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Penn Entertainment News
Penn National Kansas project in question
10 Jul 2008
News Brief: A senior vice president with Penn National Gaming says that if the company doesn’t receive a final contract approval for a state-owned casino in Sumner County, Kansas, the company may walk away from its proposed casino in Cherokee County.
Penn National secures exclusive purchase option
8 Jul 2008
Penn National Gaming, Inc. has secured an exclusive 18 month option to purchase approximately 36 acres of land located in Perryville, Cecil County, Maryland from Principio Iron Company L.P.
Penn National secures Maryland venue
4 Jul 2008
News Brief: Penn National is close to securing an option to purchase Cecil County property near Interstate 95 for use as a slot machine gambling venue if voters this November approve the devices in Maryland.
Penn National to terminate agreement
3 Jul 2008
Penn National Gaming, Inc. has entered into an agreement with PNG Acquisition Company Inc. to terminate the proposed merger agreement whereby Penn National Gaming was to be acquired by PNG Acquisition Company for $67.00 per share.
Penn National wants local support
18 Jun 2008
News Brief: An official with Penn National Gaming on Tuesday night asked the Galena City Council to support the company at a July 9 meeting of the Kansas Lottery Gaming Facility Review Board.
Penn National Gaming extends merger end date
9 Jun 2008
Penn National Gaming, Inc. reports that it has, in accordance with the terms of the merger agreement providing for the acquisition of the Company by PNG Acquisition Company Inc., delivered a extending the end date of the merger agreement to October 13, 2008.
Penn National secures PGCB approval
30 May 2008
Penn National Gaming, Inc. has received approval from the Pennsylvania Gaming Control Board for the pending merger of the company and an entity indirectly owned by certain funds managed by affiliates of Fortress Investment Group LLP and Centerbridge Partners, L.P.
Penn National Gaming secures approval from West Virginia
16 May 2008
Penn National Gaming, Inc. has received approval from the West Virginia Racing Commission for the pending merger of the company and an entity indirectly owned by certain funds managed by affiliates of Fortress Investment Group LLC and Centerbridge Partners, L.P.
Penn National receives approval for Kansas casino
6 May 2008
News Brief: The Kansas Lottery has approved a contract for Penn National to operate Hollywood Casino, to be built in Cherokee County.
Penn National Gaming secures transaction approvals
17 Apr 2008
Penn National Gaming, Inc. has received approvals from the Pennsylvania State Horse Racing Commission and the New Mexico Racing Commission for the pending merger of the Company and certain funds managed by affiliates of Fortress Investment Group LLC and Centerbridge Partners, L.P.
Penn National Gaming merger approved by New Mexico board
16 Apr 2008
Penn National Gaming, Inc. has received approval from the New Mexico Gaming Control Board for the pending merger of the Company and certain funds managed by affiliates of Fortress Investment Group and Centerbridge Partners, L.P.
Penn National wants Kansas investment rule relaxed
9 Apr 2008
News Brief: Penn National Gaming is pressuring Kansas to back off a requirement in state law that companies invest at least $250 million in state gambling casinos.
Penn National merger approved
25 Mar 2008
Penn National Gaming, Inc. has received approval from the West Virginia Lottery Commission for the pending merger of the company and certain funds managed by affiliates of Fortress Investment Group LLC and Centerbridge Partners, L.P.
Penn National names kennel club GM
26 Feb 2008
Penn National Gaming, Inc. reports that Mark J. Loewe has been named General Manager of its Sanford-Orlando Kennel Club facility in Longwood, FL, effective February 15, 2008.
Penn National to retain Empress Casino Joliet
21 Feb 2008
Penn National Gaming, Inc. reports today that the Illinois Gaming Board has resolved to allow Penn National to retain the Empress Casino Joliet in Joliet, Illinois.
Inside gaming column: Now you play it, now you don't
11 Feb 2008
A selection of news and views from inside the industry this week.
Penn National reports Q4 results
8 Feb 2008
For Q4, Penn National recorded a non-cash pre-tax currency translation loss of $0.9 million related to Canadian currency fluctuations for FIN 48 estimated tax reserves.
Penn National Gaming names new president
6 Feb 2008
Penn National Gaming, Inc. reports that Timothy J. Wilmott, who most recently served as Chief Operating Officer of Harrah’s Entertainment, Inc., was appointed President and Chief Operating Officer,
Official slams Penn National proposal
24 Jan 2008
News Brief: Plans by Penn National to redevelop Bader Field could leave the city with 'four grind joints' instead of the lavish megacasinos, a state development official argued Wednesday.
Penn National makes land offer
23 Jan 2008
News Brief: Penn National Gaming Inc. is offering $800 million to buy Atlantic City's largest tract of undeveloped land and wants to subdivide it for as many as three or four casinos.
Penn National Gaming applies for Kansas facility
29 Nov 2007
Penn National Gaming, Inc. has filed a license application with the Kansas Lottery Commission to be considered as a Lottery Gaming Facility Manager at a proposed destination casino resort in Sumner County.
Penn Gaming won't proceed with Rosecroft Raceway
28 Nov 2007
Penn National Gaming, Inc. reports that it will not proceed with its proposed acquisition of Rosecroft Raceway in Fort Washington, Maryland.
Top companies submit Kansas proposal
27 Nov 2007
News Brief: With Wednesday as the deadline, Sumner County officials expect to receive applications from three of the top four casino operators in the world.
Penn National Gaming sets shareholders meeting date
8 Nov 2007
Penn National Gaming, Inc. has established a date for a special meeting for its shareholders to vote upon a merger agreement.
Raceway Park GM named
8 Nov 2007
Penn National Gaming, Inc. reports that subject to regulatory approval, William M. McLaughlin was named General Manager of its Raceway Park facility in Toledo, OH, effective October 30, 2007.
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