Zia Park Race Track & Black Gold Casino News

Penn National Gaming, Inc. (PENN: Nasdaq) announced today that, following approval by the New Mexico Racing Commission and New Mexico Gaming Control Board, it has completed the purchase of the assets of Zia Partners, LLC for $200 million.

Penn National Gaming, Inc. has entered into a definitive agreement to purchase the assets of Zia Partners, LLC, which are primarily comprised of Zia Park Racetrack and its Black Gold Casino for $200 million.

News Brief: The opening of the Black Gold Casino and pending opening of Zia Park Racetrack is changing the face of Hobbs, New Mexico.

News Brief: Just five years or so into the gambling game, Paul Blanchard is part-owner of the Downs at Albuquerque racetrack and casino and the new Zia Park racino in Hobbs.

News Brief: The bustling new Black Gold Casino and Zia Park Raceway under construction north of town will diversify Hobbs' oil-based economy and create a cornucopia of jobs, said local business people and an economic development official.

News Brief: The approval process may have taken longer than planned, but Hobbs, New Mexico, is betting that the opening a new $45 million racetrack/casino in less than four months is worth the wait.

News Brief: Construction of the new Zia Park racetrack and casino in southeast New Mexico is under way.

The state could see millions of additional dollars pumped into its coffers thanks to a horse track and casino under construction here.