About Penn National Gaming, Inc.

Penn National Gaming is a large and diversified gaming company. It owns, operates, and has ownership interests in more than 25 horse racing and casino gaming facilities (including several riverboats) throughout the US and in Ontario, Canada. Penn National's casinos operate mainly under the Hollywood and Argosy names. Its race track facilities include Raceway Park in Toledo, Ohio; Hollywood Casino at Charles Town Races in West Virginia; and Hollywood Casino at Penn National Race Course outside of Harrisburg, Pennsylvania. Penn National also owns the M Resort near the Las Vegas Strip.


Penn National's three reportable segments are Northeast, South/West, and Midwest.

More than half of the company's revenue comes from the Northeast segment. It consists of the following properties: Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, and Plainridge Park Casino. It also includes the company's Casino Rama management service contract.

The South/West reportable segment consists of the following properties: Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort, and Tropicana Las Vegas, as well as Hollywood Casino Jamul-San Diego operated under a management contract with the Jamul Tribe.

The Midwest reportable segment consists of the following properties: Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Lawrenceburg, Hollywood Casino St. Louis, and Prairie State Gaming. The segment also includes the company's 50% investment in Kansas Entertainment, LLC ("Kansas Entertainment"), which owns the Hollywood Casino at Kansas Speedway.

Geographic Reach

Headquartered in Pennsylvania, Penn National operates facilities in Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario.

Sales and Marketing

Penn National's Marquee Rewards program allows customers to earn promotional points that are redeemable for slot play and complimentary gifts. The accumulated points can be redeemed for food and beverages at Penn National's restaurants and products offered at retail stores across the vast majority of the company's casino properties.

Financial Performance

Penn National's revenue was $3 billion in fiscal 2016. That was an increase compared to the previous fiscal period when the company reported $2.86 billion in revenue. Even with billions in revenue, Penn National's net income was a mere $109 million in fiscal 2016. That was, however, an improvement compared to the net income of only about $467 million the prior fiscal year.

Penn National ended fiscal 2015 with about $195 million in cash on hand from operations.


Penn National's strategy is to acquire and develop new properties in attractive regional US markets, such as Ohio and Maryland. It relies on cash flow from its properties, mainly cash from slot machines and race wagering, to repay debt that it has incurred from making significant acquisitions over the years and to fund capital projects and maintenance at new and existing properties.

Penn National has also been forming joint ventures to further expand its operations in several markets. It formed a joint venture with Sam Houston Race Park to own and operate three Texas racing facilities: the Sam Houston Race Park in Houston, the Valley Race Park in Harlingen, Texas, and a planned racetrack in Laredo, Texas.

Mergers and Acquisitions

In 2016, the company acquired based Rocket Games, Inc. (Rocket), a leading developer of social casino games, for approximately $60 million cash. The acquisition was a part of ongoing strategic initiative to acquire emerging growth platforms that allow the company to leverage its core regional gaming operations and database. It also expanded in-house capabilities and further diversified the company's portfolio of leading gaming entertainment assets.

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Penn National Gaming, Inc.

825 Berkshire Blvd #200
Wyomissing, PA 19610-1247
Phone: 1 (610) 373-2400
Fax: 1 (610) 373-4966


  • Employer Type: Public
  • CEO and Director: Timothy J. Wilmott
  • President and COO: Jay A. Snowden
  • CEO and Director: Timothy J. Wilmott
  • 2016 Employees: 18,808

Major Office Locations

  • Wyomissing, PA

Other Locations

  • Longwood, FL
  • Sioux City, IA
  • Joliet, IL
  • Kansas City, KS
  • Baton Rouge, LA
  • Bangor, ME
  • Biloxi, MS
  • Robinsonville, MS
  • Columbus, OH
  • Carbondale, PA
  • Grantville, PA
  • Lancaster, PA
  • York, PA
  • Charles Town, WV
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