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Penn Entertainment News
Charles Town Races Approved for Additional Slots
1 Apr 2004
Penn National Gaming reports that the West Virginia Lottery Commission has approved its request to increase the number of slot machines authorized for placement at the company's Charles Town Races by 1,000 to 4,500.
Judge Addresses Racing License
3 Mar 2004
News Brief: A Penobscot County Superior Court justice has granted legal standing to all of the parties that requested it with regard to the Maine Harness Racing Commission's decision to issue a conditional racing license to Penn National Gaming Inc.
Maine Tribes Want Ruling Overturned
19 Feb 2004
News Brief: Two Maine Indian tribes and the group Casinos No! want a state court to take back a conditional racing license awarded to Penn National Gaming.
Penn National Approved for Maine Track License
18 Feb 2004
News Brief: Maine Harness Racing Commission on Tuesday unanimously approved a conditional license for Penn National Gaming Inc. to operate Bangor Raceway.
Penn Defaults on Louisiana Casino Payments
17 Feb 2004
News Brief: Since acquiring Hollywood Casino Shreveport in its purchase of Hollywood Casino Corp. last year, Penn National Gaming Inc. has refused to make mortgage payments on the casino.
Analysts: Penn Proposal Bad Deal for Illinois
5 Feb 2004
News Brief: The fine print in an unusual and seemingly lucrative offer for a now-dormant Illinois casino license would virtually ensure the bidder a quick profit while saddling the state with payments on more than $700 million in new debt, according to gambling industry analysts.
Penn's Rivals Question Illinois Proposal
2 Feb 2004
News Brief: Penn National Gaming's rivals wonder if the fix is in for Penn to manage a state-owned casino, something Governor Blagojevich's office flatly denies.
Penn National Makes Bid on Illinois License
30 Jan 2004
News Brief: Penn National Gaming has offered to pay more than $500 million for a license to open the state's final riverboat, the rights to which are held by the bankrupt Emerald Casino, according to sources.
Penn National Gaming Appoints New Director
30 Jan 2004
Penn National Gaming reports the appointment of Barbara Z. Shattuck, 53, to its Board of Directors.
Penn National Gaming Submits Bid for Illinois License
22 Jan 2004
Penn National Gaming has submitted a bid to finance and construct a casino in the greater Chicago area.
Maine Officials Probe Track Owners
15 Jan 2004
News Brief: Bangor, Maine officials asked pointed questions and learned a few things about the company expected to assume ownership today of Bangor Historic Track Inc., which operates Bangor Raceway.
Maine Racino Sale Confirmed
9 Jan 2004
News Brief: Penn National Gaming has it plans to buy Bangor Historic Track from rival Shawn Scott and develop Maine's first racetrack with slot machines.
Penn National to Purchase Bangor Historic Track
8 Jan 2004
Penn National Gaming entered into an agreement with Capital Seven, LLC to purchase all of the shares of Bangor Historic Track, Inc. and has secured an option to purchase the interests in Vernon Downs.
Pennsylvania's No-Slots Budget Hits Gaming Stocks
23 Dec 2003
News Brief: Shares of slot machine maker International Game Technology and casino operator Penn National Gaming Inc. fell sharply on Monday as Pennsylvania neared a budget deal without legalizing gambling.
Penn National Gaming, Scarborough Downs Enter Agreement
10 Dec 2003
Penn National Gaming has been granted an economic interest in and the exclusive rights to develop and operate any gaming facilities that Scarborough Downs may be entitled to develop.
Penn National Gaming Launches Debt Offering
24 Nov 2003
Penn National Gaming, Inc. plans to offer $200 million of Senior Subordinated Notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.
Penn National in Talks with Wembley
20 Nov 2003
Penn National Gaming, in discussions concerning the possible cash acquisition of some or all of the assets and operations of Wembley plc.
Drinks at Slots is Gamble for Some
4 Nov 2003
News Brief: The latest approach in Pennsylvania would let casinos give patrons one free drink per visit.
Colorado Casinos Oppose Slots at Tracks
22 Oct 2003
News Brief: Colorado's mountain casino owners are vehemently opposed to a ballot measure that would legalize slot-style gambling at five Front Range racetracks.
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