Penn National Gaming satisfies financing condition

WYOMISSING, Pa. — Casino operator Penn National Gaming Inc. said Friday that it has satisfied the financing condition related to the tender offer and consent solicitation for $200 million senior subordinated notes due 2011.

Shares of Penn National Gaming fell 75 cents, or 2.3 percent, to $31.39 in midday trading. Over the past year, the stock has traded in a range of $11.82 to $35.37.