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.
Penn National Gaming reported 2014 fourth quarter losses of $250.4 million Jan. 29, when the casino and racetrack owner also reported a decline of $233.2 million for the year.
Penn National Gaming announced Sept. 19 that its board of directors has appointed the company's chief executive officer, Timothy Wilmott, to the board effective immediately.
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.
Two of Ohio's oldest racetracks could be relocating to other Buckeye State cities if owner Penn National Gaming Inc. has its way, but the moves won't come without opposition.
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.
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