Penn Entertainment, Inc. News

Penn National Gaming reports profits down in third quarter
18 Oct 2013

The casino operator, which owns M Resort, said its net income for the third quarter that ended Sept. 30 was $41.3 million or 40 cents per share.

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MGM Resorts, Penn National win suitability ruling from Maryland regulators
11 Oct 2013

The ruling sets the stage for public hearings later this month into the three proposals for a casino license in Prince George’s County.

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Penn National to begin spinoff of real estate holdings
9 Oct 2013

Penn National shareholders will receive one share of common stock in the real estate investment trust equal to each share of common stock held in the casino operator as of Oct. 16, the record date for the spinoff.

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Penn National, two other gaming companies file for Massachusetts license
7 Oct 2013

The Massachusetts Gaming Commission hopes to award the slots-only license in late December or early January, months before any of the resort casinos are licensed.

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Penn National's planned split gains more regulatory approvals
25 Aug 2013

Gaming boards in Pennsylvania, Missouri, Ohio, and Kansas approved the deal, in which Penn National would separate a portion of its 28 casinos and race track operations into a real estate investment trust (REIT).

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Four state bodies OK Penn National Gaming's plan to split
16 Aug 2013

The company, which owns M Resort, announced Thursday the Iowa Racing and Gaming Commission, Louisiana Gaming Control Board, Mississippi Gaming Commission and the Pennsylvania State Racing Commission approved the steps necessary to implement the planned separation.

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Gaming Commission OKs Penn National's plan to split into two
26 Jul 2013

The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.

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Penn links weak earnings to bad weather, less interest in gambling
24 Jul 2013

Penn National Gaming's east-west region, which includes M Resort, had the largest decline of any of the company's reporting divisions with revenues down 9.1 percent to $317.1 million.

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Penn National real estate move could become industry standard
11 Jul 2013

The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.

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Poker tourney at M Resort offers $500,000 prize pool
27 Jun 2013

The event guarantees participants a prize pool of $500,000 — not much when compared with standards set by the World Series of Poker, which is more than halfway through its six-week run at the Rio.

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A battle as tough as Philly itself
29 Apr 2013

Six different groups and partnerships, including Wynn Resorts Ltd., Penn National Gaming, Isle of Capri Casinos and Cordish Cos., have applied with state gaming regulators for the right to own Philadelphia’s last casino license.

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Penn National grows quarterly revenues, but profits decline
19 Apr 2013

The regional casino giant said its overall revenues for the quarter that ended March 31 were $798.2 million, an increase of 8.4 percent compared with the first quarter of 2012.

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Penn National joining party in Indian gaming market
15 Apr 2013

Penn National said it would partner with the Jamul Indian Village of San Diego to build a $360 million hotel-casino on tribal land roughly 20 miles east of downtown San Diego.

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Penn National plans to build Hollywood-brand casino in San Diego
8 Apr 2013

The development, which is expected to break ground later this year, is roughly 20 miles east of downtown San Diego.

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Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license
17 Dec 2012

Credit Suisse gaming analyst Joel Simkins attended a Springfield town-hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.

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