Pennsylvania News - Page 97

Magna Entertainment Corp. has entered into a share purchase agreement with PA Meadows and a fund managed by Oaktree Capital Management for its shares in The Meadows, a standardbred racetrack in Washington County, Pennsylvania.

News Brief: The Meadows is taking steps to make room for the slot machine casino to be built at the Pennsylvania harness racing track.

ews Brief: Three potential casino applicants attended a meeting Thursday where the Pittsburgh Gaming Task Force outlined its expectations for a slots parlor in the city.

News Brief: The owner of the Planet Hollywood chain of theme restaurants presented Philadelphia city officials with plans for a $380 million casino along the Penn's Landing waterfront yesterday.

News Brief: Nasty accusations have been tabled by the two companies that are competing for the right to build a harness track in Western Pennsylvania.

The Pennsylvania Department of Revenue reports that SAS 6.01 will be the initial communications protocol for slots gaming in the commonwealth.

News Brief: Potential operators in Gettysburg, the Lehigh Valley and the Poconos are expected to jockey for the rights to two other licenses to be awarded statewide by the Pennsylvania Gaming Control Board for casinos with up to 5,000 slot machines.

News Brief: Two casinos slated for construction in Philadelphia could generate between $668 million and $747 million in their first full year of operation and add up to 12,000 jobs, according to the final report of the Philadelphia Gaming Task Force released.

News Brief: The owner of Penn National Race Course in Grantville has pushed back its projected opening of a slot-machine casino at the track from the spring of 2007 to the third quarter of that year.

The seven employees of a National City Bank branch located at 364 Center Avenue in Butler jointly won an $853,492 prize in a recent Powerball drawing.

News Brief: Pennsylvania's road to casino gambling remains blocked over how to get slot machines into 14 casinos in the state.

News Brief: Barry Gosin, a partner in BethWorks Now and CEO of Newmark and Company, defended the development of the Bethlehem Steel site into a casino during a community forum.

ews Brief: Slots in Pittsburgh could build an arena, destroy lives or create jobs, depending on who was speaking Wednesday night at the Pittsburgh Gaming Task Force's public forum.

Ten Pennsylvania Lottery tickets matched all five white balls but not the red Powerball. Each ticket is worth $853,492 cash.

News Brief: Las Vegas Sands Corp. was a top sponsor of this week's gathering of community planners in the city, but you wouldn't have guessed that at Wednesday's session on slots in Pennsylvania.

News Brief: Pennsylvania's road to slots and lower school property taxes has hit another impasse.

News Brief: Few people voiced strong feelings Thursday evening about a slots parlor coming to the city during the first of six public forums on gambling in Pittsburgh, Pennsylvania.

Pennsylvania Secretary of Revenue Gregory C. Fajt said limited slots gaming approved last year would generate $1 billion for statewide property tax cuts beginning in 2007.

News Brief: The Rendell administration is confident that a lawsuit filed earlier this week by the state police union over gambling-related background checks won't derail the startup of Pennsylvania's slot machine industry.

News Brief: City planners are trying to curb the sprawl of the proposed slot machine casino in Pittsburgh.