16-Jun-07. Penn National agrees to $6.1-billion buyout bid. Globe and Mail, B9.

June 19, 2007

Penn National Gaming Inc. has been bought out by Fortress Investment Group LLC and Centerbridge Partners LP for US$6.1-billion.  Shares of the gambling company have risen over the last four years because of an increase in legalized gambling.  The new owners will have to repay $2.8-billion in outstanding debt.

Entry Filed under: Casino industry, USA. .

Summaries of newspaper articles from Albertan and Canadian newspapers related to all aspects of gambling and gaming.

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