Penn National Gaming, Inc. (NasdaqGS:PENN) is seeking accretive acquisitions. "Beyond that we obviously will look for accretive acquisitions as well as our Board considers from time to time the appropriateness and the level of potential stock buybacks," said Saul Reibstein, Chief Financial Officer of Penn. "So, as Saul said, we'll delever, we will continue to look for strategic acquisitions that are accretive to our share price and then out there as well is only the opportunity to do a share repurchase once we've exhausted those other avenues," said Jay Snowden, Chief Operating Officer of Penn.