Las Vegas Sun

November 12, 2009

Currently: 66° | Complete forecast | Log in

Penn-Argosy deal scrutinized

Tuesday, Feb. 8, 2005 | 9:28 a.m.

Penn National Gaming Inc., a casino and racetrack owner, and Argosy Gaming Co. said the Federal Trade Commission has requested more information about the companies' planned merger.

Penn National and Argosy, which still expect to complete the transaction in the second half of this year, said in a statement sent by Business Wire today that they will respond "promptly" to this second request from the FTC.

Penn National, based in Wyomissing, Penn., announced in November plans to acquire Alton, Ill.-based Argosy for $1.4 billion in cash to create the third-largest U.S. operator of gambling properties, with more than 20,000 slot machines and 700,000 square feet of casino space.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 12 Thu
  • 13 Fri
  • 14 Sat
  • 15 Sun
  • 16 Mon

All events on Thursday »