Keyword: PNGI

  • PNGI Reports Increased Earnings for Quarter

    Penn National Gaming reported increases in revenue, income from operations, and adjusted earnings for its second quarter but the racetrack, casino, and hotel owner noted those increases finished below guidance.

  • Rosecroft Raceway in Maryland

    Stronach Group Has Deal to Buy Rosecroft

    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.

  • Dick and Janene Watson

    Watson, Banned Almost 10 Years, Wins Appeal

    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 Gets Offer From Real Estate Trust

    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 Casino at Charles Town Races

    WVRC Eyes Independent Review of Collision

    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.

  • High Court Upholds WVRC on Ejection Appeals

    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.

  • A view of the grandstand from the far side of one-mile track.

    Ohio Track Preparing for First Race Meet

    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.

  • Revenue Down, Income Up for PNGI

    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 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.

  • Ohio Tracks, Horsemen Sign 10-Year Deals

    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.

  • Slot machines

    Massachusetts Slots License to Penn National

    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.

  • PNGI, Horsemen Have Agreement on Ohio Track

    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.

  • PNGI Remains Bullish on Casino Properties

    Penn National Gaming Inc. officials said Feb. 6 they don't believe a roughly $100 million decline in net revenue is associated with customers opting for other forms of gambling or entertainment.

  • Ohio Panel, PNGI Clash Again Over Track Plan

    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.

  • Hollywood Casino Resort at Rosecroft Raceway Proposal.

    MGM Wins License; Rosecroft Left Hanging

    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.

  • PNGI Ups Ante in Bid for Maryland Casino

    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.

  • River Downs is expected to be ready for 2014.

    New River Downs, Others Apply for Ohio Dates

    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.

  • PNGI Invests in Planned PA Racetrack Casino

    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.

  • Hollywood Casino Resort at Rosecroft Raceway Proposal.

    PNGI Submits Plan for Rosecroft Casino in MD

    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.

  • River-at-Beulah Meet Finally Approved

    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.

  • Ohio Racing Plans Remain in Stall Mode

    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.

  • Decision on River Downs Meet Shift Postponed

    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.

  • OH Panel Peppers PNGI on Racetrack Plans

    The Ohio State Racing Commission March 12 continued its examination of plans for proposed racetrack casinos, peppering Penn National Gaming Inc. officials with questions about facilities planned for Dayton and Austintown.

  • OSRC to Consider River Downs Meet Transfer

    The Ohio State Racing Commission will consider a request from River Downs to move its 2013 meet to Beulah Park, agency chairman Robert Schmitz said Feb. 6.

  • 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.

  • New OTW Facility Planned for South Jersey

    Penn National Gaming Inc. has signed a lease to renovate a former restaurant in Gloucester Township and turn it into New Jersey's fifth off-track wagering facility, the company announced Jan. 16.

  • Maryland Voters OK Gambling Expansion

    Gambling in Maryland will soon include table games such as blackjack and a casino near Washington, D.C., after voters Nov. 6 approved an expansion measure that generated an expensive political advertising campaign.