Casino and racetrack operator Penn National Gaming Inc., which is under contract to be purchased by two private entities, said April 24 its first-quarter profit dipped 5% on pre-opening expenses and economic challenges.
Aqueduct, Penn National, and other tracks canceled live racing Wednesday due to inclement weather.
Penn National Gaming Inc. said Feb. 7 fourth-quarter profit fell 63%, and the company blamed the losses in part on inclement weather at some of its largest properties.
Penn National Gaming Inc., which operates casinos and racetracks, said Dec. 12 its shareholders overwhelmingly approved its $6.1-billion takeover by two investment companies.
Penn National and Charles Town racetracks have imposed restrictions on horses shipping to their tracks as a result of suspected cases of equine herpesvirus in the Mid Atlantic region.
Trainer Steven R. Brown won his 1,000th race on Jan. 18 when he sent out Getaway Car to a 9 1/2-length victory in the first race at Charles Town Races & Slots.
Willie Clark, who at one time was the oldest jockey to win a race, died Nov. 25 in Charles Town, W.Va.
A horse that had displayed symptoms of equine herpes virus has tested negative for the disease, resulting in the lifting of an embargo imposed by two West Virginia tracks on the Ohio farm where the horse was kept.
Retired track announcer Constantine L. "Costy" Caras, who learned his profession from the great New York announcer Fred "Cappy" Capossela, died Jan. 7 at a Charles Town, W.Va., health care center.
"Shannon Campbell Day" at Charles Town Races & Slots raised more than $75,000 to aid the jockey who was paralyzed in a racing accident at the West Virginia track.
Eleanor M. Casey, matriarch of one of West Virginia's most successful racing families, died July 28 after an accident at Charles Town racetrack.
The former president of the Charles Town Horsemen's Benevolent and Protective Association is calling for a special election in the wake of what he calls repeated attempts by the current president and board of directors to discredit him and his wife.
A West Virginia legislator whose district includes Charles Town Races & Slots is advocating a plan to enlarge the racing surface and, if necessary, renovate dilapidated Shenandoah Downs and race there during the down time--or perhaps permanently.
With a forecast for below-freezing temperatures and a wind chill factor in the single digits, Turfway Park has canceled its live racing program for the evening of Jan. 27.
Retired Charles Town superintendent Charles O'Bannon died Sept. 30 in Kearneysville, W.Va.
Live racing at Charles Town Races and Slots in West Virginia returned Saturday, Sept. 25 after a 12-day hiatus in which the track was forced to cancel eight days their live racing program. The facility was open for simulcasting during the respite.
Live racing at Charles Town Races & Slots in West Virginia remains up in the air as work continues to correct a reported drainage problem on a racing surface just replaced this summer.
Just weeks before work is to begin on banking the turns of the racing surface at Charles Town Races & Slots, a new organization called "The Thoroughbred Club" claims a survey reveals support for expansion of the six-furlong track to seven furlongs.
Live racing at Charles Town Races & Slots will be suspended for about three weeks in August so workers can replace the racing surface, bank the turns, and install new lighting.
Citing track conditions, Turfway Park canceled races 4-10 on Sunday's 10-race card. Three races were completed without incident. Racing is scheduled to resume Wednesday, February 11, at 5:30 p.m.
The cold winter temperatures that have hit the Northeast have forced Aqueduct to cancel racing for Friday. The track will be open Saturday with a $761,021 Pick Six carryover.
At least five racetracks, including Aqueduct in New York and Laurel Park in Maryland, cancelled live racing Friday as a result of a snowstorm that hit the Northeast. Philadelphia Park and Penn National in Pennsylvania and Charles Town in West Virginia also cancelled live racing Friday.
A long-awaited proposal for the expansion of the racing surface at Charles Town Races & Slots in West Virginia will be circulated to horsemen, some of which have expressed concerns over the plan.
West Nile virus has been found in two horses at Charles Town Races and Slots in West Virginia, the Associated Press reported.
With the onset of snow in the Baltimore-Washington D.C. region Sunday causing a concern for the safety of horses and riders, officials at Laurel Park opted to cancel live racing after completion of the day's fourth race.
Turfway Park was forced to cancel its live race card on Wednesday following the forth race due to unsafe track conditions.
With the National Weather Service forecasting a winter storm that could dump up to 8 inches of snow on the East Coast, many of the region's racetracks cancelled live and simulcast racing Thursday.
Penn National Gaming, Inc. (PENN: Nasdaq) today reported record third quarter results for the period ended September 30.
Management and horsemen at Charles Town Races are discussing plans to expand the six-furlong racing surface and perhaps hold races at neighboring Shenandoah Downs during the upgrade.
Charles Town Races, which came back from the dead with the introduction on video lottery terminals in the late 1990s, will offer more than $1 million in purses this weekend in conjunction with the West Virginia Breeders Classics.
Penn National Gaming announced Wednesday it will acquire three more casinos for $780 million.
Gaming machines at Charles Town Races and expansions at Mississippi casinos helped Penn National report record revenue and earnings for the second quarter ending June 30.
Racetrack and casino operator Penn National Gaming is reportedly in talks to buy one of its smaller casino rivals, Hollywood Casino Corp.
Penn National Gaming reported record earnings and revenue for the first quarter ending March 31, but also had profits slip after a large write-off of debt.
Penn National Gaming will pay a $1 million settlement to a Las Vegas casino company that was suing over the casino rights to Charles Town Races.
Penn National Gaming has received permission Thursday from the West Virginia Lottery Commission to expand its slot machines at Charles Town Races by 1,500.
Showboat Development has reportedly re-filed in Pennsylvania a lawsuit related to the operating rights of slot machines at Charles Town Races. A similar lawsuit filed in Nevada last year was dismissed Jan. 25 because of a lack of jurisdiction.
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.
The chances of alternative gaming at Kentucky racetracks will lie in the hands of lawmakers, but as of mid-January, racetrack officials and horsemen's groups were said to be close to agreement on revenue splits, a crucial component of any legislation that may be introduced.
With the first major snowstorm of the year forecast for the Northeast, racing was cancelled Saturday at Laurel Park in Maryland, Philadelphia Park in Pennsylvania, and West Virginia's Charles Town.
Three past champions of the West Virginia Breeders Classic are among eight entered in the $250,000 race Saturday night at Charles Town.
Three past winners of the West Virginia Breeders Classic are among eight entered in the $250,000 race Saturday night at Charles Town.
Travis Dunkelberger, the nation's leading jockey with 259 wins, broke his collarbone Wednesday night at Charles Town Race Course and is expected to miss four to six weeks of riding according to his agent Steve Rushing.
A 45.9% increase in revenue at Charles Town Races helped its parent company Penn National acheive record revenue, earnings, and net income for the first quarter of the year.
Purses at Charles Town Races will increase another 5% for the condition book that begins March 15, which means daily average purses at the West Virginia track will be $125,000.
Penn National Gaming reported triple digit increases in revenue and earnings for the fourth quarter ending Dec. 31. Slot machines at Charles Town Races and two Mississippi casinos fueled the growth.
Charles Town has canceled live racing for Saturday due to extremely cold temperatures. The temperature in Charles Town, W. Va. was 25 degrees at just before 5:00 p.m. (EST), with temperatures expected to drop prior to the scheduled first post time of 7:15 p.m.
Weather conditions forced five tracks -- Turfway Park, Hawthorne Race Course, Mountaineer Park, Charles Town, and Penn National Race Course -- to cancel racing again on Friday. Friday's cancellation marks the seventh time in just over a week Turfway has canceled racing due to weather and Hawthorne's fifth such cancellation. Charles Town, Mountaineer and Penn National each have lost all or part of three cards recently.
As part of the its plan to become even more of an entertainment destination, Charles Town Races has embarked on its next major project -- a hotel and parking garage, both of which will be connected to the clubhouse.
Churchill Downs reports strong third quarter revenue and earnings gains, but warns the gains could be offset by the end of the year. Penn National also reports strong revenue and earnings.
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