(Read more on the debt and equitymarkets.)
WYOMISSING, PA-Penn National Gaming Inc. reported a drop inearnings, but a rise in revenue for the quarter ended June 30. Thelocally based casino and racetrack owner released its financialreport before the Nasdaq opened on July 26, but elected not to hosta conference call, citing its agreement to be acquiredby affiliates of Fortress Investment Group LLC and CenterbridgePartners LP.
Earnings for the quarter fell to $38.3 million, down from $42.7million for the same quarter a year ago. Revenues, however, rose16% from $537.8 million to a little more than $625.9 million. Thecompany incurred costs of $2.2 million related to the pendingmerger.
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