The Pennsylvania Gaming Control Board approved Penn National Gaming’s takeover of The Meadows Racetrack and Casino gaming license this week.
Penn National Gaming has entered into a battle with the state of Pennsylvania over satellite casinos and is defending its Hollywood Casino on at least two fronts.
EVen though the company staunchly opposes Pennsylvania’s new satellite casino expansion, Penn National put in a $50.1 million bid to secure the license and location of the first property.
Penn National Gaming has announced plans to buy competitor Pinnacle Entertainment Inc. in a cash-and-stock deal worth close to $2.8 billion.
Rumor has it Pennsylvania casino giant Penn National Gaming is in talks to take over one of its competitors: Pinnacle Entertainment based in Nevada.
With the purchase of Bally’s Tunica and Resorts Tunica, Penn National will soon be running five Mississippi casinos, including three in Tunica.
Thanks to the acquisition of Rocket Games in August, Penn National has launched its first social casino app, dubbed Hollywood Classic Slots.
Penn National Gaming is working towards launching a fantasy sports product, according to recent comments from the Pennsylvania-based gaming company. Penn National + fantasy = ? PNG executives were asked about “their expectations and timeline getting into fantasy sports” during a Q&A session in the company’s second-quarter earnings call. Few solid details were given, but we did … Continue reading “Penn National Getting Ready To Enter Daily Fantasy Sports Realm”
Penn National has guessed that legal online gambling in Pennsylvania could bring in first year revenue of $250 million, but it will likely be more modest.
In May 2018, the US Supreme Court struck down the law that made sports betting illegal pretty much everywhere outside of Nevada. It also upheld a 2014 New Jersey law aimed at allowing sports betting in casinos and racetracks by a vote of 6-3, opening the door to legal and regulated sports betting all across … Continue reading “Pennsylvania Sports Betting”