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Penn Entertainment News
Casino Stocks Amongst Bests of 2004
3 Jan 2005
News Brief: Taking a gamble on gambling paid off handsomely in 2004. Casino stocks were among the best performers last year.
No Slots for Scarborough Downs
17 Dec 2004
News Brief: Penn National Gaming and Scarborough Downs said they do not plan to pursue legislation in the session to convert the Downs into a so-called racino, something they tried but failed to do last session.
Argosy Faces Questioning on Guidance
9 Nov 2004
News Brief: An investment manager has sent a letter to Argosy Gaming Co. directors questioning comments its management made about its slowing growth prospects just days before the company's agreement to be acquired by Penn National Gaming Inc.
Penn Receives Maine Slot License
5 Nov 2004
News Brief: Penn National Gaming received Maine's first license to operate slot machines, but concerns over corporate privacy will require lawmakers to step in before the first reels can spin.
Penn National , Argosy Shares Soar
4 Nov 2004
News Brief: Shares of both Penn National Gaming Inc. and Argosy Gaming Co. soared Thursday as investors bet that the pending combination of the two second-tier gambling companies would come up a big winner.
Penn National Gaming to Acquire Argosy Gaming
4 Nov 2004
Penn National Gaming, Inc. and Argosy Gaming Company report that their boards of directors have unanimously approved a definitive merger agreement under which Penn National will acquire all of the outstanding shares of Argosy Gaming for $47.00.
Penn National Granted Unconditional Maine License
19 Oct 2004
Penn National Gaming reports that the Maine Harness Racing Commission has granted the company an unconditional racing license for Bangor Historic Track for the 2004 racing season.
Sale Boosts Penn National Shares
15 Oct 2004
News Brief: Shares of Penn National Gaming Inc. rolled more than 6 percent higher Friday after the company said it will sell a harness track and a handful of OTBs to an Indian gambling operation for $280 million.
Penn National to Sell Track, OTB Facilities
15 Oct 2004
Penn National Gaming, Inc. has entered into an agreement whereby a subsidiary of Penn National will sell The Downs Racing and its subsidiaries to the Mohegan Tribal Gaming Authority.
Racino Licenses Delayed
13 Oct 2004
News Brief: Security of information is slowing down Penn National’s application for Maine racino licenses.
Penn National Won't Proceed with President Casino Acquisition
8 Oct 2004
Penn National Gaming will not proceed with its previously announced plans to purchase all of the outstanding capital stock of President Riverboat Casino-Missouri.
Taxes Irk Casino Execs
7 Oct 2004
Casino executives expressed frustration and concerns over some states’ casino taxes while speaking the Global Gaming Expo.
Penn National CEO Named 'Best Performing CEO' of 2004
7 Oct 2004
Peter M. Carlino, Chairman and Chief Executive Officer of Penn National Gaming, Inc. has been named ‘Best Performing CEO’ for 2004 by HVS Executive Search.
Makeover Planned for Mississippi Riverboat Casino
29 Sep 2004
News Brief: A nearly $2 million plan is in the works to spruce up the10-year-old Baton Rouge-based Casino Rouge riverboat casino.
Penn National Names General Manager of Charles Town Races & Slots
23 Sep 2004
Penn National Gaming reports that Albert T. Britton has been named General Manager of the Company's Charles Town Races & Slots facility in Charles Town, West Virginia.
Penn National Gaming Re-Opens Casinos After Ivan
17 Sep 2004
Penn National Gaming, Inc. reports that it re-opened Casino Rouge in Baton Rouge, Louisiana, Casino Magic - Bay St. Louis in Bay St. Louis and Boomtown Biloxi in Biloxi, Mississippi.
Penn Gaming Unveils Maine Racino Plans
15 Sep 2004
News Brief: Penn National Gaming Inc. has unveiled detailed plans for Maine's first racino, a 90,000- to 100,000-square-foot facility on a single level that would house 1,500 slot machines.
Penn National to Sell Louisiana
30 Aug 2004
News Brief: Penn National Gaming Inc. has agreed to sell the financially troubled Hollywood Casino in Shreveport to a small Nevada casino operator.
Penn National Known for Shrewd Moves
12 Aug 2004
News Brief: Penn National Gaming Inc.'s agreement to buy the President Casino on the Admiral underscores its penchant for expanding through shrewd acquisitions, a Wall Street analyst said Wednesday.
Penn National, President Casinos Enter Agreement
11 Aug 2004
Penn National Gaming, Inc. has agreed to purchase all of the outstanding capital stock of President Riverboat Casino-Missouri for approximately $28 million in cash.
Penn National Gaming Reports Record Results
27 Jul 2004
Penn National Gaming reports income from continuing operations rises 11.6% year-over-year to $57.9 million and exceeds guidance of $54.7 million.
Pennsylvania Senator Proposes Slot Plan
14 Jun 2004
News Brief: A proposal by Pennsylvania state Senator Vince Fumo currently circulating at the state Capitol in Harrisburg would prevent companies, including Penn National Gaming, from having financial control of more than one slots facility.
Hoffa to Aid Sign-Up of Casino Workers
10 May 2004
News Brief: Teamsters heavyweight James P. Hoffa will be in Orillia today to help organize some of the more than 3,000 workers at Casino Rama
Penn National Gaming Q1 Results Ahead of Guidance
21 Apr 2004
Penn National Gaming reports record first quarter results for the period ended March 31, 2004.
Penn National Opposes Bill Changes
8 Apr 2004
News Brief: Penn National, the company poised to operate slot machines at the Bangor Raceway, contends a last-minute change to the bill could be disastrous for the project by giving the state millions more in slots revenue.
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