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Penn National Gaming
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming. It also offers sports betting in 17 U.S. jurisdictions and online casino gaming in five, under brands such as ESPN Bet and theScore Bet. History Background and early history (1968–1994) Beginning: Pitt Park Raceway, Inc. and the Pennsylvania National Turf Club In 1967, Pennsylvania enacted a law allowing thoroughbred horse racing with parimutuel wagering. Two companies that later formed part of Penn National Gaming were founded in 1968 by groups seeking one of the four available racing licenses: Pitt Park Raceway, Inc., formed by several Erie area businessmen, and the Pennsylvania National Turf Club, established by a group ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia Daily News
''Philadelphia Daily News'' is a tabloid newspaper that serves Philadelphia, Pennsylvania. The newspaper is owned by The Philadelphia Inquirer, LLC, which also owns ''The Philadelphia Inquirer'', a daily newspaper in Philadelphia. The ''Daily News'' began publishing on March 31, 1925, under founding editor Lee Ellmaker. By 1930, the newspaper's circulation exceeded 200,000, but by the 1950s the news paper was losing money. In 1954, the newspaper was sold to Matthew McCloskey and then sold again in 1957 to publisher Walter Annenberg. In 1969, Annenberg sold the ''Daily News'' to Knight Ridder. In 2006 Knight Ridder sold the paper to a group of local investors. The ''Daily News'' has won three Pulitzer Prizes. History 20th century ''Philadelphia Daily News'' began publishing on March 31, 1925, under founding editor Lee Ellmaker. In its early years, it was dominated by crime stories, sports and sensationalism. By 1930, daily circulation of the morning paper exceeded 200,000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Town Races
Hollywood Casino at Charles Town Races is a casino, hotel and Thoroughbred horse racing complex located in Charles Town, West Virginia, 60 miles (97 km) northwest of Washington, D.C. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. History Background and development The track opened on December 2, 1933. It was the first horse track to open in West Virginia, following the legalization of parimutuel wagering earlier in the year. It was developed and operated by the Shenandoah Valley Jockey Club, led by Joseph Boyle. It became America's first winter race meet upon its opening. The facility, located on the former grounds of the Charles Town Horse Show, was constructed in two months at a cost of $160,000 (a huge sum during the height of the Great Depression). The developers believed that it would draw large crowds due to it being the only northern track to hold races during the winter season, and they were right. Even with freezing temperatures ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohegan Pennsylvania
Mohegan Pennsylvania is a racino located in Plains Township on the outskirts of Wilkes-Barre, Pennsylvania. It is owned and operated by Mohegan, the gaming and entertainment arm of the Mohegan Tribe of Connecticut. The facility includes over 2,300 slot machines, live tables for blackjack, roulette and poker, and a sportsbook for sports betting. It also retains its original harness racing track, which opened in 1965 as Pocono Downs. History The Pocono Downs harness racing facility opened in July 1965. Mohegan acquired the racetrack on January 25, 2005 in a $280 million deal with Penn National Gaming. Rebranded as "Mohegan Sun at Pocono Downs," the facility became the first slots casino in Pennsylvania when it began operations in November 2006. Following Pennsylvania’s legalization of table games in 2010, the property added blackjack, poker, and roulette, launching those operations on July 13, 2010. In November 2013, Mohegan opened a hotel directly connected to the casino fl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Off-track Betting
Off-track betting (or OTB; in British English, off-course betting) is sanctioned gambling on greyhound racing or horse racing outside a race track. U.S. history Before the 1970s, only the state of Nevada allowed off-track betting. Off-track betting in New York was legalized in 1970, after years of unsuccessful attempts. By the 1970s there were 100 betting parlors in New York City, and twice that number by the late 1980s. In New York City, the thought was that legal off-track betting would increase revenue while at the same time decrease illegal gambling activity, but one effect of the legalization was a decrease of revenue at racetracks. The 1978 Interstate Horseracing Act struck a compromise between the interests of horse tracks and owners, the state, and OTB parlors, and stipulated that OTB revenues were to be distributed among the tracks, the horse owners, and the state. Another stipulation was that no OTB parlor was allowed to operate within of a track. Revenues at the trac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasdaq
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc. (which the exchange also lists; ticker symbol NDAQ), which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources. History 1972–2000 Nasdaq, Inc. was founded in 1971 by the National Association of Securities Dealers (NASD), which is now known as the Financial Industry Regulatory A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Philadelphia Inquirer
''The Philadelphia Inquirer'', often referred to simply as ''The Inquirer'', is a daily newspaper headquartered in Philadelphia, Pennsylvania. Founded on June 1, 1829, ''The Philadelphia Inquirer'' is the third-longest continuously operating daily newspaper in the United States. The newspaper has the largest circulation of any newspaper in both Pennsylvania and the Delaware Valley metropolitan region, which includes Philadelphia and its surrounding communities in southeastern Pennsylvania, South Jersey, northern Delaware, and the northern Eastern Shore of Maryland. As of 2020, the newspaper has the 17th-largest circulation of any newspaper in the United States As of 2020, ''The Inquirer'' has won 20 Pulitzer Prizes. Several decades after its 1829 founding, ''The Inquirer'' began emerging as one of the nation's major newspapers during the American Civil War. Its circulation dropped after the Civil War's conclusion, but it rose again by the end of the 19th century. Originally sup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harness Racing
Harness racing is a form of horse racing in which the horses race at a specific gait (a trot or a pace). They usually pull a two-wheeled cart called a sulky, spider, or chariot occupied by a driver. In Europe, and less frequently in Australia and New Zealand, races with jockeys riding directly on saddled trotters ( in French) are also conducted. Breeds In North America, harness races are restricted to Standardbred horses, although European racehorses may also be French Trotters or Russian Trotters, or have mixed ancestry with lineages from multiple breeds. Orlov Trotters race separately in Russia. The light cold-blooded Coldblood trotters and Finnhorses race separately in Finland, Norway and Sweden. Standardbreds are so named because in the early years of the Standardbred stud book, only horses who could trot or pace a mile in a ''standard'' time (or whose progeny could do so) of no more than 2 minutes, 30 seconds were admitted to the book. The horses have proportiona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Meadows Racetrack
The Hollywood Casino at The Meadows, formerly The Meadows Racetrack and Casino, originally (1963) just The Meadows horse-racing track, is a Standardbred harness-racing track and slot-machine casino which is located in North Strabane Township, Pennsylvania, United States, about southwest of Pittsburgh. After 44 years as a racetrack, the casino was added in 2007. The real estate has been owned by Gaming and Leisure Properties since 2016, with the business operations owned by Penn Entertainment since 2018, including a long term lease agreement to Gaming and Leisure Properties. History In November 1962, ground was broken for the first parimutuel horse-racing track in Western Pennsylvania, to be operated by the Washington Trotting Association. The track opened on June 28, 1963, and was officially named The Meadows. The Washington Trotting Association was purchased in February 1973, by a group that included trainer/driver Delvin Miller. Miller's imprint still exists on the tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittsburgh Post-Gazette
The ''Pittsburgh Post-Gazette'', also known simply as the PG, is the largest newspaper serving Greater Pittsburgh, metropolitan Pittsburgh in the U.S. state of Pennsylvania. Descended from the ''Pittsburgh Gazette'', established in 1786 as the first newspaper published west of the Allegheny Mountains, the paper formed under its present title in 1927 from the consolidation of the ''Pittsburgh Gazette Times'' and ''The Pittsburgh Post''. The ''Post-Gazette'' ended daily print publication in 2018 and has cut down to two print editions per week (Sunday and Thursday), going Online newspaper, online-only the rest of the week. In the 2010s, the editorial tone of the paper shifted from Liberalism in the United States, liberal to Conservatism in the United States, conservative, particularly after the editorial pages of the paper were consolidated in 2018 with ''The Blade (Toledo, Ohio), The Blade'' of Toledo, Ohio. After the consolidation, Keith Burris, the pro-Donald Trump, Trump editori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
