Penn National Gaming, Inc.
News and overview for Penn National Gaming, Inc.
Penn National Gaming Announces a Community Relations Advisory Agreement with Russell Simmons and Labor Framework Agreement with New York Hotel & Motel Trades Council, AFL-CIO [Press Release]
Business Wire | 20 days 11 hours 57 minutes ago
Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it has reached a community relations agreement with Russell Simmons’ Rush Communications of NYC and a labor framework agreement with the New York Hotel & Motel Trades Council, AFL-CIO in relation to a video lottery terminal gaming facility at New York’s Aqueduct Race Track. The agreements reflect Penn National’s commitment to Aqueduct’s local Queens community, New York City and New York State, horsemen and employees, and extend Pe...
Penn National Gaming to Present at Gaming Investment Forum on November 17 [Press Release]
Business Wire | 12 days 6 hours 12 minutes ago
Penn National Gaming, Inc. (Nasdaq: PENN) announced today that senior management will participate in an audio webcast in conjunction with the Company’s fireside chat at the Gaming Investment Forum to be held in conjunction with the Global Gaming Expo at the Las Vegas Convention Center on Tuesday, November 17, 2009 at 9:00 a.m. PT.
Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011 [Press Release]
Business Wire | 27 days 4 hours 34 minutes ago
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn”) today announced that it has called for redemption of all the $105,536,000 outstanding aggregate principal amount of its 6 7/8% senior subordinated notes due 2011 (CUSIP No. 707569AH2). The redemption price is $1,000 per $1,000 principal amount of notes, plus accrued and unpaid interest to the scheduled redemption date, which is December 1, 2009. Penn intends to fund the redemption of the notes from available cash, borrowings under its revolvi...
Penn National Gaming rises after 3Q results
Boston Globe, The | 32 days 10 hours 53 minutes ago
NEW YORKShares of Penn National Gaming Inc. climbed Wednesday after the casino operator's third-quarter results were not as bad as analysts had feared.
Penn National Gaming to Participate in Wells Fargo Securities Consumer Growth Conference on Wednesday October 28 [Press Release]
Business Wire | 31 days 6 hours 42 minutes ago
Penn National Gaming, Inc. (Nasdaq: PENN) announced today that its Chief Financial Officer, William J. Clifford, will participate in an audio webcast in conjunction with the Company’s presentation at the Wells Fargo Securities Consumer Growth Conference to be held at The New York Palace Hotel on Wednesday, October 28, 2009 at 8:30 a.m. ET.
Gabelli & Company s 2nd Annual Best Ideas Conference [Press Release]
Business Wire | 4 days 14 hours 27 minutes ago
Gabelli & Company, Inc. will host its 2nd Annual Best Ideas Conference, December 4, 2009, in New York City. This multi-industry conference will feature presentations from senior management at leading companies that we view as compelling investments for 2010. Institutional investors should contact their salesperson for more information or to register.
Penn National aims to buy Fontainebleau Las Vegas
Richmond Times-Dispatch (Va.) | 5 days 5 hours 51 minutes ago
LAS VEGAS (AP) -- Penn National Gaming Inc. has offered $50 million for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip.
Slot machine makers could be in for winning streak - MarketWatch
MarketWatch | 4 days 6 hours 39 minutes ago
Visitors may be staying away from Sin City in droves and, to a lesser degree, cutting back their time and money spent at regional casinos. But at the same time, cash-strapped state and local governments are moving to vastly expand betting opportunities for their citizens in order to help plug yawning budget gaps.
Penn National offers $50M for Fontainebleau Las Vegas, bid to be benchmark in auction
Hartford Courant (Conn.), The | 5 days 6 hours 23 minutes ago
Penn National Gaming Inc. has offered $50 million for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip.
Penn National Gaming 3Q profit falls, revenue up
Forbes | 32 days 14 hours 5 minutes ago
WYOMISSING, Pa. -- Penn National Gaming Inc. said Wednesday that its third-quarter profit slid 86 percent from a year ago, when results benefited from a termination fee after its proposed acquisition was called off.
Penn National Gaming climbs as 3rd-quarter results are not as bad as analysts feared -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 32 days 12 hours 11 minutes ago
NEW YORK (AP) — Shares of Penn National Gaming Inc. climbed Wednesday after the casino operator's third-quarter results were not as bad as analysts had feared.
Penn National Gaming climbs as 3rd-quarter results are not as bad as analysts feared
Orlando Sentinel (Fla.) | 32 days 11 hours 55 minutes ago
NEW YORK (AP) — Shares of Penn National Gaming Inc. climbed Wednesday after the casino operator's third-quarter results were not as bad as analysts had feared.
Lakes Entertainment Announces Passage of Ohio Referendum [Press Release]
Business Wire | 18 days 3 hours 27 minutes ago
Lakes Entertainment, Inc. (NASDAQ: LACO) today announced that on November 3, 2009, the Ohio voters approved Issue 3, the citizen-initiated referendum to amend the Ohio constitution to authorize one gaming facility in each of Cleveland, Cincinnati, Columbus and Toledo, Ohio. The approval of Issue 3 authorizes casino gaming for the first time in the State of Ohio.
International Speedway Corporation and Penn National Gaming, Inc. Join Forces to Bring a Hollywood-Themed Entertainment Destination Facility to the State of Kansas [Press Release]
PRNewswire | 73 days 9 hours 25 minutes ago
International Speedway Corporation and Penn National Gaming, Inc. Join Forces to Bring a Hollywood-Themed...Corporation ("ISC") today announced that Penn National Gaming, Inc. ("Penn") has entered into an agreement with The...
Penn National offers $50M for Fontainebleau Las Vegas, bid to be benchmark in auction -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 5 days 6 hours 31 minutes ago
LAS VEGAS (AP) — Penn National Gaming Inc. has offered $50 million for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip.
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Company Overview
| Company: | Penn National Gaming, Inc. |
|---|---|
| Industry: | Gambling Resorts & Casinos |
| Website: | http://www.pngaming.com |
This gaming company is no one-trick pony. Penn National Gaming owns or operates about 20 horseracing and casino gaming facilities throughout the US and in Canada. The company's race tracks include Raceway Park in Toledo, Ohio; Charles Town Races in West Virginia; and its namesake Penn National Race Course outside Harrisburg, Pennsylvania. Penn National's casinos include about a dozen locations operating mostly under the Argosy and Hollywood names in Illinois, Mississippi, and a small number of other states. In addition, the company has casino operations at some of its racetracks and it operates four off-track betting centers in Pennsylvania.
Key Numbers
| Sales in U.S. Dollars (mil.) | 2,423.1 (2008) |
|---|---|
| One-year % Growth in Sales | -0.6 (2008) |
| Net Income in U.S. Dollars (mil.) | -153.3 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 14,693 (2008) |
| One-year % Growth in Number of Employees | -3.9 (2008) |
| Fiscal Year-End | December |