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Profile: Penn National Gaming Inc (PENN.O)

PENN.O on Nasdaq

28.15USD
19 Oct 2018
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1,616,984
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Penn National Gaming, Inc. (Penn), incorporated on December 16, 1982, is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. As of December 31, 2016, the Company operated 27 facilities in 17 jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, California and Ontario.

The Northeast segment consists of various properties, including 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 segment consists of various properties, such as Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort, and Tropicana Las Vegas, as well as the Hollywood Casino Jamul-San Diego project with the Jamul Tribe, which it operates under a management contract. The Midwest segment consists of various properties, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Lawrenceburg, Hollywood Casino St. Louis and Prairie State Gaming, and includes the Company's investment in Kansas Entertainment, LLC (Kansas Entertainment), which owns the Hollywood Casino at Kansas Speedway. The Other category consists of the Company's standalone racing operations, including Rosecroft Raceway, Sanford-Orlando Kennel Club, and the Company's joint venture interests in Sam Houston Race Park, Valley Race Park and Freehold Raceway.

Northeast Properties

The Hollywood Casino at Charles Town Races is located in Charles Town, West Virginia. As of December 31, 2016, the Hollywood Casino at Charles Town Races featured 511,249 of property square footage with 2,527 gaming machines, 86 table games and 20 poker tables, and a 153‑room hotel. Hollywood Casino at Charles Town Races also offers various dining options, including a steakhouse, a sports bar and entertainment lounge, as well as an Asian themed restaurant. Hollywood Casino at Penn National Race Course is located in Grantville, Pennsylvania. As of December 31, 2016, the Hollywood Casino at Penn National Race Course featured 451,758 of property square footage with 2,389 slot machines, 56 table games and 16 poker tables. The facility also includes an entertainment bar and lounge, a sports bar, a buffet, a steakhouse and various casual dining options, as well as a simulcast facility and viewing area for live racing. Hollywood Casino Toledo is located in Toledo, Ohio. As of December 31, 2016, the Hollywood Casino Toledo featured 285,335 of property square footage with 2,044 slot machines, 59 table games and 19 poker tables.

The Hollywood Gaming at Dayton Raceway is located in Dayton, Ohio. As of December 31, 2016, the Hollywood Gaming at Dayton Raceway featured 191,037 of property square footage with 1,005 video lottery terminals and a standardbred racetrack. Hollywood Gaming at Dayton Raceway is a Hollywood-themed facility. Hollywood Gaming at Mahoning Valley Race Course is located in Youngstown, Ohio. As of December 31, 2016, the Hollywood Gaming at Mahoning Valley Race Course featured 177,448 of property square footage with 986 video lottery terminals and an one-mile thoroughbred racetrack. Hollywood Casino Bangor is located in Bangor, Maine. As of December 31, 2016, the Hollywood Casino Bangor included 257,085 of property square footage with 778 slot machines, 14 table games and four poker tables. Plainridge Park Casino is located 20 miles southwest of the Boston beltway just off interstate 95 in Plainville, Massachusetts. As of December 31, 2016, the Plainridge Park Casino featured 196,473 of property square footage with 1,250 gaming devices. The Company, through its subsidiary, CHC Casinos Canada Limited (CHC Casinos), manages Casino Rama, a full service gaming and entertainment facility. As of December 31, 2016, the Casino Rama had 864,047 of property square footage with 2,543 gaming machines, 98 table games and 12 poker tables.

South/West Properties

The Company's M Resort is located approximately 10 miles from the Las Vegas strip in Henderson, Nevada, and is situated on approximately 90 acres on the southeast corner of Las Vegas Boulevard and St. Rose Parkway. As of December 31, 2016, the M Resort featured 910,173 of property square footage with 1,320 slot machines and 40 table games. Zia Park Casino is located in Hobbs, New Mexico and includes a casino, as well as an adjoining racetrack. As of December 31, 2016, the Zia Park Casino included 193,645 of property square footage with 750 slot machines and two restaurants. Hollywood Casino Tunica is located in Tunica, Mississippi. As of December 31, 2016, the Hollywood Casino Tunica featured 315,831 of property square footage with 1,040 slot machines, 17 table games and six poker tables. Hollywood Casino Gulf Coast is located in Bay St. Louis, Mississippi. As of December 31, 2016, the Hollywood Casino Gulf Coast featured 425,920 of property square footage with 1,096 slot machines, 18 table games and five poker tables. Boomtown Biloxi is located in Biloxi, Mississippi. As of December 31, 2016, the Boomtown Biloxi included 34,800 of property square footage with 897 slot machines and 14 table games. Tropicana Las Vegas is located on the strip in Las Vegas, Nevada. As of December 31, 2016, the Tropicana Las Vegas featured 1,183,984 of property square footage with 671 slot machines and 35 table games. Hollywood Casino Jamul-San Diego is a three-story gaming and entertainment facility. As of December 31, 2016, the Hollywood Casino Jamul-San Diego included approximately 200,000 square feet with 1,731 slot machines, 40 live table games, multiple restaurants, bars and lounges and a partially enclosed parking structure with over 1,800 spaces.

Midwest Properties

The Hollywood Casino Aurora, part of the Chicagoland market, is located in Aurora, Illinois, the second largest city in Illinois, approximately 35 miles west of Chicago. As of December 31, 2016, the Hollywood Casino Aurora included 222,189 of property square footage with 1,100 slot machines, 21 gaming tables and six poker tables. Hollywood Casino Joliet, part of the Chicagoland market, is located on the Des Plaines River in Joliet, Illinois, approximately 40 miles southwest of Chicago. As of December 31, 2016, the Hollywood Casino Joliet provided two levels with 1,100 slot machines, 26 table games and three poker tables. Argosy Casino Alton is located on the Mississippi River in Alton, Illinois, approximately 20 miles northeast of downtown St. Louis. As of December 31, 2016, the Argosy Casino Alton featured 124,569 of property square footage with 827 slot machines and 12 table games. Argosy Casino Riverside is located on the Missouri River, approximately five miles from downtown Kansas City in Riverside, Missouri. As of December 31, 2016, the Argosy Casino Riverside featured 450,397 of property square footage with 1,513 slot machines and 38 table games. Hollywood Casino Lawrenceburg is located on the Ohio River in Lawrenceburg, Indiana, approximately 15 miles west of Cincinnati. As of December 31, 2016, the Hollywood-themed casino riverboat has 634,000 square feet of property square footage with 1,758 slot machines, 62 table games and 19 poker tables.

The Hollywood Casino at Kansas Speedway, the Company's joint venture with International Speedway Corporation, is located in Kansas City, Kansas. As of December 31, 2016, the Hollywood Casino at Kansas Speedway featured 244,791 of property square footage with 2,000 slot machines, 41 table games and 12 poker tables. Hollywood Casino St. Louis is located adjacent to the Missouri River in Maryland Heights, Missouri. As of December 31, 2016, the Hollywood Casino St. Louis featured 645,270 of property square footage with 2,000 slot machines, 63 table games, 20 poker tables, a 502 guestroom hotel, nine dining and entertainment venues and structured and surface parking with approximately 4,600 spaces. The Company holds interest in Illinois Gaming Investors, LLC, doing business as Prairie State Gaming, which is a licensed video gaming terminal route operator in Illinois.

Other Properties

The Sanford-Orlando Kennel Club is a greyhound facility located in Longwood, Florida. The facility has capacity for 6,500 patrons, with seating for 4,000 and surface parking for 2,500 vehicles. Through itsjoint venture in Pennwood Racing, Inc. (Pennwood), the Company holds interest in Freehold Raceway, located in Freehold, New Jersey. The Company, through a joint venture with MAXXAM, Inc., owns and operates the Sam Houston Race Park in Houston, Texas and the Valley Race Park in Harlingen, Texas, and holds a license for a planned racetrack in Manor, Texas, just outside of Austin. Its off-track wagering facilities (OTWs) and racetracks provide areas for viewing import simulcast races of thoroughbred and standardbred horse racing, televised sporting events, placing pari-mutuel wagers and dining.

Company Address

Penn National Gaming Inc

825 Berkshire Blvd Ste 200
READING   PA   19610-1247
P: +1610.3732400
F: +1610.3734966

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