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Penn National approves $200M share buyback program

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Penn National approves $200M share buyback program

Penn National Gaming Inc. said Jan. 9 that its board approved a $200 million share repurchase program.

The buyback program expires Dec. 31, 2020. The program is incremental to the Pennsylvania-based company's existing share repurchase program that will expire in February 2019.

There is no minimum number of shares that the company is required to repurchase. The repurchase program may be suspended or discontinued at any time without prior notice.