Company Profile
Updated: 21-SEP-09Penn National Gaming Inc.
Public Company, Headquarters Location
825 Berkshire Blvd., Ste. 200, Wyomissing, PA 19610-1247, United States
(610)373-2400, (610)373-4966 fax, http://www.pngaming.com
Primary SIC: Coin-operated Amusement Devices, Primary NAICS: Amusement Arcades
Description: Penn National Gaming Inc. was incorporated in Pennsylvania in 1982 as PNRC Corp. and adopted its current name in 1994, when the company went public. Penn National Gaming acts as an owner and manager of gaming and pari-mutuel properties, including harness horse racetracks, greyhound dog racetracks, off-track wagering facilities and account wagering/Internet wagering. Headquartered in Wyomissing, Pa., the company owns or manages 19 facilities in North America, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, West Virginia and Ontario. In 1983, Penn National Gaming launched Telebet, which offers account wagering on more than 80 United States racetracks, and has betting customers from the 14 U.S. states that permit account wagering as well as the U.S. Virgin Islands. In 1997, the company began a transition from a pari-mutuel company to a diversified gaming company with the acquisition of the Charles Town property. Since 1997, Penn National Gaming has expanded its gaming operations through the acquisitions of Hollywood Casino Bay St. Louis and Boomtown Biloxi, CRC Holdings, Inc., the Bullwhackers properties, Hollywood Casino Corporation, Argosy Gaming Company, Black Gold Casino at Zia Park and Sanford-Orlando Kennel Club. More
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Penn National Gaming Announces a Community Relations Advisory Agreement with Russell Simmons and Labor Framework Agreement with New York Hotel & Motel Trades Council, AFL-CIO.
Entertainment Business Newsweekly; 11/22/2009; 1698 words; Penn National Gaming, Inc. (PENN: Nasdaq) announced that it has reached a community relations agreement...Trades Council, AFL-CIO in relation to a video lottery terminal gaming facility at New York's Aqueduct Race Track. The agreements reflect...
Lakes Entertainment Announces Passage of Ohio Referendum.
Entertainment Newsweekly; 11/20/2009; 875 words; ...Cleveland Cavaliers, and Penn Ventures, LLC ("Penn"), a subsidiary of Penn National Gaming, Inc. Lakes recently reached an agreement with Penn whereby it (1) agreed to fund 10% of Penn...
STATE Briefs
Charleston Gazette; 11/17/2009; 947 words; ...of the New River Gorge National River property. Ranger...deliberately set. Charles Town gaming attracts early voting...Pennsylvania-based Penn National Gaming Inc. Jefferson voters rejected...in Protea Biosciences Inc. Protea Chairman and...
Hundreds vote early on Charles Town table games
AP Online; 11/16/2009; 530 words; ...decide Dec. 5 whether to approve blackjack, poker and other games for the track, owned by Pennsylvania-based Penn National Gaming Inc. Jefferson voters rejected the games two years ago, while voters in Kanawha, Hancock and Ohio counties passed...
India : International Speedway to sell NY land for $80 mln.
TendersInfo; 11/14/2009; 508 words; ...said some of the sale proceeds could go toward a casino that the company is planning to build, with partner Penn National Gaming Inc (PENN.O), at its Kansas Speedway facility in Kansas City. "But for the time being, we will use it to pay...
Recent News Articles
- Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011.
Business Wire - October 26, 2009 - International Speedway Corporation and Penn National Gaming, Inc. Join Forces to Bring a Hollywood-Themed Entertainment Destination Facility to the State of Kansas.
PR Newswire - September 10, 2009 - Penn National Gaming, Inc. Announces Expiration and Results of Its Previously Announced Tender Offer and Consent Solicitation for Its 6% Senior Subordinated Notes Due 2011.
Business Wire - September 04, 2009 - Penn National Gaming, Inc. Extends Consent Deadline and Waives Consent Condition in Tender Offer and Consent Solicitation for Its 6% Senior Subordinated Notes Due 2011.
Business Wire - August 20, 2009
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