A winter storm has led to cancellation of racing at tracks from the Ohio Valley to New York.
Citing inclement weather, Mountaineer Park in Chester, West Virginia cancelled live racing for Monday and Tuesday, Feb. 5-6.
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.
Jockey Nick Santagata won his 4,000th race Tuesday at Penn National Race Course when Betsys Honor was placed first via disqualification in the second race.
Negotiations are currently underway between jockeys, management and horsemen at Philadelphia Park to have the amount of on-track accident insurance for riders increased from its current $100,000 to $1 million, but so far little progress has been made, according to Tony Black, who is helping spearhead the effort.
The grandstand/clubhouse facility at Penn National Race Course is in the final days of its almost 34-year history. Racing fans with a fondness for the track with a mountain view are expected to make the trip for the final two nights of racing.
Fair Hill Training Center, home to more than 400 horses, has instituted stringent guidelines to ensure the well being of all horses stabled at the facility and to provide the best opportunity for those same horses to race when entry restrictions lift later this month as nearby out of state racetracks.
Following the refusal of jockeys to ride the remainder of the live card after two races had been completed Jan. 7, Penn National Race Course in Grantville, Pa., announced Jan. 9 it would cancel live racing and training for this week while attempts are made to fix "inconsistent" portions of the racing surface.
Trainer Bruce M. Kravets won his 3,000th race Thursday night when Skip the Wedding captured the sixth race at Penn National.
A worker on the starting gate crew was killed at Penn National Race Course shortly after the start of the fourth race the evening of June 8.
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.
Harry F. Thompson, Jr., the leading trainer at Penn National eight of the past 10 years, has been suspended 315 days and fined $5,250 for positive tests of clenbuterol in 2002.
Penn National Gaming Inc. posted a jump of seven cents per share for the third quarter Oct. 26, in part due to higher revenues from its Charles Town Races operation.
The last time Salty Punch saw Smarty Jones it was a very brief visit, about as long as it took for Smarty to blow by him shortly after the start of the Pennsylvania Nursery Stakes last November. Five defeats later, Salty finally has found the winner's circle again, winning the six-furlong Danzig Stakes at Penn National.
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.
Maine's Harness Racing Commission voted Tuesday to give Penn National Gaming Inc. the go-ahead to operate Bangor Raceway, bringing slot machines a step closer to reality at the state's commercial tracks.
Penn National Gaming has submitted a bid to finance and construct a casino in the Chicago area. Penn National was one of seven companies interested in buying the bankrupt Emerald Casino and one of three companies that expressed interest in building a casino in Rosemont, Ill. Financial details of the bid were not disclosed.
For the second straight day, cold temperatures hampered racing at New York's Aqueduct Racetrack, with live racing cancelled for Saturday. Meanwhile, jockeys at Laurel Park refused to ride Saturday's nine-race card and racing was also cancelled at Philadelphia Park and Penn National.
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
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.
Penn National Gaming Inc. has named Eric Schippers vice president of public affairs, a new position at the company.
Penn National Gaming, Inc. today reported record second quarter results for the period ended June 30, 2003
Bits and pieces from around the industry...
A restriction on horses shipping into Philadelphia Park from Penn National due to three horses testing positive for equine herpesvirus type 1 (EHV-1) at Penn may be lifted early next week, officials for both Pennsylvania racetracks said Wednesday.
A small outbreak of equine herpes at Penn National Racecourse has prompted management of Philadelphia Park to bar horses shipping in to race as well as horses shipping out to "race and return" from the Grantville, Pa. oval.
Suffolk Downs was forced to cancel its live racing card on Saturday due to unsafe racing conditions caused by snow and rain from a storm that hit on Friday night and Saturday morning.
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.
With minimal discussion, Pennsylvania racing commissioners Thursday morning granted MTR Gaming permission to build and operate a new racetrack in Erie.
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.
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.
Public companies with ties to Thoroughbred racing slumped from 1-20% Monday as the resignation of Tyco International's chairman and growing investor skepticism dragged down the entire market.
Penn National Gaming will proceed with a 2-for-1 split of the company's common stock on June 25.
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.
MTR Gaming is as interested in acquiring an Ohio racetrack as it is in building a new track in Erie, Pa., according to the company's president.
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 stock has been down about $1 per share Tuesday on speculation it may be a potential buyer of a $400 million casino company.
The winds which swept through the eastern half of the United States over the weekend left behind a casualty at Penn National Race Course--the infield tote board.
Magna Entertainment announced Friday it plans to proceed with an offering of 20 million shares of Class A stock.
Zippy Chippy extended his string of futility to 93 races Thursday night at Penn National, finishing eight in a five-furlong maiden special weight race.
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.
Churchill Downs is one of 70 leading public and private companies asked to do a presentation before investors Wednesday morning at the 11th Annual CIBC World Markets Gaming, Lodging, and Leisure Conference in New York City.
Penn National Gaming (Nasdaq:PENN) received about $96.1 million in net proceeds from a common stock offering of 3.35 million shares.
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 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 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.
Magna Entertainment stock hit a new 52-week high of $10.25 Friday morning. The Canadian racing conglomerate stock price has been on a steady march upward since mid-January when it was trading for around $7 per share. Churchill Downs and Penn National keep trading at a premium on the heels of a Bear Stearns report on account wagering.
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