News, Articles, Videos and other content about Carlino

Penn National Enters into Agreement on Gaming Operations in Maine

Penn National Gaming, Inc., announced Wednesday that it has entered into an agreement with Davric Maine Corporation and Scarborough Downs which grants Penn National Gaming an economic interest in and the exclusive rights to develop and operate any future gaming facilities that Scarborough Downs develops

Penn National Opposes Card Tables in W. Va.

The owner of the Charles Town Races & Slots doesn't like the idea of adding table games to West Virginia's four racetracks, and Gov. Bob Wise isn't ready to embrace the idea either.

Stock Offering to Raise $79.1 million for Penn National

Penn National Gaming's public offering of 4 million shares will sell for $30.50 per share, the company announced today. The net proceeds of about $79.1 million from the offering will be used to repay debt.

Penn National Announces Record Fourth Quarter and Stock Offering

Penn National reported a record fourth quarter Monday with revenue climbing 48.1% and net income jumping 105.2%. The Pennsylvania racetrack and casino company also announced it will be offering 2.5 million in additional shares of common stock, which should generate about $74 million. Another 1 million shares will be offered at the same time by the Carlino Family Trust.

Most Popular Stories