Penn National Gaming Inc

  • SPRINGFIELD, Mass.— With confetti and fanfare, MGM officially broke ground Tuesday on an $800 million casino in western Massachusetts that represents the largest economic development project the region has seen in generations. MGM seeks to become Massachusetts' first resort casino as rivals in Connecticut and the Boston area are also trying to open casinos.

  • BOSTON— New Bedford is all-in as it vies for the state's final gambling license. Monday had been the most recent deadline, but the New Bedford and Somerset developers had appealed for more time. "We're ready to go in New Bedford."

  • MGM Resorts' shareholder pushes for REIT conversion Tuesday, 17 Mar 2015 | 11:31 AM ET

    Shares of MGM, which operates destination resorts like the Bellagio, MGM Grand and the Mirage, rose as much as 9.9 percent in morning trading. MGM would join a pool of companies looking to spin off their real estate assets into REITs to save taxes. Land and Buildings, which declined to disclose its stake in MGM, said it intends to nominate four candidates to the...

  • BOSTON— Developers of a casino proposed for southeastern Massachusetts met a deadline Monday for filing license application materials while two other proposals hinge on whether the state Gaming Commission will grant their requests for a deadline extension. The commission deemed Mass Gaming& Entertainment's initial application for a proposed $650...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Nov 1- Voters in several U.S. states will decide the fate of $44.7 billion in borrowing and other budget measures on Tuesday, with investors in the $3.7 trillion municipal bond market focused mainly on large offerings in California and New York. "Just two states, California and New York, are presenting voters with meaningful bond measures for approval," Peter Hayes,...

  • Casino hub in Vietnam? Maybe sooner than you think Wednesday, 12 Feb 2014 | 6:21 PM ET
    This picture taken on February 15, 2011 shows a motorbike taxi driver waiting for clients in front of the Crown Casino run by Silver Shores International Resort in the Vietnamese central coastal city of Danang.

    Nguyen Van Tuon seems unconcerned that his business driving Vietnamese gamblers across the border to Cambodian casinos is under threat.

  • Your first trade for Tuesday Monday, 13 Jan 2014 | 4:05 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • Gaming exec slams bribery rules; says AC is "OVER" Friday, 8 Nov 2013 | 5:03 PM ET
    Boardwalk, Atlantic City.

    The Foreign Corrupt Practices Act is hampering U.S. business expansion abroad, especially in the gambling industry. Now bets are moving to Asia.

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  • Bears Target Penn National Gaming Monday, 5 Nov 2012 | 7:14 AM ET

    Penn National Gaming has been trending lower, and now the bears are looking for another push to the downside.

  • Mass. city takes next step in casino process Friday, 2 Nov 2012 | 10:38 AM ET

    SPRINGFIELD, Mass.-- Springfield, Mass. is moving on to the second phase of its casino selection process. They are MGM Resorts International, Penn National Gaming Inc., and Ameristar Casinos Inc.. Springfield Mayor Domenic Sarno appointed a seven-member advisory committee Thursday to help review applications.

  • Ameristar unveils proposed casino for Mass. Tuesday, 23 Oct 2012 | 1:06 PM ET

    SPRINGFIELD, Mass.-- Ameristar Casinos Inc. has unveiled plans for a $900 million- plus casino at a former industrial site in Springfield, Mass.. The Ameristar plan announced Tuesday includes 150,000 square feet of gambling space, a 500- room hotel, multiple restaurants and a spa on a former Westinghouse Electric site it owns near Interstate 291.

  • Google, Nokia, eBay are market movers Thursday, 18 Oct 2012 | 4:51 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., down 14 cents at $2.80. Supervalu Inc., up 10 cents at $2.14.

  • *Penn National Gaming 3Q net income declines Thursday, 18 Oct 2012 | 9:35 AM ET
  • 3 developers vie for Springfield, Mass., casino Friday, 12 Oct 2012 | 8:42 AM ET

    BOSTON-- Three companies seeking to develop a resort casino in Springfield submitted applications Thursday to the western Massachusetts city, and a fourth that had previously expressed interest declined to enter the competition.

  • Penn National unveils casino plan in Mass. Thursday, 11 Oct 2012 | 3:04 PM ET

    Penn National Gaming Inc. said on Thursday it was seeking to build an $807 million resort casino and hotel on a parcel that is now home to a newspaper and a bus terminal.

  • Oct 11- Fitch Ratings has affirmed MGM Resorts International's. Fitch also affirms all of MGM's and MGM Grand Paradise's transaction ratings, which are listed at the end of the release. The above considerations should improve MGM's credit profile in terms of liquidity, FCF and leverage to be more consistent with a' B' IDR over the next several quarters.

  • Hard Rock-themed casino gets support in Sioux City Thursday, 11 Oct 2012 | 10:23 AM ET

    SIOUX CITY, Iowa-- The developer of a Hard Rock-themed casino has gotten support from the nonprofit Missouri River Historical Development board to build a casino and entertainment center near the Missouri River in Sioux City, Iowa. Warner and the board must obtain a license from the Iowa Racing and Gaming Commission.