The last week of January brought news of a unique deal between casino operator Penn National Gaming, owner of two casinos and two racinos in Ohio, and Barstool Sports. Penn National will make an initial investment of $163 million for a 36% interest in the Barstool Sports media company. The initial ...
Tag: Penn National Gaming
February 25, 2020ogadmin
The Ohio Legislature’s Joint Committee on Gaming and Wagering, which was created to study the gaming environment in Ohio, released a report addressing several issues. The issue drawing the most attention was Ohio’s practice of not taxing promotional spending at the casinos and racinos, which has amounted to $650 million since ...
January 18, 2016ogadmin
Penn National Gaming has pulled out of its joint venture with Endeka Entertainment LP to build a racino in Lawrence County, PA. The Hollywood Gaming at Mahoning Valley Race Course racino, also operated by Penn National Gaming, is less than 30 minutes away from the proposed Pennsylvania site near New ...
April 21, 2015ogadmin
In 2012, legislation paved the way for racinos to come to Ohio. As part of that legislation, a memorandum of understanding called for an annual payment of $500,000 to each of the six host communities. Columbus was excluded because of the casino. However, an agreement was never reached on how ...
April 20, 2015ogadmin
It appears the biggest hurdle facing the opening of the Austintown racino has been cleared. Penn National Gaming and the Ohio Horsemen’s Benevolent and Protective Association (OHBPA) have been at odds over the number of stalls. Penn National Gaming wanted 760 stalls. OHBPA was thinking closer to 1,000 stalls. Both ...
March 10, 2014ogadmin
Penn National Gaming received a license to operate the Columbus Hollywood Casino. The grand opening for the casino has been scheduled for October 8. The casino has planned an invitation-only “soft opening” on October 3. The proceeds from the soft opening will be split between five local charities, including the ...
September 13, 2012ogadmin
Four more horse racing tracks have applied for video slots licenses from the lottery commission. Thistledown, Beulah Park, Raceway Park and River Downs all hope to join Scioto Downs as horse racing tracks with VLTs. Northfield Park and Lebanon Raceway are the only two remaining tracks that have not yet applied ...
July 6, 2012ogadmin
Penn National unveiled its plan for the Hollywood Slots at Mahoning Valley Race Course before a meeting of Austintown Township trustees. Penn National is relocating its Beulah Park facility to the Austintown area. The racetrack and gaming facility will be built on 186 acres near I-80 and State Route 46. ...
June 19, 2012ogadmin
As expected, the OCCC voted unanimously to give Penn National their gambling license. Toledo Gaming Ventures, LLC, a subsidiary of Penn National that will operate the Toledo casino, was also granted a license. All this despite a last-minute surprise by Penn National. Two days after their May 2nd meeting, the ...
May 22, 2012ogadmin
Penn National has purchased property in Austintown Township for $4.6 million. The 186-acre property near Youngstown at the Center Pointe Business Park is expected to be the new home of Raceway Park, a thoroughbred track that Penn National is relocating from Toledo. But nothing further will be done until the ...
April 30, 2012ogadmin