Keyword: Penn National Gaming Inc.

  • 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."

  • Carlino: 'We're Not Running Public Charity'

    Penn National Gaming Inc. believes racetrack gaming can be a major economic driver but shouldn't be viewed as a means to increase pari-mutuel wagering on racing, company president Peter Carlino said.

  • PNGI Purchase of Rosecroft in Maryland Upheld

    A U.S. District Court judge in Maryland Feb. 2 upheld the purchase of shuttered Rosecroft Raceway by Penn National Gaming Inc., which operates a casino in the state and owns 49% of the Maryland Jockey Club.

  • PNGI Explores Option to Move Ohio Tracks

    Penn National Gaming Inc. confirmed Jan. 21 there is a possibility it may attempt to relocate one or both of its Ohio racetracks to avoid competition with full-scale casinos the company is building nearby.

  • Laurel Park

    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.

  • Laurel Park

    MJC Plan Rejected; Laurel, Pimlico in Limbo

    Racing in Maryland for 2011 is in limbo after the Maryland Racing Commission Nov. 29 rejected a plan submitted by the Maryland Jockey Club and also rejected owner MI Developments' plan to sell 49% of the tracks to PNGI.

  • Laurel Park

    Maryland Horsemen Fighting for Race Dates

    With a Dec. 1 deadline on racing dates looming, Maryland horsemen are advocating a schedule similar to that of 2010 even though a shutdown of Laurel Park for live racing and training is on the table.

  • MJC Considers Options in Wake of Slots Vote

    The Maryland Jockey Club will map out a plan for the future over the next several weeks and the closure of Laurel Park for live racing and training remains a real possibility, officials said Nov. 3.

  • 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.

  • Thistledown

    Panel OKs Sale of Beulah Park, Thistledown

    The Buckeye State welcomed two new racetrack operators June 23 as the Ohio State Racing Commission approved the sale of both Beulah Park and Thistledown, which are to be purchased by casino companies.

  • OH Court: Nothing Wrong With Gaming Probe

    The Ohio Supreme Court unanimously ruled April 30 it's not illegal for Secretary of State Jennifer Brunner to try to determine the parties behind an organization that challenged a 2009 directive on racetrack gaming.

  • Penn Gaming: No Plans to 'Flip' Beulah Park

    The Ohio State Racing Commission met with four representatives from Penn National Gaming Inc. April 20 to question them on the proposed purchase of Beulah Park in Grove City, Ohio.

  • Lengthy Purse Dispute Resolved in New Jersey

    A battle over purse supplements for a New Jersey harness track that dates back to 2008 was resolved with the Feb. 6 announcement that purses at Freehold Raceway will increase by almost $5 million over the next year.

  • WV Panel Pursues Appeal on Exclusion Cases

    The West Virginia Racing Commission voted unanimously Dec. 7 to pursue an appeal of a ruling by a circuit court that said it can't conduct hearings into exclusion cases at Charles Town Races & Slots.

  • 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.

  • 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.

  • WV Court: Panel Can't Hear Exclusion Cases

    A West Virginia court has ruled the state racing commission is prohibited from conducting hearings on racetrack exclusions because it "lacks the authority to unilaterally reinstate an ejected permit-holder over the objection of a racing association."

  • 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.

  • Thistledown

    Magna Sells Two Tracks and Makes a Third Deal

    A Delaware bankruptcy judge approved the sale of Magna Entertainment Corp.-owned Thistledown in Ohio to Harrah's Entertainment for $89.5 million and Remington Park in Oklahoma City for $80.25 million to a Chickasaw Nation subsidiary. An agreement also has been reached to sell Lone Star Park for $27 million.

  • 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.

  • Penn National Race Course

    United Tote Addressing Penn National Glitch

    A United Tote official said June 8 the company is working with Hollywood Casino at Penn National Race Course on tote communications failures that have led the track to stop taking wagers when the first horse is loaded into the starting gate for each race.

  • Suspended Jockeys Ride at Charles Town

    Two jockeys suspended at Charles Town Races & Slots picked up mounts at the West Virginia track April 18 in the wake of a court order allowing them to access the grounds and to compete in races pending a hearing.

  • Racetrack Exclusions Get Tested in WV

    The right of racetrack exclusion is being tested in West Virginia, where Charles Town Races & Slots is seeking to keep the state racing commission from holding hearings to consider granting three individuals reinstatement to the facility.

  • Casinos Versus Racetrack Slots in Ohio

    In anticipation of a push by a consortium for casino gambling in Ohio's four largest cities, the Ohio State Racing Commission is formulating its own legislative proposal for video lottery terminals at the state's seven racetracks.

  • 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.