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PNGI Has Solid Quarter, Likes Its Chances

Penn National Gaming Inc. reported solid numbers for the second quarter of 2011 and said it expects good things from existing and potential properties despite increased competition.

 Thursday, July 21, 2011

PNGI Has Agreement to End MJC Partnership

Penn National Gaming Inc. said June 16 it has a "definitive agreement" to terminate its partnership in the Maryland Jockey Club.

 Thursday, June 16, 2011

PNGI Says Ballot Question Key to Texas Plans

Penn National Gaming Inc. officials said April 21 they believe if the question of racetrack video lottery terminals makes the ballot in Texas it has a good chance to pass.

 Thursday, April 21, 2011

PNGI Closes on Purchase of Maryland Track

Penn National Gaming Inc. confirmed March 1 it has closed on the purchase of Rosecroft Raceway, a Maryland harness track it won in a bankruptcy auction.

 Tuesday, March 01, 2011

PNGI Continues Looking for Growth Markets

Penn National Gaming Inc. said 10 of its 15 gaming properties increased net revenue and that it intends to "expand its presence to any jurisdiction considering the expansion of gaming."

 Thursday, February 03, 2011
Chaos, Mistrust in Maryland as Clock Ticks

Chaos, Mistrust in Maryland as Clock Ticks

A horsemen's representative acknowledged Dec. 21 there's still a little more than a week to get a racing schedule in place in Maryland for 2011, but he said chances are slim if the situation isn't resolved before Christmas.

 Wednesday, December 22, 2010

PNGI Closes on Deals in Ohio, Maryland

Penn National Gaming Inc. said July 1 it has closed on two key deals: the purchase of Beulah Park in Ohio, and its investment in a joint venture with MI Developments in the Maryland Jockey Club.

 Thursday, July 01, 2010

Maryland Tracks, PNGI Have Operating Deal

The Maryland Jockey Club, now operated by MI Developments, will be jointly operated by Penn National Gaming Inc. upon closure of the deal, the two entities announced May 7.

 Friday, May 07, 2010
Penn Gaming Has Agreement to Buy Beulah Park

Penn Gaming Has Agreement to Buy Beulah Park

Penn National Gaming Inc. said March 8 that it has entered into a definitive agreement to purchase Beulah Park in Grove City, Ohio.

 Monday, March 08, 2010
NY Waffling Frustrates Penn National Gaming

NY Waffling Frustrates Penn National Gaming

Foot-dragging and midstream rule changes look like prejudice against Penn National Gaming, according to Peter Carlino, the Pennsylvania-based company's CEO and chairman.

 Tuesday, January 26, 2010
Penn Gaming Advocates Ohio Casino Plan

Penn Gaming Advocates Ohio Casino Plan

Penn National Gaming Inc. officials Oct. 21 advocated their proposal for casino gambling in Ohio's four largest cities -- an issue that will be decided via referendum Nov. 3.

 Wednesday, October 21, 2009

Charles Town to Pursue Vote on Table Games

Penn National Gaming, Inc. said Aug. 6 it will request to hold a special December referendum for table games at Charles Town Races & Slots.

 Friday, August 07, 2009

PNGI Poised to Capitalize on Ohio Gaming

Penn National Gaming Inc. officials see upside to an expansion of gambling in Ohio, but said they have no idea how it will shake out.

 Wednesday, July 29, 2009
Penn National Criticizes Vegas Chatter

Penn National Criticizes Vegas Chatter

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

PNGI 'Not Enthused' About Maryland Slots

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

Lawsuit Filed Over Penn National Deal

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
PNGI Purchases Option on Maryland Land

PNGI Purchases Option on Maryland Land

Penn National Gaming Inc. said July 7 it has secured an exclusive 18-month option to purchase about 36 acres in Cecil County, Md., for the purpose of constructing a slot-machine casino.

 Tuesday, July 08, 2008
Penn National Gaming Profits Dip

Penn National Gaming Profits Dip

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.

 Thursday, April 24, 2008
Penn National Profit Declines

Penn National Profit Declines

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

Penn National Gaming to Purchase New Mexico Track

Penn National Gaming Inc. has entered into a definitive agreement to purchase Zia Park Racetrack and its Black Gold Casino for $200 million, the company announced Nov. 7.

 Wednesday, November 08, 2006

Penn National Sets Up Hotline for Gulf Coast Casino Employees

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

Penn National Reports Record Third Quarter

Penn National Gaming, Inc. (PENN: Nasdaq) today reported record third quarter results for the period ended September 30.

 Friday, October 25, 2002

Penn's First Quarter Sets Records, But Profits Still Slide

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

Charles Town to Gain 1,500 Slots

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 Announces Record Fourth Quarter and Stock Offering

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.

 Monday, February 04, 2002

Penn National Has Record First Quarter

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.

 Monday, April 23, 2001

Online Wagering, Complete With 'Betting Bunny'

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 Soaring on Slot and Casino Income

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