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river spirit casino hrQuarter SurprisePenn National execs say the coronavirus stimulus from federal and state governments has helped the casino operator mitigate the economic damage caused by the health crisis.“As people get out of the house and they’re in a safe environment, and they can do something fun, they’re spending more time and more money.The chief executive believes casinos are being targeted by younger groups because most movie theaters remain closed, and sports are being held without fans.Shares of Penn National Gaming (NASDAQ: PENN) soared today after the regional casino giant revealed its second quarter revenue easily beat analyst estimates.Winning FormulaPenn National Gaming’s portfolio diversity allowed it to better weather the COVID-19 storm.“Despite starting the second quarter with our entire property portfolio closed because of the COVID-19 pandemic, we ended the quarter in a significantly improved financial position as a result of continued mitigation efforts that contributed to significant margin improvement, a successful capital raise, and very strong financial performance at our properties since reopening,” Penn National CEO Jay Snowden said.is jackson rancheria casino open today