Penn National Gaming Inc. Oct. 26 announced strong financial results for the three months ended Sept. 30, but executives at the casino and racetrack owner are reportedly concerned about potential expansion of gaming in Pennsylvania.
Racetrack and casino owner Penn National Gaming announced Aug. 3 that it acquired Rocket Games, a leading developer of social casino games, for approximately $60 million cash.
The Stronach Group May 16 said it has entered into an agreement to purchase Rosecroft Raceway, one of two harness tracks in Maryland and a major off-track wagering outlet for Thoroughbred racing, from owner Penn National Gaming Inc.
On a day in which Hollywood Gaming at Mahoning Valley Race Course posted record single-program pari-mutuel handle of $1,182,223, a record payoff of $415.20 for a $2 wager provided a trainer with her first-ever career victory.
A ballot question that would allow a slot machine parlor near Suffolk Downs has cleared a hurdle and could appear on the statewide Massachusetts ballot in November.
The Penn Gaming Racing Challenge, which links major races at tracks owned by Penn National Gaming Inc., will contest its fifth and final leg of the year at three racetracks Thanksgiving week.
The Ohio State Racing Commission and Penn National Gaming Inc., which owns Hollywood Gaming at Mahoning Valley Race Course, are investigating a race in which the wrong horse not only ran, but won and paid $222.40.
The ownership groups of Suffolk Downs and the Brockton Fairgrounds, which has not hosted Thoroughbred racing since 2001, have filed applications with the Massachusetts Gaming Commission for live racing dates in 2016.
Strong second quarter revenues for Penn National Gaming Inc. helped the racetrack and casino owner to increased net income compared with the same quarter last year.
A former president of the Charles Town Horsemen's Benevolent and Protective Association who was barred from Hollywood Casino at Charles Town Races for almost 10 years has won his appeal for reinstatement.
Pinnacle Entertainment, which owns Belterra Park in Ohio and more than 10 other casinos in the United States, has confirmed it has received a proposal from Gaming and Leisure Properties to acquire its real estate assets.
Hollywood Gaming at Mahoning Valley Race Course will increase overnight purses by more than 5% effective March 2. The 2015 winter/spring meet at the Ohio track runs through April 25.
The West Virginia Racing Commission, as part of an investigation into a head-on collision during a Dec. 13 race at Hollywood Casino at Charles Town Races, said it will look into funding to pay for an independent review.
Owners Ken and Sarah Ramsey, trainer Chad Brown, and jockey Javier Castellano finished atop the standings in the inaugural Penn Gaming Racing Challenge, which concluded Nov. 29.
Hollywood Gaming at Mahoning Valley Race Course held its first-ever racing program Nov. 24 before a fairly large crowd on a wild weather day in northeastern Ohio.
Hollywood Gaming at Mahoning Valley Race Course opened its barn area and dirt racing surface for training as scheduled Nov. 10 in advance of a Nov. 24 opening day.
The Supreme Court of Appeals in West Virginia has ruled the state racing commission has the power to place the burden of proof on racetracks should they choose to eject permit-holders from their facilities.
Though Hollywood Gaming at Mahoning Valley Race Course in Ohio is open for business, construction continues on the stable area in advance of the scheduled Nov. 24 launch of Thoroughbred racing.
Owners Ken and Sarah Ramsey, trainer Chad Brown, and jockey Javier Castellano remained at the top of the standings of the Penn Gaming Racing Challenge after action Sept. 20 at Hollywood Casino at Charles Town Races.
The Massachusetts Gaming Commission said no dice to the state's Thoroughbred racing and breeding industry when it cast a preliminary 3-1 vote Sept. 16 in favor of awarding the sole Boston area casino license to Wynn Resorts.
Despite a 14.3% decrease in net revenue, Penn National Gaming Inc. July 24 reported net income of $2.8 million for the second quarter of this year versus a $12.2 million loss for the same three months of 2013.
Penn National Gaming Inc. will open a new off-track wagering facility in southern New Jersey July 2. It will be the fifth OTW facility in New Jersey.
The future of live Thoroughbred racing in New England became cloudier June 24 after the Massachusetts Supreme Judicial Court ruled that a referendum to repeal the state's casino law may appear on the November ballot.
Beulah Park, which ended live horse racing for good May 3, has partnered with Jennings Auction Group to sell the assets of its Grove City, Ohio, property.
Gaming and Leisure Properties, a real estate investment trust spinoff of Penn National Gaming Inc., said May 14 it has an agreement to purchase The Meadows Racetrack and Casino in western Pennsylvania for $465 million.
Hollywood Gaming at Mahoning Valley Race Course received a racing permit from the Ohio State Racing Commission March 27 and plans to offer 21 days of Thoroughbred racing this fall.
The New Hampshire House of Representatives, which has killed every piece of casino legislation in modern times, again rejected expanded gambling March 13 by a vote of 173-144.
The Ohio Horsemen's Benevolent and Protective Association has signed 10-year racing agreements with the under-construction Hollywood Gaming at Mahoning Valley Race Course and ThistleDown Racino, formerly known as Thistledown.
The struggling Massachusetts harness racing industry received a huge boost Feb. 27 when the Massachusetts Gaming Commission selected Penn National Gaming proposal to build a slots parlor at Plainridge Race Course.
Penn National Gaming Inc. and the Ohio Horsemen's Benevolent and Protective Association have reached an agreement in regard to the under-construction Youngstown-area racetrack that will replace Beulah Park.
Julien Leparoux, Mike Maker, and Ken and Sarah Ramsey, who teamed to win the John B. Connally Turf Cup (gr. IIIT) at Sam Houston Jan. 25, top the standings in the jockey, trainer, and owner categories for new series.
Construction of a new racetrack gaming facility in the Mahoning Valley is well under way, but the track's owner and the Ohio State Racing Commission continued a battle over a commitment on the number of stalls Jan. 23.
William "Bill" Bork Jr., a longtime horse racing executive, died Jan. 14 in Reading, Pa. He was 80.
Hollywood Casino at Penn National Race Course posted a record daily average pari-mutuel handle for its 197-night meet in 2013, a track official said Dec. 30.
MGM Resorts International has won a three-way race for a license to build a resort casino in Prince George's County, Md., just south of Washington, D.C. And the future of a racetrack remains up in the air.
With a deadline fast approaching, Ohio racetracks and horsemen's groups indicated Dec. 19 they are close to having definite deals on the percentage of video lottery terminal revenue that will go to purses.
Penn National Gaming Inc., which is seeking a license to build a resort casino in Maryland, has taken the bold step of announcing it will share its profits with the community in Prince George's County.
Horse racing will receive a share of gaming revenue from the casinos that will be built in Massachusetts, but during an Oct. 16 forum on the industry, stakeholders asked a question: What good is the money without racetracks?
After months of internal discussion and planning, Penn National Gaming Inc. said Sept. 24 it will link major stakes at its tracks beginning in 2014.
River Downs, demolished earlier this year to make way for an integrated racing and gaming facility, plans to open in early May in 2014 and race through September, according to a request for racing dates.
Penn National Gaming Inc. reported a net loss of $12.2 million for the second quarter of 2013, compared with a profit of $69.6 million for the three months in 2012.
Penn National Gaming Inc., in partnership with another company, has submitted a plan to build a racetrack casino in Lawrence County, Pa., not far from its proposed Hollywood Mahoning Valley Race Course near Youngstown, Ohio.
The inaugural $500,000 Penn Mile June 1 helped Penn National Gaming Inc. continue a trend of sharp gains in pari-mutuel handle on "big event" programs at the company's racetracks.
Penn National Gaming Inc. has submitted a formal proposal to build a $700 million casino and resort on the grounds of Rosecroft Raceway, a harness track located just south of Washington, D.C., in Prince George's County, Md.
After months of negotiations that held up regulatory approval, the Ohio State Racing Commission May 1 signed off on plans for River Downs to move its 2013 live racing dates to Beulah Park.
The Ohio State Racing Commission April 16 once again deferred action on a proposal to transfer the River Downs meet to Beulah Park because horsemen and Penn National Gaming Inc. have no contract for the meet.
A plan to shift the 2013 River Downs meet to Beulah Park remains on hold, and developers of new racetrack gaming facilities in Ohio were told to go back to the drawing board in terms of indoor seating for racing patrons.
Companies that plan to construct new racetrack gaming facilities in Ohio have been summoned to appear before the Ohio State Racing Commission for a third time March 27.
The Ohio State Racing Commission March 20 postponed a decision on a plan to transfer summer racing dates at River Downs near Cincinnati to Beulah Park near Columbus.
Trainer Patty Burns, banned from Hollywood Casino at Charles Town Races since early 2008, has won her appeal of the ejection.
