G. Hinriksson - This is My Life #Flyah Submission

G Hinriksson (Garðar Örn Hinriksson) (born 10 December 1971) is an Icelandic former football referee. He was a FIFA listed referee from 2004 to 2009. He was named the Úrvalsdeild karla Referee of the Year in 2004, 2006 and 2007. In 1996 he earned the nickname The Red Baron after he gave five players and one coach the red card in a 2. Deild Karla match between Dalvík and Grótta. 
Garðar retired from refereeing in May 2016. Shortly after, he was diagnosed with the Parkinson's disease and this song, This is my life, is about the disease.

World Wrestling enjoyment drops ball with Hulk Hogan

World Wrestling leisure, the greatest expert wrestling (or sports entertainment, because it prefers to name it) company on earth, made a bold circulate July 15 when it reinstated Terry Bollea — better referred to as Hulk Hogan — into the WWE corridor of reputation.
It changed into reinstatement from a morality suspension. but the fact the WWE exceeded out a morality suspension within the first place is downright laughable if you happen to look on the rest of the hall of reputation roster.

In this October 2012 photo, reality TV star and former pro wrestler Hulk Hogan, whose real name is Terry Bollea, looks on as his attorney speaks in Tampa, Florida. World Wrestling Entertainment Inc. has reinstated Hogan to its Hall of Fame, three years after he was found to have used racial slurs in a conversation caught on a sex tape.

during this October 2012 picture, fact tv celebrity and former professional wrestler Hulk Hogan, whose true name is Terry Bollea, appears on as his legal professional speaks in Tampa, Florida. World Wrestling enjoyment Inc. has reinstated Hogan to its corridor of repute, three years after he was discovered to have used racial slurs in a dialog caught on a intercourse tape. AP file photo
here is the equal corridor of repute that has individuals with a common past of drug dependancy (Jake "The Snake" Roberts, "Mr. ultimate" Curt Hennig, Scott "Razor Ramon" hall, "The Heartbreak child" Shawn Michaels), steroid use ("celeb" Billy Graham, Rick rude) and womanizers (Bret "The Hitman" Hart, who admitted in his publication "Hitman: My precise life within the comic strip World of Wrestling" that he commonly cheated on his now ex-wife, Julie). It's the same hall of fame that has "the nature Boy" Ric flair, who is a column all to himself. Watch his ESPN documentary; it's ought to-watch entertainment.
It's the identical hall of repute that has a member banned from another hall of reputation (most important League Baseball's hit king, Pete Rose). It even has one united states president, Donald J. Trump (insert comic story right here).
"Superfly" Jimmy Snuka, a well-liked WWE wrestler within the Eighties, turned into tied to the 1983 death of his female friend, Nancy Argentino, in an Allentown, Pennsylvania motel room. Snuka entered the WWE corridor of fame in 1996.
"Stone bloodless" Steve Austin (Steve Williams) pleaded no contest to home assault on his ex-spouse, Debra Marshall, in a 2002 incident. Austin became given a yr's probation and a $1,000 first-rate later that year. He turned into inducted into the WWE corridor of reputation in 2009.
Hogan became involved in a intercourse tape that become released online with the aid of Gawker in 2012, the place he became allegedly unknowingly taped with the spouse of Todd Clem — the radio character referred to as "Bubba the Love Sponge." In that tape, Hogan went on a racist rant about the chance of African-American guys dating his daughter, Brooke.
The WWE — a publicly traded company — automatically severed ties with Hogan as quickly as the tape went public. In July 2015, Hogan became removed from the firm's internet website, and the company not sold his merchandise. He became additionally removed from the WWE hall of fame, an honor he turned into bestowed in 2005 earlier than Wrestlemania XXI.
Hogan is arguably the optimum superstar in the company's history, the Babe Ruth of knowledgeable wrestling. He turned into the person who lit the activities enjoyment world on hearth within the Eighties with "Hulkamania," showing himself to be a virtually indestructible first rate man, preaching to younger babies to "say their prayers and take their nutrition" in the event that they desired to be like him one day. Vince McMahon, the chairman and chief govt officer of the WWE, pushed Hogan to the moon all over this time, along with his largest second coming at the Pontiac Silverdome in Detroit in 1987 at Wrestlemania III. Hogan become chosen to beat the legendary Andre Roussimoff (Andre the huge) primarily adventure, which protected body slamming the five hundred-pound behemoth within the center of the ring. That fit made Hogan an icon. And over the years, he has made the enterprise millions upon tens of millions of greenbacks.
Hogan has been relatively quiet and controversy-free in the three years on account that, adequate for the business to bring him returned into the fold. To promote greater T-shirts, to make public appearances. To make the enterprise greater cash.
All those contributors, all these pasts, and WWE nevertheless tries to escape the morality play occasionally. Paul Levesque, greater referred to as Triple H, who is now the executive vice president of talent family members for WWE, gave an answer right through a February 2, 2015 version of the "Stone cold Podcast" as to why Joanie Laurer (enhanced referred to as Chyna, the most a success female wrestler within the enterprise right through the "angle period" of the Nineteen Nineties) turned into not within the hall of repute, pointing out that he didn't need his infants to lookup Chyna on the internet and discover what she did right through her put up-WWE profession.
Levesque became referencing Laurer's decision to be an grownup movie celebrity from 2004-2013. that would possible make experience as a explanation for her exclusion, except the WWE corridor of reputation has an adult movie star in it. Tammy Lynn Sytch — known as "Sunny" all the way through her run in the enterprise in the Nineties — starred in an grownup video in 2016. She's a 2011 inductee of the WWE corridor of fame. Her name has under no circumstances been removed from the video.
I'm certain Levesque's feedback don't have anything to do with the proven fact that he as soon as dated Laurer, and broke up with her with the intention to pursue — and at last marry — Stephanie McMahon, the daughter of Vince, who's now the executive company Officer of WWE. sadly, Laurer will in no way be in a position to look after herself or enjoy the possible day of her enshrinement. She died of a drug overdose in April of 2016.
The fact of the count is WWE makes choices now not according to morality, however in keeping with enterprise. They dumped Hogan as a result of having a reputation as huge as Hogan's tied to racism harm the base line. They carry him returned three years later, realizing there's nonetheless a technology of wrestling fanatics that adore Hogan and buy his merchandise. It's what's "premiere for business," to steal a term primary in WWE storylines these days. those different stars who were in problem in the past either did not damage the final analysis, or the business easily omitted it.
cease insulting the intelligence of wrestling enthusiasts, WWE. Be true, for once. You may be in a position to are trying re-write your own history, however the fanatics on no account neglect. Forcing revisionist heritage is what might at last harm your bottom line.
Dave Dyer — 621-5640
[email protected]
Twitter: @Dave_Dyer
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    Cam Kirk on Nurturing Budding Hip-Hop Photographers Out of His Atlanta Studios

    Image result for cam kirk

    In Rae Sremmurd's eerie banger "true kick back," off 2016's SremmLife 2, Slim Jxmmi raps, "Can a n---a grasp a Cam like Kirk?" He capacity Cam Kirk, the photographer in the back of the SremmLife 2 artwork, who has snapped astonishing photos of mainstream entice stars, including young Thug laughing over a bowl of Corn Pops, for years. A past display was in response to his cowl for Gucci Mane's trap residence III mixtape, while his Slaughter King artwork helped introduced 21 Savage as an intimidating new rap voice. Jxmmi's question turned into meant to be hypothetical, of route -- a excessive praise. Yet currently, Kirk has been keenly drawn to mentoring the next Cam Kirk.
    closing July, Kirk opened Cam Kirk Studios in a downtown Atlanta office suite across the street from strip membership and hip-hop fixture Magic city. He wasn't satisfied with enhancing pictures out of whatever recording studio producer friend Mike WiLL Made-It booked on any given night, but Cam Kirk Studios is now half workplace, part photography studio, half paintings gallery -- with its rotating art and his own Gucci Mane portrait on the partitions -- and in reality, part training ground.
    Between shoots for shoppers like Nike, Adidas and Yo Gotti, Kirk invitations newbie photographers to booklet an hour for free of charge. gaining knowledge of how to shoot takes time, and Kirk makes it possible for for that; personnel may also book them through and pose for a shoot, fascinated about the sake of studying.
    "i have been a photographer for roughly six years now, and for four and a half of those years, i used to be by no means in studios," Kirk says. "now not as a result of I couldn't come up with the money for one, or I did not have entry. They had been intimidating to me as a photographer. These warehouses appear so big. The lights are so massive. or not it's like, the place do I beginning? that's how lots of young photographers feel arising. How do I make this work?"
    ultimate 12 months, Kirk additionally launched Collective Gallery, a nine-week photography college that did not require lessons or gadget from its 5 college students. while citing the work of Harry Benson, Jonathan Mannion and Petra Collins, Kirk taught them a way to find their aspect-of-view and build a robust portfolio. They received hands-on event by using snapping Metro Boomin for Atlanta United.
    "i used to be searching for college students that I may placed on the front line, who have been definitely taking this chance significantly," he says. "They weren't just looking for Cam to inform them a way to get around a celeb. They'd say, 'I want to be trained the technical aspects of photography, and that i want to gain knowledge of the company.'"
    Kirk hopes to relaunch Collective Gallery in 2019 with a sponsor or ambassador, after having paid for the first new release out of pocket. nonetheless, he has already seen his teachings take effect: One graduate, Malik Golar, went on to become Jeezy's full-time photographer. yet another, Jon Canon, always snaps photos of 21 Savage. previous college students have gone from researching at Cam Kirk Studios to reserving it.
    despite his father being a pro photographer himself, Kirk handiest notion to purchase his first digital camera when he desired an image with Wiz Khalifa, who he booked for a live performance at his alma mater Morehouse college. He even entered the native hip-hop scene six years ago as a videographer, when WorldStarHipHop was king, except the advent of Instagram helped understand the storytelling potential of a single photo. From there, Kirk would every now and then be the most effective cameraman posted up in Atlanta live performance picture pits.
    these days, Kirk says that he sees a budding artistic class strolling out and in his doorways, every now and then with their fogeys. He has told at least one sixteen-12 months-historic no longer to skip faculty to shoot at the studio. still, he can't help however be impressed by means of their willingness to take initiative.
    "I consider the artistic community, to me, is getting a great deal younger, making a choice on up on issues at a lots younger age, which is striking," Kirk says. "I mean, at sixteen, when you are already taking pictures at photograph studios, think about you at 24. you are going to be a super expert, killing it, whereas I just begun shooting at 24. just to see kids determining what they may be passionate about early on in lifestyles -- it's in fact exciting to peer that via these doors."

    Penn national Gaming studies list 2nd Quarter revenue from Operations and Exceeds assistance for Adjusted EBITDA

    Image result for penn gaming
    Penn national Gaming, Inc. (penn:Nasdaq) ("Penn countrywide" or the "company") today introduced economic results for the three and six months ended June 30, 2018, and initiated 2018 third quarter counsel.
    Timothy J. Wilmott, Chief govt Officer, commented: "Penn countrywide delivered one other robust quarter during which we exceeded our tips for earnings from operations and adjusted EBITDA. Our solid 2nd quarter outcomes are mostly brought on by equal keep earnings increase at well-nigh two-thirds of our gaming operations and the persisted success of our ongoing margin enhancement initiatives. subsequently, all three of the company's operating segments generated year-over-year adjusted EBITDA increase. Our margin enhancement initiatives, which all started ultimate October, continue to yield consequences, with ongoing focus on procurement, advertising and labor."
    2018 2d Quarter monetary Highlights:

  • web revenues of $826.9 million;
  • revenue from operations of $181.eight million, up 34.6%;
  • Adjusted EBITDA of $247.1 million, up 8.7%;
  • Adjusted EBITDA after master lease payments of $131.2 million, up 15.7%;
  • Adjusted EBITDA margins accelerated through 133 groundwork points to 29.88%, with 18 of 23 gaming operations supplying stronger margins; and
  • reduced natural debt via over $a hundred and twenty million. typical internet debt ratio declined to 1.94x from 2.25x and gross and net leverage inclusive of master lease responsibilities declined to five.21x and 4.99x, respectively, from 5.45x and 5.20x at March 31, 2018.

  • Pinnacle Acquisition update
    Mr. Wilmott continued: "remaining week we secured approvals from the Ohio casino handle fee and the Louisiana Gaming manage Board, area to typical conditions, in reference to our pending acquisition of Pinnacle enjoyment, Inc. (pnk:Nasdaq) ("Pinnacle").
    "Penn country wide had previously received approvals from six different gaming regulatory bodies, discipline to time-honored circumstances, including: the Pennsylvania Gaming manage Board and the Pennsylvania Racing fee; the West Virginia Lottery fee; the Illinois Gaming manage Board, the Mississippi Gaming commission; and the Indiana Gaming commission. moreover, on March 29, shareholders of both Penn countrywide and Pinnacle accredited the proposed merger, with over ninety nine% of all votes solid in want of the transaction.
    "Over the ultimate a few months, we now have labored diligently with Pinnacle's leadership to more advantageous consider the business's lifestyle and procedures and engaged with leaders and group members from all company capabilities. With that talents, we've developed a new company organizational structure that blends proven leaders from both Penn countrywide and Pinnacle, while holding our corporate headquarters in Wyomissing, Pennsylvania, and preserving a big company presence at Pinnacle's Las Vegas-based mostly provider core.
    "according to our growth to date when it comes to regulatory approvals and transition planning, we anticipate closing the transaction in early fourth quarter. additionally, we remain assured our $a hundred million of can charge synergy objectives are well within reach," mentioned Mr. Wilmott.
    recent construction pastime
    "right through the quarter, we entered right into a definitive settlement to acquire the operations of Margaritaville motel casino in Bossier metropolis, Louisiana ("Margaritaville") for about $one hundred fifteen million in a transaction that is anticipated to be automatically accretive to operating effects upon closing," pointed out Mr. Wilmott.
    "Simultaneous with the closing of the transaction, which we anticipate will take place late within the fourth quarter, Penn country wide will enter right into a triple web lease agreement with VICI houses Inc. ("VICI") for Margaritaville. we are joyful to partner with VICI to constitution this tuck-in acquisition of Bossier city's most up-to-date on line casino lodge. With a purchase order diverse of 5.5x trailing twelve months adjusted EBITDA, which we believe will decline to beneath 5.0x after synergies, this acquisition is in step with our standards for transactions that are accretive to free money movement and current well-described paths to the recognition of giant synergies," said Mr. Wilmott.
    "during the 2nd quarter the U.S. Supreme court overturned the Federal ban on sports betting. We anticipate accepting wagers on wearing routine at our casinos in Mississippi, West Virginia, and doubtlessly Pennsylvania, previous to the delivery of the national soccer League's season opener in September," mentioned Mr. Wilmott. in the meantime, we're continuing to have interaction with state lawmakers in our other jurisdictions to advocate for passage of activities having a bet legal guidelines with least expensive tax costs and license expenses, akin to legislations enacted in the West Virginia, Mississippi and Nevada models.
    "In Pennsylvania, as in the past stated, Penn countrywide become the profitable bidder for two of Pennsylvania's new class four 'satellite tv for pc on line casino' licenses, which were created in the course of the gaming expansion legislation authorized closing October. The licenses allow us to operate as much as 750 slot machines and at first as much as 30 table games at every facility. we're at present preparing our purposes for these proposed amenities and may be submitting our first utility to the PGCB via September 12 [th] for a site in southern York County adopted presently thereafter for our region in Berks/Lancaster counties.
    "additionally, previous this month we utilized to the Pennsylvania Gaming handle Board for the approval to operate online on line casino games. regardless of the state's excessive tax expense, we selected to proceed with the hope that we will proceed to work to bring the tax cost according to that of other gaming jurisdictions all over, and if a success, we plan to market the games to our mighty database of on line casino and social gaming shoppers in Pennsylvania.
    continued Debt discount
    "Our robust second quarter working performance enabled us to further delever our stability sheet with the repayment of over $120 million of indebtedness. pro forma for the completion of all announced transactions, we continue to target a net adjusted leverage ratio of 5.0x to 5.5x.
    "Our strong 2d quarter results mirror our endured focal point on using operating efficiencies and producing additional margin growth at our houses. We appear forward to the closing and integration of the top and Margaritaville transactions," concluded Mr. Wilmott.
    abstract of 2nd Quarter consequences
          Three Months Ended
    (in hundreds of thousands, except per share records)
          June 30,         2018 exact       2018 suggestions (three)       2017 specific internet Revenues       $ 826.9       $ 839.9       $ 796.5 internet profits       $ fifty four.0       $ 45.four       $ 17.1 Adjusted EBITDA (1) (2)       $ 247.1       $ 242.7       $ 227.4 much less: grasp lease funds         a hundred and fifteen.9         116.0         114.0 Adjusted EBITDA after grasp rent funds (1) (2)       $ 131.2       $ 126.7       $ 113.4                           Diluted earnings per regular share       $ 0.57       $ 0.forty nine       $ 0.18 1)   during the primary quarter of 2018, the business changed its definition of Adjusted EBITDA to exclude preopening expenses, tremendous transaction costs and the variance between our budgeted and actual fees incurred on money-settled inventory primarily based awards. See note 2 under for the accessories of the definition. We accept as true with these changes will boost comparability with our opponents' definition of Adjusted EBITDA. Prior duration effects have been reclassified to conform to the present period presentation.   2) Adjusted EBITDA is salary (loss) from operations, except for the have an effect on of stock compensation, debt extinguishment and financing expenses, impairment prices, assurance recoveries and deductible expenses, depreciation and amortization, alterations within the estimated fair cost of our contingent buy price duties, benefit or loss on disposal of assets, the difference between finances and specific cost for money-settled inventory-based awards, preopening and critical transaction prices and different profits or charges. Adjusted EBITDA is also inclusive of profits or loss from unconsolidated affiliates, with our share of the non-working objects delivered returned for our three way partnership in Kansas amusement, LLC ("Kansas entertainment" or "Kansas JV"). Adjusted EBITDA excludes payments pursuant to the company's master hire (the "grasp lease") with Gaming and entertainment homes, Inc. ("GLPI"), because the transaction become accounted for as a fin ancing responsibility. See under for reconciliation of the change between suggestions and genuine for the current quarterly period, as well as the reconciliation of GAAP to Non-GAAP measures for additional information.   3) The suggestions figures within the desk above present the guidance Penn national provided on April 26, 2018 for the three months ended June 30, 2018.  
    evaluate of 2nd Quarter 2018 results vs. suggestions
        Three Months Ended June 30, 2018 Pre-tax       After-tax (in thousands) (unaudited)   income, per information (1) $ sixty one,992 $ forty five,422   Adjusted EBITDA variances: Favorable working phase variance 2,814 2,194 different variance, notably as a result of corporate overhead   1,601   1,236 complete adjusted EBITDA variances   four,415   three,430   Depreciation expense variance 1,167 910 money-settled stock-primarily based awards variance (7,800) (6,021) Pre-opening costs (5,879) (four,538) recovery on Jamul personal loan sale sixteen,985 13,111 Debt extinguishment expenses (2,579) (1,991) other variance 929 724 Tax variance   -   2,941 earnings, as stated $ 69,230 $ 53,988 (1)   The tips determine in the table above presents the suggestions Penn countrywide offered on April 26, 2018 for the three months ended June 30, 2018.  
    fiscal advice for the Third Quarter and whole year 2018
    Reflecting the current operating and aggressive environment, the desk beneath units forth full year and third quarter 2018 suggestions aims for fiscal outcomes in accordance with right here assumptions:

  • Excludes any affect regarding the top transaction;
  • No contribution from the business's management contract for casino Rama after mid-July;
  • corporate overhead fees of $78.9 million, with $21.1 million to be incurred in the third quarter;
  • Depreciation and amortization costs of $235.1 million, with $fifty eight.four million within the third quarter;
  • hire payments to GLPI of $461.7 million, with $a hundred and fifteen.9 million within the third quarter which remains absolutely tax deductible;
  • maintenance capital fees of $103.6 million, with $45.2 million in the third quarter;
  • cash pastime on typical debt of $57.9 million, with $20.6 million in the third quarter;
  • hobby expense of $468.5 million, with $a hundred and fifteen.6 million in the third quarter, inclusive of interest fee concerning the master hire financing obligation with GLPI;
  • activity cost contains the affect of the five-12 months variable employ reset involving the master lease valuable November 1, 2018, which reduces 2018 annual rent by way of $1.9 million;
  • activity rate additionally contains $0.9 million related to the maximum escalation it truly is projected to be incurred on the conclusion of yr 5 of the master lease on October 31, 2018;
  • cash taxes of $32.7 million, with $14.7 million within the third quarter;
  • Our share of non-operating items (equivalent to depreciation and amortization fee) associated with our Kansas JV will total $5.1 million, with $1.three million to be incurred within the third quarter;
  • Estimated non-cash stock compensation costs of $11.6 million, with $2.eight million to be incurred in the third quarter;
  • LIBOR is in accordance with the ahead yield curve;
  • A diluted share count of approximately ninety four.0 million shares for the full year; and,
  • There can be no material changes in applicable law, regulatory environment, world routine, climate, fresh buyer tendencies, economic circumstances, oil expenses, aggressive panorama (other than listed above) or different instances beyond our handle that can also adversely have an effect on the business's results of operations.
  •           Three Months Ending September 30, Full year Ending December 31, 2018
    actual (1)
    2018 RevisedGuidance
    2018 PriorGuidance (2)
    2017 exact (1)
    (in tens of millions, except per share information) web revenues $ 807.1 $ 806.2 $ three,219.0 $ three,235.7   $ 3,148.0   net revenue $ 40.eight $ 789.3 $ 164.1 $ 151.2 $ 473.5 profits tax provision 12.7 (759.1) 51.0 fifty four.three (498.5) different - 0.three three.5 0.8 26.2 profits from unconsolidated associates (5.5) (four.7) (22.0) (21.5) (18.7) pastime revenue (0.2) (0.three) (0.9) (1.0) (3.6) interest rate   a hundred and fifteen.6   118.2   468.5   471.6   466.8 salary from operations $ 163.four $ 143.7 $ 664.2 $ 655.four $ 445.7 Loss (profit) on disposal of belongings 0.1 0.1 0.2 0.3 0.2 Impairment losses - 24.3 (16.four) 0.6 107.8 assurance recoveries - - - - (0.three) cost for inventory compensation 2.eight 1.9 11.6 11.four 7.7 Contingent buy fee 0.4 (20.7) 2.1 2.four (6.eight) cash-settled stock award variance - 1.6 0.three (7.5) 23.5
    Pre-opening and important transaction fees
    - 1.eight 12.0 6.1 9.7 Depreciation and amortization 58.four sixty six.5 235.1 235.8 267.0 earnings from unconsolidated associates 5.5 four.7 22.0 21.5 18.7 Non-operating items for Kansas JV   1.3   1.three   5.1   5.2   5.9 Adjusted EBITDA $ 231.9 $ 225.2 $ 936.2 $ 931.2 $ 879.1 grasp rent payments   (a hundred and fifteen.9)   (114.5)   (461.7)   (461.eight)   (455.four) Adjusted EBITDA, after master lease funds $ 116.0 $ one hundred ten.7 $ 474.5 $ 469.four $ 423.7   Diluted profits per ordinary share $ 0.forty four $ 8.43 $ 1.seventy five $ 1.sixty two $ 5.07 (1)   The assistance table above contains prior duration genuine efficiency for the comparative duration. (2) The information figures within the table above existing the assistance Penn country wide supplied on April 26, 2018 for the three months ended June 30, 2018.  
    section information – Operations
    (in thousands) (unaudited)
                                  internet REVENUES revenue FROM OPERATIONS ADJUSTED EBITDA Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30,   2018     2017   2018           2017   2018           2017 Northeast (1) $ 422,988 $ 405,099 $ 121,746 $ 108,119 $ 136,927 $ 129,876 South/West (2) 163,370 153,151 fifty five,352 20,062 forty six,648 35,049 Midwest (3) 230,460 224,847 sixty three,646 59,283 seventy nine,010 75,490 other (4)   10,095   13,366   (fifty eight,989)   (fifty two,475)   (15,479)   (13,011) total $ 826,913 $ 796,463 $ 181,755 $ 134,989 $ 247,106 $ 227,404         net REVENUES income FROM OPERATIONS ADJUSTED EBITDA Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30,   2018   2017   2018   2017   2018   2017 Northeast (1) $ 837,a hundred and fifty five $ 798,564 $ 237,437 $ 210,752 $ 268,934 $ 256,451 South/West (2) 324,665 292,970 91,238 47,one hundred eighty ninety one,697 71,390 Midwest (three) 460,545 453,185 129,163 120,813 one hundred sixty,a hundred sixty five 153,596 different (four)   20,633   27,968   (103,949)   (103,469)   (31,a hundred and forty four)   (26,588) total $ 1,642,998 $ 1,572,687 $ 353,889 $ 275,276 $ 489,652 $ 454,849 (1)   The Northeast reportable phase incorporates here houses: Hollywood casino at Charles town Races, Hollywood on line casino Bangor, Hollywood on line casino at Penn national Race direction, Hollywood casino Toledo, Hollywood casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race route, and Plainridge Park casino. It also comprises the company's casino Rama management provider contract (which terminated on July 18, 2018). throughout the three months ended June 30, 2018, web revenues had been $21.1 million greater due to reimbursable charges associated with our management carrier contract for on line casino Rama following the implementation of the brand new earnings accounting commonplace helpful January 1, 2018.   (2) The South/West reportable segment incorporates here homes: Zia Park casino, Hollywood casino Tunica, Hollywood casino Gulf Coast, Boomtown Biloxi, the M hotel, Tropicana Las Vegas, and 1 [st] Jackpot casino Tunica (f/ok/a Bally's casino Tunica) and hotels on line casino Tunica, which were bought on may additionally 1, 2017. The South/West segment results for the three months ending June 30, 2017, consist of revenue from our may additionally 1, 2017 acquisition of Bally's/motels in Tunica of $2.8 million, inclusive of acquisition related costs of $0.5 million.   (3) The Midwest reportable section carries the following houses: Hollywood casino Aurora, Hollywood casino Joliet, Argosy casino Alton, Argosy casino Riverside, Hollywood casino Lawrenceburg, Hollywood on line casino St. Louis, Prairie State Gaming, and comprises the business's 50% investment in Kansas leisure, which owns the Hollywood on line casino at Kansas Speedway.   (4) The different category contains the company's standalone racing operations, particularly Sanford-Orlando Kennel club, and the enterprise's joint venture hobbies in Sam Houston Race Park, Valley Race Park, and Freehold Raceway. If the enterprise is a success in acquiring gaming operations at these locations, they might be assigned to some of the enterprise's regional executives and pronounced in their respective reportable section. The other category additionally comprises Penn Interactive Ventures, the business's interactive division which represents Penn countrywide's social gaming initiatives, together with Rocket velocity, Inc.  
    The other class also contains the company's company overhead fees, that have been $18.6 million and $37.four million and $17.7 million and $36.0 million for the three and 6 months ended June 30, 2018 and 2017, respectively.
    Reconciliation of related GAAP fiscal Measures To
    Adjusted EBITDA
    (in thousands) (unaudited)
      Three Months Ended June 30,       March 31, December 31, September 30, June 30,   2018         2018         2017         2017         2017 net income $ fifty three,988 $ forty five,437 $ (338,060) $ 789,340 $ 17,079 earnings tax provision (improvement) 15,242 15,689 252,134 (759,064) 6,225 other 2,627 878 628 236 173 profits from unconsolidated associates (5,734) (5,361) (4,321) (4,781) (5,021) hobby salary (241) (249) (367) (304) (235) pastime price   a hundred and fifteen,873         115,740         116,761         118,236         116,768 profits from operations $ 181,755 $ 172,134 $ 26,775 $ 143,663 $ 134,989 Loss (profit) on disposal of assets (fifty two) fifty five 70 ninety six 52 cost for inventory compensation 3,003 2,929 1,953 1,853 1,801 Contingent purchase expense 202 1,134 9,953 (20,716) 1,362 cash-settled inventory award variance 7,800 (7,462) 10,632 1,583 6,092 Pre-opening and significant transaction expenses 5,879 6,093 5,138 1,848 2,174
    recuperation/provision for mortgage loss and unfunded loancommitments to the JIVDC and impairment losses (1)
    (16,985) 618 seventy seven,858 24,317 5,635 Depreciation and amortization 58,559 60,390 sixty one,374 66,483 sixty eight,969 insurance recoveries (sixty eight) - (289) - - income from unconsolidated associates 5,734 5,361 four,321 four,781 5,021 Non-working gadgets for Kansas JV   1,279         1,294         1,296         1,310         1,309 Adjusted EBITDA $ 247,106       $ 242,546       $ 199,081       $ 225,218       $ 227,404 grasp rent funds   (115,916)         (one hundred fifteen,874)         (114,532)         (114,489)         (113,968) Adjusted EBITDA, after grasp lease payments $ 131,one hundred ninety       $ 126,672       $ eighty four,549       $ a hundred and ten,729       $ 113,436 1)   A personal loan loss recuperation of $17.0 million became recorded right through the three months ended June 30, 2018 on the sale of our Jamul loan. This in comparison with provisions of $77.9 million, $6.three million and $5.6 million for the three months ended December 31, 2017, September 30, 2017 and June 30, 2017, respectively. Goodwill impairment expenses of $18.0 million were additionally recorded for the three months ended September 30, 2017.         Six Months Ended June 30,   2018           2017 internet profits $ ninety nine,425 $ 22,183 revenue tax provision 30,931 eight,423 other three,505 25,356 revenue from unconsolidated associates (11,095) (9,569) activity earnings (490) (2,881) activity rate   231,613   231,764 salary from operations $ 353,889 $ 275,276 benefit (loss) on disposal of belongings three 7 can charge for inventory compensation 5,932 three,974 Contingent buy fee 1,337 3,922 money-settled stock award variance 338 11,256 Pre-opening and demanding transaction expenses 11,972 2,745 Impairment prices (16,367) 5,635 Depreciation and amortization 118,949 139,205 coverage recoveries (68) - revenue from unconsolidated associates eleven,095 9,569 Non-operating objects for Kansas JV   2,572   three,260 Adjusted EBITDA $ 489,652 $ 454,849 master lease payments   (231,790)   (226,418) Adjusted EBITDA, after master hire funds $ 257,862 $ 228,431                              
    Reconciliation of comparable GAAP monetary Measures To
    Adjusted EBITDA by means of phase
     (in heaps) (unaudited)
    Three Months Ended June 30, 2018
      Northeast South/West Midwest other complete profits (loss) from operations $ 121,746 $ 55,352 $ 63,646 $ (58,989) $ 181,755 can charge for inventory compensation - - - three,003 three,003
    healing for loan loss and unfundedloan commitments to the JIVDC
    - (16,985) - - (16,985) assurance recoveries - (68) - - (sixty eight) Depreciation and amortization 14,911 eight,396 eight,012 27,240 58,559 Loss (profit) on disposal of property (32) (47) 32 (5) (52) Contingent buy cost 302 - (100) - 202 cash-settled stock award variance - - - 7,800 7,800 Pre-opening and demanding transaction charges - - - 5,879 5,879 profits (loss) from unconsolidated affiliates - - 6,141 (407) 5,734 Non-working objects for Kansas JV   -   -   1,279   -   1,279 Adjusted EBITDA $ 136,927 $ 46,648 $ seventy nine,010 $ (15,479) $ 247,106                              
    Three Months Ended June 30, 2017
      Northeast South/West Midwest different total salary (loss) from operations $ 108,119 $ 20,062 $ 59,283 $ (fifty two,475) $ 134,989 cost for inventory compensation - - - 1,801 1,801 Provision for personal loan loss to the JIVDC - 5,635 - - 5,635 Depreciation and amortization 21,525 9,353 9,508 28,583 68,969 Loss (benefit) on disposal of belongings (forty five) (1) 88 10 fifty two Contingent buy expense 277 - 16 1,069 1,362 cash-settled inventory award variance - - - 6,092 6,092 Pre-opening and critical transaction prices - - - 2,174 2,174 profits from unconsolidated affiliates - - 5,286 (265) 5,021 Non-operating gadgets for Kansas JV   -   -   1,309   -   1,309 Adjusted EBITDA $ 129,876 $ 35,049 $ 75,490 $ (13,011) $ 227,404                              
    Six Months Ended June 30, 2018
      Northeast South/West Midwest other complete income (loss) from operations $ 237,437 $ ninety one,238 $ 129,163 $ (103,949) $ 353,889 cost for inventory compensation - - - 5,932 5,932
    restoration for personal loan loss and unfunded loancommitments to the JIVDC and impairment losses
    - (16,985) - 618 (16,367) insurance recoveries - (sixty eight) - - (68) Depreciation and amortization 30,083 17,553 16,498 54,815 118,949 Loss (gain) on disposal of property 10 (41) 45 (11) three Contingent buy price 1,404 - (67) - 1,337 cash-settled inventory award variance - - - 338 338 Pre-opening and critical transaction costs - - - 11,972 eleven,972 salary (loss) from unconsolidated associates - - eleven,954 (859) eleven,095 Non-working objects for Kansas JV   -   -   2,572   -   2,572 Adjusted EBITDA $ 268,934 $ ninety one,697 $ one hundred sixty,a hundred sixty five $ (31,144) $ 489,652                              
    Six Months Ended June 30, 2017
      Northeast South/West Midwest different total profits (loss) from operations $ 210,752 $ forty seven,one hundred eighty $ one hundred twenty,813 $ (103,469) $ 275,276 charge for stock compensation - - - three,974 three,974 Provision for loan loss to the JIVDC - 5,635 - - 5,635 Depreciation and amortization 44,548 18,570 19,179 56,908 139,205 Loss (gain) on disposal of assets (31) 5 29 4 7 Contingent purchase rate 1,182 - 25 2,715 three,922 money-settled stock award variance - - - eleven,256 11,256 Pre-opening and significant transaction costs - - - 2,745 2,745 earnings (loss) from unconsolidated associates - - 10,290 (721) 9,569 Non-working gadgets for Kansas JV   -   -   three,260   -   3,260 Adjusted EBITDA $ 256,451 $ 71,390 $ 153,596 $ (26,588) $ 454,849              
    Consolidated Statements of Operations
    (in heaps, apart from per share records) (unaudited)
      Three Months Ended June 30, Six Months Ended June 30,   2018           2017   2018           2017   Revenues Gaming (1) $ 665,094 $ 680,979 $ 1,319,588 $ 1,342,235 meals, beverage, inn and other (1) 133,664 152,148 264,633 299,889 administration provider and licensing charges 2,968 2,932 5,406 5,259 Reimbursable administration charges (1)   25,187   6,387   53,371   13,145 Revenues 826,913 842,446 1,642,998 1,660,528 less promotional allowances (1)   -   (forty five,983)   -   (87,841) internet revenues   826,913   796,463   1,642,998   1,572,687   working prices Gaming (1) 350,694 345,156 691,210 677,209 food, beverage, inn and other (1) 95,112 105,231 188,092 206,306 general and administrative 132,659 a hundred thirty,096 253,922 255,911 Depreciation and amortization fifty eight,559 sixty eight,969 118,949 139,205 Reimbursable administration charges (1) 25,187 6,387 fifty three,371 13,a hundred forty five
    recuperation/provision for mortgage loss and unfunded
    mortgage commitments to the JIVDC and impairment losses
    (16,985) 5,635 (sixteen,367) 5,635 insurance recoveries   (sixty eight)   -   (sixty eight)   complete working prices   645,158   661,474   1,289,109   1,297,411 earnings from operations   181,755   134,989   353,889   275,276   other salary (fees) interest expense (one hundred fifteen,873) (116,768) (231,613) (231,764) hobby revenue 241 235 490 2,881 revenue from unconsolidated affiliates 5,734 5,021 11,095 9,569 Loss on early extinguishment of debt (2,579) - (three,461) (23,390) other   (forty eight)   (173)   (44)   (1,966) total other costs   (112,525)   (111,685)   (223,533)   (244,670)   salary from operations before profits taxes sixty nine,230 23,304 one hundred thirty,356 30,606 profits tax provision   15,242   6,225   30,931   8,423 web salary $ fifty three,988 $ 17,079 $ 99,425 $ 22,183   revenue per common share: fundamental earnings per usual share $ 0.fifty nine $ 0.19 $ 1.09 $ 0.24 Diluted income per commonplace share $ 0.57 $ 0.18 $ 1.05 $ 0.24   Weighted-typical common shares spectacular: basic ninety one,468 ninety,928 ninety one,330 90,840 Diluted 94,995 93,239 ninety four,834 ninety two,543 1)   Penn adopted Accounting standards Codification (ASC) No. 606 "revenue from Contracts with consumers" on January 1, 2018 the usage of the modified retrospective system which impacts the comparability of those line objects. See the following web page of this unencumber for further details.  
    Supplemental assistance
    (in lots) (unaudited)
    2018 impact of Adopting New revenue general
    Three MonthPeriod EndedJune 30, 2018As stated
    Balances WithoutAdoption ofASC 606
    effect of ChangeHigher / (decrease)
    Six MonthPeriod EndedJune 30, 2018As stated
    Balances WithoutAdoption ofASC 606
    effect of ChangeHigher / (reduce)
        Revenues Gaming (1), (2) $ 665,094 $ 699,955 $ (34,861) $ 1,319,588 $ 1,386,669 $ (67,081) food, beverage, lodge and different (2), (4) 133,664 a hundred and fifty,231 (16,567) 264,633 296,715 (32,082) management service and license expenses 2,968 2,968 - 5,406 5,406 - Reimbursable administration costs (three)   25,187   4,119   21,068   fifty three,371   10,459   42,912 Revenues 826,913 857,273 (30,360) 1,642,998 1,699,249 (56,251) less: promotional allowances (2)   -   (42,154)   42,154   -   (eighty two,417)   82,417 web revenues 826,913 815,119 11,794 1,642,998 1,616,832 26,166   working expenses Gaming (1) 350,694 350,286 408 691,210 689,774 1,436 food, beverage, hotel and other (four) ninety five,112 104,978 (9,866) 188,092 206,918 (18,826) conventional and administrative 132,659 132,659 - 253,922 253,922 - Reimbursable administration fees (3) 25,187 four,119 21,068 53,371 10,459 forty two,912 Depreciation and amortization fifty eight,559 58,559 - 118,949 118,949 - Impairment losses (16,985) (sixteen,985) - (16,367) (16,367) - insurance recoveries   (68)   (68)   -   (68)   (sixty eight)   - total operating charges   645,158   633,548   11,610   1,289,109   1,263,587   25,522 profits from operations 181,755 181,571 184 353,889 353,245 644 1)   the brand new salary normal modified the accounting for loyalty rewards earned by our customers. The company is now required to defer income on the estimated standalone selling rate of the loyalty rewards as they're earned with the aid of our consumers and admire profits when the rewards are redeemed. ahead of the adoption of the new revenue typical, the estimated liability for unredeemed rewards changed into accrued in keeping with the estimated charges of the provider or merchandise to be offered.   2) the new salary normal changed the accounting for promotional allowances. The enterprise is no longer authorised to document salary for goods and features offered to customers for free of charge as an inducement to gamble as gross income with a corresponding reduction in promotional allowances to arrive at internet revenues (discretionary comps). the new earnings regular requires complimentaries involving an inducement to gamble to be recorded as a reduction to gaming revenues, and as such promotional allowances are no longer netted on our condensed consolidated statements of income. in addition, the brand new salary regular changed the accounting for promotional allowances with respect to non-discretionary complimentaries (i.e. a consumer's redemption of loyalty aspects). beneath the brand new revenue common, the company is no longer accepted to record profits for items and functions offered to a client due to loyalty reward redemptions with a corresponding discount in prom otional allowances to reach at web salary. As such, promotional allowances related to a customer's redemption of loyalty rewards is no longer netted on our condensed consolidated statements of revenue.   three) the new income common modified the accounting for reimbursable charges linked to our management provider contract for casino Rama. under the new income commonplace, reimbursable charges, which primarily consist of payroll costs, need to be identified as revenue on a gross foundation, with an offsetting volume charged to reimbursable administration charges inside working expenses. prior to the adoption of the new income usual, we recorded these reimbursable amounts on a web basis, and as such they have been now not recorded in revenues or operating expenses.   four) the new earnings regular modified the accounting for racing revenues. beneath the brand new income usual, we aren't the controlling entity to the arrangement(s), but fairly characteristic as an agent to the pari-mutuel pool. As such, charges and duties involving the enterprise's share of purse funding necessities, simulcasting fees, tote charges, definite pari-mutuel taxes and different prices at once involving our racing operations must be mentioned on a web basis and covered as a deduction to food, beverage, lodge and different revenue. previous to the adoption of the brand new revenue general, we recorded these prices and duties in meals, beverage, resort and different rate.                                       June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 June 30, 2017   cash and money equivalents $ 201,085 $ 217,997 $ 277,953 $ 264,907 $ 224,399   bank debt $ 567,350 $ 688,251 $ 730,788 $ 798,608 $ 812,002 Notes 399,291 399,270 399,249 399,229 399,208 other long run tasks (1)   111,814   112,124   a hundred and twenty,200   a hundred and twenty,855   127,488 complete natural debt $ 1,078,455 $ 1,199,645 $ 1,250,237 $ 1,318,692 $ 1,338,698   normal internet debt $ 877,370 $ 981,648 $ 972,284 $ 1,053,785 $ 1,114,299 1)   other long-time period obligations at June 30, 2018 include $98.four million for the present price of the relocation costs due for each Hollywood Gaming at Dayton Raceway and Hollywood Gaming at Mahoning Valley Race path, and $13.2 million concerning our reimbursement duty on a hotel and experience core observed close Hollywood casino Lawrenceburg.  
    The business's definition of adjusted EBITDA provides back our share of the have an impact on of non-operating gadgets (reminiscent of depreciation and amortization) at our joint ventures that have gaming operations. at this time, Kansas entertainment, the operator of Hollywood on line casino at Kansas Speedway, is Penn national's handiest joint venture that meets this definition. Kansas amusement doesn't presently have, nor has it ever had, any indebtedness. The table beneath gifts money stream distributions we have bought from this investment for the three and six months ended June 30, 2018 and 2017.
        Three Months Ended June 30,       Six Months Ended June 30,   2018         2017   2018         2017   money circulate distributions $ 6,800 $ 7,250 $ 13,300 $ 13,000  
    The desk below summarizes certain cash costs incurred by means of the company all over the periods offered during this revenue free up.
        Three Months Ended June 30,       Six Months Ended June 30,   2018         2017   2018         2017   grasp rent condominium funds $ 115,916 $ 113,968 $ 231,790 $ 226,418 cash income tax (refunds)/payments 4,274 3,645 6,507 (5,659) money interest cost on common debt eight,262 7,923 30,455 24,503 preservation capital bills 20,695 17,309 31,297 28,287  
    Share Repurchase program
    Reflecting the repurchase of 1,264,149 average shares for $24,770,470 in the twelve month period ended December 31, 2017, Penn countrywide has the authority to repurchase up to an further $75.2 million of its standard shares with the aid of February 2019.
    Non-GAAP Measures
    moreover GAAP financial measures, adjusted EBITDA and adjusted EBITDA after master lease payments are used via management as crucial measures of the company's operating efficiency.
    We outline adjusted EBITDA as income earlier than hobby, taxes, inventory compensation, debt extinguishment and financing costs, impairment costs, coverage recoveries and deductible charges, depreciation and amortization, adjustments in the estimated fair value of our contingent purchase expense tasks, benefit or loss on disposal of belongings, the change between budget and precise expense for cash-settled inventory-based mostly awards, preopening and critical transaction costs and other revenue or charges. Adjusted EBITDA is also inclusive of income or loss from unconsolidated associates, with our share of non-operating gadgets (akin to depreciation and amortization) brought back for our joint venture in Kansas leisure. Adjusted EBITDA excludes funds linked to our master rent settlement with GLPI because the transaction changed into accounted for as a financing obligation.
    all the way through the first quarter of 2018, we changed the definition of Adjusted EBITDA to exclude preopening costs, big transaction charges and the variance between our budgeted and precise charges incurred on cash-settled inventory based awards which can be required to be marked to market every reporting duration. We decided to exclude preopening charges and important transaction costs to more carefully align the enterprise's calculation of Adjusted EBITDA with our opponents. Preopening expenses and significant transaction expenses are additionally excluded from adjusted EBITDA for bonus calculation functions. we now have excluded the favorable or unfavorable change between the budgeted cost and specific expense for our cash-settled inventory-based mostly awards because it is non-operational in nature. additionally, this variance is excluded from adjusted EBITDA for bonus calculation applications. In reference to the change to the definition of Adjusted EBITDA, we reclassified our prior period results to conform to the present period presentation.
    Adjusted EBITDA has economic substance because it is used by using management as a performance measure to research the efficiency of our business, and is principally significant in evaluating giant, lengthy lived casino tasks as a result of they supply a standpoint on the latest effects of working choices separated from the titanic non-operational depreciation costs and financing fees of such initiatives. We additionally current adjusted EBITDA because it is used by some buyers and collectors as an indicator of the electricity and performance of ongoing business operations, together with our potential to service debt, fund capital bills, acquisitions and operations. These calculations are primary as a foundation for buyers, analysts and credit standing businesses to evaluate and evaluate working performance and price groups within our business. in addition, gaming agencies have historically reported adjusted EBITDA as a supplement to economic measures in accordance with GA AP. so as to view the operations of their casinos on a extra stand-alone groundwork, gaming organizations, including us, have traditionally excluded from their adjusted EBITDA calculations certain company costs that don't relate to the management of specific on line casino residences. although, adjusted EBITDA is not a measure of performance or liquidity calculated based on GAAP. Adjusted EBITDA counsel is offered as a supplemental disclosure, as administration believes that it is a well-known measure of performance within the gaming industry, is used within the valuation of gaming companies, and that it is considered via many to be a key indicator of the enterprise's operating effects. management uses adjusted EBITDA as a crucial measure of the operating efficiency of its segments, including the evaluation of working personnel. Adjusted EBITDA should still no longer be construed as a substitute for working salary, as an indicator of the company's working performance, as a substitute for money flows from operating actions, as a measure of liquidity, or as every other measure of efficiency determined according to GAAP. The enterprise has gigantic uses of money flows, together with capital expenses, interest funds, taxes and debt main repayments, which aren't reflected in adjusted EBITDA. it should even be stated that different gaming companies that file adjusted EBITDA information may additionally calculate adjusted EBITDA in a distinct method than the enterprise and for this reason, comparability may be restrained.
    Adjusted EBITDA after master rent funds is a measure we trust offers positive assistance to investors since it is an indicator of the efficiency of ongoing company operations after incorporating the money move impact of grasp lease funds to GLPI. furthermore, adjusted EBITDA after master hire funds is the metric that our govt management group is measured in opposition t for incentive primarily based compensation purposes.
    A reconciliation of the enterprise's web profits (loss) per GAAP to adjusted EBITDA, as well because the company's revenue (loss) from operations per GAAP to adjusted EBITDA, is protected above. additionally, a reconciliation of every phase's profits (loss) from operations to adjusted EBITDA is also blanketed above. On a phase level, revenue (loss) from operations per GAAP, in place of internet income (loss) per GAAP is reconciled to adjusted EBITDA because of, amongst different things, the impracticability of allocating activity price, pastime earnings, profits taxes and likely other items to the enterprise's segments on a segment by segment basis. administration believes that this presentation is greater meaningful to buyers in evaluating the efficiency of the business's segments and is per the reporting of alternative gaming companies.
    conference name, Webcast and Replay particulars
    Penn countrywide Gaming is internet hosting a convention call and simultaneous webcast at 9:00 am ET nowadays, each of which can be open to the accepted public. The conference call quantity is 303/223-0118. Please name five minutes in boost to ensure that you are connected in advance of the presentation. Questions might be reserved for name-in analysts and traders. fascinated events may also access the are living call on the cyber web at Please enable quarter-hour to register and down load and install any critical utility. A replay of the name will also be accessed for thirty days on the cyber web at
    This press liberate, which comprises financial guidance to be discussed by means of administration all over the conference name and disclosure and reconciliation of non-GAAP fiscal measures, is attainable on the enterprise's net web site,, in the "buyers" area (select hyperlink for "Press Releases").
    About Penn countrywide Gaming
    Penn countrywide Gaming owns, operates or has ownership interests in gaming and racing amenities and video gaming terminal operations with a spotlight on slot computer amusement. At June 30, 2018, the company operated twenty-eight facilities in sixteen jurisdictions, together with Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada. At June 30, 2018, in aggregate, Penn country wide Gaming operated approximately 34,a hundred gaming machines, 770 table video games and four,800 lodge rooms. The company also presents social on-line gaming via its Penn Interactive Ventures division.
    essential additional information
    In connection with the proposed transaction, on February 8, 2018, Penn filed with the Securities and alternate fee (the "SEC") a registration remark on kind S-four that consists of a joint proxy commentary of Penn and Pinnacle and also constitutes a prospectus of Penn (the "joint proxy remark/prospectus"). The registration commentary became declared useful by using the SEC on February 28, 2018 and Penn and Pinnacle commenced mailing the definitive joint proxy statement/prospectus to their respective shareholders and stockholders on February 28, 2018. This conversation does not represent a proposal to sell or the solicitation of a proposal to purchase any securities or a solicitation of any vote or approval. Shareholders of Penn and stockholders of Pinnacle are advised to study the definitive joint proxy statement/prospectus involving the proposed transaction and every other vital files filed or that can be filed with the SEC, in addition to any amendments or supple ments to those files, as a result of they contain or will include critical information. investors might also reap a free reproduction of the registration remark and the joint proxy statement/prospectus, as well as different filings containing counsel about Penn and Pinnacle, without charge, on the SEC's web page at Copies of the files filed with the SEC via Penn may also be received, for free of charge, through directing a request to Justin Sebastiano, Penn country wide Gaming, Inc., 825 Berkshire Boulevard, Suite 200, Wyomissing, Pennsylvania 19610, Tel. No. (610) 401-2029. Copies of the documents filed with the SEC by Pinnacle may also be got, for gratis, through directing a request to Vincent Zahn, Pi nnacle leisure, Inc., 3980 Howard Hughes Parkway, Las Vegas, Nevada 89169, Tel. No. (702) 541-7777.
    forward-looking Statements
    This press liberate incorporates ahead-looking statements in the meaning of the deepest Securities Litigation Reform Act of 1995. These statements may also be identified by the use of forward searching terminology reminiscent of "expects," "believes," "estimates," "projects," "intends," "plans," "seeks," "may," "will," "should" or "anticipates" or the terrible or different diversifications of these or an identical phrases, or by way of discussions of future hobbies, suggestions or dangers and uncertainties. certainly, ahead-searching statements may also consist of, among others, statements concerning: our expectations of future effects of operations and monetary circumstance; expectations for our homes or our building projects; the timing, cost and expected affect of deliberate capital charges on our outcomes of operations; our expectations in regards to the have an impact on of competition; our expectations in regards to acquisi tions and development alternatives, as smartly because the integration of any corporations we now have obtained or can also acquire; the result and monetary have an effect on of the litigation in which we are or should be periodically concerned; the movements of regulatory, legislative, executive or judicial decisions at the federal, state or local degree with regard to our enterprise and the have an effect on of the sort of actions; our ability to preserve regulatory approvals for our present corporations and to acquire regulatory approvals for our new groups; our expectations relative to margin development initiatives; our expectations regarding financial and purchaser conditions; and our expectations for the persevered availability and cost of capital. due to this fact, exact effects may additionally fluctuate materially from expectations. despite the fact the business believes that its expectations are based on low-priced assumptions inside the bounds of its skills of it s company, there may also be no assurance that genuine effects will no longer differ materially from our expectations. significant components that might trigger actual outcomes to differ from expectations encompass, but aren't confined to, risks related to the following: the assumptions covered in our economic advice; the capability of our operating teams to pressure profits and margins; the have an effect on of gigantic competition from different gaming and enjoyment operations; our ability to obtain well timed regulatory approvals required to personal, advance and/or function our facilities, or other delays, approvals or impediments to finishing our planned acquisitions or initiatives, building elements, including delays, and extended expenses; the passage of state, federal or local law (together with referenda) that would extend, preclude, additional tax, steer clear of or negatively impact operations in or adjoining to the jurisdictions by which we do or are trying to fi nd to do business (similar to a smoking ban at any of our facilities or the award of additional gaming licenses proximate to our facilities); the effects of local and national financial, credit score, capital market, housing, and energy situations on the financial system in regularly occurring and on the gaming and lodging industries in specific; the activities of our competitors and the fast emergence of new competitors (traditional, information superhighway, social, sweepstakes primarily based and VGTs in bars and truck stops); raises in the advantageous cost of taxation for any of our operations or at the company level; our ability to determine attractive acquisition and development opportunities (certainly in new enterprise traces) and to conform to phrases with, and maintain decent relationships with companions/municipalities for such transactions; the prices and dangers involved in the pursuit of such opportunities and our capacity to finished the acquisition or constr uction of, and obtain the anticipated returns from, such alternatives; our skill to preserve market share in centered markets and to continue to ramp up operations at our currently opened facilities; our expectations for the persevered availability and value of capital; the have an effect on of climate; alterations in accounting standards; the chance of failing to maintain the integrity of our guidance expertise infrastructure and defend our business, worker and customer facts; components which may cause the business to curtail or suspend the proportion repurchase program; with respect to our Plainridge Park casino in Massachusetts, the most beneficial location and timing of the other gaming amenities in the state and the place; with admire to our interactive gaming endeavors, risks related to the graduation of real funds online gaming within the state of Pennsylvania, large competitors in the social gaming business, employee retention, cyber-security, statistics privacy, in tellectual property and prison and regulatory challenges, in addition to our capability to efficiently increase imaginative items that attract and maintain a major number of players to be able to grow our revenues and revenue; with appreciate to Illinois Gaming investors, LLC, d/b/a Prairie State Gaming, hazards regarding potential changes within the VGT legal guidelines, our capacity to efficiently compete within the VGT market, our capacity to hold latest purchasers and relaxed new valued clientele, hazards relating to municipal authorization of VGT operations and the implementation and the ultimate success of the products and features being offered; with admire to our proposed Pennsylvania casinos in York and Berks or Lancaster Counties, dangers concerning the superior area of alternative gaming amenities in the state; dangers concerning the acquisition of Pinnacle via Penn countrywide and the integration of the companies and belongings to be received; the chance that the proposed transaction does not shut when anticipated or in any respect as a result of required regulatory or other approvals aren't got or different situations to the closing don't seem to be convinced on a timely basis or at all; the risk that the financing required to fund the transaction is not got on the terms predicted or in any respect; the opportunity that the Boyd Gaming corporation and/or GLPI offers do not close in a well timed fashion or in any respect; abilities opposed reactions or changes to company or worker relationships, including those on account of the announcement or completion of the transaction; potential litigation difficult the transaction; the chance that the anticipated benefits of the transaction are not realized when expected or in any respect, together with as a result of the have an effect on of, or issues arising from, the mixing of both companies; the opportunity that the expected divestitures don't seem to be accomplished within the expected timeframe or at all; the chance that extra divestitures may well be required; the probability that the transaction could be more expensive to finished than anticipated, together with on account of surprising components or events; diversion of management's attention from ongoing enterprise operations and opportunities; litigation concerning the transaction; and hazards associated with extended leverage from the transaction; with admire to our management contract at on line casino Rama, dangers relating to the transition of administration of this facility on July 18, 2018 to a newly selected operator; with respect to our pending acquisition of the Margaritaville operations, the opportunity that the proposed transaction doesn't shut when expected or in any respect as a result of required regulatory or other approvals don't seem to be received or other circumstances to the closing are not convinced on a well timed foundation or at all; skills antagonistic reactions or changes to company or worker relationships, together with those resulting from the announcement or completion of the transaction; skills litigation challenging the transaction; the probability that the predicted benefits of the transaction aren't realized when expected or at all, including on account of the impact of, or issues coming up from, the integration of the businesses and our capability to realize competencies synergies or projected monetary consequences; with recognize to our proposed activities having a bet operations, risks relating to entering into a new line of enterprise, together with our potential to establish relationships with key companions or carriers and generate ample returns on funding, in addition to dangers concerning abilities law in numerous jurisdictions; and other factors as mentioned within the enterprise's Annual report on kind 10-okay for the 12 months ended December 31, 2017, subsequent Quarterly stories on form 10-Q and latest studies on form eig ht-ok, each as filed with the USA Securities and trade commission. The enterprise doesn't intend to update publicly any ahead-searching statements except as required through law. In mild of those risks, uncertainties and assumptions, the ahead-looking activities mentioned during this press release may additionally no longer take place.
    View supply edition on
    source: Penn countrywide Gaming, Inc.
    Penn country wide Gaming, Inc.William J. fair, 610/373-2400Chief economic OfficerorJCIRJoseph N. Jaffoni, Richard Land, 212/
    Copyright company Wire 2018

    Microsoft releases two new home windows 10 previews with mixed truth, edge, time, update, and gaming advancements

    Microsoft nowadays released two new home windows 10 previews for PCs. the primary build is from the RS5 department, which represents the home windows 10 replace the enterprise plans to free up later this yr, and the 2d is from the 19H1 department, which, as its name indicates, will arrive within the first half of subsequent yr.
    It's rare for the home windows Insider program to get two new builds on the equal day (the closing time turned into in March), but it's definitely going on more often at the moment than in old years. Microsoft is becoming greater relaxed constructing two updates of windows 10 without delay.
    home windows 10 is being developed as a service, that means it receives new features on a daily foundation. Microsoft has launched 5 most important updates thus far: November update, Anniversary update, Creators replace, Fall Creators update, and April 2018 update.
    windows 10 construct 17723

    This RS5 construct introduces a mixed truth function called Flashlight, which means that you can peer into your physical ambiance with out doing away with your headset. This build lets you see into the real world at any time by means of the beginning menu, a button shortcut, or a voice command. The function opens a low-latency circulate-through digital camera feed connected to your controller.

    facet has acquired new community policies and MDM settings for IT administrators. On the flipside, area has lost the XSS filter, which Microsoft feels isn't any longer mandatory, because of modern standards like content security policy. edge also adopts Unicode eleven and its 157 new emoji.
    This construct also brings advancements to time itself. There's new bounce 2d aid (continues UTC in-sync with suggest solar time), a precision time protocol (gives you far more accurate time samples to the endpoint), and utility timestamping (get rid of the application delay brought by means of the windows networking stack).

    there is now a simplified assigned access configuration page (Settings => seek "assigned entry" => "installation a kiosk") that permits machine administrators to simply install their pc as a kiosk or digital sign. in addition, side now works with assigned entry, allowing IT directors to create a tailored looking adventure designed for kiosk contraptions: digital/interactive signage, public looking, public shopping, and average mode.
    As for updates, Microsoft says it has trained a predictive mannequin that can precisely check when the right time to restart the gadget is. home windows 10 will no longer simplest investigate when you are currently the usage of your gadget earlier than restarting for an update, it'll also are trying to foretell no matter if you have just left the machine for a couple of minutes.
    As for gaming, Microsoft is making it more straightforward to entry the video game bar. which you could now discover game bar from the birth menu or convey up game bar by using the Win + G shortcut at any time.
    This laptop construct comprises right here familiar bug fixes and improvements:

  • mounted an argument ensuing within the "…" menu no longer working in distinctive apps (including Microsoft store, pictures, and reveal Sketch) the place clicking on any of the objects would just make the menu push aside.
  • fixed a controversy where in definite cases on PCs with distinct displays, the entire home windows could have seemed shifted "up" and mouse input going to the incorrect place.
  • fixed an issue the place SNMP and the home windows experience Log service might start the usage of an all of sudden excessive volume of CPU within the remaining flight.
  • fixed the challenge with windows Defender application guard not working after installation the construct 17713.1002 Cumulative replace.
  • fixed an argument from the closing flight the place upon rebooting with a purpose to start upgrading to the construct, the equipment would boot returned into the latest construct rather than the new one.
  • fastened a controversy leading to improvements to the old build failing with error 0x8007001f.
  • fastened an argument from the previous flight the place Window healing atmosphere (WinRE) would no longer launch and resulted in "Reset this computing device" and "advanced startup" flows to be broken and appear to do nothing.
  • fastened an argument resulting in some laptops experiencing a critical procedure DIED trojan horse verify when the pc changed into put to sleep through closing lid and the related vigour disconnected.
  • mounted an issue leading to ShellExperienceHost.exe crashing when making an attempt to pin apps to start Menu by way of drag and drop.
  • mounted an explorer.exe crash when launching the Default Apps Settings page by means of WIN+R 'handle /name Microsoft.DefaultPrograms /web page pageFileAssoc'.
  • fastened an issue where .mkv information have been the use of a regular app icon in File Explorer in its place of a thumbnail.
  • birth Optimization Settings now has a new icon.
  • mounted an argument where counsel on the leading web page of Settings would seem after a prolong, making the Settings categories shift all at once.
  • fixed a controversy the place Notification Settings listed each possible short motion in the permit/disable quick movements area, even these not applicable to the laptop being used (together with two center of attention aid entries).
  • fastened a controversy the place the systray overflow enviornment could emerge as drawing slightly below the taskbar.
  • fixed an argument resulting in the community state in the taskbar potentially becoming stale in recent builds (displaying there became no connection when there became, and vice versa).
  • fastened a controversy the place pinging PCs by using identify on the equal LAN would do a case-sensitive identify check.
  • fastened an issue the place the use of v6v4tunnel to establish a tunnel didn't work.
  • fixed a controversy in Command prompt from the outdated flight where if a typed string wrapped around to a second line, you may only delete it as much as the line destroy.
  • fastened an issue leading to project View / Timeline crashing on launch for some Insiders in contemporary builds.
  • fixed a controversy the place correct-clicking an recreation in Timeline became lacking the "clear all from day" alternative.
  • when you open a PDF the use of Microsoft facet, the exercise will now be listed in Timeline.
  • fixed an issue the place on occasion you may see home windows all at once straight away reorder after exiting assignment View without picking out a window.
  • mounted an issue from recent builds where the clock in the taskbar became leaking pix equipment context handles (HDCs) anytime it redrew, leading to efficiency issues the longer a pc turned into working. multiple components can have an impact on efficiency, so if you're carrying on with to notice any issues after upgrading to this construct, please log feedback including a performance trace with a brief repro and outline.
  • fastened an argument resulting in now not being able to distinguish the border between two overlapping Command on the spot home windows.
  • Reverted the welcome reveal to the outdated string "These updates will give protection to you in an online world."
  • Tweaks to the design of the Cortana & Search landing web page, chiefly in cases where Cortana isn't enabled/supported.
  • fixed an argument resulting in Microsoft Jigsaw striking on launch in contemporary builds.
  • The settings menu in Microsoft area ("…") is now acrylic.
  • when you appropriate-click a book within the Microsoft aspect Books pane, you'll now see an option to share the publication.
  • fixed an issue that may result in Microsoft facet spellchecking despite the fact that spellchecking changed into turned off in Settings.
  • fixed an argument the place the use of the mouse wheel in Microsoft aspect would all of sudden do a forward/returned through browser background if center of attention become in the handle bar and "Scroll inactive windows" became disabled.
  • fixed an argument the place when the usage of definite websites to take heed to song in Microsoft aspect, your mouse could experience a small freeze if relocating when the tune modified.
  • fastened a controversy leading to apps like Adobe XD crashing on keypress in fresh flights.
  • fastened an issue that could influence in a impasse on certain instruments after using the pen to ink.
  • fixed an issue where the touch keyboard would nonetheless have a launch animation in spite of the fact that "display animations" changed into turned off in Ease of entry Settings.
  • mounted an issue the place launching regedit.exe (or any .exe that requires elevation) from a non-accelerated cmd window the usage of the "birth" birth command produced a "parameter is inaccurate" error.
  • fixed an argument causing Narrator speech to fade when waking from sleep mode.
  • fastened an argument where the error "Your fingerprint couldn't be recognized. try the use of a different finger." changed into displaying unexpected characters in vicinity of the apostrophe.

  • in the RS5 department, this replace bumps the home windows 10 construct number for PCs from 17713 (made attainable to testers on July 11) to build 17723.
    This build has 14 customary considerations:

  • The clock & calendar flyout may now not seem until bringing up start or action center (after which they are going to each appear on the same time). This equal subject can also additionally result in notifications now not acting unless start or motion middle is opened.
  • You may see some unexpectedly gentle shades in these surfaces when in dark mode and/or darkish on darkish text.
  • should you improve to this build you'll locate that the taskbar flyouts (network, volume, etc) not have an acrylic heritage.
  • in the event you use the convenience of access Make textual content larger atmosphere, you could see text clipping considerations, or locate that textual content isn't increasing in size all over.
  • in case you set up Microsoft edge as your kiosk app and configure the beginning/new tab page URL from assigned access Settings, Microsoft area may additionally not get launched with the configured URL. The fix for this challenge should be included in the subsequent flight.
  • On construct 17723 (however no longer construct 18204), you might also see the notification count number icon overlapping with the extension icon within the Microsoft facet toolbar when an extension has unread notifications.
  • On home windows 10 in S Mode, launching office in the keep may also fail to launch with an error a couple of .dll now not being designed to run on home windows. The error message is that a .dll "is both now not designed to run on home windows or it carries an error. try installing the software once more…" Some americans were capable of work round this via uninstalling and reinstalling workplace from the keep. If that doesn't work, that you could are attempting to installation a version of office no longer from the keep.
  • When the Narrator Quickstart launches, Scan Mode may no longer reliably be on by way of default. We suggest going throughout the Quickstart with Scan Mode on. To check that Scan Mode is on, press Caps Lock + space.
  • When using Scan mode you may experience distinct stops for a single manage. An example of here is in case you have an image this is also a link. this is anything we're actively engaged on.
  • If the Narrator key is decided to just Insert and you try to ship a Narrator command from a braille screen then these instructions will now not characteristic. provided that the Caps Lock key's a part of the Narrator key mapping then braille functionality will work as designed.
  • there is a typical situation in computerized dialog reading the place the title of the dialog is being spoken more than once.
  • For more assistance about Narrator new keyboard layout and other generic issues, please seek advice from (Intro to New Narrator Keyboard design doc).
  • there is a controversy the place the tops of apps in tablet mode being clipped (i.e. missing pixels).
  • if you deploy any of the recent builds from the quick ring and change to the gradual ring – not obligatory content comparable to enabling developer mode will fail. you'll have to remain within the quickly ring so as to add/set up/permit optional content. here is as a result of not obligatory content will only deploy on builds accepted for particular rings.
  • windows 10 construct 18204
    This 19H1 construct is for home windows Insiders who have chosen the skip ahead option, which means they proceed to receive builds from the RS_PRERELEASE branch. simplest a small subset of Insiders can opt into skip ahead, as Microsoft nevertheless needs testers assisting with RS5.

    There isn't tons of a difference between these two builds, beyond their branch. the first build has an extra concern, as noted above, however that's about it. Going ahead, of course, both will diverge as RS5 bugs are squashed and 19H1 receives new aspects.
    Don't install either construct for your creation computing device.

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