Penn Entertainment, Inc. News

Investors show new love for regional casino markets
27 Jul 2015

The Lake Charles, Louisiana market is leading the way in making the investment community do a 180-degree turn on U.S. gaming operators.

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U.S. tribal casinos see fifth straight year of revenue increases
27 Jul 2015

In fiscal year 2014, U.S. tribal casinos brought in more than $28.5 billion.

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Penn National plans development program for the Tropicana
24 Jul 2015

The regional casino operator says it will launch a development plan for the Tropicana Las Vegas that would take three to five years to implement.

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Inside Gaming: MGM Resorts CEO discusses REIT plans
22 Jul 2015

Analysts expect MGM to announce a new strategic plan soon, and an interview with Jim Murren indicates that it is likely to include spinning off part of the company into a real estate investment trust.

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Pinnacle, GLPI agree on $4.75 billion merger
22 Jul 2015

After two rejected offers, Pinnacle has accepted an offer from GLPI rather than form its own spinoff REIT.

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GLPI reaches agreement with Pinnacle to acquire real estate assets
21 Jul 2015

Gaming and Leisure Properties, Inc., will acquire nearly all of Pinnacle's real estate properties, and the properties will be spun off into separate property and operating companies.

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Inside Gaming: Winners and losers in the Massachusetts casino scene
13 Jul 2015

The recently opened Plainridge Park Casino is off to a strong start, but the legal and logistical challenges of opening more casinos in Massachusetts create a complicated situation in the Northeast.

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Penn National Gaming to releases second quarter results on July 23
9 Jul 2015

The company will host a conference call and simultaneous webcast at 9 a.m. that day, and a replay of the call will be available online for 30 days.

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Pinnacle Entertainment considers new proposal from GLPI
8 Jul 2015

GLPI, an REIT spun off of Penn National Gaming, has repeatedly offered to acquire Pinnacle's real estate holdings, rather than having Pinnacle create its own REIT.

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Inside Gaming: Will multiplayer tables save the slots industry?
29 Jun 2015

With millennials largely uninterested in traditional slots, gaming manufacturers are looking at skill-based gaming and smartphone-like electronic tables to target a generation acclimated to free electronic skill games.

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Interblock games featured at new Plainridge Park Casino
25 Jun 2015

The new casino from Penn National Gaming, the first in Massachusetts, has 83 electronic table games from the luxury game manufacturer.

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Pinnacle Entertainment planning a deal with GLPI
24 Jun 2015

Talks have been ongoing, and analysts believe a deal is likely to be signed sooner rather than later.

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Massachusetts 'slots parlor' filled to capacity on opening day
24 Jun 2015

While some were skeptical about the ability to deliver a first-class gaming experience under the limited 'slots parlor' license, Penn National Gaming appears to have pulled it off.

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Casinos call IRS tax reporting proposal 'complicated, onerous and unproductive'
18 Jun 2015

Gaming industry representatives say the proposal to lower the WG-2 threshold on winnings from $1,200 to $600 would do little to generate tax revenue and much to generate extra paperwork.

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Penn National names top execs for Las Vegas properties
11 Jun 2015

Former M Resort president Anthony Marnell III will take on a strategic consulting role at M Resort and the Tropicana. Penn National named Bob Sheldon the new president of M Resort.

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