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At Global Gaming Expo, industry's outlook is downbeat

LAS VEGAS | The casino industry's outlook is downbeat at this year's Global Gaming Expo trade show here, but there is a possible bright spot for Kansas — Penn National Gaming may again seek to build and operate a state-owned casino south of Wichita.

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Penn National Gaming to Present at Gaming Investment Forum on November 18

WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (Nasdaq: PENN) announced today that Chief Financial Officer, William J. Clifford, will participate in an audio webcast in

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Penn National Gaming Names Gaye Gullo Corporate Vice President of Marketing

WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (Nasdaq: PENN) announced today that, subject to customary regulatory approvals, Gaye Gullo, 48, has been named Corporate Vice

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How Election Day Could Boost Penn National Gaming

Laura Cadden submits: Revenue for Penn National Gaming Inc. (NASDAQ:PENN) in Q3 slowed (see conference call transcript ), as it did at most casino operations. But due to the termination of an attempted acquisition deal, the company received a settlement of a cool $225 million. In addition, the (intended) acquisition group purchased 12,500 shares of Series B Redeemable Preferred Stock due 2015 for...

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Penn National Gaming Closes $1.25 Billion Series B Redeemable Preferred Stock Transaction

WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (Nasdaq: PENN) (the “Company”) announced today that it has issued 12,500

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Penn National Gaming poised to go shopping

The Missouri Gaming Commission on Wednesday became the final casino jurisdiction to approve a $1.475 billion breakup deal in this summer’s failed acquisition of Penn National Gaming.

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No Fortress Here

“Your guess is probably as good as ours.” —Peter Carlino, CEO Penn National Gaming, on the near-term outlook Earnings season is underway—the chief reason for the paucity of updates here at NotMakingThisUp—and the conference calls are bleaker than any we have ever heard. While we usually like to present highlights from the best and the worst of the quarterly calls here on these virtual pages, there...

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Penn National Gaming, Inc. Q3 2008 Earnings Call Transcript

Penn National Gaming, Inc. (PENN) Q3 2008 Earnings Call Complete Story »

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Mixed outlook for Penn National

Casino operator Penn National Gaming Inc. boosted its 2008 earnings guidance to reflect a hefty settlement payment, but predicted lower full-year revenue and a decline in fourth-quarter results.

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Penn National Gaming Reports Third Quarter Diluted EPS of $1.69 and EBITDA of $150.1 Million

WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (Nasdaq: PENN) today reported third quarter operating results for the period ended September 30, 2008, as summarized below.

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Penn National earnings rise in quarter

NEW YORK (MarketWatch) -- Penn National Gaming said Monday that third-quarter earnings were $147 million, or $1.69 a share, compared to $47 million, or 52 cents a share, in the same period a year ago. Revenue fell to $652 million compared to $662 million. Analysts polled by FactSet Research estimated, on average, earnings per share of 35 cents and revenue of $623 million. Penn National's 2008 third...

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Maine tribes, Penn National avoid casino debate

They've been silent on the proposed casino in Oxford County, but two Maine tribes and Penn National Gaming are paying close attention to the outcome of the statewide vote.

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Casino backer's suit attacks ads

My Ohio Now, which proposes a $600 million casino resort in Wilmington, filed a lawsuit Friday against the No On 6 Committee and Penn National Gaming.

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Penn National Gaming to File Lawsuit Against MyOhioNow PAC and Sponsors of Issue 6 for Libel and Defamation

COLUMBUS, Ohio & WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. today announced it was preparing a lawsuit against MyOhioNow PAC, the entity behind the Issue 6 casino proposal for

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Ohio casino backers sue Argosy's owner

Backers of proposed Clinton County casino have filed a lawsuit in Columbus against the owner of the Argosy Casino in Lawrenceburg, Ind., charging that an ad campaign financed by Penn National Gaming Inc. made false and defamatory statements against Issue 6 on Ohio’s upcoming election ballot.