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Penn Entertainment News
Massachusetts: Voters reject Hard Rock, approve Penn National
11 Sep 2013
Hard Rock plan gets the boot from West Springfield voters.
Penn National's planned split gains more regulatory approvals
25 Aug 2013
Gaming boards in Pennsylvania, Missouri, Ohio, and Kansas approved the deal, in which Penn National would separate a portion of its 28 casinos and race track operations into a real estate investment trust (REIT).
Penn National wants to divide into two companies
23 Aug 2013
Penn Gaming wants to become two companies and separate its gambling operation from its real estate business.
Four state bodies OK Penn National Gaming's plan to split
16 Aug 2013
The company, which owns M Resort, announced Thursday the Iowa Racing and Gaming Commission, Louisiana Gaming Control Board, Mississippi Gaming Commission and the Pennsylvania State Racing Commission approved the steps necessary to implement the planned separation.
Gaming Commission OKs Penn National's plan to split into two
26 Jul 2013
The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.
Penn links weak earnings to bad weather, less interest in gambling
24 Jul 2013
Penn National Gaming's east-west region, which includes M Resort, had the largest decline of any of the company's reporting divisions with revenues down 9.1 percent to $317.1 million.
Penn National Gaming in discussions with Tewksbury, Massachusetts Town Officials to develop slot parlor
12 Jul 2013
Penn National Gaming and the Town of Tewksbury are in discussions regarding a slots-only facility project, budgeted at more than $200 million.
Penn National real estate move could become industry standard
11 Jul 2013
The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.
Poker tourney at M Resort offers $500,000 prize pool
27 Jun 2013
The event guarantees participants a prize pool of $500,000 — not much when compared with standards set by the World Series of Poker, which is more than halfway through its six-week run at the Rio.
Penn National applies for licence for Lawrence County casino
3 Jun 2013
Penn National Gaming is seeking a casino license for its planned Lawrence Downs Casino & Racing Resort.
Penn National Gaming submits proposal for $700 Million Hollywood Casino Resort at Rosecroft Raceway
13 May 2013
Penn National Gaming has submitted a proposal to the Maryland Video Lottery Facility Location Commission for a $700 million casino resort project.
A battle as tough as Philly itself
29 Apr 2013
Six different groups and partnerships, including Wynn Resorts Ltd., Penn National Gaming, Isle of Capri Casinos and Cordish Cos., have applied with state gaming regulators for the right to own Philadelphia’s last casino license.
Penn National grows quarterly revenues, but profits decline
19 Apr 2013
The regional casino giant said its overall revenues for the quarter that ended March 31 were $798.2 million, an increase of 8.4 percent compared with the first quarter of 2012.
Penn National joining party in Indian gaming market
15 Apr 2013
Penn National said it would partner with the Jamul Indian Village of San Diego to build a $360 million hotel-casino on tribal land roughly 20 miles east of downtown San Diego.
Penn National plans to build Hollywood-brand casino in San Diego
8 Apr 2013
The development, which is expected to break ground later this year, is roughly 20 miles east of downtown San Diego.
Penn National Gaming enters into agreements with Jamul Indian Village for $360 million Hollywood-branded casino
5 Apr 2013
Penn National Gaming have entered into definitive agreements with the Jamul Indian Village to jointly develop a Hollywood-branded casino and resort in San Diego County, California.
Penn National sees decline in fourth-quarter earnings
2 Feb 2013
Penn National Gaming experienced a decline in fourth-quarter earnings.
Penn National Gaming names Scott Saunders General Manager of Argosy Casino Alton
17 Dec 2012
Saunders brings 20 Years of regional and locals market management experience to new role.
Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license
17 Dec 2012
Credit Suisse gaming analyst Joel Simkins attended a Springfield town-hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.
Penn National Gaming submits application fees in Massachusetts
14 Dec 2012
Penn National Gaming has transmitted non-refundable application fees of $250,000 to the City of Springfield and $400,000 to the Commonwealth of Massachusetts in its bid to acquire a Massachusetts gaming license.
MGM Resorts in battle with Penn for lone western Massachusetts casino license
10 Dec 2012
Springfield leaders reportedly told officials from both MGM and Penn to play nice: The city doesn't want a repeat of what happened in Maryland.
Penn National plans split into two separate companies
19 Nov 2012
Analysts universally praised Wyomissing, Pa.-based Penn for the move, which separates 17 of the company's 29 casinos and racetracks into a real estate investment trust, often referred to as a REIT.
Inside Gaming: Piles of cash, torrents of tweets and lots of crazy - gaming's political lunacy
12 Nov 2012
It only cost Penn National Gaming $42 million to embarrass itself.
Maryland vote dismays casino operator Penn National
8 Nov 2012
After investing more than $42 million into a failed effort to defeat Question 7, which allows the state to add a sixth casino in suburban Prince George's County, Penn National is expected to bid on the gaming license when the process begins in January.
Maryland vote pits bully, new kid
4 Nov 2012
Maryland voters will determine if the state becomes a multimillion-dollar gambling jurisdiction or a multibillion-dollar casino-resort destination. We'll also find out whether MGM Resorts puts the bully in its place, or if Penn National is still king of the school.
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