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Penn Entertainment News
Penn National Acquisition Vote on Argosy Gaming Postponed
26 Aug 2005
Penn National Gaming, Inc. reports that the Illinois Gaming Board postponed its August 25, 2005 scheduled vote on Penn National's proposed acquisition of Argosy Gaming Company.
Penn National Gaming Among Fastest Growing Companies
25 Aug 2005
News Brief: Penn National Gaming, the owner of Hollywood Casino in Tunica, has been named one of the country's fastest-growing companies by Fortune magazine for the fifth year in a row.
Penn National Gaming Named to Fortune's List
24 Aug 2005
Penn National Gaming, Inc. has been named again as one of the country's fastest-growing companies by Fortune magazine in its September 5, 2005 issue.
Penn National Gaming Secures Operators License in Maine
22 Aug 2005
Penn National Gaming reports that the Maine Gambling Control Board unanimously approved a final license for its subsidiary, Bangor Historic Track, to operate slot machines in Bangor.
Maine Board to Issue Licenses
19 Aug 2005
News Brief: The Maine Gambling Control Board is slated today to issue several licenses crucial to Penn National Gaming Inc.'s plans to bring slot machines to Bangor.
Penn National Gaming Prices Argosy Notes
18 Aug 2005
Penn National Gaming reports the pricing terms of cash tender offers commenced by its wholly owned subsidiary Thoroughbred Acquisition Corp. for Argosy Gaming Company's notes.
Louisiana Gaming Board to Consider Penn Acquisition of Argosy
16 Aug 2005
ews Brief: Penn National Gaming expects to gain approval today from the Louisiana Gaming Control Board to buy the Argosy Casino in Baton Rouge.
Penn National Gaming Extends Expiration Date for Tender Offers
12 Aug 2005
Penn National Gaming’s subsidiary Thoroughbred Acquisition Corp. has extended the expiration date of each of tender offers under the Offers to Purchase and Consent Solicitation Statements, each dated July 21, 2005 to 12:00 midnight, New York City time, on August 31, 2005.
Penn National Gaming Names VP
11 Aug 2005
Penn National Gaming, Inc. reports that Richard J. Klemp has been named Vice President, Government Relations.
Penn National Gaming Names New VP
10 Aug 2005
Penn National Gaming, Inc. reports that Eugene P. Clark has been named Senior Vice President, Human Resources, subject to customary regulatory approvals.
Penn National Gaming Extends Offers
9 Aug 2005
Penn National Gaming’s subsidiary Thoroughbred Acquisition Corp. has extended the expiration date of the tender offers dated July 21, 2005 to 12:00 midnight, New York City time, on August 26, 2005.
State Shuts Down Internet Gaming Site
8 Aug 2005
A month after shutting down a Web promotion by Foxwoods Resort Casino, the state has ordered a halt to an Internet gambling site run by Penn National Gaming Inc.
US FTC Approves Penn National Deal to Buy Argosy
28 Jul 2005
News Brief: U.S. antitrust authorities said on Wednesday they had approved plans by racetrack operator Penn National Gaming Inc. to buy riverboat gambling company Argosy Gaming Co.
Penn National Tender Offers, Consent Solicitations for Argosy Notes
21 Jul 2005
Penn National Gaming, Inc.’s subsidiary, Thoroughbred Acquisition Corp., is commencing cash tender offers for any and all of the $200 million aggregate outstanding principal amount of Argosy Gaming Company's 9% senior subordinated notes.
Penn National Expects to Close Deal Soon
18 Jul 2005
Penn National Gaming, Inc.’s Louisiana Casino Cruises, Inc. has satisfied substantially all of the conditions to closing related to its proposed purchase of the property on which Penn National's Casino Rouge conducts a significant portion of its dockside operations.
Penn National to Sell Argosy Casino-Baton Rouge
21 Jun 2005
Penn National Gaming, Inc. has entered into a securities purchase agreement to sell Argosy Casino Baton-Rogue for $150 million to a Columbia Sussex subsidiary.
Sioux City Casino Sale Approved
10 Jun 2005
News Brief: The Iowa Racing and Gaming Commission Thursday approved Penn National's acquistion of Sioux City's riverboat casino.
Bangor Racino Takes Step Forward with OTB License
31 May 2005
Another piece of the Bangor racino puzzle fell into place with the Maine Harness Racing Commission's approval of simulcast racing for Penn National Gaming Inc.
Analyst Sees Diverse Gaming on Trek
30 May 2005
News Brief: Susquehanna Financial Group analyst Eric Hausler has toured dozens of casinos in seven states and has seen first-hand hand just how much the industry has grown from of its Nevada roots.
Gaming Firms Increase Political Donations with Merger in Works
17 May 2005
Two casino companies have significantly increased their political donations as they push for state approval of a merger that would create Illinois' largest gambling empire.
Penn National Gaming Names GM for Maine Facility
12 May 2005
Penn National Gaming, Inc. reports that Jon Johnson has been named, subject to being granted all necessary regulatory approvals, General Manager of Penn's new gaming facility now under development in Bangor, Maine.
Penn National Results Up Slightly
26 Apr 2005
Penn National reports Q1 revenue of $289.3 million, up from $285.1 million for Q1 2004.
Penn National to Acquire Temporary Maine Site
15 Apr 2005
Penn National Gaming’s subsidiary, Bangor Historic Track, Inc., has agreed to acquire an off-track betting facility in Bangor, Maine which Penn National intends to use as a temporary gaming facility for approximately 475 slot machines.
Gambling Beyond Nevada: A Big Deal With Little Fanfare
4 Apr 2005
The multibillion dollar corporate buyouts that will reduce Nevada's four gaming industry giants to two has sparked a multitude of analysis from investment houses and pages of copy from the financial media.
Penn National Discloses Financial Control Weaknesses
10 Mar 2005
News Brief: Penn National Gaming Inc. disclosed Wednesday that it has spotted four weaknesses in its internal financial controls.
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