visitation is at or near 2019 levels in most of our markets, which is a great combination. Importantly, the younger demographic continues to choose gaming as a viable entertainment option while the 55+ age group has been returning to our casinos as vaccines continue to roll out. Unrated play continues to show strength that mirrors what we have seen from our rated guests. This top-line demand coupled with the structural changes we put in place at the start of the pandemic has resulted in remarkable and sustainable margin improvement. Meanwhile, the South segment outperformed with margin improvement of greater than 1,100 basis points compared to the same period in 2019 given the less restrictive COVID protocols in the region, the removal of loss-leading or lower margin amenities, more efficient labor management and a very rational marketing and promotional environment. The Midwest also reported impressive margin gains of nearly 900 basis points despite an uneven playing field related to COVID restrictions in certain key markets.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;At quarter end, our cash balance stood at $2.1 billion, traditional net debt was approximately $353 million and lease-adjusted net leverage was 4.5x based on 2019 Adjusted EBITDAR.&#8221;</font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Continued Expansion of our Sportsbook Footprint and Media Strategy</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mr. Snowden continued, &#8220;We remain focused on garnering top-three gaming revenue market share for the Barstool Sportsbook and driving best in class profitability.  Since launching our product just over seven months ago, we have registered more than 400,000 customers and generated over $660 million and $61 million in handle and gaming revenue, respectively. We plan for the online Barstool Sportsbook to be live in eight states by football season and in at least 10 states before the end of the year.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;As previously disclosed, on March 11, we successfully launched the Barstool Sportsbook in Illinois, ahead of the 2021 NCAA Basketball Tournament. The initial results for the first 30 days of operations exceeded our expectations, with better first-time deposit conversions relative to what we had generated in Pennsylvania or Michigan. During this period, we registered over 54,700 new customers and generated total handle and gaming revenue of $67.7 million and $6.5 million, respectively. We also experienced high engagement, with 54% of our Illinois customers wagering on Barstool-exclusive bets.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;Our ability to deliver unique and engaging content through Barstool Sports sets us apart from our peers. Barstool&#8217;s social media reach, creative promotions, custom parlays, and exclusive bets have been key drivers of customer acquisition for the online sportsbook and have led to enhanced engagement and retention, particularly among more casual bettors. In addition, Barstool&#8217;s promotion of Penn National&#8217;s retail sportsbooks has driven significant awareness and visitation to our land-based properties, highlighting the unique benefits of our fully integrated media and omnichannel strategy. Overall, we have seen very strong results at our properties that have opened Barstool-branded retail sportsbooks, and we plan to open&#47;rebrand six more retail sportsbooks by the end of 2021. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;The power of our my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> customer base combined with the fierce loyalty of Barstool&#8217;s audience allows us to successfully cross-sell our online offerings. In Michigan, for instance, despite limited game selection, over 50% of our online sports betting MUPs placed a wager on our iCasino product during the month of March, which was above our initial expectations. We are excited to translate this success to our Barstool iCasino in Pennsylvania, which launched yesterday and will provide another great option combined with our HollywoodCasino.com offering in the state, which has resonated well with our my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> players. We expect to add significantly more third-party content to our Barstool-branded iCasino product later this year. Further, our recently announced acquisition of HitPoint Studios will be the centerpiece of our newly formed Penn Game </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Studios allowing us to create customized Barstool-themed and casino branded content that we believe will lead to even greater cross-sell opportunities. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;Barstool Sports, the media company, has maintained its incredible momentum from 2020 into the new year, with strong financial performance and audience growth. Today, Barstool&#8217;s sports, entertainment and lifestyle content drives a loyal base of 21 to 40-year old customers to our sportsbook. As Barstool continues to broaden its reach with relevant influencers and other media and sports personalities, we have seen this audience expand. Further, the continued growth and diversification of the brand&#8217;s advertising, licensing and merchandise revenue streams has enhanced the value of the media asset, which we believe is currently underappreciated.</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Executing on Our Growth Initiatives </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;We are continuing to execute on our exciting growth opportunities, which will drive prospective revenue and EBITDAR growth. We view investments in technology as imperative to enhancing the customer experience, delivering unique content, and gaining mindshare. Our my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> mobile app, which we launched last quarter, has had over 333,000 downloads with approximately 115,000 monthly active users. Our app allows us to engage with our guests more effectively, provide targeted promotions, and drive revenue growth. Similarly, we believe the implementation of our cashless, cardless, and contactless (&#8220;3Cs&#8221;) technology will resonate well with our guests, especially the younger demographic. We have seen continued momentum in my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> app downloads in all our markets across all age groups. Ultimately, these technology investments will further increase our communication effectiveness with our guests. In addition, this will improve our efficiencies and benefit revenue flow-through as expenses are further reduced. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;We will be launching the 3Cs experience throughout the remainder of 2021 at our four casinos in Pennsylvania with the first launch near the end of Q2 2021, pending regulatory approval. Included in the list of our four Pennsylvania casinos is Hollywood Casino York, set to open in August and Hollywood Casino Morgantown, which we expect to open later this year. In Maryland, we remain on track to close the Hollywood Casino Perryville acquisition in early Q3 2021, which will provide us market access to our 20th state. Each of these properties will feature a Barstool Sportsbook, which combined with our my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> player affinity program, highlights our expanding omni-channel presence. </font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Serving as a Disruptor to the Gaming Industry in 2021 and Beyond </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8220;With a very strong start to 2021, our goal is to continue to disrupt the gaming industry and position Penn National for ongoing growth through unconventional and fresh approaches. The broader acceptance of sports betting and the greater consumer adoption of technology, which was accelerated by the ongoing pandemic, have been some of the key drivers behind our strategic initiatives. Looking ahead, I am confident that Penn National will look significantly different in the next three to five years than it does today as we remain committed to breaking from the conventional wisdom in terms of how we operate and engage our customers. However, what will not change is our long-term focus on profitable growth and our dedication to creating shareholder value by maintaining a long-term view. I remain excited for the future at Penn National Gaming.&#8221;    </font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_10"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Summary of First Quarter Results</font></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended March 31,</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, except per share data, unaudited)</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,274.9&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,116.1&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,282.6&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income (loss)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(608.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">306.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rent expense associated with triple net operating leases </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110.4&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97.5&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDAR </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">447.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252.3&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">391.4&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payments to our REIT Landlords under Triple Net Leases </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">226.0&#160;</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223.8&#160;</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">207.9&#160;</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted earnings (loss) per common share</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.55&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.26)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.35&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">See the &#8220;Non-GAAP Financial Measures&#8221; section below for more information as well as the definitions of Adjusted EBITDA and Adjusted EBITDAR. Additionally, see below for reconciliations of these Non-GAAP financial measures to their GAAP equivalent financial measure.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Consists of the operating lease components contained within the Penn Master Lease and the Pinnacle Master Lease (referred to collectively as our &#8220;Master Leases&#8221;) (primarily land), the Meadows Lease, the Margaritaville Lease, the Greektown Lease beginning on May 23, 2019, and the Tropicana Lease beginning on April 16, 2020 (referred to collectively as our &#8220;triple net operating leases&#8221;). During the three months ended March 31, 2021, we recorded noncash rent expense associated with the Tropicana Lease of $7.7 million. The finance lease components contained within our Master Leases (primarily buildings) are recorded to interest expense (as opposed to rent expense) in accordance with Accounting Standards Codification Topic 842, &#8220;Leases.&#8221;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%;padding-left:8.68pt">Consists of payments made to Gaming and Leisure Properties, Inc. (NASDAQ&#58; GLPI) and VICI Properties Inc. (NYSE&#58; VICI) (referred to collectively as our &#8220;REIT Landlords&#8221;) under the Master Leases, the Meadows Lease, the Margaritaville Lease, the Greektown Lease and the Morgantown Lease. Although we collectively refer to the Master Leases, the Meadows Lease, the Margaritaville Lease, the Greektown Lease, the Morgantown Lease and the Tropicana Lease as our &#8220;Triple Net Leases,&#8221; the rent under the Tropicana Lease is nominal. </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_19"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PENN NATIONAL GAMING, INC. AND SUBSIDIARIES</font></div><div style="margin-bottom:10pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Segment Information</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company aggregates its properties into four reportable segments&#58; Northeast, South, West and Midwest.</font></div><div style="margin-bottom:11pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, unaudited)</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues&#58;</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Northeast segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">570.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">520.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">550.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">South segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">295.9&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223.3&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">292.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">West segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">126.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">158.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Midwest segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271.2&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(5)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intersegment eliminations </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(6)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11.1)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.9)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total revenues</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,274.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,116.1&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,282.6&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDAR&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Northeast segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">193.2&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124.5&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">South segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">West segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35.2&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49.9&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Midwest segment </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(5)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21.3)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18.9)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(20.3)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Adjusted EBITDAR </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(7)</font></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">447.0&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252.3&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">391.4&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The Northeast segment consists of the following properties&#58; Ameristar East Chicago, Greektown Casino-Hotel (acquired May 23, 2019), Hollywood Casino Bangor, Hollywood Casino at Charles Town Races, Hollywood Casino Columbus, Hollywood Casino Lawrenceburg, Hollywood Casino at Penn National Race Course, Hollywood Casino Toledo, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Marquee by Penn, Meadows Racetrack and Casino, and Plainridge Park Casino. </font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The South segment consists of the following properties&#58; 1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">st</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Jackpot Casino, Ameristar Vicksburg, Boomtown Biloxi, Boomtown Bossier City, Boomtown New Orleans, Hollywood Casino Gulf Coast, Hollywood Casino Tunica, L&#8217;Auberge Baton Rouge, L&#8217;Auberge Lake Charles, and Margaritaville Resort Casino. Prior to its closure on June 30, 2019, Resorts Casino Tunica was also included in the South segment.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The West segment consists of the following properties&#58; Ameristar Black Hawk, Cactus Petes and Horseshu, M Resort, Tropicana Las Vegas, and Zia Park Casino.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The Midwest segment consists of the following properties&#58; Ameristar Council Bluffs&#59; Argosy Casino Alton&#59; Argosy Casino Riverside&#59; Hollywood Casino Aurora&#59; Hollywood Casino Joliet&#59; our 50% investment in Kansas Entertainment, which owns Hollywood Casino at Kansas Speedway&#59; Hollywood Casino St.&#160;Louis&#59; Prairie State Gaming&#59; and River City Casino. </font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%">(5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%;padding-left:8.68pt">The Other category consists of the Company&#8217;s stand-alone racing operations, namely Sanford-Orlando Kennel Club and the Company&#8217;s joint venture interests in Sam Houston Race Park, Valley Race Park, and Freehold Raceway&#59; our management contract for Retama Park Racetrack and our live and televised poker tournament series that operates under the trade name, Heartland Poker Tour (&#34;HPT&#34;). The Other category also includes Penn Interactive, which operates our social gaming, internally-branded retail sportsbooks, iGaming and our Barstool Sports online sports betting app. Expenses incurred for corporate and shared services activities that are directly attributable to a property or are otherwise incurred to support a property are allocated to each property. The Other category also includes corporate overhead costs, which consist of certain expenses, such as&#58; payroll, professional fees, travel expenses and other general and administrative expenses that do not directly relate to or have not otherwise been allocated to a property.</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%"> For the three ended March 31, 2021, 2020 and 2019 corporate overhead costs wer</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:115%">e $24.0 million, $24.2 million and $23.1 million, respectively. In addition, Adjusted EBITDAR of the Other category includes our proportionate share of the net income or loss of Barstool Sports after adding back our share of non-operating items (such as interest expense, net&#59; income taxes&#59; depreciation and amortization&#59; and stock-based compensation expense).</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(6)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Primarily represents the elimination of intersegment revenues associated with our internally-branded retail sportsbooks, which are operated by Penn Interactive.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(7)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">As noted within the &#8220;Non-GAAP Financial Measures&#8221; section below, Adjusted EBITDAR is presented on a consolidated basis outside the financial statements solely as a valuation metric or for reconciliation purposes.</font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_1099511628221"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PENN NATIONAL GAMING, INC. AND SUBSIDIARIES</font></div><div style="margin-bottom:10pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Supplemental Information </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Given the COVID-19 pandemic and the resulting temporary closure of all of the Company&#8217;s gaming and racing properties in the first quarter ended March&#160;31, 2020, the Company believes presenting information regarding the Company&#8217;s financial results for the quarterly period ended March&#160;31, 2019 is useful to investors to evaluate the Company&#8217;s performance for the quarterly period ended March 31, 2021.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although the Company did not own Greektown for the quarterly period ended March&#160;31, 2019, the Company believes the following supplemental information is useful to investors to assess the value this transaction brings to the Company and its shareholders. Revenues and Adjusted EBITDAR earned by Greektown for the three months ended  March&#160;31, 2019 were $83.7 million and $26.7 million, respectively. The operating results of Greektown were derived from historical financial information. Greektown operating results were adjusted to conform to the Company&#8217;s methodology of allocating certain corporate expenses to properties. Revenues and Adjusted EBITDAR earned by Greektown do not reflect any cost savings or revenue synergies from potential operating efficiencies or associated costs to achieve such savings or synergies that are expected to result from the transaction.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company ceased operations of Resorts Casino Tunica on June 30, 2019.  Revenues and Adjusted EBITDAR earned by Resorts Casino Tunica for the three months ended March 31, 2019 were $5.8 million and $0.2 million, respectively.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_25"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PENN NATIONAL GAMING, INC. AND SUBSIDIARIES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Reconciliation of Comparable GAAP Financial Measure to Adjusted EBITDA,</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Adjusted EBITDAR, and Adjusted EBITDAR Margin</font></div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, unaudited)</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income (loss)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90.9&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(608.6)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.0&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense (benefit)</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(99.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income from unconsolidated affiliates</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9.6)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.1)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.7)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">135.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other (income) expense</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21.1)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating income (loss)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(560.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">182.4&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.2&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.4&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash-settled stock-based awards variance</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.9)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Gain) loss on disposal of assets</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.5&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent purchase price</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.2)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-opening and acquisition costs</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.4&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Impairment losses</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">616.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Insurance recoveries, net of deductible charges</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income from unconsolidated affiliates</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-operating items of equity method investments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (2)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDA</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">336.6&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154.8&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">306.7&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rent expense associated with triple net operating leases</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110.4&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97.5&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDAR</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">447.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252.3&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">391.4&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss) margin</font></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.1&#160;</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(54.5)</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2&#160;</font></td><td style="background-color:#cceeff;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted EBITDAR margin</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.6&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)&#160;&#160;&#160;&#160;Consists principally of interest expense, net&#59; income taxes&#59; depreciation and amortization&#59; and stock-based compensation expense associated with Barstool Sports and our Kansas Entertainment joint venture. We record our portion of Barstool Sports&#8217; net income or loss, including adjustments to arrive at Adjusted EBITDAR, one quarter in arrears.</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)&#160;&#160;&#160;&#160;Consists of non-recurring restructuring charges (primarily severance) associated with a company-wide initiative, triggered by the COVID-19 pandemic, designed to (i) improve the operational effectiveness across our property portfolio&#59; and (ii) improve the effectiveness and efficiency of our Corporate functional support areas.</font></div><div style="padding-left:36pt;text-indent:-18pt"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_31"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PENN NATIONAL GAMING, INC. AND SUBSIDIARIES</font></div><div style="margin-bottom:10pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Consolidated Statements of Operations and Comprehensive Income (Loss)</font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, except per share data, unaudited)</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gaming</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,082.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">902.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,034.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Food, beverage, hotel and other</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">192.9&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">213.2&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total revenues</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,274.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,116.1&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,282.6&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating expenses</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gaming</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">527.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">500.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">547.4&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Food, beverage, hotel and other</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">123.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">326.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">307.0&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">286.9&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81.3&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Impairment losses</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">616.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total operating expenses</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,058.4&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,676.7&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,100.2&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating income (loss)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(560.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">182.4&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other income (expenses)</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense, net</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(135.7)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(129.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(132.3)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income from unconsolidated affiliates</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.1&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total other expenses</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(105.0)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(147.5)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(126.6)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income (loss) before income taxes</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">111.5&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(708.1)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55.8&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax benefit (expense)</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(20.6)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.5&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14.8)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income (loss)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90.9&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(608.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less&#58; Net (income) loss attributable to non-controlling interest</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net income (loss) attributable to Penn National</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(608.6)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.0&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings (loss) per share&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Basic earnings (loss) per share</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.58&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.26)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.35&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Diluted earnings (loss) per share</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.55&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5.26)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.35&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average common shares outstanding - basic</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">115.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116.3&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted-average common shares outstanding - diluted</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">115.7&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_34"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-top:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Selected Financial Information</font></div><div style="margin-top:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet Data</font></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.560%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.206%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, unaudited)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31, 2021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,062.2&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,853.8&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bank debt</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,612.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,628.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Notes </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">730.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">730.5&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other long-term obligations </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">72.3&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total traditional debt </font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,414.8&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,431.6&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Financing obligation </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less&#58; Debt discounts and debt issuance costs</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(113.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(119.0)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,375.3&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,312.6&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Traditional net debt </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(4)</font></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">352.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">577.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Inclusive of our 5.625% Notes due 2027 and our 2.75% Convertible Notes due 2026.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Other long-term obligations as of March 31, 2021 primarily includes $60.9 million related to relocation fees due for both Hollywood Gaming at Dayton Raceway and Hollywood Gaming at Mahoning Valley Race Course, and $11.4 million related to our repayment obligation on a hotel and event center located near Hollywood Casino Lawrenceburg.</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Represents cash proceeds received on certain claims of which the principal repayment is contingent and classified as a financing obligation under Accounting Standards Codification Topic 470, &#8220;Debt.&#8221;</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Traditional net debt in the table above is calculated as &#8220;Total traditional debt,&#8221; which is the principal amount of debt outstanding (excludes the financing obligation associated with cash proceeds received on certain claims of which the principal repayment is contingent) less &#8220;Cash and cash equivalents.&#8221;</font></div><div style="margin-bottom:10pt"><font><br></font></div><div style="margin-bottom:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Kansas Entertainment Distributions</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s definitions of Adjusted EBITDA and Adjusted EBITDAR add back our share of the impact of non-operating items (such as depreciation and amortization) at our Kansas Entertainment joint venture. Kansas Entertainment does not currently have, nor has it ever had, any indebtedness. The table below presents cash flow distributions we have received from our Kansas Entertainment investment.</font></div><div style="margin-bottom:10pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, unaudited)</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash flow distributions</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.5&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.7&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.5&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:10pt"><font><br></font></div><div style="margin-bottom:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cash Flow Data</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes certain cash expenditures incurred by the Company.</font></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:60.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.184%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%;text-decoration:underline">(in millions, unaudited)</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash payments to our REIT Landlords under Triple Net Leases </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">226.0&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">223.8&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">207.9&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash refunds related to income taxes, net</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8.8)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.1)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.7)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash paid for interest on traditional debt</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33.8&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38.5&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Maintenance capital expenditures</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.8&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29.7&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36.2&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Consists of payments made under the Master Leases, the Meadows Lease, the Margaritaville Lease, the Greektown Lease, and the Morgantown Leases, in cash. As previously noted, the cash rent under the Tropicana Lease is nominal. </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</font></div></div></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_40"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:10pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Non-GAAP Financial Measures</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Non-GAAP Financial Measures used in this press release include Adjusted EBITDA, Adjusted EBITDAR, and Adjusted EBITDAR margin. These non-GAAP financial measures should not be considered a substitute for, nor superior to, financial results and measures determined or calculated in accordance with GAAP.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We define Adjusted EBITDA as earnings before interest expense, net&#59; income taxes&#59; depreciation and amortization&#59; stock-based compensation&#59; debt extinguishment and financing charges&#59; impairment losses&#59; insurance recoveries, net of deductible charges&#59; changes in the estimated fair value of our contingent purchase price obligations&#59; gain or loss on disposal of assets&#59; the difference between budget and actual expense for cash-settled stock-based awards&#59; pre-opening and acquisition costs&#59; and other income or expenses. Adjusted EBITDA is inclusive of income or loss from unconsolidated affiliates, with our share of non-operating items (such as interest expense, net&#59; income taxes&#59; depreciation and amortization&#59; and stock-based compensation expense) added back for Barstool Sports and our Kansas Entertainment joint venture. Adjusted EBITDA is inclusive of rent expense associated with our triple net operating leases (the operating lease components contained within the Penn Master Lease and Pinnacle Master Lease (primarily land), the Meadows Lease, the Margaritaville Lease, the Greektown Lease and the Tropicana Lease). Although Adjusted EBITDA includes rent expense associated with our triple net operating leases, we believe Adjusted EBITDA is useful as a supplemental measure in evaluating the performance of our consolidated results of operations.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Adjusted EBITDA has economic substance because it is used by management as a performance measure to analyze the performance of our business, and is especially relevant in evaluating large, long-lived casino-hotel projects because it provides a perspective on the current effects of operating decisions separated from the substantial non-operational depreciation charges and financing costs of such projects. We present Adjusted EBITDA because it is used by some investors and creditors as an indicator of the strength and performance of ongoing business operations, including our ability to service debt, and to fund capital expenditures, acquisitions and operations. These calculations are commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare operating performance and value companies within our industry. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their Adjusted EBITDA calculations certain corporate expenses that do not relate to the management of specific casino properties. However, Adjusted EBITDA is not a measure of performance or liquidity calculated in accordance with GAAP. Adjusted EBITDA information is presented as a supplemental disclosure, as management believes that it is a commonly used measure of performance in the gaming industry and that it is considered by many to be a key indicator of the Company&#8217;s operating results. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We define Adjusted EBITDAR as Adjusted EBITDA (as defined above) plus rent expense associated with triple net operating leases (which is a normal, recurring cash operating expense necessary to operate our business). Adjusted EBITDAR is presented on a consolidated basis outside the financial statements solely as a valuation metric. Management believes that Adjusted EBITDAR is an additional metric traditionally used by analysts in valuing gaming companies subject to triple net leases since it eliminates the effects of variability in leasing methods and capital structures. This metric is included as supplemental disclosure because (i) we believe Adjusted EBITDAR is traditionally used by gaming operator analysts and investors to determine the equity value of gaming operators and (ii) Adjusted EBITDAR is one of the metrics used by other financial analysts in valuing our business. We believe Adjusted EBITDAR is useful for equity valuation purposes because (i) its calculation isolates the effects of financing real estate&#59; and (ii) using a multiple of Adjusted EBITDAR to calculate enterprise value allows for an adjustment to the balance sheet to recognize estimated liabilities arising from operating leases related to real estate. However, Adjusted EBITDAR when presented on a consolidated basis is not a financial measure in accordance with GAAP, and should not be viewed as a measure of overall operating performance or considered in isolation or as an alternative to net income because it excludes the rent expense associated with our triple net operating leases and is provided for the limited purposes referenced herein. Adjusted EBITDAR margin is defined as Adjusted EBITDAR on a consolidated basis (as defined above) divided by revenues on a consolidated basis. Adjusted EBITDAR margin is presented on a consolidated basis outside the financial statements solely as a valuation metric.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Each of these non-GAAP financial measures is not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure of comparing performance among different companies. See the table above, which presents reconciliations of these measures to the GAAP equivalent financial measures.</font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_43"></div><div style="margin-bottom:10pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Management Presentation, Conference Call, Webcast and Replay Details</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Penn National is hosting a conference call and simultaneous webcast at 9&#58;00 am ET today, both of which are open to the general public. During the call, management will review an earnings presentation that can be accessed </font><font style="background-color:#ffffff;color:#0e32e1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">here</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The conference call number is 212-231-2932. Please call five minutes in advance to ensure that you are connected prior to the presentation. Questions will be reserved for call-in analysts and investors. Interested parties may also access the live call at </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">www.pngaming.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Please allow 15 minutes to register and download and install any necessary software. A replay of the call can be accessed for thirty days on the Internet at </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">www.pngaming.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This press release, which includes financial information to be discussed by management during the conference call and disclosure and reconciliation of non-GAAP financial measures, is available on the Company&#8217;s web site, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">www.pngaming.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, in the &#8220;Investors&#8221; section (select link for &#8220;Press Releases&#8221;).</font></div><div style="text-align:justify"><font><br></font></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_46"></div><div style="margin-bottom:10pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">About Penn National Gaming</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With the nation's largest and most diversified regional gaming footprint, including 41 properties across 19 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. The Company's properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including Hollywood, Ameristar, and L'Auberge. Our wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company's portfolio, as well as online social casino, bingo, and iCasino products. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool will exclusively promote the Company's land-based and online casinos and sports betting products, including the Barstool Sportsbook mobile app, to its national audience. The Company's omni-channel approach is bolstered by the my</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">choice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> loyalty program, which rewards and recognizes its over 20 million members for their loyalty to both retail and online gaming and sports betting products with the most dynamic set of offerings, experiences, and service levels in the industry.</font></div><div style="text-align:justify"><font><br></font></div><div id="i3ec357f4327e4bc6ba46418eecda1e18_49"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Forward Looking Statements</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This press release contains &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as &#8220;expects,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;projects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;goal,&#8221; &#8220;seeks,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; or &#8220;anticipates&#8221; or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Specifically, forward-looking statements include, but are not limited to, statements regarding&#58; COVID-19&#59; continued demand for the gaming properties that have opened and the possibility that the Company&#8217;s gaming properties may be required to close again in the future due to COVID-19&#59; the impact of COVID-19 on general economic conditions, capital markets, unemployment, and the Company&#8217;s liquidity, operations, supply chain and personnel&#59; the potential benefits and expected timing of the Perryville transaction with Gaming and Leisure Properties, Inc.&#59; the potential benefits and expected timing of the Hitpoint transaction&#59; the Company&#8217;s estimated cash burn and future liquidity, future revenue and Adjusted EBITDAR, including from the Company&#8217;s iGaming business in Pennsylvania and Michigan&#59; the continued success of Barstool Sports in Pennsylvania, Michigan, Illinois and in additional states in the future&#59; the expected benefits and potential challenges of the investment in Barstool Sports, including the anticipated benefits for the Company&#8217;s online and retail sports betting, iCasino and social casino products&#59; the expected financial returns from the transaction with Barstool Sports&#59; the expected launch of the Barstool-branded mobile sports betting product in future states and its future revenue and profit contributions&#59; the Company&#8217;s expectations of future results of operations and financial condition, including margins&#59; the Company&#8217;s expectations for its properties and the potential benefits of the cashless, cardless and contactless (&#8220;3Cs&#8221;) technology&#59; the Company&#8217;s development projects or its iGaming initiatives&#59; the timing, cost and expected impact of planned capital expenditures on the Company&#8217;s results of operations&#59; the Company&#8217;s expectations with regard to the impact of competition&#59; the anticipated opening dates of the Company&#8217;s retail sportsbooks in future states and its proposed Pennsylvania Category 4 casinos in York and Berks counties&#59; the Company&#8217;s expectations with regard to acquisitions, potential divestitures and development opportunities, as well as the integration of and synergies related to any companies the Company have acquired or may acquire&#59; the outcome and financial impact of the litigation in which the Company is or will be periodically involved&#59; the actions of regulatory, legislative, executive or judicial decisions at the federal, state or local level with regard to our business and the impact of any such actions&#59; the Company&#8217;s ability to maintain regulatory approvals for its existing businesses and to receive regulatory approvals for its new business partners&#59; the Company&#8217;s expectations with regard to the impact of competition in online sports betting, iGaming and retail&#47;mobile sportsbooks as well as the potential impact of this business line on the Company&#8217;s existing businesses&#59; the performance of the Company&#8217;s partners in online sports betting, iGaming and retail&#47;mobile sportsbooks, including the risks associated with any new business, the actions of regulatory, legislative, executive or judicial decisions at the federal, state or local level with regard to online sports betting, iGaming and retail&#47;mobile sportsbooks and the impact of any such actions&#59; and the Company&#8217;s expectations regarding economic and consumer conditions. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company&#8217;s future financial results and business.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">limited to&#58; (a) the magnitude and duration of the impact of the COVID-19 pandemic on general economic conditions, capital markets, unemployment, consumer spending and the Company&#8217;s liquidity, financial condition, supply chain, operations and personnel&#59; (b) industry, market, economic, political, regulatory and health conditions&#59; (c) disruptions in operations from data protection breaches, cyberattacks, extreme weather conditions, medical epidemics or pandemics such as the COVID-19 (and reoccurrences), and other natural or man-made disasters or catastrophic events&#59; (d) the Company&#8217;s ability to access additional capital on favorable terms or at all&#59; (e) the Company&#8217;s ability to remain in compliance with the financial covenants of its debt obligations&#59; (f) the consummation of the Perryville transaction with GLPI is subject to various conditions, including third-party agreements and approvals, and accordingly may be delayed or may not occur at all&#59; (g) the consummation of the Hitpoint transaction is subject to various conditions, including shareholder approvals, and may be delayed or may not occur at all&#59; (h) actions to reduce costs and improve efficiencies to mitigate losses as a result of the COVID-19 pandemic that could negatively impact guest loyalty and the Company&#8217;s ability to attract and retain employees&#59; (i) the outcome of any legal proceedings that may be instituted against the Company or its directors, officers or employees&#59; (j) the impact of new or changes in current laws, regulations, rules or other industry standards&#59; (k) the ability of the Company&#8217;s  operating teams to drive revenue and margins&#59; (l) the impact of significant competition from other gaming and entertainment operations (including from Native American casinos, historic racing machines, state sponsored i-lottery products and VGTs in or adjacent to states in which we operate)&#59; (m) the Company&#8217;s ability to obtain timely regulatory approvals required to own, develop and&#47;or operate its properties, or other delays, approvals or impediments to completing its planned acquisitions or projects, construction factors, including delays, and increased costs&#59; (n) the passage of state, federal or local legislation (including referenda) that would expand, restrict, further tax, prevent or negatively impact operations in or adjacent to the jurisdictions in which the Company does or seek to do business (such as a smoking ban at any of its properties or the award of additional gaming licenses proximate to its properties, as recently occurred with legislation in Illinois and Pennsylvania)&#59; (o) the effects of local and national economic, credit, capital market, housing, and energy conditions on the economy in general and on the gaming and lodging industries in particular&#59; (p) the activities of our competitors (commercial and tribal) and the rapid emergence of new competitors (traditional, internet, social, sweepstakes based and VGTs in bars and truck stops)&#59; (q) increases in the effective rate of taxation for any of our operations or at the corporate level&#59; (r) our ability to identify attractive acquisition and development opportunities (especially in new business lines) and to agree to terms with, and maintain good relationships with partners and municipalities for such transactions&#59; (s) the costs and risks involved in the pursuit of such opportunities and our ability to complete the acquisition or development of, and achieve the expected returns from, such opportunities&#59; (t) the impact of weather, including flooding, hurricanes and tornadoes&#59; (u) changes in accounting standards&#59; (v) the risk of failing to maintain the integrity of our information technology infrastructure and safeguard our business, employee and customer data (particularly as our iGaming division grows)&#59; (w) with respect to our iGaming and sports betting endeavors, the impact of significant competition from other companies for online sports betting, iGaming and sportsbooks, the Company&#8217;s ability to achieve the expected financial returns related to its investment in Barstool Sports, the Company&#8217;s ability to retain key talent, its ability to obtain timely regulatory approvals required to own, develop and&#47;or operate sportsbooks may be delayed and there may be impediments and increased costs to launching the online betting, iGaming and sportsbooks, including delays, and increased costs, intellectual property and legal and regulatory challenges, as well as the Company&#8217;s ability to successfully develop innovative products that attract and retain a significant number of players in order to grow its revenues and earnings, its ability to establish key partnerships, its ability to generate meaningful returns and the risks inherent in any new business&#59; (x) with respect to the Company&#8217;s proposed Pennsylvania Category 4 casinos in York and Berks counties, risks relating to construction, and its ability to achieve its expected budgets, timelines and investment returns, including the ultimate location of other gaming properties in the Commonwealth of Pennsylvania&#59; and (y) other factors as discussed in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the U.S. Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.</font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>penn-20210506.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:183ab4a4-6df8-4e0f-9a97-7cbc1e7016ef,g:7eb04129-3ee5-440a-ab03-d9fff0573658-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:penn="http://www.pngaming.com/20210506" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.pngaming.com/20210506">
  <xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2019-01-31" schemaLocation="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="penn-20210506_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="penn-20210506_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="penn-20210506_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="penn-20210506_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="Cover" roleURI="http://www.pngaming.com/role/Cover">
        <link:definition>0001001 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>4
<FILENAME>penn-20210506_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:183ab4a4-6df8-4e0f-9a97-7cbc1e7016ef,g:7eb04129-3ee5-440a-ab03-d9fff0573658-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.pngaming.com/role/Cover" xlink:type="simple" xlink:href="penn-20210506.xsd#Cover"/>
  <link:calculationLink xlink:role="http://www.pngaming.com/role/Cover" xlink:type="extended"/>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>5
<FILENAME>penn-20210506_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:183ab4a4-6df8-4e0f-9a97-7cbc1e7016ef,g:7eb04129-3ee5-440a-ab03-d9fff0573658-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
  <link:roleRef roleURI="http://www.pngaming.com/role/Cover" xlink:type="simple" xlink:href="penn-20210506.xsd#Cover"/>
  <link:definitionLink xlink:role="http://www.pngaming.com/role/Cover" xlink:type="extended" id="i54915501cb7a4cc2ba13d02e1e483447_Cover"/>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>penn-20210506_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:183ab4a4-6df8-4e0f-9a97-7cbc1e7016ef,g:7eb04129-3ee5-440a-ab03-d9fff0573658-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_WrittenCommunications_2d8afbb2-c0d7-430c-8dfb-5a73632ab505_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_db494330-6d6d-4b7c-afc7-5c381d11de1d_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_f18a0160-5e04-4d4c-a1b1-57e5ad10be3f_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_6756be68-5b1b-4a69-b79d-b141e1c141fd_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SolicitingMaterial_74897b8e-e513-4782-b6d9-9d2945d6775a_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_1f8aa7d3-5181-415d-a76f-45ee27bf118c_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_a0a375c8-0eb4-4daf-ab2b-4c624c0bd67e_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_944c7910-4616-4a16-8c44-361816dd3d0d_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_f1e92a7a-bac0-4184-85f1-6c086ba6e3c4_terseLabel_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_c416a6b8-f397-4d4f-a46b-9d0f51ca4bed_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_b6065647-1758-4deb-8127-5c164bd51112_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_2b8ebe5c-e309-43b8-bac4-418d0be4cee7_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_e37613ae-b93d-4ec2-93df-a36a3c7e5226_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_537402c8-a032-4141-81f5-89a8fc45616c_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_f56e9e00-b332-49b1-904d-ebfcbe89e3ff_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_acabfd58-e416-4dda-ad11-7e3f2fc395c7_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_debfda57-6ced-433c-a068-85451446601c_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_e56f59a1-dc0a-4f5c-9821-79735d7ce9c0_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_6fb1d9d7-fed0-4d3b-b96c-56d223dcfa41_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_7443cd85-73ee-4806-afc0-ef2069b574ff_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_54526c73-4821-49b7-ab64-dd45cb7d36ae_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_a697084f-766b-4422-9ee8-00bd78c592df_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_c56dc5fe-aa58-48f3-b2b7-fcc5e994a7df_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>penn-20210506_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2021 Workiva-->
<!--r:183ab4a4-6df8-4e0f-9a97-7cbc1e7016ef,g:7eb04129-3ee5-440a-ab03-d9fff0573658-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.pngaming.com/role/Cover" xlink:type="simple" xlink:href="penn-20210506.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.pngaming.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_61e92c5b-1fe2-4015-a41e-0694a0cbb8ad" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_DocumentType_61e92c5b-1fe2-4015-a41e-0694a0cbb8ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_e7b457f0-56ef-4df7-b0b7-ef0924a2cc55" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_AmendmentFlag_e7b457f0-56ef-4df7-b0b7-ef0924a2cc55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_7302d9b9-23c6-4c23-9476-733fba600e46" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_DocumentPeriodEndDate_7302d9b9-23c6-4c23-9476-733fba600e46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_8d4f65d3-9cbd-41b3-ae36-9d0fae6004c6" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityRegistrantName_8d4f65d3-9cbd-41b3-ae36-9d0fae6004c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_723bf7a8-9b89-42af-963b-e2a2889ad679" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityCentralIndexKey_723bf7a8-9b89-42af-963b-e2a2889ad679" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_b7e44834-dd49-4ed3-889d-892055e1dc7b" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityIncorporationStateCountryCode_b7e44834-dd49-4ed3-889d-892055e1dc7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_26f68f8e-38db-4ab8-ace2-649d46ed193b" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityFileNumber_26f68f8e-38db-4ab8-ace2-649d46ed193b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_e9127d65-436f-4aad-ad97-85dbb0083b61" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityTaxIdentificationNumber_e9127d65-436f-4aad-ad97-85dbb0083b61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_e0f9131b-cf85-4817-ab74-e086f8e7da45" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityAddressAddressLine1_e0f9131b-cf85-4817-ab74-e086f8e7da45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_84f7c337-35fb-47c2-b0ae-02b364e157b2" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityAddressCityOrTown_84f7c337-35fb-47c2-b0ae-02b364e157b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_ab801b8e-e6fe-4a88-9877-e9a12120ba9e" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityAddressStateOrProvince_ab801b8e-e6fe-4a88-9877-e9a12120ba9e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_92e14b4f-adf8-4fdf-8192-2273687b382f" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityAddressPostalZipCode_92e14b4f-adf8-4fdf-8192-2273687b382f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_01d57571-d19b-407e-b372-07df483cb293" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_CityAreaCode_01d57571-d19b-407e-b372-07df483cb293" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_a23c77c4-e989-4cd7-a179-d71e63adc5f4" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_LocalPhoneNumber_a23c77c4-e989-4cd7-a179-d71e63adc5f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_a882e965-6b37-40cb-98e0-c5d5d9f4bf02" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_WrittenCommunications_a882e965-6b37-40cb-98e0-c5d5d9f4bf02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_8cc46f46-2034-42d6-9748-812fef360f1e" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_SolicitingMaterial_8cc46f46-2034-42d6-9748-812fef360f1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_ecb08f81-72eb-453f-969d-f8efd9cb8429" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_PreCommencementTenderOffer_ecb08f81-72eb-453f-969d-f8efd9cb8429" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_20734aa3-3466-4d9e-ab74-2e6aaa93d56b" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_20734aa3-3466-4d9e-ab74-2e6aaa93d56b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_8d2f6edc-ff57-4b9a-8226-f3f00b7799e2" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_Security12bTitle_8d2f6edc-ff57-4b9a-8226-f3f00b7799e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_6d65b1d5-9817-40ef-8af1-db2d4ea35374" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_TradingSymbol_6d65b1d5-9817-40ef-8af1-db2d4ea35374" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_c2518c40-0f22-4456-8bb0-adfaa23352ac" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_SecurityExchangeName_c2518c40-0f22-4456-8bb0-adfaa23352ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_a3024fe6-f6a6-4d52-adb4-b522af1d8ba9" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_d1ea8f51-ff49-4539-80e3-3e422c6da1a9" xlink:to="loc_dei_EntityEmergingGrowthCompany_a3024fe6-f6a6-4d52-adb4-b522af1d8ba9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>pennq42019erdraftimage1a061.jpg
<TEXT>
begin 644 pennq42019erdraftimage1a061.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_VP!# ! +# X,"A .#0X2$1 3&"@:&!86
M&#$C)1TH.C,]/#DS.#= 2%Q.0$1713<X4&U15U]B9VAG/DUQ>7!D>%QE9V/_
MVP!# 1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C
M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P  1" #" SL# 2(  A$! Q$!_\0
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MW7\:GJ"T_P"/=?QJ>OL,+_ AZ+\CDE\3"BBBN@D**** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@#A-(M?M%T&8?NX_F/N>PK5U>U^T6I=1EX^1[CN*ET^W%M:(@P6/S,1W-6J^
M9Q.,E+$>TCM';^O,G#X2,:')+=[_ ->1QRJ68*HR2< 5U%I:);V@@(!R/G]R
M>M5;;3DBU.23(V*-R+Z$Y_\ KUIUIF&,57EC#;<SP&%=*\I[['*7EN;6Y:(\
M@<J?45H:':[F-RXX7A/KW-6]6L_M,2,I =6 R3C@G%7((E@A6)!\JC%:5\?S
MX9)?$]'_ %YD4<%R8AM[+5?UY&;KEKOC%R@Y7AOIZUCP0M/,D2=6.*ZQU5T*
ML,JPP16?IE@+::9V(8AMJ\]!_C2PN/\ 9X>47NMOZ\@Q."]I74EL]_Z\RVUK
M&;/[-CY-N!_C7+RQM#*T;C#*<&NOK-U'3UN+J%P0NX[7YZCK_2L\OQ?LYN,W
MH]?F:8["^TBG!:K3Y#=$M?+A,[CYI/N^PJMKEKLE%P@^5^&]C6X % 4#  P!
M4=Q"MQ \3]&'Y5E3QLEB?;/9_D:SPD7A_9+=?F><S_Z^3_>/\ZCJ:Z4I=S(<
M95V!Q]:AK[N.L45#2*"BBBF4%%%% '?>'_\ D"6O^Z?YFM&L[P__ ,@2U_W3
M_,UHU^>8S_>*G^)_F=$=@HHHKF&%%%% &A:?\>Z_C4]06G_'NOXU/7V&%_@0
M]%^1R2^)A111702%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M@!]%0"[MF.!<1$GL'%3T %%%% !1110 444T.A<H&!8=1GD4 .HHHH ****
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M0./RH LLH92K $$8(/>O./&VBW.CM]NT^YG2SD;#QB0XC8^G/0_I7I%<[X]
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M@#A/B1:FUBMM2M9'AD9_*D,;%=W&03COP:E^'%NUQ9SZC=2232B4QQF1BVT
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M[H^E<;XL\:II[26.F$/=#AY>JQGT'J?T%=@P9K<A#M<KA3Z'%>#3QR13R1S
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M6O:8UNV%F3YH9/[K?X'O7CSK=:9?E6WP7-N_T*L* />*X!8]WQ<<@#"#<?\
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M2@ KQ_QW_P C???]L_\ T6M>P5X_X[_Y&^^_[9_^BUH [SP!_P BG:_[S_\
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M?!UIK%SY]]?W\C#A5WH%4>@&WBJ]KX"TZSN$N+:^U&*5#E661 1_X[3 73_
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M4%[_ ,>-Q_US;^53U0UR86^AW\Q.-MNY'..=IQ4"/$[3_C[A_P"NB_SKWNO
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M-(TK3KS1[&YNK"UGGEMXWDEEA5F=BHR22,D^]7/["T?_ *!5C_X#I_A1X?\
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M_P >Z_C4]?289MT8-]D<,OB852U/3+?5;;[/=^882<LBN5#>F<5=HK<DYO\
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MY5K^&Y+N;0K2:_E,MQ(FYF*@=3P,#VQ0!J4444 %%%% !1110 4444 %%%%
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M4O&_AG^U;?[=9+_IL(Y5>LJCM]1V_*J?P^U&YU*]OY;MMTJ0Q1EN[8+<GWH
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M"VK1ZUI&5MV?YE X0GJI']T_Y[4 =/X"7'A&S/\ >,A_\?:NBK#\%J%\*:>
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MHFEVK!H-.M8V'1A$,C\:OT4 %%%% %2YTRPNY1+=65M/(!@-+$K$#TR15H
M #H*6B@"K=:=8WKA[NSM[AE& 98E8@?B*GBBCAC6.)%2-1A548 'H!3Z* "J
MUU86=Z5-W:07!7[OFQA\?3-6:* &+%&D0B5%$8&T*!P!Z8IEM;06D7E6L$<,
M8.=D:A1GZ"IJ* *,FCZ9+*99=.M'E8Y+M"I8GUSBKM+10 56NK"SO=OVNT@N
M-OW?-C#X^F:LT4 0VUK;VD?EVL$<$><[(T"C\A4U%% #719$*.H96&""."*K
MVNG65DS-:6=O;LPP3%$$R/? JU10 5!!9VMM+))!;1122G,C(@4N?<CK4]%
M!1110 G6LV;P]H\[EY=-MBQZD1@9_*M.B@"C;:-IEHX>VT^VB<=&6( C\>M7
MJ** "LW7K.?4=.:Q@"!;@[))&/\ JUZD@=SZ5I44 5[&TBL+*&T@&(H4"KGK
MQ5BBB@ HHHH **** *4NCZ9/*TLVG6DDC'+.\*LQ/U(JX %  & . *6B@ J"
MZL[:\0)=V\4Z Y"RH& /K@U/10!%;V\-K$(K>)(8QT2-0JC\!2S0Q7$313QI
M)&XPR.H((]P:DHH CAABMXEB@C2*-?NHB@ ?0"I*** "HIX(;F(Q7$22QGJC
MJ&!_ U+10!F1>'M'AF6:+3;99%.5(C'!]16G110 4444 106\-NI6")(U9BQ
M"C&2>2:EHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 9%%%%?#G:%%%% !1110 444
M4 %(0&!5@"",$'O2T4P.-U_0S9DW-JI-N?O+_<_^M6%7IQ 8%6 ((P0>]<=K
M^AFS)N;52;<_>7^Y_P#6KZO*\T]I:C6?O='W_P"#^9E*-M400?ZA/]T4^F0?
MZA/]T4^G4^-GOT_@7H==8?\ 'A!_US'\JL57L/\ CP@_ZYC^56*^6J?&_4\>
M?Q,Y+4?^0A/_ +YJM5G4?^0A/_OFJU?1T_@7H>Q#X4=7I7_(-@_W?ZU;JII7
M_(-@_P!W^M6Z^=K?Q)>K/(J?&SEM7_Y"<WU'\A5*KNK_ /(3F^H_D*I5]!1_
MAQ]$>O3^!>AT^B_\@R/ZG^9J_5#1?^09']3_ #-7Z\#$?Q9>K/)J_&_4T+3_
M (]U_&N8=?[8U'5K^Y EM]+WQ6T+C*>8JY9B.YS73VG_ ![K^-<N[_V/J.KZ
M?<82'5-\UK*QPK2,N&0D\ YZ?_7KZK"_P(>B_(X)?$R&/4[JXCTF.]DL=0@U
M(JKVHA >($9SU/ ^@K4\/%]/U.^T-G9X+<++;%CDB-OX?P/%9RZ-_8]IHNH1
M016T]L56^8.JY0KAB3G#8/UK0\/%]2U2^ULHR6\P6&UW#!9%ZM^)KH).BHHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** ,BBBBOASM"BBB@ HHHH **** "BBB@ I& 92K $'@
M@]Z**J/Q(#B@ . , 'I1117U4_B9[5/X%Z'76'_'A!_US'\JL445\O4^-^IX
M\_B9R6H_\A"?_?-5J**^CI_ O0]B'PHZO2O^0;!_N_UJW117SM;^)+U9Y%3X
MV<MJ_P#R$YOJ/Y"J5%%?04?X<?1'KT_@7H=/HO\ R#(_J?YFK]%%>!B/XLO5
MGDU?C?J:%I_Q[K^-1:M!#<:;.D\22IM)VNH89'?FBBOJL+_ AZ+\C@E\3/+_
M  K%'<^(U@N(UFA5CB.0;E'/H:];    & .@%%%=!(M%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
&1110!__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>penn-20210506_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="penn-20210506.xsd" xlink:type="simple"/>
    <context id="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000921738</identifier>
        </entity>
        <period>
            <startDate>2021-05-06</startDate>
            <endDate>2021-05-06</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y180L2ZyYWc6NGY1MWEyMmE3ODE4NGEzZjgxNGRiMTIwODllNzNlYzAvdGFibGU6Y2RlMzlhOTdhNTgxNGNlN2IyZTQyMzY3NjhlNGNmMTIvdGFibGVyYW5nZTpjZGUzOWE5N2E1ODE0Y2U3YjJlNDIzNjc2OGU0Y2YxMl8yLTEtMS0xLTA_da7d6e03-c02d-44af-a2d7-16f3d07b2dac">0000921738</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y180L2ZyYWc6NGY1MWEyMmE3ODE4NGEzZjgxNGRiMTIwODllNzNlYzAvdGFibGU6Y2RlMzlhOTdhNTgxNGNlN2IyZTQyMzY3NjhlNGNmMTIvdGFibGVyYW5nZTpjZGUzOWE5N2E1ODE0Y2U3YjJlNDIzNjc2OGU0Y2YxMl8zLTEtMS0xLTA_330e9c51-d9c3-4eea-ba98-a9f55b518919">false</dei:AmendmentFlag>
    <dei:DocumentType
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI4_60a9e357-a6d3-41cc-ac9f-fd99c494b107">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8yNzU_09dfd38f-1b27-4aa6-be60-661d694f1e68">2021-05-06</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI5_1a81e65b-dc0f-4dec-936f-13e8faf22dc3">PENN NATIONAL GAMING, INC.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6MzZmZDU5ZGUzZGNmNGZlNzg2ODMyNzJmYjY5MGMwYWMvdGFibGVyYW5nZTozNmZkNTlkZTNkY2Y0ZmU3ODY4MzI3MmZiNjkwYzBhY18wLTAtMS0xLTA_f318db77-4e5f-450d-851c-26f3a7e4df31">PA</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6MzZmZDU5ZGUzZGNmNGZlNzg2ODMyNzJmYjY5MGMwYWMvdGFibGVyYW5nZTozNmZkNTlkZTNkY2Y0ZmU3ODY4MzI3MmZiNjkwYzBhY18wLTItMS0xLTA_0bec7327-b7fd-4d1b-a6ef-ec7fd256eda6">0-24206</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6MzZmZDU5ZGUzZGNmNGZlNzg2ODMyNzJmYjY5MGMwYWMvdGFibGVyYW5nZTozNmZkNTlkZTNkY2Y0ZmU3ODY4MzI3MmZiNjkwYzBhY18wLTQtMS0xLTA_08acd486-d857-4c46-ac62-64750ee5696e">23-2234473</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMz_8abf2a30-4409-49fc-9b56-be740211f154">825 Berkshire Blvd., Suite 200</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMw_df31cf1b-24d5-472e-b6e8-fb60433dcd44">Wyomissing</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODM0_21c416b3-1c04-4aec-8928-8cee06209fe8">PA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODIz_dda83904-ba39-481f-9c66-31530a15b184">19610</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI0_25eb10e9-53e7-432b-99ad-4c848d216a93">610</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI1_926c8610-0715-4a2a-9d05-6933a48e20fa">373-2400</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI2_242ee17f-25f8-460a-91ed-3dfcdfda8858">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODM1_8215cf60-f16c-4a81-aa5f-d6632cd20a7e">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODI3_59e5e729-e43f-45df-bc5e-df70c133167b">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMx_0a72216b-e28e-48bb-886c-ef7e5be6cc94">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6OWVlMTE3ZDhlMTUzNDM3MWE2ZjQ0YjU0MTNhYTFiZDgvdGFibGVyYW5nZTo5ZWUxMTdkOGUxNTM0MzcxYTZmNDRiNTQxM2FhMWJkOF8xLTAtMS0xLTA_50eb8464-c7ec-4905-933d-a65704071d39">Common Stock, $0.01 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6OWVlMTE3ZDhlMTUzNDM3MWE2ZjQ0YjU0MTNhYTFiZDgvdGFibGVyYW5nZTo5ZWUxMTdkOGUxNTM0MzcxYTZmNDRiNTQxM2FhMWJkOF8xLTEtMS0xLTA_7d6739fd-2115-4b52-b9ad-7fefdadd479b">PENN</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGFibGU6OWVlMTE3ZDhlMTUzNDM3MWE2ZjQ0YjU0MTNhYTFiZDgvdGFibGVyYW5nZTo5ZWUxMTdkOGUxNTM0MzcxYTZmNDRiNTQxM2FhMWJkOF8xLTItMS0xLTA_c5edd039-22d5-470a-a91d-fdc4a4b7b788">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506"
      id="id3VybDovL2RvY3MudjEvZG9jOjY3YTNiODkwZGNhOTQyNDBhODhkMDM5M2E1MmUwNTljL3NlYzo2N2EzYjg5MGRjYTk0MjQwYTg4ZDAzOTNhNTJlMDU5Y18xL2ZyYWc6MGQ0YzI2MTRhOWMwNGM4MzhkNDAxMWY0NmFmODU0NGYvdGV4dHJlZ2lvbjowZDRjMjYxNGE5YzA0YzgzOGQ0MDExZjQ2YWY4NTQ0Zl8xODMy_d32e0def-0635-44bc-a354-45297a949752">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm139889240592280">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 06, 2021</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May  06,  2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">PENN NATIONAL GAMING, INC.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000921738<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">PA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">0-24206<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">23-2234473<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">825 Berkshire Blvd., Suite 200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Wyomissing<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">PA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">19610<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">610<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">373-2400<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 par value per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">PENN<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>11
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
M.7\N?<^E[[GT/:'2MS<C?6?!TXM;WD9N6\3[KC':US0N*&-7<LW(QU2ODRG8
M.9_ [/UH/I[Q[?K9)(2OFEDM(Q:02X&S022X_(O*\"K$">AD6R4)RU3393>*
M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.W<DOJMI2^M28X
M2O2QS'!.'LL,.V<\DAVV=Z =-?OV77;D(Z4P4Y=#N!I"O@-MNIW<.CB>F)&Y
M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_#
M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0
MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR
ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC
MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYN<KGHB=OJ7
M=\%@\OUPR4</Y3OG7_1=0ZY^]MWC^FZ3.TA,G'G%$0%T10(CE1P&%A<RY%#N
MDI &$P'-E,E$\ *"9*8<@)CZ"[WR#+DI%<ZM/CE_12R#ADY>TB42%(JP# 4A
M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF
M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.'<YMZN,)%K/]8UA[Y,M\Y<-LZW@->
MYA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_
M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]!
MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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M> \^>Q\ETWLJ.?]74_P$4$L#!!0    ( !V"IE*7BKL<P    !,"   +
M7W)E;',O+G)E;'.=DKENPS ,0'_%T)XP!] AB#-E\18$^0%6H@_8$@6*19V_
MK]JE<9 +&7D]/!+<'FE [3BDMHNI&/T04FE:U;@!2+8ECVG.D4*NU"P>-8?2
M0$3;8T.P6BP^0"X99K>]9!:G<Z17B%S7G:4]VR]/06^ KSI,<4)I2$LS#O#-
MTG\R]_,,-47E2B.56QIXT^7^=N!)T:$B6!::1<G3HAVE?QW']I#3Z:]C(K1Z
M6^CY<6A4"H[<8R6,<6*T_C6"R0_L?@!02P,$%     @ '8*F4JK$(A8S 0
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M6N=6RKV'5[+E&''\GN4/4$L#!!0    ( !V"IE(D'INBK0   /@!   :
M>&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'.UD3T.@S ,A:\2Y0 U4*E#!4Q=
M6"LN$ 7S(Q(2Q:X*MR^% 9 Z=&&RGBU_[\E.GV@4=VZ@MO,D1FL&RF3+[.\
MI%NTBB[.XS!/:A>LXEF&!KS2O6H0DBBZ0=@S9)[NF:*<//Y#='7=:7PX_;(X
M\ \PO%WHJ45D*4H5&N1,PFBV-L%2XLM,EJ*H,AF**I9P6B#BR2!M:59]L$].
MM.=Y%S?W1:[-XPFNWPQP>'3^ 5!+ P04    "  =@J9299!YDAD!  #/ P
M$P   %M#;VYT96YT7U1Y<&5S72YX;6RMDTU.PS 0A:\295LE+BQ8H*8;8 M=
M< %C3QJK_I-G6M+;,T[:2J 2%85-K'C>O,^>EZS>CQ&PZ)WUV)0=47P4 E4'
M3F(=(GBNM"$Y2?R:MB)*M9-;$/?+Y8-0P1-XJBA[E.O5,[1R;ZEXZ7D;3?!-
MF<!B63R-PLQJ2AFC-4H2U\7!ZQ^4ZD2HN7/08&<B+EA0BJN$7/D=<.I[.T!*
M1D.QD8E>I6.5Z*U .EK >MKBRAE#VQH%.JB]XY8:8P*IL0,@9^O1=#%-)IXP
MC,^[V?S!9@K(RDT*$3FQ!'_'G2/)W55D(TADIJ]X(;+U[/M!3EN#OI'-X_T,
M:3?D@6)8YL_X>\87_QO.\1'"[K\_L;S63AI_YHOA/UY_ 5!+ 0(4 Q0    (
M !V"IE('04UB@0   +$    0              "  0    !D;V-0<F]P<R]A
M<' N>&UL4$L! A0#%     @ '8*F4EXX[>7O    *P(  !$
M ( !KP   &1O8U!R;W!S+V-O<F4N>&UL4$L! A0#%     @ '8*F4IE<G",0
M!@  G"<  !,              ( !S0$  'AL+W1H96UE+W1H96UE,2YX;6Q0
M2P$"% ,4    "  =@J92?^P4K3H$   ]$   &               @($."
M>&PO=V]R:W-H965T<R]S:&5E=#$N>&UL4$L! A0#%     @ '8*F4I^@&_"Q
M @  X@P   T              ( !?@P  'AL+W-T>6QE<RYX;6Q02P$"% ,4
M    "  =@J92EXJ[',     3 @  "P              @ %:#P  7W)E;',O
M+G)E;'-02P$"% ,4    "  =@J92JL0B%C,!   B @  #P
M@ %#$   >&PO=V]R:V)O;VLN>&UL4$L! A0#%     @ '8*F4B0>FZ*M
M^ $  !H              ( !HQ$  'AL+U]R96QS+W=O<FMB;V]K+GAM;"YR
M96QS4$L! A0#%     @ '8*F4F60>9(9 0  SP,  !,              ( !
MB!(  %M#;VYT96YT7U1Y<&5S72YX;6Q02P4&      D "0 ^ @  TA,

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.21.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>95</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="penn-20210506.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0001001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pngaming.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="penn-20210506.htm">penn-20210506.htm</File>
    <File>exhibit991-q12021.htm</File>
    <File>penn-20210506.xsd</File>
    <File>penn-20210506_cal.xml</File>
    <File>penn-20210506_def.xml</File>
    <File>penn-20210506_lab.xml</File>
    <File>penn-20210506_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2019-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>16
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "penn-20210506.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "calculationLink": {
     "local": [
      "penn-20210506_cal.xml"
     ]
    },
    "definitionLink": {
     "local": [
      "penn-20210506_def.xml"
     ]
    },
    "inline": {
     "local": [
      "penn-20210506.htm"
     ]
    },
    "labelLink": {
     "local": [
      "penn-20210506_lab.xml"
     ],
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "penn-20210506_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "penn-20210506.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd"
     ]
    }
   },
   "elementCount": 23,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2019-01-31": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 95,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "penn",
   "nsuri": "http://www.pngaming.com/20210506",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "penn-20210506.htm",
      "contextRef": "i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "0001001 - Document - Cover",
     "role": "http://www.pngaming.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "penn-20210506.htm",
      "contextRef": "i2a400e0cb62940c39008f466753e6dd5_D20210506-20210506",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer",
        "terseLabel": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer",
        "terseLabel": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security",
        "terseLabel": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.pngaming.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>17
<FILENAME>0000921738-21-000016-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000921738-21-000016-xbrl.zip
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M,$:O?9I*1IHI59TM(8>,#)S&3];. $\9[3I<A287=#S!Q!36K1VB\(@'8(Z
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MH4DU)M&(L:"\]4&A2UBCJ1,T BDMZB2I855RA>06N/<QBJ1*ZLG[<BACG61
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M],\6#)O%</Z"]8'FM (>3U3ZS*&IJ@_ER!?4?= TIPKZNC5AM"T+:-&J-[6
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M;44ZRIWV)_PL@X"[X%-./3T*14^$YMYKV+=O.W C76(HW=!\_J.L"_;1*)2
M;DE77@;>L;XF 9C!PX[?]++Y"6@"WHNY;@V;>_(^%.(KMJ@U"^H*()[ M.__
MR">LT:S09<25=">WH1IA0T*^Z)-S6)+/G$Y%WY*QZO[N*4NTN\W=7GE_]R';
MX580#X;X+ !6Q*N=PWM+(Q?L#:^QS-UBJ?M2:F84*Y $[G *=7F4=1/I(P6"
MJ\7#W&)C1??PX1W=Z5J/$%RC$=Y]2O?3Y_9Q3'VX7?R85D5[.8=_)P%!\28&
MQ'',PUPH+[LGXQ8WRDY;C?2>8+W"I7=,6^XLHC1QVC]-)6>V/OO#TF1D<V1#
M[E&S3M.8%KGJ@Y HT]GGW,6-5X%;8T?7YS>7Y__Z^8?VZ6OV_L/GJV-Z__>K
MBZO<R_;=_]R\U6_B\^.5>6\Z6Y<*%YVUT](C1\&/(&.L(,GZ8^L'H%#]>$ ]
M8L=B>L6T%=O2]Y'74UFXF*7B;AIX<UG-BK5!=/MSH,,,D+-#R0@D$U !]BDO
M^W?F#(/6H_3O/'OQZX[T[WPB8#=6:M_Y^>WU-;L^O[WZ='W^ 2S/CU?7[T'^
M7%\ /UY?LIM_O[FYNKPZ_W+U]F9%HY.P7)3MW8@^79QUE1G_2[KV;IO*T9:X
MT!>0,=[OAZ)/U[WC)5NYSOITT5A/7W>(K:]U]U.]J4C+^VN%MU& 5*RP&Y7$
M@PK[0YA+"3Y*;PQ_7]5=<)Q[F["FB"Q[L)8]6)^]!^OB*)\E.K#Y'X@';NO-
M7>B NF*,;7%\+=W4X72U/50Z>>I.N65+W+*]:]D2=ULM<?=$@^Y%&89MW4LF
M_2J4_1C- @L"D8V,C2UU22K!N7UPKC#!'@BI[S_-NS FWZ&(U3,161J*L"&*
M73SEL=6^6CM2*[Q1OYEGW5O[9..>I@7J;5G2W$[17*.^W1Y')<V5-->N;[=_
MX"HTMP?FV?>?QBV>>4;IH5TVS9ZOX=?SGFPZ:V]ZLJE )_'V'4F-YMIM-4HD
M;9V3&IN>WRZUY8$%,ZB*8H>5Y;)N%2NQ^*JV?O%8_&S+_;2?_4Z+'<21TRB1
M5'PDM4^+AZ0]T)7[Z%F:0L-=5I>M _4MFUMN@ENZ+9OXEJ>;WH19(FEK2#IQ
M:HVB(6D/].4^^I:?XH$(=U%+M@_3J3Q=O[54Z:]L6_[6-VUK7.)H:SYE?6T5
M6;J4A^E27F$!M?4G0?W@25G=3&,'U6;G,)W+(SS/M:4>4*7+L@%^&K6S$CV%
M10\V$W :KTN?<DL^I::*L\)4LRT^*G*K8NZST!P8>;JK'_:SM.\1K[YX7DNZ
MTCAI;>J4/OGE[ULJ12V)>5^(V7$Z:T>X2V(NB;F0Q-PX;6R:.7\F8BZL26=?
M25OGK-4P_VE.+MYS1<#WS%"N<NU5%I9LMY;=>@X'9+85[N9GU@N]^4<_1[UJ
MZ+^$V/->$K('4F4?$P*'>;C\>RX;V!'[?Z/+!I[7Q#]K%J_4IQ@77)0T]V0U
M\ZW:5F^X*&FNI+E.:],+(@\P5G'8)8V'?;A\ATNRFLVRMK'H2&IO'% N<;0M
M')V=K*TKR]K&PPQE'/31\MVMQVJV]\#KWW,<@9>\KJ8L<;1E'+7.BM?.: \T
MY3YZE8=^L'QWS6&GWEF[U5+ILVP929VSM6/*)8ZV[5>>E6?F2K^R/%:^AX;P
M4<.I-<L#6,7%CW-:'I K,G[PS'^!\+-S:K%X"S[D-XOB\3_%+>YK'6Z<K3#>
MEDFS\/;"#4V:DPVOD3'%\>:&W 7U\>4YH4<#4+&U6ZMULFD$Y?%@M!N'YDIN
M.7AN:;0;F_9_*KFEY)8#XY;FF5-K[1>W%-2>?QES (ZU G,F]Y"'?1GDX/C:
M_(* 0]MRRB9O=BROR< 30?RJ^A16^NE#Q-/089'C)S'(5YE]&BJGM0Y!X78@
MV/SY(%<%D8SBB*D>W>_>4[ZOQO Q&X5JA!1F+MQEYT-82A3SD+W% 2X&0'M]
M56'O0R&^QFH<L L>R4!5?U.Q\-D1=_]*9$CWPT]8HUEA>+GR<87]!C-,QDIY
MYGWVA@=]%2YXP'$6'OH EEL<_PMW1;3@O0OE)\-NLNC1!SX.1>"*;A+V%\_P
M600!NZ:V:>!5X10P7A)&8L'KM\H7GLH_> _( UC!.)=\$BN]QC&?+'[G(Q^H
M /_^._=],9F>[2,/_TJ$8-T)K0E^$-Q3XXC>BD,0-8P'=BD5^OMGG\L@E%Y?
ML,\\_&J>U=BT5W4O/Q67@1I%9*#I"N[5F<=YDKVT:XV5=K/8.V_43N_SSJ/X
MV>#_XE?V#Z#WD8I3<L^DS^_2_1II?GZCU) DSQOIJV\R_X.*(BE"=B'C2>YG
M7-PG$"BPL 7L_3[Q>\".(-T6\7X2 )@J[ -U'#MY?9YT10B,]X83VZND+^8?
M?N!?A95AFF6!R_L\E#&_DR "V!<1@4A.&?=S*%7(8L4D$)7KJR@)!8/A_Y$$
M@C7K6H96S%?1]-+8F$>,^Q%\'+A^XH'DE0&1Y131UO9".#2+*!RF2E8W4:QO
M?)3RO_'QUPK@UHV3"%1!#.M&ROE-@9J(!@DH!D, %78+0P'J PZ4%K'?19\;
M,ON_DD^IA+U >JN(2)^MOMH$[V "!*[T ?])KX=/S^!IV%?1Q++XN0]29M&#
M+R#.PTAZ0C^<$UOG2:A"ON3A/\#M$+%^"%8(:]=_ IEQ!]NAK8#X^"< #"CK
M+3::C<'8P-\K; RVWX"!0(T6FE3FHYN1$![80DLFOXEKVKGZH!)I-OTYY#*4
M(+%B'@MC..DG2-2T5Q+I^V+I..V?IC+[6Y]].5WK.@D7\ #&^62.K"_4$+R[
MB=%W$2P:, 0V!+AV#&Q5I'>D=MV.N,("/A3^A-WPH >>;Q5T,+RNV#_!T 5?
MX<)/NH3A12/_J20 Y0Z0A,I0(B4*7 A0YPT? ETED36\2>15IJQK_0N._0[\
ME('R/6NB9V0/(.1]8;D73>T8V#8$*1OSH9&CTT8X?N4#->I%"U_<R0CT[4A]
M%:B^DQ#WBZ@$E "FX@%PA08'_"L!B@MIJS"@)P@V8' ('L8^6?4TRBW.<?3S
M#\W6Z]\^W])_CVML 6;R*C_2[@SUA89=P I39K6SX["1<B4X.WWBKXJ&*7@_
M_J3:#6$%L),0M@X"*1JAG=%5ZBO@4%I'Q@#@#0\!\LH'1B=K1 5(7>8;UA5Q
M3&^/1C7V]MM(!*"]<)U)B$XAPM=5(;R+G(Y#1F FP0, V9UT4>?A^F6<P@^>
M,@\<2C<&0N)Q',IN0G$#M)>XE:X3!@/CJPJA- :T9'/">U$RPN7EW\>78>\*
M 4KO" [PLH]7 'FV#07R"=QK#'X A5K0&]9!SG&U%&7"P*,""X(WN-$((SX)
M04Q6</:>  N6?-*>P!>!5NZ 5>R7&@NTK+X( +<^_<(]0!%,%I*=G[U-$ 2&
M"\"D3H%([@"!#V V@.'I<0:XKA#!-&@RL-46B:RE\; M25+V3AG&&@"S,T&D
M#!8W@+CIH/'<T'_6"59H2R]%'AN+\-FD\HM?!?NQT:K5&8SL Q54Z)\-^T]:
M_H^-9LW)7@"A.!+$\CX0[16\ X(]ID=SJ6(CPV>H.B5H9&[$,S *4B# AGC3
M?A8(- U<-11(-^"DD%*8E0:\!T*%:>W"D#"TY+$#!2JH&@4!SV4LAA$[,LR0
M"GE+OQ6<4\MK,W',OPEC,WAB!/0L2=-H'ACBPO]'/V3& RS._5I%]Q8Q/,1Q
M]2=FCN/]L)$[1;.1P:4%^$D2-X"H"  4$1GE[BM @I#YNPQLYV8@!M)52+QC
M"4XLTM"*ZDH+7R(WK?L\&UK+Z\?]P/I)T;!^'J$N,5@S80BTZ!KUU]? ^>_/
MSS^S=X#]@ R1CX)CI".B-YS78 .X1!9= :[3 ODE(V9("7Y$KB<=BSD4C69P
M#E"*Q>@7:2<LG2I"SV)(1 @?H$V*41-VQ_U$D^(0S#SIHF1#$P4DBT+7S(B7
M40+: O3I/-5HR/_Z2Q?3&4LH*I?!P0W)WN3%*I\98+<:5#:]()HWEEX\,$FK
M_(>&=.O9)[P+FT[BY9_DEN@B>,/MY]Z(HMLSA4&Y/W&UTOO["]D4;K-]TFLU
M&R>BU74[7=[JM)Q3(5R/.\(Y_:]3/SMK.TZG@53UPGX_2!NFCL#J!Q$B^-<J
M::M7W >_()J&",BHZ@P&5@ >9>B68_<^TG@BN,]&BN?JN CNG]]>7[/K\]NK
M3]?G']C[\X]7U^\K[.KZHL;.KR_9S;_?W%Q=7IU_N7I[LZ+@)(0797LW8/[[
MQ/X@"J[0%QUJQEZ?9[?-$>^!T[4<O?CT^]5E%6S7$2J_(0@KZSJ#3$Q\,JA
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M0&$AP8+K"?[?:;-V,N/P=;)?9AT^C%)D_I3E%N#V;!DT+.P!OO!8+U1#!F
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M 5KP%.H>DW<KV$4K7%NQ%>@_ZVF+-%1. [Z2X)U*]^&#D[16#W2;-GE?46V
M.1T)#I&Q**,*2P*>>!)4P-Q1[D6'8I:=+KCO&&P!J0^C*8^RW55N1=D?F-5+
MF*T+,^?LR:58(4[#?V='G^= SG56;G"$Q09K][(XV -[:^^_V.?QSNJ;ML0L
MS-G4[[SYHZ3D_:#DHT[]M-9Y.D%6DG%)QMMHON&LW7OC>2EY#PRX[VQG]!QD
M<I66;-JT'COJBD#T9+S<F=W//J6->GE'2=%Q='1V5FNOKIM+_&P9/\[Z]ZV5
MO7Z+O^!#?G._PCCW6@%4WI($4_7:O->CQ*Z(-C('=K@WZ]D&7F"!'+U]1T^K
MYA0:/8]A".PP>MJUDP*A9P_4RDXZEPN."AZ85^DT@1.*9A*7;LOLW>1GQ?-;
M2B3-<M+&#5)+Q;)?_HH^''^D,\_'5KT<FH/2< IN A^VAP+H65>GE#C:,H[H
M_%/C=='0M =:90?=E4]9RY/[2IK6,;.^+YM>/'YI.)U-+UPL3('$(UK1^X;>
MHW:GOD[4LT3MSJ#6.6U\9\/\LB#D$%RKFR6MN [,N6JM?6=M:;MO&47K7\]=
MHFC+*&JNK7)*UVHO7:L+'@W@VSCVQ72W1S[FH1>Q.QY*;.9S8,FAAE->7U]T
M'!VM=85RB9XMHZ>^J5=3JIC]<ER.WG,9')N6QP%#,*B(4U,][#$6'US]6KW,
M#A48/>L?-BA1M'44K6N<E=[+?GHOBGJC8O/S41*Z _!<V"B4!^>N@$8IFJU5
MFL.S12&U1NFM%!8]K>+5@NZ!2ME!;^5S*/"*E< V]J8+>77#4-VL]L"\%:<T
MAXN.HF:9$BLZBEIEOJ7T6) 0+N^[=^O O)93IWC'!DJ[>*9]6'E(JO X<NJM
MXOG_>Z!>=M![N1J.N SI-D#,MQQ<;X""'ALHS>&9"C&GL[;$*I%4\M).*I;B
M+?B0WSP$)_,JB)*0KN##FUAA91+O0L<;J%6/><)+W%CB/2;N@(?]#6V$W367
M-Y-KI5=3Z#*9$CTE%^V)PME%M[-L4S<?.2L39T5'T?IALQ)%6T;1^N'GT@%]
M<I^&+DY\#FJX5D$UNU98QF)(U]V*OQ(93\Q5R>86:XR!IBKG4=?:J;576.R"
MFVGQG':U65MP]2,>N=+WE[&CG-&K+TH]#'MR_3J3TN3?>I7INC<)E2C:.A>5
MB<#">63/IBYU-S[3A&\GE6'C>Y3A[EJ]];4+8TK'9"?B7R6:2C3MB5(L=%YL
M\:6HY]Z?281!R;=OKFXOSY^D?^ N,DFSV=G4^UKY,N-=,?KW"K%.>^-KGTK$
M%AFQS7IGT[K<YT#L'JB['<S*?<$R4'MY)(\BA><.0/N-93Q@<2A'OM!%(6E$
MU1?\\&I&'6?]5C6E';_M;.I)\7H^E#B:.<^S_B'JTM$Z!$?KRY,U-MZWN\[7
MWG^Q)4*K=;)V+]AU0?#,+DA)RH=!RHWVQI=<E:1<DG*1-MX\<\H;!\KXP</5
M5B*>OG"'#7G8E]]UXT".@)I (IY*\"#*#E_?<;)I#>GJD-B EYX#$C\MI8LM
MN<Q[1UM'[5:MO7:KV)*P2L)ZJHY1!TE;>V!]%#J&M!@SLS&D[S$^=K>@L]E^
MIHK.HC)C6?$[$Y=H/%/A?$D@NT$@S?6[I>\W@114G;^,.=A2MM 9_K!?:+U7
MU7!%L\LBIHHZ^U6S8RE0!IX(XE=5YY3H^U'A?_H0^!ODL#C'FM3F_[Q0022C
M.,+^[($K1]SW)WAV2P:Q"$64%BI0GXJ??VB?O;:QAYA_$Y'^Q;NO>Z)^!7^-
MEER5N+08X@T/X1OELYL1C!?1("H)V3\!%#QB;W&-,9<!-=;Z4\&:V1W\-0E%
MC?VANVR$^@O\'F>"G<T,2I6H)Z^IXL+L3(74I:N"__83CUH.D]5#A]=8K!@/
M0WD'ZXW9K#E484! [*^$A[ V& !?%3!C;;I@/D='Q:6:QL-4 _ $CJD"I!,
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M_WB!PD9E/<*AU2,T*LV3]J;!FV+X9"4-ES3L-#8]H5+6U!1FC(/QU&]S(<)
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M#[L@/E/0]DL/]P19&K5VVCO:(^(=R$&R;0:A$&P([P\B)D &>IG7MD(/C:U
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M+!@ML(OHI8L8VD5$ Y7X'O7EZN(]/"#?0$Q@'ST6)5T 7PR,BJ%PW:<K2D8
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M-Q2F:U':O.DHT  :@1,,AAX1!P*U8IW4O'=J/%VL!\RF,,<5/3*!@ '')!G
M::039U@[#HB/,?T1$AQB_JU"/1Z)F,(%,B1'8?,HQ\7^F8#?".H[?6<^E.4I
MS7.8.R4645FT(NT.Q5DTU&Y-%T_ Q217C%[+Q9E-+H%:8Y'TR72PX1(?1 =U
MJ$@+O6Q=3IX4.)U\$^2M&AO"1!SRH(7M3*5:\C%02]7J>/9HLD81OI]6 F4V
MF.XX,FM  ELJ.JU<,5PNPOXDIZ=L0$>/0^?:K7FJRU;R^5'\Q5=>/]=:0FK.
MI&,#>%(Q-(L?':?QE#N=^T^;'VE)A-[;$;:T$*$Y$.[AR=HN!SEF-4H(6X$U
M#[%LS02/4"A/#9$[_U[1A6P![EIG=>"_8R%&0.Q?\31X6JEE)4V7FR/MR%Y?
ML>G7*++@_^LX9::LZQOA0A<.QCJ8Q;]IC.J#W!.[S7SSE="&A+)N)Q0$,A.%
MQ[-=;4R]P\3J36ECPZ8OV[W!:3 $LWY&L.ZI@"1Z.=&Q#6B2+47\1@8E4JDU
M2TRHM*^4IP/8N)6!')D@91JOH[=A9DP3F(/H/>J\B*R:V4M6$$76S+)&BP[.
MV<"SA?,H":-$QFF?HND-VM9J.8@9F2H,T66@4N$TI'K63AQ09X&IE%P^K5=9
M,+'90SRK:(WG,977]0%PQ'4#[-0!>C(-(X<!1[EE!DN.\P8&FJ\)-0^<,QSN
MCM-@)N7E..P=S8-<7#O+1!C30C<)RA7SIRDO_#GD:9<*G;'@/="+)/ZFNF19
M0TF'[(#I%?J?Y)X=97RO#W/3C"9H:2M)63]4XY2MQL<V]DD]L6RP/Q_IG*O$
M]02Z/B9$NY:!DR5;D"I7B+).Q9$?]-86$-%\ECA_O2AEW^_->S_HPA&JL4M/
M3,>E*S3HTYDZ^2#SC+=BQ'0H4GL\9^@L,$9P.IWVMJ%Y@Y"',;&2L:/EOX^Q
MPT1[#:B5M8.B'0GM?Z00R8H2YC)Z]Z# 5%;T$A2P%G*Y6O34IB5+:8'KPZ<H
MUYP9U GAB<V!V&Y>R#N$X;1A ZEQ<VQX#OG8U@/<]&A %)*K?)Y_5:OY."W;
MPVXJEF13!6RD\T!W *":G^FTB>'J;_-<O3#-\_TYWXI9E%9*6@+F#>1*FF!>
MP*DZP6<K5:AY*K(<LHJT$CK'GP8<LPDE;/HRU ZUFT8*IARJG%TITX394 5C
M'0V#U_, R#67F1S;3CDFP(U-/-+#5W)Q\NT\")#>OPCD&#39WF%EI5.O_C,M
MD9D Q9 @]=@E6*=$<4VG8@KIL:<@B 3<\K]  8 U )2MAXORX_V+%GEAO.#9
M%TZK_P1EP;75W9-^VMT*YO]W[::6+P3%<=Y^TYJ/8".IFG"JGEV;]Q@+T;65
MB,ADA/4'YJ0]JAQX[9[LA?CFBE&L;7(C\KK8I71,QPE\#/9FQ8Y+TU3@-27#
MD7'T%^5+=)1O%E%SQ;53H9W->EH<9 :CL3R#\;*KO G\9Q /_5__'U!+ P04
M    "  =@J929^"7'HH3   !@P  $0   '!E;FXM,C R,3 U,#8N:'1M[3U;
M5^,XTN_S*_1E]]OI/@<ELGQ/=[.')H%)#T[H$(9)7CBR)1.#8V=L!Q)^_9;L
M! B0)M"$2P,/@*U;5:EN*DGES_\=#T)T*I(TB*,O):5,2NB_ZY__#^._O[9W
M4"WV1@,196@S$2P3')T%61\=<)&>(#^)!^@@3DZ"4X9QWF8S'DZ2X*B?(4JH
M<JTPJ2J6RER-:=C@OH4U07QL,]O$IN=ZBC")8@A_[:AJ"I=H"K6Q*H2.-8TP
MS%RB8F[[OD]T4S5T:XU7#9.IKF43[C%;HU#+LCA1;97I5!#=]N2P_0RP PRC
MM#I.@R^E?I8-JY7*V=E9^4PMQ\E1A1*B5/YV=O:\OA@P'$1IQB)/E*:MPB Z
MF6LV=I-PUE"MR&*7I;/JMPV@V+9=&4M 9GT&XT4]*FHEB*!/(8E_63V[O?YE
MU4J6L"CUXV3 ,IA'V9.."<74F'4B&P4_0.0ZWEQ<ULYKIL(K'\6G%2B0W=N8
M*%A5+KJ_0:<Y[&7I%70P=#97>=;Y71A9LR&K(8N.OI1$A/?W2C#-@O'USP.1
M,21[Q>*?47#ZI;091QDP+^Y,AH"85SQ]*65BG%7R":FL__;;;Y^S( O%^E!$
M$99L2W1B?*X4+S]7BJ[=F$_6/_/@%*79)!1?2CQ(AR&;5*,X$@! ,*[*BB(I
M_@TX%U'^+Y0W08*2P"O&'V=MX7\I!91IA CBN0:U->*I-B&6KQF&J:O"X%P_
MK,U N8"IA"(VD$.+H%J/ +[))J"3L+ 1<3'^4TQ**.#0-5?_FKBU^'2'MD^[
MJC/BQ_73WK9]W#KNJMU.,VC53LYZV\U^J_-]TJQ][;=J_1.GYN@.K2O.8/^L
MV0F/=]1FV#V/:9/6S[O'1[JSW3[N=DZ(<_S]K-LYTGJUC?-6I]EO=KZ%3FU?
M[RH6V:&]2?? ,YK;7<4YJ$^<05UMU>I:<[M^WCL^&C>WVX'3:9RU:F'8/)?]
M;YSR[:W W=XWNK0=.N<AP,2A3UFW&39I8](#&)WSKMH\[H?P;@#MIVW^@K'T
MJ-<9'O>V]\];!W4=8%5@/-*E^VKW^%O8K#7.F\<>;6WOP[ONV FMR4ZGGCE[
M9+S3V3CDS.2& +WB$<I!S3 ?,\I-K!B^RHGI4LZ\TCJ!'YLJIFI]KLS-YRJG
M=P-T+I=Z=RMD1^_3>M>TGE^=5E4EPO9T!<R%IX*1$0R[S+8PLWU==W7%LA6[
MM.ZS,!4W9K0R+[R)\$4B0"NFM^@<J=.J:6XU8,Y1KN.J&6B:+Z4T& Q#J4KS
M=_U$LL2<>BF/4PY=5.;[*,:_''0*0QJ/DOPIU^'5*9\53/$0/IMU)'(=,GL*
MN'SV Y&@'"!QJX+>;/PY+Q+7&Z_/7LWW/@3ZQGSV!*8FR6K@3ZQ+H# !S6[,
MVEV678#)%U2=E<R>9X-4Y@@UH^H%&2M7E'4%5'JAUW-RWN52'"JEJVVFMF 0
M1+@OI-M3U6C9U(?9I[. 9_VJ0LC_E_*JZY_3(0.F<I,*=%#\7_1SHS<),V9A
M<!15/2"B2*"'C+FAF%5PXP1@QUX<AFR8BNKLGT\SFU1849PW^C1@R1' Y\99
M%@^J$C9P]K+ 8^%TD'R\HO@2[#(I0,^ 1AF?C3PM+N=%E8S?++.MLDT6%Y.R
M<E%6R?M.9A6F! 0 2WD[P$J2Z4M)+5U#?(H*'68HC<. HW^1_.?3D'$>1$=5
M@I2\E\MA*CDMEB2V''96#E#$274V@ \<A7TV",))]?=., "]T!1GJ!T/6/3[
M6@H."W@V2> 7%=/@7%05 RB>/YX5")K03SX]4X05*LFUWVQTZC6TU]GHU/?F
M&>0%0KM7W]QO-SJ-^A[::-90_>_-/S; '*#-EN,T]O8:K>8SHD"70N& I7W@
ME2R.UE!M$Y8KNF:_>* /;_WYS[\4@WQ:"/Q4 63Q$ 0;AED],M92R&RUV@Y:
MH0\U6[H6SO]SNE#CF0OE;'\GW?,&=3KM?NO .6MN.YISWC]IUC;&SD&7- =;
M@U9MGX"K!>[07QK_XUO8H^&I>QR?]6KM8^>X"RY470<7"_HY.F]!?TZM/NX=
M?Z?=@Z[6['PGO= :MVH-[= @S!:J;F)F</"#%,_#S+-]['/;]C1;<Q5BEM8M
M_.=U+PB]>#E MPO"0KBGA@&'PL^J-%=RLU=YM&+Z;N7H7=>NVJW8+2_/ZI.(
M\W)S A:A76]V4+N^VVIW7CP+[>ZW]_8W -Y."X$YZX#-*NBNJ*C51HK^@7]$
MK:T7CT?GCSJZ8HXO3/'&9@? 1XJM:HOE^0HKV4_"2F0I 9!./8I]U!;#.,G0
MA]FS8.#6BS1#XE2&)).\6/"/U1F"JP5V@2YZ=!-6!+V@]3BK<D!] #WV.9M,
M '\1W6;B=O.%3[U8#KTM6S=IGN\?$IO[7+5\K+C4Q!IC!G:%0;!A*-RP-5\1
MAE5:=]BD$'%C+0]/OSZ[=T^S=T6\K:<0;[H<%BL/B[;%49#*^''6A)*W)0_2
M]],/%68!S^LNYA[QL<:%AVW5 /E0A>4SGU+NJ6 #Z\TF:FY(V[>Q@[8WG$9S
M>PTUFIOEFX&Q9Y.,Y4S&A_J8>1F2\UU8CAD'():BO:'P9'"*HR!"09:BS3X#
MPY%\O$MRII&&)_$-5ZX"] 58/&ULR;;+)C$?$EI2U;*A+Q=:ND^WM*PI]N/W
M2LNJ\5J S2E+[Q.T6Q2AFT7@Z' L8W W^>T&@\3#QQ8D^RXY(BLQ0E>\-KF]
M*>/8F1@F\:FT3O-N6V&E&I$7)^#!YON;>[+V9CR*LF2R&?/7:;2*/1_GO#?H
M03]R_P9@&S2W>V'S_(BV:@XX:]\&W>,NP."<=0^<:WL^\7EST#L!F$]ZG>9)
MEW9);["OMFI=&+.A.H->T#P^.>N>?^T#C&<[G8V+/1]?52SNFN#["1WLG4XX
MMG3%P]3P568*C4,%L'<BBM))>,JB@"VT<%,)>-7,?2V"\"N@M'*G<2L(!?3N
M@DU\E[V[9:]Q(7O$%9ZIPKK+-7T.OJ;B8F8('\-;GU/=$)P9I76"J4;EUMV#
MQ6YN5^>=G>]@YPX;-Z:;LEYN8=YY>VG>_G[)VQ;SN&89F%LZ&!=/,S#S#(H-
MS=2)$+IA&Z*T3E5,J:IIIOI#]GZ%OM.-Q5;.O!]R;P7%"6IE?9&@;Z,D2'G@
M23:3JZ\YS^;CKR_B"ZBT&0\&02K/52)I7% A@6^7'HURN[Q71O7!,(PGP#;S
M^@DUX_+'F_)R[YW[V\Y8/&7 XD[]_S0QL W.$Y&FTS\[ (#R*G7_SP3"G/-#
MB[D^92J1IXAMK-F^AVU7E^%A4P/:*;ZB:Z5UB^KHJTA.TGZ0"/0U/.7E-;0W
M"D#)44)>4)SX93'7)OS;2CKQ6?3V6.OL4*XI/1^\7:IQ'6LF%=@UA(5]UR":
MJG)P'("U#B9Q;@2BH^MLM+;*PP]S\Y2;ZU:RF\2G07[$^ZU-%CFDBJ<IAJMB
MQ2,:UICPL&53"UN>$,2@Q/:%55K?W;@IZT\T1[MQFK&P%PQ?;?3GI[8LS@\Y
M9Q904,,N4T%36XJ/;<\PL*KH*F&*[BH6B)-B&\I+5L@+=B>FDRR=X]T$9# 8
MLA#5Q\(;9<&I0"T?O""1KB$6<00\@"03+-Z=>'=]%DB4-$@;B6!O4X9 R^G"
M58BP,9 +EJLJ=;%M,PX+5TNS.%4,9JNE]5LD"*]P4G9B6'SL]N/H-8?7?FIB
ME$.;&IX%=,?$5,!78)1AFQ,=&[:J,LT2E/BLM*Z:*C@3-QW.E1QO64YSW7$6
M[87HU\OMWM]3U!&A&$IVFRZXUV0\(AS)53*2RB%7KK_:48_7;1*:E8V7M!6_
MI%'?BA.0SUS3K>7;?_# IH9>&O+I*S](00$B>7IK#04^\OHL.A(<I=(71R%+
M9R?9[CR.,#VG]SSH;O:%=X*ROD!L.$SB81+(&* ;CY$KPOA,8B8+)5&0A?\$
MM$,I<4&* GGMD@/&60Q(#T9AQB(1C])P@E*6!:D_R5M.&\0NS"R;A1)E07)Y
MF&,$_0"1H\FLS(]#&%RVDUNM@0RVI=6E#SS.GPO6BJL[.7L%D0Q.53&E9?T^
M%-\ LH1H/PH\4#+(V?LIDJ]\C]J-X]!E0,$,YO&JS3Y(@@PF348P1]$T0)>^
M/<--#ZE&A5!,'U-=WE@W"!AN17"L<M_C/BQ9+-V25M(V->W33]KMG'<>P5K?
M_/V,#L24DX!YK[(2&HZ2="0E&G1">Q0*I%%]*MU2K/=@900- P!CP\O0!\5$
MFUMM1%52AHH?WP7\9P5\+PX##P@<'3F@QB5.;TZZ'>70HHKN^0;!OF)XX)9;
M"F9,]S$W#)5ZG!)FBL>2[L?WRF_^OIQ5-)A.ZTU)4S2&%7I%V.KCPB69%S6-
ME(N:[]+VT]*VFPAI2N6E[OQ&FG2'DI;OO\7%L'JHVT(7)K6QT%1Y6(O[V/5T
M@;EO$D]15<4PW=<D=3"[V+LRO7?:.D7CF'YP/RXG@T7=NZ5PND*2N+S+Y8/D
MLI&F(Y&\9>ETQH=@\RA5#!<+:@FL6:Z++0NLH_!-H;O"\#Q;^[6E4P6T/WC+
M2>>T[OUC]4],G2L.=;&<%@DLR*_B#C7R1;>2:Z;I\AKPK3Y,[[R8VP:6KC[H
MMH%5-JGVZ$?M%;M,]<5-'WR"7T*K/\8)_NF4Y*9"N9%A8UJ:YQ)8F'YCZ:-(
MQ50]SVFDCDSO55PJ]?K("UF:+G$PZ\U0)V%YO'QO,G#C\$.ZS*&UI6A37+?_
ME4DWNX*6\Y68&0Y0K&?] -Y<:M_[G V=SWRSD'R_/%^N<)MR:B$G"G5SW? J
M?;_BI'3KX*_0Z=357JT/?_?/FS5'=0[J%/P]TCW>)PZ,U>UL!;W:T?63TGKO
M8'_L=/A):WM_W.PXQ#GWQMU.;]"LM0/P$\<.W>H[!]].6EO6^.H-')T(U](,
M#7NF\+!F$QW;JLHQ,W23:,14N&J7UJ6W#:*PE\7>R1KZ-RD3!0U9@DY9.!)H
M*'./]5ER2UZV9;7/NX2L3D*F1J&P">_BL81X7"8E-+EAJK8/:WE%'@!P=8I=
M>3+#](7/@;\TTW:+"]G/Q?N_OF5>>9Q!6ON;MSUGAF6VB'RU.0F>6GHNKYAY
MNN R#R.F-#]J*Q-"VPK'/O<TIKFF:UH6.*VP8&VRE+-_"@.#'):<B SM[&S>
M?2]GX3V#*VM:[;GVWAL1E_$*@=P)\O)]>(#J!#Q*D=^_N;9)'LCC!T@ ID?2
MAS]*XK.L+\,>0[EQSE+$A0]#Y-D0BKTWHL\6_-<VWN"M F9\?@..Z!_EW9\B
M6$)=3&]I/!<Q*7K1YB,GLN''\I(IN^Z,62XXY_(LLU5?0/F'; >__AAK<<IY
M1I/MG"2;!45>I1;\J?#JY)"K5! 00$P,5>:V=SW,5%W#FDYMD]F:;>KT)897
ME]T$?"8%Z?] Y:V!HKM5?P8WSA?U03N*4'CR2P=1G,=%1ZG(:X&X3$\QR<3T
M01XK+1(.2UG(QPHG<O#\"PE2WB- #4H2<1JDT YT+HL\*=/,\V2F!UE9)MWG
M+.%I<7Z)+PK*JA_815#VJFXM/ZM6N6#3I;+/O.<QOM5??Y0\QM?23P_C@D.K
MB0B9O&)P(R'U)2PY$.2R"7,!FE%VL\E=.:SOFTO;O,BEW4\NS?Z1P&XBV EF
M/JP?JBP\8Y.T5%E!PNWGR1?8R,2@V)FB94(1:HMT%&;YU9 6Z)/IKI0\/[IU
MH3 V8U!@LN"FO[3\,=^IWR2S\SY3DJY6A*[GX%M#,BD+N.T2.\!T&\:-CO(C
MVV70VW)#EB,&RE$>J@5F%@S4,8LBT)^>U)^%_KZ@8#Q/P4N5Z\THF"MKV2KK
M)T*@/+=B45D>T$6%BH>%@]='JE+ 6$8;T'XX/7,:I->@@1>ND+#XHR0*TKX$
M6#K _< -,F3;945J\KSA['#L8K=WP4PMFM\ED]:3V[+62[<-PW )\[)J.AJ
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MTEICE[SV9/7Z1^OV^]7Q:PW;DWTQ^ %02P,$%     @ '8*F4D5^XE*" 0
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M%I1'ZRWA(B@B Q?$2JV(%B)YIR@%J4;\[S\Q/@@%,5T4ME=TQTB\+=N\O?T
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M   1              "  2A:  !P96YN+3(P,C$P-3 V+FAT;5!+ 0(4 Q0
M   ( !V"IE+(%D^0AP(  '<)   1              "  >%M  !P96YN+3(P
M,C$P-3 V+GAS9%!+ 0(4 Q0    ( !V"IE)%?N)2@@$  ,8"   5
M      "  9=P  !P96YN+3(P,C$P-3 V7V-A;"YX;6Q02P$"% ,4    "  =
M@J92>ZRCJ <"  !K!@  %0              @ %,<@  <&5N;BTR,#(Q,#4P
M-E]D968N>&UL4$L! A0#%     @ '8*F4D);K.6 "@  TUX  !4
M     ( !AG0  '!E;FXM,C R,3 U,#9?;&%B+GAM;%!+ 0(4 Q0    ( !V"
MIE+E^T/*L 8  &8Q   5              "  3E_  !P96YN+3(P,C$P-3 V
>7W!R92YX;6Q02P4&      < !P#- 0  '(8

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
