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Penn National Gaming Q3 earnings down

Wyomissing-based Penn National Gaming Inc. reported net income of $46.6 million, or 52 cents per diluted share, for the third quarter of 2007.

Wyomissing-based Penn National Gaming Inc. reported net income of $46.6 million, or 52 cents per diluted share, for the third quarter of 2007. This is down about 70 percent compared to $155.1 million, or $1.79 per diluted share, in the third quarter of 2006. Analysts expected an average of 53 cents per share for the third quarter, according to Yahoo! Finance.

The Berks County company owns and operates Penn National Race Course in East Hanover Township, Dauphin County. The Hollywood Casino is expected to open at the race course in the first quarter of 2008.

Penn National shares trades on Nasdaq under the ticker symbol PENN.

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