Penn Entertainment, Inc. News

Poker tourney at M Resort offers $500,000 prize pool
27 Jun 2013

The event guarantees participants a prize pool of $500,000 — not much when compared with standards set by the World Series of Poker, which is more than halfway through its six-week run at the Rio.

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A battle as tough as Philly itself
29 Apr 2013

Six different groups and partnerships, including Wynn Resorts Ltd., Penn National Gaming, Isle of Capri Casinos and Cordish Cos., have applied with state gaming regulators for the right to own Philadelphia’s last casino license.

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Penn National grows quarterly revenues, but profits decline
19 Apr 2013

The regional casino giant said its overall revenues for the quarter that ended March 31 were $798.2 million, an increase of 8.4 percent compared with the first quarter of 2012.

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Penn National joining party in Indian gaming market
15 Apr 2013

Penn National said it would partner with the Jamul Indian Village of San Diego to build a $360 million hotel-casino on tribal land roughly 20 miles east of downtown San Diego.

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Penn National plans to build Hollywood-brand casino in San Diego
8 Apr 2013

The development, which is expected to break ground later this year, is roughly 20 miles east of downtown San Diego.

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Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license
17 Dec 2012

Credit Suisse gaming analyst Joel Simkins attended a Springfield town-hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.

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Penn National Gaming submits application fees in Massachusetts
14 Dec 2012

Penn National Gaming has transmitted non-refundable application fees of $250,000 to the City of Springfield and $400,000 to the Commonwealth of Massachusetts in its bid to acquire a Massachusetts gaming license.

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MGM Resorts in battle with Penn for lone western Massachusetts casino license
10 Dec 2012

Springfield leaders reportedly told officials from both MGM and Penn to play nice: The city doesn't want a repeat of what happened in Maryland.

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Penn National plans split into two separate companies
19 Nov 2012

Analysts universally praised Wyomissing, Pa.-based Penn for the move, which separates 17 of the company's 29 casinos and racetracks into a real estate investment trust, often referred to as a REIT.

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Inside Gaming: Piles of cash, torrents of tweets and lots of crazy - gaming's political lunacy
12 Nov 2012

It only cost Penn National Gaming $42 million to embarrass itself.

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Maryland vote dismays casino operator Penn National
8 Nov 2012

After investing more than $42 million into a failed effort to defeat Question 7, which allows the state to add a sixth casino in suburban Prince George's County, Penn National is expected to bid on the gaming license when the process begins in January.

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Caesars sells St. Louis casino to Penn National Gaming
4 Nov 2012

Caesars Entertainment Corp. said in a regulatory filing Friday it closed a $610 million sale of its Harrah's St. Louis casino to Penn National Gaming.

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Maryland vote pits bully, new kid
4 Nov 2012

Maryland voters will determine if the state becomes a multimillion-dollar gambling jurisdiction or a multibillion-dollar casino-resort destination. We'll also find out whether MGM Resorts puts the bully in its place, or if Penn National is still king of the school.

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Penn National Gaming Names Greg Hinton General Manager of Hollywood Casino Tunica
26 Oct 2012

Hinton, most recently Assistant GM for Caesars Entertainment’s Tunica Properties, brings extensive gaming and financial experience to new role.

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A fight to the finish in Maryland
22 Oct 2012

Rival casino giants MGM Resorts International and Penn National Gaming have financed the most expensive and vitriolic campaign ever witnessed in the state of Maryland over Question 7.

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