Penn Entertainment, Inc. News

Inside Gaming: Boyd deal sparks torrent of speculation
17 Mar 2014

Scenarios ranged from a corporate takeover to moving the company’s casinos into a real estate investment trust.

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Massachusetts Internet gambling hearing focuses on geolocation, payment processing issues
11 Mar 2014

Geolocation and payment processing dominated the Internet gambling hearing hosted by the Massachusetts Gambling Commission at the Boston Convention Center on Tuesday.

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Moves by Caesars fail to ease debt worries on the Street
10 Mar 2014

Caesars Entertainment Corp. announced last week it was selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.

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Gaming companies have lucrative deals operating Indian casinos
27 Jan 2014

Gaming expansion into states beyond recently approved markets is virtually nonexistent.

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Penn National Gaming starts work on $360 million California project
14 Jan 2014

The casino company announced initial development activities on the Hollywood Casino Jamul this past week.

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Inside Gaming: Foreign deals can include risks
18 Nov 2013

Penn National Chairman Peter Carlino said the regional casino operator explored a joint venture in an unnamed country. The idea was quashed when Penn discovered its potential partner had budgeted payoffs for border guards.

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Penn National Gaming reports profits down in third quarter
18 Oct 2013

The casino operator, which owns M Resort, said its net income for the third quarter that ended Sept. 30 was $41.3 million or 40 cents per share.

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MGM Resorts, Penn National win suitability ruling from Maryland regulators
11 Oct 2013

The ruling sets the stage for public hearings later this month into the three proposals for a casino license in Prince George’s County.

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Penn National to begin spinoff of real estate holdings
9 Oct 2013

Penn National shareholders will receive one share of common stock in the real estate investment trust equal to each share of common stock held in the casino operator as of Oct. 16, the record date for the spinoff.

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Penn National, two other gaming companies file for Massachusetts license
7 Oct 2013

The Massachusetts Gaming Commission hopes to award the slots-only license in late December or early January, months before any of the resort casinos are licensed.

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Penn National's planned split gains more regulatory approvals
25 Aug 2013

Gaming boards in Pennsylvania, Missouri, Ohio, and Kansas approved the deal, in which Penn National would separate a portion of its 28 casinos and race track operations into a real estate investment trust (REIT).

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Four state bodies OK Penn National Gaming's plan to split
16 Aug 2013

The company, which owns M Resort, announced Thursday the Iowa Racing and Gaming Commission, Louisiana Gaming Control Board, Mississippi Gaming Commission and the Pennsylvania State Racing Commission approved the steps necessary to implement the planned separation.

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Gaming Commission OKs Penn National's plan to split into two
26 Jul 2013

The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.

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Penn links weak earnings to bad weather, less interest in gambling
24 Jul 2013

Penn National Gaming's east-west region, which includes M Resort, had the largest decline of any of the company's reporting divisions with revenues down 9.1 percent to $317.1 million.

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Penn National real estate move could become industry standard
11 Jul 2013

The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.

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