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Penn Entertainment News
Massachusetts voters can decide casino issue, court rules
25 Jun 2014
The state’s highest court said Tuesday voters can ultimately decide if Massachusetts can have gaming.
Penn National sees trouble on the horizon
9 Jun 2014
Penn National Gaming’s Hollywood Casino at Charles Town Races is feeling the brunt of neighboring Maryland’s gaming expansion, even though the state’s two newest casinos have yet to open.
Pinnacle drops New York casino bid
22 May 2014
Regional casino operator Pinnacle Entertainment withdrew from consideration for one of four gaming licenses in New York, state gaming officials announced late Tuesday.
Cosmopolitan of Las Vegas sold to Blackstone Group for $1.73 billion
16 May 2014
The deal is subject to approval of Nevada gaming regulators.
Penn National Gaming again views expansion on Strip
25 Apr 2014
Penn National Gaming, which owns M Resort, is again looking at the Strip for possible expansion opportunities.
N.Y. investment fund proposes REIT for Pinnacle casino holdings
22 Apr 2014
Orange Capital said it believes Pinnacle could be more valuable to shareholders by splitting the company into a trust.
Regional gaming operators hope end of winter will nurture warmer financial figures
14 Apr 2014
Weather issues kept casino patrons at home in several states where companies such as Penn National Gaming, Isle of Capri Casinos, Pinnacle Entertainment and Boyd Gaming Corp. derive the bulk of their quarterly revenue.
Penn National Gaming submits $25 million payment for Massachusetts Gaming License
28 Mar 2014
Penn National Gaming has paid $25 million for the Plainridge Park Casino gaming license.
Inside Gaming: Boyd deal sparks torrent of speculation
17 Mar 2014
Scenarios ranged from a corporate takeover to moving the company’s casinos into a real estate investment trust.
Massachusetts Internet gambling hearing focuses on geolocation, payment processing issues
11 Mar 2014
Geolocation and payment processing dominated the Internet gambling hearing hosted by the Massachusetts Gambling Commission at the Boston Convention Center on Tuesday.
Penn National Gaming to break ground on Plainridge Park Casino on Friday, March 14, at 2PM
11 Mar 2014
Penn National Gaming will break ground and begin construction of Plainridge Park Casino on Friday, March 14, 2014 at 2:00 pm ET.
Moves by Caesars fail to ease debt worries on the Street
10 Mar 2014
Caesars Entertainment Corp. announced last week it was selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.
Gaming companies have lucrative deals operating Indian casinos
27 Jan 2014
Gaming expansion into states beyond recently approved markets is virtually nonexistent.
Penn National Gaming promotes Carl Sottosanti to Senior Vice President and General Counsel
17 Jan 2014
Penn National Gaming, Inc. announce Carl Sottosanti has been promoted to the position of Senior Vice President and General Counsel.
Penn National Gaming starts work on $360 million California project
14 Jan 2014
The casino company announced initial development activities on the Hollywood Casino Jamul this past week.
Jamul Indian Village of California and Penn National Gaming launch Construction of $360 Million Hollywood Casino Jamul in San Diego County
10 Jan 2014
Construction activities at the site of the proposed $360 million Hollywood Casino Jamul have begun.
Construction halted on Hard Rock Sioux City
11 Dec 2013
Construction on the Hard Rock Hotel & Casino Sioux City has been stopped by a judge.
Inside Gaming: Foreign deals can include risks
18 Nov 2013
Penn National Chairman Peter Carlino said the regional casino operator explored a joint venture in an unnamed country. The idea was quashed when Penn discovered its potential partner had budgeted payoffs for border guards.
First Prince George commission hearing sees horse racing under focus
24 Oct 2013
Penn National presented its plans to expand Rosecroft Park to a casino-resort that would include slots and live table games.
Penn National Gaming reports profits down in third quarter
18 Oct 2013
The casino operator, which owns M Resort, said its net income for the third quarter that ended Sept. 30 was $41.3 million or 40 cents per share.
MGM Resorts, Penn National win suitability ruling from Maryland regulators
11 Oct 2013
The ruling sets the stage for public hearings later this month into the three proposals for a casino license in Prince George’s County.
Penn National to begin spinoff of real estate holdings
9 Oct 2013
Penn National shareholders will receive one share of common stock in the real estate investment trust equal to each share of common stock held in the casino operator as of Oct. 16, the record date for the spinoff.
Penn National, two other gaming companies file for Massachusetts license
7 Oct 2013
The Massachusetts Gaming Commission hopes to award the slots-only license in late December or early January, months before any of the resort casinos are licensed.
Penn National Gaming delivers formal submission to Massachusetts Gaming Commission for $225 Million Plainridge Park Casino
4 Oct 2013
Penn National Gaming delivers formal application to the Massachusetts Gaming Commission for a Category 2 gaming license.
Penn National Gaming’s Board of Directors approves spin-off of Gaming and Leisure Properties
27 Sep 2013
Penn National Gaming's Board of Directors approves tax-free spin-off of common stock shares of Gaming and Leisure Properties to its shareholders.
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