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Penn Entertainment News
Debt crisis worries gaming stock investors
1 Jun 2012
Gaming stocks nosedived in May as investors grew worried over foreign debt matters and mixed messages coming from company earnings reports.
Has gaming reached a saturation point? An oddly self-serving cry of "Enough"
29 May 2012
During the East Coast Gaming Congress in Atlantic City last week, Cordish Co. Chairman David Cordish suggested casino expansion needs a respite.
Penn National Gaming to acquire Harrah’s St. Louis for $610 Million in accretive transaction
9 May 2012
Transaction expands Penn National’s presence in the St. Louis Gaming Market with established, Missouri-Based gaming facility.
Inside gaming: Gaming expansion elsewhere lifts Las Vegas
23 Apr 2012
Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Now those resorts are being built elsewhere.
Penn National chief tries to make light of GSA flap
20 Apr 2012
Penn National Gaming Chairman tries to make light of the recent General Services Administration tax-payer funded junket controversy.
MGM Resorts to seek alternative Mass. location
28 Mar 2012
MGM Resorts International has abandoned a proposed casino site in Massachusetts but plans to look for another location in the western part of the state.
Penn National Gaming announces agreement over relocation of two racetracks
16 Mar 2012
Agreement conditional on pact with horsemen, passage of pending legislation and racing commission and lottery commission approvals.
Industry spent over $11 million in lobbying Massachusetts
22 Feb 2012
The casino industry spent roughly $11.4 million over the past five years in lobbying Massachusetts lawmakers to approve casinos.
Cleveland casino to open in May
17 Feb 2012
The Horseshoe Casino Cleveland was given permission by Ohio gaming regulators to open the week of May 14.
Ohio could give Las Vegas gaming company a boost
14 Feb 2012
BMM Compliance was certified in January by the Ohio Casino Control Commission to test and certify gaming equipment destined for the up-and-coming Ohio casino market.
Hollywood Casino at Kansas Speedway waves the green flag
3 Feb 2012
Thrill of racing, excitement of gaming and glamour of Hollywood come together under one roof with the grand opening of Hollywood Casino at Kansas Speedway.
MGM Resorts trying to acquire land in Massachusetts
13 Jan 2012
MGM Resorts International entered the race for a Massachusetts casino license on Thursday, signing a deal to acquire 150 acres in the town of Brimfield for a hotel-casino complex.
Ohio casinos delayed by up to two months
10 Jan 2012
A licensing hang-up could delay the openings of casinos in Cleveland and Toledo for eight weeks.
Market surge boosts gaming stocks
2 Dec 2011
Wednesday's 490-point surge by the Dow Jones industrial average gave the stock prices of several publicly traded casino operators and slot machine manufacturers a lift.
Massachusetts ready for gambling expansion
21 Nov 2011
Gov. Deval Patrick is expected to sign a bill that will authorize three Las Vegas-style casinos and a slot machine parlor in Massachusetts.
Competition expected to be fierce for Mass. gaming license
26 Oct 2011
Analysts say Massachusetts would be one the most highly sought-after gaming markets in recent history.
Penn National reports high profits
21 Oct 2011
Penn National Gaming said its net income was $70.8 million in its third quarter ended Sept. 30, up from $57.1 million.
Illinois governor won't sign large-scale gaming bill
19 Oct 2011
Gov. Pat Quinn said he would support his own scaled-down proposal, which would allow five new gaming locations, as opposed to nine.
Caesars Entertainment bidding on Maryland casino
27 Sep 2011
An investment group led by Caesars Entertainment appears to be the frontrunner for a gaming license to operate a slot machine casino in downtown Baltimore.
Penn National Gaming names new general managers for Boomtown Biloxi and Argosy Casino Sioux City
24 Aug 2011
Penn National Gaming announces management changes at two of its properties.
M Resort sees jump in earnings
22 Jul 2011
Penn National Gaming said the M Resort generated $5.6 million in cash flow for the quarter, which is 24 percent higher than the same quarter a year ago.
Inside Gaming: Familiar faces stay despite overhauls
4 Jul 2011
The near financial collapse of several Las Vegas-based gaming companies didn't shake the system.
Pinnacle gamble pays off in Ohio
20 Jun 2011
Pinnacle Entertainment stands to benefit after Ohio's governor announced he will allow the state's racetracks to add slot machine-like video lottery terminals.
Penn National officially acquires M Resort
3 Jun 2011
Penn National Gaming officially acquired M Resort in Nevada on Wednesday after state gaming regulators approved the deal last month.
Regulators OK new leadership for Casino MonteLago
20 May 2011
The Nevada Gaming Commission on Thursday approved a new management team and company for Casino MonteLago at Lake Las Vegas, which is on its third owner since it opened in 2003.
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