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Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming
In 2004, Argosy was acquired by Penn National Gaming (now Penn Entertainment). In June 2009, Penn National unveiled a much larger riverboat with a passenger capacity of nearly 9,000 guests and 4,400 gaming positions. The new boat also marked the changeover from the Argosy name to Penn National's primary brand, Hollywood Casino.
The casino was opened by Pinnacle Entertainment in May 2005. [4] In April 2016, the property was sold to Gaming and Leisure Properties along with almost all of Pinnacle's real estate assets, and leased back to Pinnacle. [5] [6] Penn National Gaming (now Penn Entertainment) acquired Pinnacle in October 2018, including the operations the resort. [7]
By 2023, Barstool Sportsbook offered mobile betting in 17 states, [6] and Penn had acquired the remaining stakes in Barstool from founder David Portnoy and The Chernin Group for $388 million. Some of Penn Entertainment's casinos also constructed or rebranded their sportsbooks under the Barstool Sportsbook banner, with 19 locations by 2023. [7] [8]
Pinnacle Entertainment, Inc. was an American gambling and hospitality company. It was acquired by Penn National Gaming in 2018. At the time of acquisition, it operated sixteen casino properties, located in Colorado , Indiana , Iowa , Louisiana , Mississippi , Missouri , Nevada , Pennsylvania , and Ohio , and a horse track in Texas .
In May 2019, Vici Properties and Penn National Gaming (now Penn Entertainment) jointly bought Greektown from Jack Entertainment. Vici paid $700 million for the real estate assets, while Penn National paid $300 million for the operating business. It leased the property from Vici for $56 million per year.
The track was then sold in early 1997 to a joint venture of Penn National Gaming (now Penn Entertainment) and Bryant Development Company for $16.5 million. [14] [15] The new owners began a $175-million upgrade of the venue. [16] These upgrades included the addition of simulcast racing, numerous dining options, and 3,500 slot machines. Penn ...
The Hollywood Casino at The Meadows, formerly The Meadows Racetrack and Casino, originally (1963) just The Meadows horse-racing track, is a Standardbred harness-racing track and slot-machine casino which is located in North Strabane Township, Pennsylvania, United States, about 25 miles (40 km) southwest of Pittsburgh.