With Philadelphia Park about ready to open its slot-machine parlor, gaming at Mohegan Sun at Pocono Downs, located in a much smaller market, has exceeded expectations after the first two weeks of operation.
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 Downs at Pocono, a Standardbred facility that held Thoroughbred meets in the 1970s, could become the first Pennsylvania racetrack owned by an Indian tribe should regulators approve a $280-million deal between Penn National Gaming Inc. and the Mohegan Tribal Gaming Authority.
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