Las Vegas casino executive Steve Wynn has pulled out of the running for the long-stalled Aqueduct casino project, sources said Nov. 4.
Wednesday, November 04, 2009
The six bidding groups vying for the Aqueduct casino rights have been asked to submit their "final" offers -- again -- to the state of New York, along with a new promise for a large and quick payment.
Monday, November 02, 2009
Gov. David Paterson and New York legislative leaders met behind closed doors Oct. 29 in Manhattan to try to resolve the selection of an operator for the long-stalled Aqueduct video lottery terminal casino project.
Thursday, October 29, 2009
On a day where Penn National Gaming reported a $40.66 million profit for the first quarter of 2009, executives criticized recent reports the company was pursuing multiple casino properties in Las Vegas.
Thursday, April 23, 2009
After absorbing a $378.6-million loss in 2008's fourth quarter alone, Penn National Gaming Inc. posted an annual loss of $153.3 million for the year, and said while it isn't "enthused" about developing a potential new slots facility in Maryland, it will pursue those plans.
Thursday, February 05, 2009
Shares of Magna Entertainment Corp. plummeted by more than 50% on heavier than average volume Sept. 30, prompting more concern for the owner of the site of next month's Breeder' Cup World Championships.
Tuesday, September 30, 2008
A Maryland attorney who is a shareholder of Penn National Gaming Inc. has filed a styled class-action lawsuit against the publicly-traded gaming company and certain of its executives over the failed buyout attempt by two investment entities.
Friday, September 12, 2008
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.
Thursday, February 07, 2008
By James Platz - While not a surprise, Churchill Downs' decision to sell Hoosier Park reflects on the health of the Indiana racing industry.
Wednesday, January 03, 2007
Christopher M. McErlean is resigning as vice president of racing operations with New Jersey Sports & Exposition Authority to join Penn National Gaming Inc., as vice president of racing next month.
Thursday, December 07, 2006
Penn National Gaming officials reported substantial gains for the first quarter ending March 31, 2006. The Pennsylvania-based racetrack and casiono company showed a 128% rise in post-EBITDA earnings, reporting$164.8 million for the period.
Tuesday, April 25, 2006
A second group has announced plans to seek a constitutional amendment to place a vote on video slots at racetracks in Ohio on the November ballot.
Wednesday, April 05, 2006
In the aftermath of Hurricane Katrina, which struck the Mississippi Gulf Coast on Monday, Aug. 29, Penn National Gaming, Inc. announced today Thursday it has established a toll-free employee assistance 'Hotline' (1-800-598-0756) for its displaced employees at the company's Casino Magic-Bay St. Louis and the Boomtown Biloxi Casino.
Thursday, September 01, 2005
Charles Town Races and Slots in West Virginia has announced the cancellation of its live racing program scheduled for Thursday, Sept. 30, after stopping its Sept. 29 card short after just four recorded races.
Thursday, September 30, 2004
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.
Tuesday, September 28, 2004
Three finalists for a dormant casino gaming license in Illinois currently held by bankrupt Emerald Casino Inc. were named by the state gaming board Wednesday.
Thursday, February 26, 2004
Bid amounts were announced for a dormant Illinois casino license, with Penn National Gaming submiting the highest offer.
Friday, February 06, 2004
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.
Monday, October 14, 2002
With both gubernatorial candidates supporting slot machines at racetracks, a flurry of applications for new licenses were presented to the Pennsylvania State Racing Commission last week in anticipation of the expanded gaming revenue.
Tuesday, October 01, 2002
The former president of Pocono Downs has a plan to bring Standardbred racing back to the Delaware Valley, but some view his proposal as an attempt to cash in on slot machines should the Pennsylvania legislature approve such a measure.
Tuesday, August 20, 2002
Penn National Gaming announced Wednesday it will acquire three more casinos for $780 million.
Thursday, August 08, 2002
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.
Thursday, July 25, 2002
Racetrack and casino operator Penn National Gaming is reportedly in talks to buy one of its smaller casino rivals, Hollywood Casino Corp.
Tuesday, July 09, 2002
Penn National Gaming will proceed with a 2-for-1 split of the company's common stock on June 25.
Wednesday, May 22, 2002
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.
Tuesday, April 23, 2002
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.
Tuesday, April 02, 2002
Penn National Gaming stock has been down about $1 per share Tuesday on speculation it may be a potential buyer of a $400 million casino company.
Tuesday, March 19, 2002
Magna Entertainment announced Friday it plans to proceed with an offering of 20 million shares of Class A stock.
Friday, March 08, 2002
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.
Thursday, February 28, 2002
Penn National Gaming (Nasdaq:PENN) received about $96.1 million in net proceeds from a common stock offering of 3.35 million shares.
Thursday, February 21, 2002
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.
Wednesday, February 20, 2002
A Nevada court on Jan. 25 dismissed a lawsuit that attempted to label Charles Town Races as a casino and force racetrack owner Penn National Gaming to pay a management fee to a previous owner of the track. The suit, which was filed by Showboat Development, was dismissed on the grounds that case should be heard in West Virginia, where the track is located.
Wednesday, January 30, 2002
Penn National Gaming reported a 67.3% increase in revenue and a 52.5% increase in net income for the third quarter. In other news, the company is seeking dismissal of a lawsuit filed against Charles Town Races by Showboat Development over the rights to operate slot machines and video lottery terminals at the company's West Virginia racetrack. If the case is not dismissed, Penn National wants the case moved out of Nevada to a West Virginia court.
Thursday, October 25, 2001
Churchill Downs' board of directors authorized the repurchase of up to 55,000 shares. The buy-back was authorized to help stablize the company's stock price and contribute to stablizing the market overall. Despite financial experts pleas to investors that they should not react to the terrorist attacks in New York and Washington D.C., the major stock markets sustained significant losses.
Monday, September 17, 2001
Penn National Gaming has agreed to purchase the assets of the Bullwhackers Casino operations from Colorado Gaming and Entertainment Co., a subsidiary of Hilton Group, for $6.5 million in cash. The Pennsylvania-based company already has gaming holdings in Louisiana and West Virginia.
Thursday, August 30, 2001
A new subsidiary of MTR Gaming Group, owner of Mountaineer Racetrack & Gaming Resort, has applied for a license to construct a Thoroughbred racetrack in Erie, Pa. Live racing hasn't been held in Erie since the late 1980s.
Thursday, June 21, 2001
Remember Tioga Park in New York's southern tier? If you don't, you're not alone. But the former Quarter Horse track is being shopped around as a potential investment in light of the fact the concept of video lottery terminals at racetracks is generating much discussion in the state legislature. Meanwhile, Gov. George Pataki said the VLT proposal would be considered.
Tuesday, June 19, 2001
Bill Bork, the longtime racetrack executive who spent much of his time in Pennsylvania, where he even helped get old Pitt Park off the ground, will retire as president of Penn National Gaming in May. Richard Orbann, president of soon-to-close Garden State Park and a top official with Pennwood Racing, will take over for Bork.
Tuesday, April 17, 2001
Penn National Gaming has inked a deal with Playboy Enterprises to develop PlayboyRacingUSA.com, the company's online pari-mutuel wagering site. Operations could begin by the third quarter of 2001.
Monday, April 16, 2001
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.
Thursday, February 08, 2001
PlayandWin Inc. and Penn National Racecourse, a wholly owned subsidiary of Penn National Gaming, Inc, have reached an agreement under which Penn National will act as a wagering hub for all hosting services for Racingo in the United States.
Tuesday, November 28, 2000
Although the biggest players in North American racing are among the bidders for the New York City Off-Track Betting Corporation, the New York Racing Association reportedly has the inside track to purchase the company.
Wednesday, August 30, 2000
