Penn National OKs $200M Buyback
Penn National Gaming Inc., which operates casinos and horse racetracks, on Monday said it has approved a $200 million share repurchase program to provide stock-based incentives to executives.
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- A Second Look: Penn National Gaming
- News in brief from central Pennsylvania
- Penn National opens slots parlor
- Penn National to Amend Credit Facility
- Grantville Race Course Slots Approved
- Penn National Gaming considers Maryland site
- Penn National Halts Construction Of Slots Facility
- Penn National Plans to Reopen Casinos
- Toledo racetrack owner joins slot machine effort
- Penn National halts work at slots site
Gambling casinos history:
- The age of electronic games began in 1964 with the Nevada Electronic's solid state "21" machines. The most successful of these was the Dale Electronics' Poker-Matic, which could be found in most Nevada casinos.
- Charles Fey invented the first slot machine way back in 1895. He went on to perfect his initial innovation in 1907, when he teamed with Mills Novelty Company who manufactured the "Mills Liberty Bell".
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
- 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
2005: Las Vegas celebrates one illustrious century on May 15.
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