Penn National Gaming

COVID-19: Penn National To Furlough 26,000 Workers Beginning April 1

Penn National Gaming, Inc. announced Monday additional measures to help mitigate the financial impact of the ongoing COVID-19 pandemic. “As the global COVID-19 health crisis continues to evolve, we are navigating through this unprecedented time for our Company, our industry and our nation,” said Jay Snowden, President and Chief Executive Officer of Penn National. “With […]

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Penn National Gaming Enters Agreement To Buy 36 Percent Share In Barstool Sports For $135 Million Plus Stock

Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has entered into an agreement to acquire a 36% interest in Barstool Sports, Inc. (“Barstool Sports”), a leading digital sports media company, for approximately $163 million in cash and convertible preferred stock. Under the agreement, Penn National will be Barstool […]

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Michael Shamburg Returning To Zia Park As Racing Secretary

Michael Shamburg will be returning to Zia Park in New Mexico as new racing secretary for the 2019 racing season that kicks off Sept. 21. Shamburg previously served as racing secretary for Zia Park from 2008 to 2011. “We are glad to have Mike returning to Hobbs and overseeing our racing program at Zia Park,” […]

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Equibase GPS Tracking Systems Installed At Mahoning Valley, Penn National

Equibase Company has installed global positioning satellite (GPS) systems at Hollywood Gaming at Mahoning Valley Race Course and Hollywood Casino at Penn National Race Course and has been named the official timer at both tracks, it was announced today. Equibase also has systems in place and is the official timer at Woodbine Racetrack, Golden Gate […]

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Penn National Holds First Live Money Sports Betting Test Day Nov. 15

Penn National Gaming, Inc., with guidance and approval from the Pennsylvania Gaming Control Board (PGCB), commenced two live money sports betting test days at Hollywood Casino at Penn National Race Course beginning Thursday afternoon, November 15, at 3:00pm.  The company’s Pennsylvania sports book will be managed by William Hill US, the largest sports betting operator […]

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Penn National’s Peter Carlino Inducted Into AGA Gaming Hall Of Fame

Peter M. Carlino, Penn National Gaming Chairman of the Board, was inducted into the American Gaming Association’s  Gaming Hall of Fame on Wednesday night in Las Vegas, Nev. Mr. Carlino was honored for his 30-year record as an industry visionary and for his accomplishments in driving Penn National’s consistent growth from a single racetrack to […]

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EquiLottery To Offer Content From Penn National Gaming Tracks For Kentucky Pilot Program

EquiLottery and Penn National Gaming Inc. have reached an agreement to offer Penn National racetrack content for EquiLottery’s “Win Place Show” pilot program through the Kentucky Lottery, a lottery game based on the results of live horse racing. The pilot begins March 24, 2019 and will span 90 days. This program will be offered through […]

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Justice Appointees To West Virginia Racing Commission Move To Kill Charles Town Classic

When Jim Justice made his successful run for governor of West Virginia in 2016, he often remarked how a major horse race could help bring tourism to the state. Just over a year later, however, two of Justice’s appointees to the three-member state racing commission are driving a stake into the heart of West Virginia’s […]

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Penn National Gaming To Acquire Pinnacle, Sell Belterra To Boyd Gaming

Penn National Gaming Inc. has reached an agreement to buy Pinnacle Entertainment Corp., in a transaction valued at $2.8 billion, according to a press release from both companies Dec. 18. According the terms of the deal, shareholders in Pinnacle will receive $20 for each share of the company that they own, plus 0.42 shares of […]

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