Penn National Gaming gets Maine competition

December 29, 2009 3:03 AM
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Penn National Gaming (PENN)The Maine gaming monopoly that Penn National Gaming Inc. (PENN) has enjoyed with its Hollywood Casino at Bangor Raceway could end if a company seeking a casino license is successful.

Black Bear Entertainment LLC has delivered more than 100,000 signatures to Maine election officials seeking to force a statewide referendum.

If the secretary of state certifies at least 55,000 signatures of those submitted, Maine voters would decide the issue on next November’s ballot.