Penn National Gaming put rumors to rest this week when they announced the pending purchase of Beulah Park.

Rumors began surfacing this week that Penn National Gaming may be close to finalizing a deal to purchase the Beulah Park horse racing track in Ohio and settle a pending court battle.

Efforts are underway to convince Ohio voters to approve the ballot measure to allow Penn National Gaming to move their casino from the Columbus Arena District to the west side.

Goldman Sachs downgraded their investment rating on casino operator Penn National Gaming today, sending shares dropping.

Penn National Gaming has officially received approval and licensing from the Kansas Racing and Gaming Commission, through Kansas Entertainment, a 50/50 venture with Kansas Speedway Development Corporation to proceed with the development of a destination casino on turn 2 of the Kansas Speedway.

Penn National Gaming is expected to be cleared on Friday by the Kansas Racing and Gaming Commission to develop a casino at the Kansas Speedway through its partnership, Kansas Entertainment LLC.

In an effort to calm community concerns over the location of the approved Columbus casino, Penn National Gaming has taken the next step in securing an alternate location, if approved by voters in May.

Penn National Gaming posted lower than expected fourth quarter financials and suggested analysts 2010 forecasts are over inflated, as consumers continue to spend less in the casinos.

Penn National Gaming has seen the highest increase in slot machine revenue among nine Pennsylvania casinos for the month of January.

Kansas Entertainment LLC, a partnership between Penn National Gaming, Inc., and Kansas Speedway object to a proposal to change the rules governing gambling in the state.

As Penn National Gaming prepares for the introduction of table games and the re-branding of the Charles Town Races & Slots West Virginia property to Hollywood Casino, the company has made changes to property management teams.

Earlier this week Penn National Gaming blasted New York’s Governor David Paterson for delaying the selection process and changing criteria midstream on choosing the casino operator for the Aqueduct Race Track.

The amendment for Penn National Gaming to move the location of the Hollywood Casino Columbus will be decided by Voters.

Penn National Gaming, the apparent high bidder for New York’s Aqueduct gaming contract has grown frustrated with the lack of progress being made by Governor David Patterson in the selection process.

Penn National Gaming has begun accepting registration for the inaugural Hollywood Poker Open Tournament being held at the Hollywood Casino Lawrenceburg, Indiana.

Penn National Gaming has agreed to move the location of the Hollywood Casino at the request of residents and community leaders, however in order to make the change, Ohio voters must approve the measure to alter the constitutional amendment set forth on November 3.

Penn National Gaming is seeking tax breaks and incentives since Columbus opposition has added additional expense for the gaming company.

As Indiana lawmakers work on a bill aimed to free up additional revenue for the state and provide casinos the opportunities to compete with new casinos across the borders, local gaming companies like Penn National Gaming say no.

Penn National Gaming has been delayed from placing a bid on the Pimlico and Laurel Park racetracks for a second time since the bankrupt Magna Entertainment Corp. entered into the auction process.

At the request of public officials and others in the Columbus community, Penn National Gaming has selected an alternative site for its planned development of Hollywood Casino Columbus, and has entered into a purchasing option to buy the site.