Penn National Gaming Inc

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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.

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.

Penn Takes Stand on Equine Health

Penn Takes Stand on Equine Health

Penn National Gaming Inc., second only to Magna Entertainment Corp. in terms of number of racetrack holdings in North America, said July 15 it has developed equine health and safety initiatives it hopes implement at all of its properties in six jurisdictions.

PNGI Terminates Merger Agreement

Penn National Gaming Inc. has entered into an agreement with PNG Acquisition Co., an entity indirectly owned by certain funds managed by affiliates of Fortress Investment Group LLC and Centerbridge Partners, L.P., to terminate the proposed merger agreement whereby PNGI was to be acquired by PNG Acquisition Co. for $67 per share.

Barred Horseman Seeks State Office

A horseman barred from the grounds of Charles Town Races & Slots is running for state office in West Virginia, and his opponent is a former Miss West Virginia who works for the company that excluded him.

Has Barred Couple Hit a Dead End?

Has Barred Couple Hit a Dead End?

Dick and Janene Watson were at the forefront of the rebirth of Charles Town Races when video lottery terminals began operating in the mid-1990s. But they haven't been able to race their horses for the track's gaming fueled-purses for more than two years, and perhaps might never get the chance again.

PNGI Won't Purchase Maryland Track

Penn National Gaming Inc. said Nov. 28 it will not purchase Rosecroft Raceway, a Maryland harness track, in light of the fact the facility will not be eligible for slot machines under legislation passed by the Maryland General Assembly.

Maryland Lawmakers Float Another Slots Plan

Republican members of the Maryland House of Delegates have proposed a state budget that would limit growth in spending and derive hundreds of millions of dollars in revenue from slot machines to combat a $1.5-billion shortfall. There were no details on how the horse industry would benefit.

McErlean Leaves NJSEA for Penn National Slot

  • News

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.

Marketing, Slots Getting Push in Maryland

  • News

The head of a new Maryland panel designed to better market horse racing said he expects the state legislature to reach consensus on slot-machine legislation next year.

Charles Town Fires Placing Judges

Charles Town Races & Slots in West Virginia fired three placing judges who called the wrong order of finish for the second race Sept. 9, according to head state steward Danny Wright.

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