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Today's collapse of the huge $6.1 billion deal between Penn National and a handful of private equity firms is the latest in a round of bad news for gaming stocks.
Penn Nat'l Gaming Cancels Sale
Penn National Gaming has squashed its $6.1 billion sale to two private equity firms, the New York Times reports.
Financial Winners & Losers: Lehman
Fortress Investment Group FIG reworked a deal with Penn National Gaming PENN Thursday, as financial stocks ticked up slightly ahead of the holiday weekend.
U.S. Stock Indexes closed mixed today on expected unemployment numbers and falling oil prices.
The European Central Bank, worried about rising inflation and inflation expectations, lifted its key rate by a quarter-point to 4.25%, as expected.
U.S. Jobs: Not Bad Is Good Enough
Wall Street started an abbreviated session on the right foot Thursday, despite the U.S. Labor Department's monthly jobs report, which showed American nonfarm payrolls shrank for a sixth straight month.
Penn National secures Maryland venue
As reported by the Baltimore Sun: "A national casino operator from Pennsylvania is close to securing an option to purchase Cecil County property near Interstate 95 for use as a slot machine gambling venue if ...
Berks-based Company Terminates Plan for Acquisition
Berks County-based Penn National Gaming and PNG Acquisition have terminated their merger agreement for Penn National to be acquired by PNG.
Finally, BCE's buyout is a real deal
This week, we've seen two major buyout deals come undone: the $6.1 transaction for Penn National Gaming Inc.
First Day A Record-Breaker For New Bangor Casino
Penn National Gaming had a record-breaking day for the grand opening of its new Hollywood Slots casino in Bangor.
Penn National Gaming is looking to acquire property for a slot machine parlor in Cecil County, even though the gambling industry is discovering it is subject to economic downturns like any other business.
Empress parent group terminates merger plans
Penn National Gaming, Inc., parent company of Empress Casino Joliet, announced today that the company and PNG Acquisition Company Inc., have agreed to terminate the proposed merger agreement, according to a ...
Penn National $6.1 Billion Takeover Is Scrapped by Fortress, Centerbridge
Penn National Gaming Inc. said Fortress Investment Group LLC and Centerbridge Partners LP scrapped their $6.1 billion plan to buy the racetrack and casino company as the credit markets collapsed.
Possible Sale of Proposed Slots Location
A leading casino operator could become a player in Maryland's slot machine debate.
Atlantic City will consider rezoning for casino
A Pennsylvania-based casino and racetrack company may finally get its wish to plant its feet in Atlantic City soil.
Millers Ready To Buy Back Former Restaurant Building
Three years after John Miller sold his restaurant to Hollywood Slots, he's now ready to buy it back.
The Sumner County casino gamble
Top, Nancy Seitz grew up in Oxford in Sumner County. Now she’s trying to build community support for a casino in Mulvane.
Maine slots parlor moving to permanent home
The slots parlor that set up shop nearly three years ago in a converted restaurant begins its move up the street to grander quarters this weekend as one of the state's largest development projects in recent ...
State Gaming Board OKs Penn buyout
Penn National Gaming Inc. on Thursday said the Illinois Gaming Board has approved its pending acquisition by a group led by two investment companies.
Baxter Springs council approves resolution supporting casino plan
BAXTER SPRINGS, Kan. - The Baxter Springs City Council has approved a resolution supporting Penn National Gaming's plan for a phased-in approach to a casino in Cherokee County.