Penn National Lands Lone Mass. Slots Parlor License

Law360, New York (February 27, 2014, 4:31 PM EST) -- A third try proved to be the charm for Penn National Gaming Inc., which on Thursday was conditionally awarded the state's lone slots parlor license for a $225 million gambling project it has proposed with Plainridge Racecourse.

In a 3-2 vote, the Massachusetts Gaming Commission agreed to award the 1,250-slot machine license to the joint venture, so long as the companies agree by Friday morning to accept several conditions. The project was Penn National's third bid for a state gambling license, after it was blocked by...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.