Penn National Gaming Inc

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Carlino: 'We're Not Running Public Charity'

Carlino: 'We're Not Running Public Charity'

Penn National Gaming Inc. believes racetrack gaming can be a major economic driver but shouldn't be viewed as a means to increase pari-mutuel wagering on racing, company president Peter Carlino said.

All Five Aqueduct Bidders Meet Deadline

All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.

PNGI Still in Hunt for Aqueduct VLT Contract?

Penn National Gaming Inc., believed to be facing an uphill battle in the bidding wars to develop a video lottery terminal casino at Aqueduct, has offered the cash-starved New York state government $250 million in a non-contingency, upfront payment for the exclusive contract and believes it's still in the hunt for the project.

MEC Racetrack Sales Moving Along Slowly

MEC Racetrack Sales Moving Along Slowly

The Chickasaw Nation appears well on its way to purchasing Remington Park in Oklahoma from Magna Entertainment Corp., but the fate of other MEC racetrack holdings is fuzzy at best.

Things Get Messy in Ohio Gambling Battle

A document submitted Sept. 1 suggests Penn National Gaming Inc. is underwriting an effort to overturn racetrack video lottery terminals legalized by Democratic Gov. Ted Strickland and the Ohio legislature in July, but the Pennsylvania-based company said the information is false.

Racetrack Exclusions Get Tested in WV

The right of racetrack exclusion is being tested in West Virginia, where Charles Town Races & Slots is seeking to keep the state racing commission from holding hearings to consider granting three individuals reinstatement to the facility.

Casinos Versus Racetrack Slots in Ohio

In anticipation of a push by a consortium for casino gambling in Ohio's four largest cities, the Ohio State Racing Commission is formulating its own legislative proposal for video lottery terminals at the state's seven racetracks.

PNGI Seeks Dismissal of Shareholder Suit

Penn National Gaming Inc. has asked a Maryland federal court to dismiss a lawsuit brought against the company for alleged securities violations inherent to its failed buyout deal earlier this year, claiming the legal action is an attempt by the plaintiffs to recover bad investment decisions.

Racing, Gaming Clash in NJ Purse Dispute

An ugly dispute over purse supplements for a New Jersey harness track could have long-term ramifications as officials devise a plan for the future of horse racing in the Garden State, and it also sheds light on the complications that can arise when racing and gaming are linked.

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