Penn National Gaming has responded to the Maryland Lottery Commission over the recent complaint that they have violated state rules governing casino operations.
Penn National Gaming (PENN) in the News
Mr. Peter M. Carlino is the Chairman and Chief Executive Officer for Penn National Gaming, Inc. The company owns and operates casinos and pari-mutuels in the United States. They have almost twenty facilities and have a presence in many states in the US including, but not limited to, West Virginia, Missouri, Pennsylvania, Florida, Colorado, and Louisiana. Penn National was founded in 1982, and is based in Wyomissing, Pennsylvania. The company owns over 20,000 gaming machines and almost 400 table games.
Latest Penn National Gaming Company Stock News
The Bushkill Group and partner Penn National Gaming will present plans for their proposed resort casino at the Fernwood Hotel & Resort in the Poconos this week in an attempt to win licensing approval.
With a casino opening scheduled less than one month away, Maryland’s Lottery Division has said that so far Penn National Gaming has fallen short of the state’s goal to hire minority businesses.
Penn National Gaming is asking the Pennsylvania Gaming Control Board to reject an application from one of the four contenders of the states last category III casino license.
Rival Cordish Cos. accuses Penn National Gaming of violating Maryland’s laws governing slot licenses that requires casino operators to cooperate with each other.
In the past seven weeks since Penn National Gaming unveiled a line of table games and rebranded the Charles Town Races and Slots to the Hollywood Casino at Charles Town Races, business “is booming”.
Penn National Gaming has announced that they will be replacing the General Manager of the Hollywood Casino in Aurora, Illinois.
Now that slot machines are installed at the Hollywood Casino in Perryville, Penn National Gaming is asking for permission to open Maryland’s first slots parlor to employees early.
Penn National Gaming broke ground this morning on the first of Ohio’s four casinos.
Penn National Gaming and the Maryland Lottery Division are one step closer to next month’s opening of the Hollywood Casino in Perryville.
Penn National Gaming has requested that the New York Lottery Division re-evaluate its process and recommendation of Genting New York to operate a casino at the Aqueduct racetrack.
Penn National Gaming has formed a political action committee to help fight a referendum on the November ballot seeking approval for a casino in western Maine.
Last month Penn National Gaming took a preliminary step forward to enter the Las Vegas casino market, by purchasing a small stake in Nevada Slots and Supplies. The purchase allowed the casino operator to receive licensing approval from Nevada regulators opening the door for quick entry upon the purchase of a struggling property.
Investment firm Sterne Agee maintained a buy rating on shares of Penn National Gaming on Friday following second quarter results that beat analysts’ expectations.
Penn National Gaming has agreed to pay the city of Toledo $1 million for abandoning plans the city has invested on the property that will become the home to the Hollywood Casino Toledo, but the City is not ready to except the money.
Even while “economic recovery remains unpredictable” CEO Peter Carlino of Penn National Gaming says that quarter 2 results reflect the company’s “success in navigating the current environment and driving operating margin improvements”.
Following Maryland’s Court of Appeals ruling that voters will decide the fate of the slots parlor at the Arundel Mills Mall, Penn National Gaming and MI Developments announced that are ready to pursue slot machines at the Laurel Park and Pimlico race courses if the referendum fails.
As Investors await Penn National Gaming to release second quarter financials on Thursday July 22, Analysts say they anticipate earnings for the gaming company to be within line of early predictions.
Penn Ventures, LLC, a subsidiary of Penn National Gaming, Inc, developing casinos in both Toledo and Columbus, has terminated its agreement with Lakes Entertainment.
The Pennsylvania Gaming Control Board will present Penn National Gaming with its table game license at a ceremony scheduled at the Hollywood Casino at Penn National Race Course Tuesday morning.