Read more Penn National Gaming stories on Newserhttp://www.newser.com/taggrid/3106/penn-national-gaming.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorFri, 25 May 2012 15:10:11 CDThttp://www.newser.com/story/3167/gambling-firm-agrees-to-buyout.htmlM. Morris<img src='http://img1-cdn.newser.com/getimage.aspx?mediaid=7872&width=45&height=45&crop=Y&updateddate=20110401034628' border='0' />The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's...New slot machines are seen at the MotorCity Casino in Detroit, May 29, 2007. State government has relied on a slice of Michigan casino revenue for several years. The state is expected to collect about $164.9 million from Detroit's three casinos this fiscal year through a gross gaming receipts tax, according to the nonpartisan Senate Fiscal Agency. The collections are expected to drop about 20 percent to about $131.6 million for the fiscal year that starts in October. (AP Photo/Carlos Osorio)http://www.newser.com/story/3167/gambling-firm-agrees-to-buyout.htmlFri, 15 Jun 2007 16:08:55 CDT