Management News

Penn National Gaming spent $5.5 million trying to prevent expanded gambling in Maryland.

Cantor Gaming, Caesars Entertainment Corp. and Boyd Gaming Corp. will not accept bets on horse races at Golden Gate Fields' 17-day summer meet that began Friday since the Nevada Gaming Control Board has not approved a pari-mutuel contract between Golden Gate and the Las Vegas Dissemination Co. (LVDC).

Marylanders, get ready for a mudslinging sequel.

The deal will enable Smart Live players to bet on the results generated at Spielbank Schleswig-Holstein casino’s table games such as roulette - in real time.

The company on Tuesday reported a second-quarter net profit of $1 million, or 1 cent per share, narrowly reversing a $3 million net loss, or 3 cents per share, from the same period a year earlier.

Penn National said Tuesday its net income for the quarter that ended June 30 was $66.7 million, down 12 percent from $76 million in the same quarter a year ago.

Boyd Gaming Corporation's original concept for the CityCenter-like Echelon project - five hotels of various sizes, a large casino, 750,000 square feet of convention space, 30 restaurants, 300,000 square feet of retail and entertainment amenities, all covering 87 acres - is not going to happen.

Two new $125 million projects expected to generate 1,000 new direct and indirect jobs each.

Gaming stocks nosedived in May as investors grew worried over foreign debt matters and mixed messages coming from company earnings reports.

Boyd Gaming will spend $1.45 billion to acquire the assets of Peninsula Gaming, giving the Las Vegas-based company a presence in Kansas, Iowa and a significant expansion in Louisiana, the company announced Wednesday.

Transaction expands Penn National’s presence in the St. Louis Gaming Market with established, Missouri-Based gaming facility.

While state and federal lawmakers inch along toward legalization of online gaming,the casino industry's large slot machine makers are already lining up for a piece of the potential action.

Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Now those resorts are being built elsewhere.

Boyd is turning its online player rewards program into a game on its website.

MGM Resorts International has abandoned a proposed casino site in Massachusetts but plans to look for another location in the western part of the state.