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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 gaming. It operates 43 properties in 20 states, online sports betting in 14 jurisdictions and iCasino in five under the brands Hollywood Casino, L’Auberge, Barstool Sportsbook, and theScore Bet. The company also owns a 36% stake in Barstool Sports. In 2013, Penn completed the corporate spin-off of Gaming and Leisure Properties, a real estate investment trust. 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 Nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (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 therefore 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 Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Pittsburgh Press
''The Pittsburgh Press'' (formerly ''The Pittsburg Press'' and originally ''The Evening Penny Press'') was a major afternoon daily newspaper published in Pittsburgh, Pennsylvania, from 1884 to 1992. At one time, the ''Press'' was the second largest newspaper in Pennsylvania, behind only ''The Philadelphia Inquirer''. For four years starting in 2011, the brand was revived and applied to an afternoon online edition of the ''Pittsburgh Post-Gazette''. Early history The history of the ''Press'' traces back to an effort by Thomas J. Keenan Jr. to buy ''The Pittsburg Times'' newspaper, at which he was employed as city editor. Joining Keenan in his endeavor were reporter John S. Ritenour of the Pittsburgh ''Post'', Charles W. Houston of the city clerk's office, and U.S. Representative Thomas M. Bayne. After examining the ''Times'' and finding it in a poor state, the group changed course and decided to start a new penny paper in hopes that it would flourish in a local market full of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Garden State Park
Garden State Park was a harness and thoroughbred race track in Cherry Hill, Camden County, New Jersey. It is now the site of a high-end, mixed-use "town center" development of stores, restaurants, apartments, townhouses, and condominiums. Garden State Park's 600 acre (≈1 square mile) land area is roughly bounded by Route 70, Haddonfield Road, Chapel Avenue, and New Jersey Transit's Atlantic City Rail Line. History Garden State Park opened on July 7, 1942 after delays caused by raw material rationing at the United States' entry into World War II. Due to the seizure of 30,000 tons of structural steel by war authorities, developer Eugene Mori mostly constructed Garden State Park's ornate Georgian-style grandstand of wood. Limited amounts of steel came from the demolition of New York City's elevated railways. Despite this inauspicious start, 'the Garden,' as it was known, was officially 'out of the gate.' In its heyday, it would host some of the finest thoroughbred racehorses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freehold Raceway
Freehold Raceway is a half-mile racetrack in Freehold Borough, New Jersey, and is the oldest racetrack in the United States. Horseraces have been taking place at Freehold Raceway since the 1830s. The Monmouth County Agricultural Society was formed on December 17, 1853, and in 1854 they began holding an annual fair with harness racing at Freehold Raceway From 1998 to 2010, Freehold Raceway was the home of the Cane Pace, a harness horse race run annually since 1955. In 1956 the race joined with the Little Brown Jug and the Messenger Stakes to become the first leg in the Triple Crown of Harness Racing for Pacers. In 1984, an electrical fire destroyed the main building. Racing was then held under tents until the new building was completed in 1986. In 1990, the Freehold Raceway Mall opened up across the street, and was, until 2007, decorated with harness racing motif. In 1998, Freehold was acquired by a joint venture of Penn National Gaming (now Penn Entertainment) and Greenwood ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Town Races
Hollywood Casino at Charles Town Races is a casino, hotel and Thoroughbred racing, thoroughbred horse racing complex located in Charles Town, West Virginia, 60 miles (97 km) northwest of Washington, D.C., Washington D.C. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. History Background and development Founded by Albert and Joseph Boyle as Jefferson County, West Virginia, Jefferson County Races, Hollywood Casino at Charles Town Races became America’s first winter race meet upon its opening in December 1933. The Boyles spent $160,000 to build the facility (a huge sum during the height of the Great Depression) believing 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 and odds being calculated by slide rule, the grandstand overflowed. Train service from Baltimore boosted attendance, and the track continued to thrive through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pocono Downs
Mohegan Pennsylvania (formerly Mohegan Sun Pocono, Pocono Downs and Mohegan Sun at Pocono Downs) is a racino located in Plains Township on the outskirts of Wilkes-Barre, Pennsylvania. The casino features over 2,300 slots, live tables for blackjack, roulette and poker, and a sportsbook offering sports betting. A ⅝-mile (1-kilometer) harness track is also a major attraction. History The racetrack itself is as of 2015 now called The Downs At Mohegan Sun Pocono. Mohegan Sun acquired the Pocono Downs racetrack on January 25, 2005 in a $280 million purchase of the Pocono Downs Racetrack from Penn National Gaming. Mohegan Sun renamed the property "Mohegan Sun at Pocono Downs," and began a major expansion. It began operation in November 2006 as the first slots casino in the state of Pennsylvania. In January 2010, then Governor Ed Rendell signed a bill to legalize table games in Pennsylvania. The Mohegan Sun casino was among the first to receive approval for table games, and pla ... [...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 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 track indeed lessened, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasdaq
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US 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 also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (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 therefore 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 Kingdom it is usually a public limited company (plc), i ... [...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 by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Philadelphia Inquirer
''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pennsylvania, South Jersey, Delaware, and the northern Eastern Shore of Maryland, and the 17th largest in the United States as of 2017. Founded on June 1, 1829 as ''The Pennsylvania Inquirer'', the newspaper is the third longest continuously operating daily newspaper in the nation. It has won 20 Pulitzer Prizes . ''The Inquirer'' first became a major newspaper during the American Civil War. The paper's circulation dropped after the Civil War's conclusion but then rose again by the end of the 19th century. Originally supportive of the Democratic Party, ''The Inquirers political orientation eventually shifted toward the Whig Party and then the Republican Party before officially becoming politically independent in the middle of the 20th cen ... [...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, or 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 proportionally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
