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updated: Mon Jul 07, 2008 06:22 am

Penn National Gaming News

News on Penn National Gaming continually updated from thousands of sources around the net.

1 hr ago | US News & World Report

Gaming Becomes a Bad Bet

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.

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Related Topix: Gaming, Financial Markets

Sun Jul 06, 2008

Institutional Investor

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.

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Related Topix: Gaming

TheStreet.com

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.

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Related Topix: Financial Markets, Investment Banking, Lehman Brothers Holdings, Financial Services, Investment Services, Gaming

TradingMarkets.com

Stocks Recap

U.S. Stock Indexes closed mixed today on expected unemployment numbers and falling oil prices.

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Related Topix: Financial Markets, Mining, Arch Coal, Semiconductors, NVIDIA, Electronics, Gaming

Sat Jul 05, 2008

Investor's Business Daily

IBD's Top 10

The European Central Bank, worried about rising inflation and inflation expectations, lifted its key rate by a quarter-point to 4.25%, as expected.

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Related Topix: Financial Markets, Gaming, Opinion

Forbes

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.

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Related Topix: Financial Markets, Gaming

RGT Online

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 ...

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Related Topix: Gaming, Cecil County, MD

WFMZ

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.

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Related Topix: Berks County, PA, Wyomissing, PA, Gaming

Fri Jul 04, 2008

Blogging Stocks

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.

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Related Topix: Financial Services, Gaming

WMTW-TV Auburn

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.

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Related Topix: Gaming, Bangor Metro, Bangor, ME

Gazette.Net

Cecil County eyed for slots

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.

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Related Topix: Anne Arundel County, MD, Cecil County, MD, Gaming

Thu Jul 03, 2008

Herald News

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 ...

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Related Topix: Joliet, IL, Gaming

Bloomberg

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.

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Related Topix: Financial Services, SLM, Gaming, Louisiana, MO

WUSA9.com Washington, DC

Possible Sale of Proposed Slots Location

A leading casino operator could become a player in Maryland's slot machine debate.

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Related Topix: Cecil County, MD, Gaming

Wed Jul 02, 2008

Press of Atlantic City

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.

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Related Topix: Egg Harbor Township, NJ, Atlantic City, NJ, Brigantine, NJ, Gaming

Tue Jul 01, 2008

WLBZ

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.

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Related Topix: Gaming, Bangor Metro, Bangor, ME

Sun Jun 29, 2008

Wichita Business Journal

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.

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Related Topix: Mulvane, KS, Gaming, Sumner County, KS

Fri Jun 27, 2008

The Boston Globe

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 ...

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Related Topix: Bar Harbor, ME, Gaming, Maine, Bangor, ME

Alton Telegraph

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.

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Related Topix: Gaming, Alton, IL, Argosy Gaming

Wed Jun 25, 2008

Joplin Globe

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.

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Related Topix: Cherokee County, KS, Baxter Springs, KS, Gaming

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