Penn, which owns the M Resort, said Tuesday its net income for the quarter that ended June 30 was $66.7 million, down 12 percent from $76 million in the same quarter a year ago. Penn's earnings per share was 63 cents, compared with 71 cents in the same quarter of 2011. Penn's overall revenues were $712.6 million, compared with $687.9 million a year ago.
Most of the attention on Penn centered around Ohio. The company opened the Hollywood Casino Toledo at the end of May and announced its Hollywood Columbus Casino would open in early October. The company will also spend $275 million apiece to move two Ohio racetrack casinos to new locations in Austintown and Dayton, which are anticipated to open in 2014.