Keyword: Peter Carlino

  • Penn REIT Has Agreement to Buy The Meadows

    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.

  • PNGI Moving Forward, But With Caution

    Penn National Gaming Inc., which has a host of projects in the works, is taking a cautious approach to 2013 in the wake of a "soft" fourth quarter in 2012, company officials said Jan. 31 during an earnings teleconference.

  • 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."

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.