HOUSTON — An eastern Pennsylvania company that owns the real estate of Penn National Gaming Inc. is buying The Meadows Racetrack & Casino near Pittsburgh for $465 million.

Gaming and Leisure Properties of Wyomissing plans to keep The Meadows buildings and real estate, but will sell its gaming licenses and other assets to a company that will continue to operate the harness racing track and casino.

The Meadows, about 15 miles south of Pittsburgh, has been owned by Cannery Casino Resorts LLC, of Las Vegas, since 2006.

Cannery's co-CEO William Paulos, says, “This is a terrific deal for CCR and a great outcome for our employees, partners and customers at The Meadows.”.

NEW YORK — After a slow, cold winter, Macy’s Inc. saw its business improve in April as the spring thaw heated up shoppers’ demand for shorts and T-shirts, the department store chain said Wednesday.But Mother Nature’s aid came too late to boost the department store chain’s first-quarter sales, which missed expectations despite a 3.2 percent increase in profit.Macy’s stuck by its full-year earnings outlook, indicating it thinks the April sales surge will continue.