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Penn Entertainment News
Penn National wants to keep casino
24 May 2007
News Brief: Penn National Gaming wants to keep the Empress Casino.
Penn National resumes construction
16 May 2007
News Brief: Penn National Gaming Inc. gave the green light to resume construction on its $131 million gaming and hotel complex on Main Street in Bangor, company spokesman Eric Schippers confirmed.
Penn National may change Maine plans
8 May 2007
News Brief: A legislative push to increase the state’s share of revenues from Hollywood Slots at Bangor could scuttle the Penn National Gaming’s $131 million project in the city.
Penn National reports Q1 results
26 Apr 2007
Penn National Gaming Inc. reports that Q1 EBITDA exceeded guidance and that the full year guidance has been increased.
Penn National New Mexico acquisition
17 Apr 2007
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that, following approval by the New Mexico Racing Commission and New Mexico Gaming Control Board, it has completed the purchase of the assets of Zia Partners, LLC for $200 million.
Penn National considers buying Wonderland racetrack
10 Apr 2007
News Brief: Penn National Gaming is in serious talks to acquire a major stake in Revere’s struggling Wonderland racetrack.
Penn National Gaming names VP, CCO
14 Mar 2007
Penn National Gaming, Inc. reports that former Director of the New Jersey Division of Gaming Enforcement, Thomas N. Auriemma, has been named Vice President and Chief Compliance Officer.
Casino regulator joins Penn National
1 Mar 2007
News Brief: After a 30-year career as a New Jersey casino regulator, Tom Auriemma is stepping down to take a job with Penn National.
Hollywood Casino Baton Rouge premiers
8 Feb 2007
With searchlights, red carpet, celebrity impersonators, and exciting gaming play, Hollywood Casino Baton Rouge premieres tomorrow, February 9.
Penn National releases results
8 Feb 2007
Penn National Gaming, Inc. today reported fourth
quarter operating results for the period ended December 31, 2006.
Penn National Gaming makes Forbes list
8 Jan 2007
enn National Gaming, Inc. has been named to Forbes' Platinum 400 list of Best Big Companies in America of 2006 and was further identified as the best managed company in the Hotel, Restaurant & Leisure industries.
Harrah's bought for $27.8 billion
21 Dec 2006
Harrah's Entertainment has accepted a $27.8 billion buyout from private equity firms Apollo Management Group and Texas Pacific Group.
Bid for Harrah's draws skepticism
14 Dec 2006
Sources close to the Penn National bid for Harrah’s said the Harrah’s board may not reach a consensus until today or possibly later.
Mergers and acquisitions: Harrah's quiet about bids
13 Dec 2006
A meeting that no one will confirm is taking place could determine the direction of the gaming industry's largest casino operator.
New VP named by Penn National Gaming
8 Dec 2006
Penn National Gaming, Inc. reports that Christopher M. McErlean, 39, has been named Vice President of Racing, subject to customary regulatory approvals.
Analysts question Penn National's bid
30 Nov 2006
Speculation abounded Wednesday on news that regional casino operator Penn National Gaming was making a play to buy gaming industry giant Harrah's Entertainment.
Penn National may lead offer for Harrah's
29 Nov 2006
News Brief: According to a source, a group led by Penn National Gaming Inc. and hedge fund D.E. Shaw is considering making a cash and stock offer for casino company Harrah's Entertainment Inc.
Racino crimes yet to surface
27 Nov 2006
News Brief: On the surface, little appears to have changed in terms of Bangor"s social fabric since Hollywood Slots at Bangor opened its doors a year ago this month.
Penn National Gaming to acquire Zia Park Racetrack/Black Gold Casino
8 Nov 2006
Penn National Gaming, Inc. has entered into a definitive agreement to purchase the assets of Zia Partners, LLC, which are primarily comprised of Zia Park Racetrack and its Black Gold Casino for $200 million.
Mississippi casinos revenues, insurance costs up
27 Oct 2006
News Brief: The Gulf Coast casinos owned by Penn National Gaming are making more money now than they did before Hurricane Katrina, but profits are being offset by higher insurance costs, company executives told investors.
Penn National reports results
26 Oct 2006
Penn National Gaming, Inc. reported record
third quarter operating results for the period ended September 30,
2006.
Grantville Race Course Slots Approved
2 Oct 2006
News Brief: Penn National Gaming Inc. has received the go-ahead to start building a slot-machine facility at its Penn National Race Course in Grantville.
Penn National Gaming Granted Conditional License
28 Sep 2006
The Pennsylvania Gaming Control Board has granted Penn National Gaming a conditional Category 1 slot machine license for the placement of slot machines at its planned Hollywood Casino.
Maine Casino Complex Budget Grows
7 Sep 2006
News Brief: The Bangor, Maine, project budget for Penn National Gaming Inc.'s permanent gaming complex has grown from $72 million to $90 million.
Recovering From Katrina: Back to Business in Biloxi
5 Sep 2006
Hung Vu never considered himself a construction worker, but a year away from his job as a blackjack dealer at Beau Rivage made the Vietnamese immigrant pretty good with a hammer and nails.
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