Buyout paves way for new LV player

July 2008
Las Vegas Business Press (10712186);7/21/2008, Vol. 25 Issue 29, pP26
The author reflects on the impact of the failed private equity buyout of Penn National. He notes that the soft gambling revenue and low visitation rates were indicators of the down market for Las Vegas, Nevada. He cites that the deal with Penn National collapsed because of the difficulty in borrowing money for funding the buyout. The author infers that the Las Vegas economy will soon recover and that Penn National will be part of the city's future success.


Related Articles

  • Penn National Gaming to rename, rebrand W.Va. casino. Bair, Jessica // Central Penn Business Journal;4/23/2010, Vol. 26 Issue 17, p2 

    The article reports that the Penn National Gaming Inc. will be changing its name and upgrade its gaming facility in West Virginia.

  • Penn National OK'd for license. Knightly, Arnold M. // Las Vegas Business Press (10712186);6/28/2010, Vol. 27 Issue 26, pP13 

    The article reports that the gaming application of Penn National Gaming has been approved that will pave the way for the company to acquire a casino in Las Vegas, Nevada should the opportunity arise.

  • ELEVEN OPERTORS BID FOR MASS. CASINO LICENSES.  // Casino Journal;Feb2013, Vol. 26 Issue 2, p8 

    The article reports on the announcement of the Massachusetts Gaming Commission (MGC) regarding the submission of the first application and the fee by 11 gaming operators to receive an expanded gaming license including MGM Springfield, Penn National Gaming Inc., and Crossroads Massachusetts LLC.

  • Penn changes tune, backs new measure for casinos in Ohio.  // International Gaming & Wagering;Mar2009, Vol. 30 Issue 3, p15 

    The article reports on a ballot measure for new casinos proposed by Penn National Gaming Inc. in Ohio. Such initiative, which is known as the November 2009 ballot measure, would turn the seven horse tracks in Ohio into gambling venues and four casinos and represents a reversal attitude for the...

  • Penn National floats own proposal for casino gambling in Ohio.  // Casino Journal;Mar2009, Vol. 22 Issue 3, p6 

    The article reports on the move of Penn National to seek support to legalize casinos in Ohio. It says that the company is talking to the state's lawmakers to secure support for a ballot initiative that would permit casinos to be built at the state's seven racetracks and at stand-alone sites in...

  • Pa. tracks have plans for racinos.  // Casino Journal;Jun2003, Vol. 16 Issue 6, p33 

    Reports on the casinos that Penn National Gaming Inc. and Philadelphia Park planned to build in Pennsylvania. Sizes of the casinos; Cost of the casino project of Penn National; Reason of Penn National for adopting a Hollywood theme for its casino.

  • Massachusetts to pilot wager limit settings for slot machines.  // Slot Manager;Jan/Feb2015, p6 

    The article reports on the decision of the Massachusetts Gaming Commission (MGC) to test a play management system in casinos that would allow patrons to monitor the amount they spend on electronic gaming machines. The initiative aims to prevent chronic gambling and protect customers. In...

  • Penn National gets OK to buy piece of slot maker. Knightly, Arnold M. // Las Vegas Business Press (10712186);6/14/2010, Vol. 27 Issue 24, pP13 

    The article reports on the Nevada Gaming Control Board's issuance of a preliminary approval to casino operator Penn National Gaming for a plan to buy one percent of a small slot machine manufacturer and distributor in Las Vegas.

  • Casino firm craps out in La. Tita, Bob // Crain's Chicago Business;2/16/2004, Vol. 27 Issue 7, p3 

    The top bidder for Illinois' 10th casino license is in default on debt on a Louisiana casino. Since acquiring Hollywood Casino Shreveport in its purchase of Dallas-based Hollywood Casino Corp. last year, Penn National Gaming Inc. has refused to make mortgage payments on the casino. The company...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics