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Penn Entertainment News
Inside Gaming: Pinnacle, GLPI deal could be a model for the industry
3 Aug 2015
Analysts say the deal, which sees Pinnacle leasing its real estate assets from the REIT, financially benefits both companies.
Penn National Gaming to acquire Prairie State Gaming
31 Jul 2015
Penn National Gaming has entered into a definitive agreement to acquire the Illinois-based VGT operator in an all-cash transaction expected to close later this quarter.
Maine: Penn National Gaming looking for tax break on Hollywood Casino
27 Jul 2015
Penn National Gaming want a tax reassessment for Hollywood Casino in Bangor citing declining customers and increased competition.
U.S. tribal casinos see fifth straight year of revenue increases
27 Jul 2015
In fiscal year 2014, U.S. tribal casinos brought in more than $28.5 billion.
Investors show new love for regional casino markets
27 Jul 2015
The Lake Charles, Louisiana market is leading the way in making the investment community do a 180-degree turn on U.S. gaming operators.
Penn National plans development program for the Tropicana
24 Jul 2015
The regional casino operator says it will launch a development plan for the Tropicana Las Vegas that would take three to five years to implement.
Pinnacle, GLPI agree on $4.75 billion merger
22 Jul 2015
After two rejected offers, Pinnacle has accepted an offer from GLPI rather than form its own spinoff REIT.
Inside Gaming: MGM Resorts CEO discusses REIT plans
22 Jul 2015
Analysts expect MGM to announce a new strategic plan soon, and an interview with Jim Murren indicates that it is likely to include spinning off part of the company into a real estate investment trust.
GLPI reaches agreement with Pinnacle to acquire real estate assets
21 Jul 2015
Gaming and Leisure Properties, Inc., will acquire nearly all of Pinnacle's real estate properties, and the properties will be spun off into separate property and operating companies.
Inside Gaming: Winners and losers in the Massachusetts casino scene
13 Jul 2015
The recently opened Plainridge Park Casino is off to a strong start, but the legal and logistical challenges of opening more casinos in Massachusetts create a complicated situation in the Northeast.
Penn National Gaming to releases second quarter results on July 23
9 Jul 2015
The company will host a conference call and simultaneous webcast at 9 a.m. that day, and a replay of the call will be available online for 30 days.
Pinnacle Entertainment considers new proposal from GLPI
8 Jul 2015
GLPI, an REIT spun off of Penn National Gaming, has repeatedly offered to acquire Pinnacle's real estate holdings, rather than having Pinnacle create its own REIT.
Inside Gaming: Will multiplayer tables save the slots industry?
29 Jun 2015
With millennials largely uninterested in traditional slots, gaming manufacturers are looking at skill-based gaming and smartphone-like electronic tables to target a generation acclimated to free electronic skill games.
Interblock games featured at new Plainridge Park Casino
25 Jun 2015
The new casino from Penn National Gaming, the first in Massachusetts, has 83 electronic table games from the luxury game manufacturer.
Massachusetts 'slots parlor' filled to capacity on opening day
24 Jun 2015
While some were skeptical about the ability to deliver a first-class gaming experience under the limited 'slots parlor' license, Penn National Gaming appears to have pulled it off.
Pinnacle Entertainment planning a deal with GLPI
24 Jun 2015
Talks have been ongoing, and analysts believe a deal is likely to be signed sooner rather than later.
Casinos call IRS tax reporting proposal 'complicated, onerous and unproductive'
18 Jun 2015
Gaming industry representatives say the proposal to lower the WG-2 threshold on winnings from $1,200 to $600 would do little to generate tax revenue and much to generate extra paperwork.
Penn National names top execs for Las Vegas properties
11 Jun 2015
Former M Resort president Anthony Marnell III will take on a strategic consulting role at M Resort and the Tropicana. Penn National named Bob Sheldon the new president of M Resort.
Scientific Games announces deal with Penn National for Massachusetts casino
27 May 2015
The Plainridge Park Casino, the first casino in Massachusetts, will feature a suite of Scientific Games' devices and its play-management system, per MGC requirements.
Penn National Gaming appoints Richard St. Jean and Frank Quigley to new general manager positions
27 May 2015
Richard St. Jean has been appointed the general manager of Hollywood Casino Jamul-San Diego, while Frank Quigley has taken St. Jean's vacated position as general manager of Hollywood Casino Toledo.
IGT's losses reflect weakening state of US slot machine industry
26 May 2015
While some of the company's losses are the result of being acquired by GTECH, analysts believe that a host of other factors are also to blame.
Pinnacle Entertainment rejects union proposals
22 May 2015
Stockholders voted to reject the proposals at the company's annual meeting on Tuesday.
Inside Gaming: Purchase of Tropicana Las Vegas keeps alive Rat Pack-era name
20 May 2015
The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.
Hooters Hotel sold to New York investment group
13 May 2015
Trinity Hotel Investors bought the off-strip property for $70 million, but it's unclear what the new ownership's plans for the hotel-casino will be.
Scientific Games nearly doubles revenue and net loss
11 May 2015
The company lost $86.4 million even as revenue grew to $658.7 million in the first quarter, compared to income of $388.1 million during the same period a year ago.
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