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65-846: Hollywood Casino is a brand owned by Penn National Gaming from its acquisition of Hollywood Casino Corp. It may refer to: Hollywood Casino Aurora – Aurora, Illinois Hollywood Casino Bangor – Bangor, Maine Hollywood Casino Baton Rouge – Baton Rouge, Louisiana Hollywood Casino at Charles Town Races – Charles Town, West Virginia Hollywood Casino Columbus – Columbus, Ohio Hollywood Casino Gulf Coast – Bay St. Louis, Mississippi Hollywood Casino at Greektown – Detroit, Michigan Hollywood Casino Jamul – San Diego (now Jamul Casino) – Jamul, California Hollywood Casino Joliet – Joliet, Illinois Hollywood Casino Amphitheatre (Tinley Park, Illinois) Hollywood Casino at Kansas Speedway – Kansas City, Kansas The Hollywood Casino 400 ,

130-778: A NASCAR race Hollywood Casino Lawrenceburg – Lawrenceburg, Indiana Hollywood Casino Morgantown – Morgantown, Pennsylvania Hollywood Casino at Penn National Race Course – Grantville, Pennsylvania Hollywood Casino Perryville – Perryville, Maryland Hollywood Casino St. Louis – Maryland Heights, Missouri Hollywood Casino Amphitheatre (Maryland Heights, Missouri) Hollywood Casino Shreveport (now Eldorado Casino) – Shreveport, Louisiana Hollywood Casino Toledo – Toledo, Ohio Hollywood Casino Tunica – Tunica Resorts, Mississippi Hollywood Casino York – York, Pennsylvania Hollywood Gaming at Dayton Raceway – Dayton, Ohio Hollywood Gaming at Mahoning Valley Race Course – Youngstown, Ohio Topics referred to by

195-525: A Remote Gambling Licence in order to offer online betting to UK citizens. In 2014, the UK government put into law the Gambling Act of 2014 which in addition to the original 2005 law, required offshore online gambling operators catering to UK players to obtain a UK license. The new regulation required operators to pay a 15% Place of Consumption Tax (POCT), something that triggered an exodus of sorts of some operators from

260-456: A basic state monopoly on public gambling with limited exceptions for a few commercial providers. Online gambling, and other forms of public gambling, against these regulations is illegal in Germany. The state contract, its implementation in contrast to the more lenient EU legislation, and possible further changes have been controversially discussed in the public, politics, and courts. Online gambling

325-561: A casino in Canada. It also prohibits residents from participating in any lottery scheme, the game of chance, or gambling activity not licensed or operated by a provincial government. In 2010, the British Columbia Lottery Corporation launched Canada’s first legal online casino, PlayNow , which is available to residents of British Columbia , and later expanded to Manitoba and Saskatchewan . The province of Quebec operates

390-566: A focus on licensing, consumer protection, and responsible gambling practices. Online operators must collaborate with land-based casinos to operate legally, and Belgium employs a "white list" for approved sites and a "black list" for unauthorized ones to control online gambling. The commission ensures operators comply with laws designed to balance gambling opportunities with the prevention of gambling-related issues. The Canadian criminal code states that only provincial governments and charitable organizations licensed by provincial governments may operate

455-430: A form of marketing that may incur a cost (potentially justifiable in order to attract a new player who may return and deposit many more times), since the casino is essentially giving away money in return for a commitment from the player to wager a certain minimum amount before they are allowed to withdraw. Since all casino games have a house edge, the wagering requirements ensure that the player cannot simply walk away with

520-442: A land-based casino or a studio recreated to mimic a land-based casino. To ensure that players have an easy time playing these games and that the land-based environment is fully recreated, software developers include innovative features such as the chat feature. This enables the player to type your message to the dealer and they can respond back verbally. The live chat feature can also be used to communicate with other players seated at

585-449: A pit boss that acts as an adjudicator in case of disputes between players and croupiers. In most cases, this requires at least a three-room setup, comprising a live studio, a server/software room, and an analyst’s room. The configuration of these rooms varies from casino to casino, with some having several gaming tables in one room, and some having a single table in each room. The high running costs involved with operating live dealer games

650-500: A strategic partnership since 2019. In September 2021, the company opened a career center at Hollywood Casino Morgantown. In February 2022, Penn National announced a strategic partnership with Sports Betting Exchange in Louisiana. In April 2022, Penn launched sports betting in Ontario , Canada via theScore Bet. The company subsequently announced a sponsorship agreement between theScore and

715-481: A virtual casino game, except for the fact that the results are determined by real-life actions rather than automated processes. These games are a lot more expensive for websites to host than virtual games, as they involve a heavier investment in technology and staffing. A live casino studio typically employs one or more cameramen, several croupiers running the various games, an information technology manager to ensure that any technical hitches are dealt with swiftly, and

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780-461: A wide array of gambling options, including slot machines, table games, and live dealer games, all optimized for mobile play. The rise of app-based casinos reflects the increasing reliance on mobile technology and the demand for accessible, on-the-go entertainment options. They operate under various jurisdictions, requiring adherence to strict regulatory standards to ensure fairness, security, and responsible gambling. App-based casinos have revolutionized

845-400: Is creating multiple accounts and using the accounts to claim a sign-up bonus several times. An example of casino fraud is changing terms of a bonus after a player has completed the wagering requirements, then requiring the player to meet the new bonus terms. Online gambling legislation often has loopholes that result from the rapid development of the technology underpinning the development of

910-486: Is different from Wikidata All article disambiguation pages All disambiguation pages Penn National Gaming It also offers sports betting in 17 U.S. jurisdictions and online casino gaming in five, under brands such as ESPN Bet and theScore Bet. In 1967, Pennsylvania enacted a law allowing thoroughbred horse racing with parimutuel wagering . Two companies that later formed part of Penn National Gaming were founded in 1968 by groups seeking one of

975-450: Is equivalent to returning 0.3% of wagers on slots and 0.1% of wagers on blackjack. In addition, online casinos may offer comps such as free tickets to online tournaments , free slots online, tickets to other special events, extra bonuses, souvenirs, and payback. Bonus hunting (also known as bonus bagging or bonus whoring ) is a type of advantage gambling where turning a profit from casino, sportsbook and poker room bonus situations

1040-790: Is illegal in the state of Maharashtra under the " Bombay Wager Act ". The most recent law to address gambling online was the Federal Information Technology Rules where such illegal activities may be blocked by Internet providers within India. Another act is the Public Gaming Act of 1867. However, the Act makes no specific mention of “online casinos.” States tend to operate on their own authority. Online casinos active in India are run by international operators. Online gambling legal issues in India are complicated in nature as Gambling in India

1105-657: Is legal and regulated under the Spanish Gambling Act of 2011, which oversees both online and offline gambling activities. This legislation requires operators to obtain a license from the Directorate General for the Regulation of Gambling (DGOJ) to offer services. The law emphasizes responsible gambling, including age verification and self-exclusion programs. While national regulations provide a general framework, some Spanish regions may impose additional rules, reflecting

1170-509: Is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. If a player is offered a $ 100 cashable bonus requiring $ 5000 in wagering on blackjack with a house edge of 0.5%, the expected loss is $ 25. Therefore, the player has an expected gain of $ 75 after claiming the $ 100 bonus. A large portion of online casino disputes relates to bonuses. Casinos may label players who win using bonuses as "bonus abusers." Both players and casinos may commit fraud. An example of player fraud

1235-645: Is regulated by different states laws and online gambling is a central subject. To ascertain the position of Indian government, the Supreme Court of India sought the opinion of central government in this regard but the same was declined by the central government. This has made playing of online cards games like rummy, poker, etc. legally risky. In the United Kingdom, the Gambling Act 2005 governs all matters of online gambling, permitting online betting sites to have

1300-456: Is required to have a seamless gaming experience as all graphics, sounds, and animations are loaded through the web. Most online casinos allow gameplay through an HTML interface, previously this was done through browser plugins, such as Flash Player , Shockwave Player , or Java . Download-based online casinos require the download of the software client in order to play and wager on the casino games offered. The online casino software connects to

1365-403: Is the reason why online casinos only tend to offer a handful of the most popular games in this format, such as roulette , blackjack , sic bo , and baccarat . In comparison, the running costs associated with virtual games are very low, and it is not uncommon for online casinos to offer hundreds of different virtual casino games to players on their site. Online casinos vary in their approach to

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1430-627: The Federal Wire Act prohibited all forms of online gambling. However, in December 2011, the United States Department of Justice released a statement clarifying that the Wire Act applied only to sports betting sites and not to online casinos, poker, or lottery sites, leaving the definition of legality up to individual states. Certain states such as Nevada, Delaware, and New Jersey have started

1495-469: The Internet . It is a prolific form of online gambling . Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their websites . Assuming that the online casino is using an appropriately programmed random number generator , table games like blackjack have an established house edge. The payout percentage for these games are established by

1560-515: The Toronto Blue Jays as its "official gaming partner". In August 2022, the company changed its name to Penn Entertainment to reflect its diversification into sports content and other entertainment. In February 2023, Penn acquired the remainder of Barstool Sports for $ 388 million. In August 2023, Penn reached a ten-year, $ 2 billion licensing agreement with ESPN Inc. , under which Penn would rebrand Barstool Sportsbook as ESPN Bet later in

1625-565: The Bullwhackers Casino to a local investor group. In April 2015, the company agreed to purchase the Tropicana Las Vegas for $ 360 million. In August 2016, the company agreed to purchase Rocket Games for $ 60 million. In May 2017, Penn National acquired the operating assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $ 44 million, and leased the two casinos from GLPI, which had simultaneously purchased

1690-710: The Mountainview Thoroughbred Racing Association and moved to Penn National Race Course. Starting in 1973, as a tenant of the Turf Club, Mountainview held 100 nights of racing there each year. In 1982, Carlino purchased Penn National Race Course from the financially struggling Turf Club. The Turf Club continued to operate its own racing meet each year, now as a tenant of Carlino. The companies involved with Penn National Race Course were reorganized in 1994 in preparation for an initial public offering . PNRC Corp., which had been incorporated in 1982,

1755-582: The Referee completes all the requirements, such as making the deposit and wagering it a certain number of times. Cashback or Insurance bonuses are offered as a percentage of all losses in the player’s previous gaming activity. Typically, only deposits that were not matched with bonuses count towards this bonus. You can additionally find websites that offer casino cashback payments based on your losses encountered while playing with one or more online casinos. Those types of cashback deals are usually paid back to players by

1820-667: The South Australian Government became the first state or territory in the world to introduce a 15% Place Of Consumption Tax (POCT) modeled on the 2014 UK POCT. The Belgian Gaming Act went into effect in January 2011 and allows online gambling, but only under very strict conditions and surveillance. As of 2024, Belgium enforces a strict gambling regulatory framework managed by the Belgian Gaming Commission. This framework covers both land-based and online gambling, with

1885-698: The UK Isles. However, this exodus did not last long in most cases as the benefits outweighed the stumbling blocks, due to the UK being a major market for online gambling. In 2019 the United Kingdom Gambling Commission (UKGC) announced a series of new measures that apply to online and mobile casinos to reduce underage gambling with the aim of increasing fairness and transparency. The new measures will require casinos to have users verify their identity and age in order to gamble. As of 2024, gambling in Spain

1950-477: The United States, the legality of online gambling is debated and can vary from state to state. The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) limits the ability of banks and payment processors to transact with internet gambling sites that are unlawful under any federal or state law. However, it does not define the legality or otherwise of an internet-based gambling site. It was commonly assumed that

2015-580: The Welcome Slots Bonus or the Welcome Table Games Bonus. The casino may also offer Welcome bonuses for high rollers who make an initial deposit above the standard amount limit. There are two types of Referral bonuses: one for the Referee and one for the Referrer. The Referee gets a bonus when he or she registers an account at the casino and mentions the Referrer. The Referrer gets a bonus when

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2080-501: The acquisitions of Pocono Downs in 1996, Charles Town Races in 1997, and, in 1999, a half interest in Freehold Raceway and the operations of Garden State Park . Penn National also won approval to begin offering slot machines at Charles Town in 1997. The company acquired its first standalone casino properties in 2000, buying Casino Magic Bay St. Louis and Boomtown Biloxi from Pinnacle Entertainment for $ 201 million. This

2145-418: The bonus forms a part of the player's balance, but cannot be cashed out. The difference between cash-able and phantom bonuses comes at cashout time. A phantom bonus is deducted from the player's balance at the moment he places his withdrawal request. For example: if you deposited $ 100, received $ 100, played, and finished the wagering at $ 150. If the bonus is sticky, the player will be able to withdraw just $ 50. If

2210-508: The bonus is cash-able, then the whole balance is available for withdrawal. Comps are commonly available at land-based casinos, but also exist online. Comp points can usually be exchanged for cash, prizes, or other comps. The amount of cash given per wager is usually very small and often varies with game selection. A casino might offer three comp points for each $ 10 wagered on slots and one comp point for each $ 10 wagered on blackjack. The casino might give $ 1 for each 100 comp points. This example

2275-461: The casino portal that offers those special cashback offers. The most popular form of bonus is one that can be claimed without the need to deposit any of the player's own money - known as a no deposit bonus. These bonuses are used as acquisition tools by casinos wishing to attract new players. No deposit bonuses don't always take the form of real cash, as exemplified below. Non-cashable bonuses may be called "sticky" or "phantom" bonuses. In both cases,

2340-461: The casino service provider and handles contact without browser support. Download-based online casinos generally run faster than web-based online casinos since the graphics and sound programs are cached by the software client, rather than having to be loaded from the Internet. On the other hand, the initial download and installation of the casino's software take time. As with any download from the Internet,

2405-478: The casino's money immediately after claiming the bonus. These wagering requirements are commonly set to be sufficiently high that the player has a negative expectation, exactly as if they had deposited and not claimed a bonus. Casinos may choose to restrict certain games from fulfilling the wagering requirements, either to restrict players from playing low-edge games or to restrict 'risk-free' play (betting for instance both red and black on roulette), thereby completing

2470-607: The companies to sub-license "skins" allotted to land-based casinos owned by Penn for offering iGaming and sports betting in their respective states. On January 29, 2020, Penn purchased a 36% stake in Barstool Sports for $ 163 million. During the COVID-19 pandemic , Penn faced the prospect of financial issues brought on by resort closures. As a result, Penn sold the land occupied by the Tropicana Las Vegas to GLPI. Penn sold

2535-528: The company private with a $ 6.1 billion buyout fell through for prospective buyers Fortress Investment Group and Centerbridge Partners . In 2011, Penn National acquires the M Resort , its first property in Nevada. In November 2012, the company announced a plan to spin off a new real estate investment trust (REIT) with ownership of most of its properties, in an effort to reduce taxes and cost of capital, and overcome license ownership restrictions. The REIT owned

2600-843: The country's decentralized governance. Gambling winnings are subject to taxation, with conditions varying by the amount and type of game. As of 2024, gambling regulation in Argentina is primarily managed at the provincial level, with each of the 23 provinces and the autonomous city of Buenos Aires setting their own rules. This results in diverse gambling laws across the country. While national oversight exists for taxation and interstate gambling, there's no unified federal regulation for online gambling, leaving it up to each province. Operators must obtain local licenses and follow regional guidelines, including responsible gambling measures. The decentralized system aims to protect consumers, address problem gambling, and support local economies through gambling taxes. In

2665-543: The four available racing licenses: Pitt Park Raceway, Inc., formed by several Erie area businessmen, and the Pennsylvania National Turf Club, established by a group of Central Pennsylvania investors. The Turf Club was awarded one of the licenses, and soon began construction on Penn National Race Course . The complex included a motor speedway, which held its first races in 1971, and the horse track, which opened in 1972. Pitt Park Raceway, meanwhile,

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2730-403: The gambling industry by combining the convenience of mobile technology with the excitement of casino gaming, making it easier for users to enjoy their favorite gambling activities anytime and anywhere. Also known as software-based online casino games, the outcome of these games is determined using a pseudorandom number generator (PRNG) software. This software ensures that every deal of the card,

2795-660: The hosting of live games, with some providing live games via their own television channel , and others offering the games exclusively via their website. In the case of televised games, players can often use their mobile phone or television remote controls to place bets instead of doing so via a computer connected to the internet. The most common live dealer games offered at online casinos are baccarat, blackjack, and roulette. A typical selection of gambling games offered at an online casino might include: Many online casinos offer sign-up bonuses to new players making their first deposit, and often on subsequent play as well. These bonuses are

2860-528: The industry. Some countries, including Belgium, Canada, Finland, Sweden and Poland have state gambling monopolies and do not grant licenses to foreign casino operators. According to their law, operators licensed on the territory of these countries can only be considered legal. At the same time, they can't prosecute foreign casino operators and only block their sites. Players in these countries can't be punished and can gamble at any site they can access. The Australian Interactive Gambling Act 2001 (IGA) criminalizes

2925-530: The land and buildings for 21 of Penn National's 29 casinos and racetracks; Penn National continued to operate all but two of the properties under a lease agreement. The spin-off was completed on November 1, 2013, creating Gaming and Leisure Properties, Inc. (GLPI). As of June 2022, the GLPI trust owned over 50 casino properties, which it leased to companies including Caesars Entertainment, Boyd Gaming Corp., Casino Queen, and Cordish Cos. In July 2013, Penn National sold

2990-676: The land for $ 337.5 million in rent credits, and the sale was finalized in April 2020. Penn continued to operate the Tropicana until 2022, when it was sold to Bally's Corporation . In September 2020, Penn and Barstool launched a branded mobile betting service known as Barstool Sportsbook . It was initially launched in New Jersey, and expanded to twelve states by 2021. In August 2021, Penn National agreed to acquire Canadian digital media company Score Media and Gaming for $ 2 billion. The companies have had

3055-495: The laws of Canada or any other jurisdiction. In 2022 the Alcohol and Gaming Commission of Ontario allowed gaming providers to operate online gambling sites under a license with iGaming Ontario. A German state contract about gambling (German: Glücksspielstaatsvertrag  [ de ] ) between all 16 German states was ratified in 2008 and has been adopted in 2012. It regulates restrictive handling of online-gambling, including

3120-542: The most stringent requirements for true randomness. When implemented correctly, a PRNG algorithm such as the Mersenne Twister will ensure that the games are both fair and unpredictable. However, usually, the player has to trust that the software has not been rigged to increase the house edge, as its inner workings are invisible to the user. Properly regulated online casinos are audited externally by independent regulators to ensure that their win percentages are in line with

3185-459: The outcome of a dice throw, or the results produced by the spinning of a slot machine or roulette wheel is totally random and unpredictable. PRNGs use a set of mathematical instructions known as an algorithm to generate a long stream of numbers that give the impression of true randomness. While this is not the same as true random number generation (computers are incapable of this without an external input source), it provides results that satisfy all but

3250-410: The real estate assets. In October 2018, the company acquired Pinnacle Entertainment for $ 2.8 billion in cash and stock. To ensure regulatory approval for the deal, Pinnacle sold four of its properties to Boyd Gaming prior to the merger. The result was the addition of twelve new properties to Penn National's holdings, all of them leased from GLPI. In connection with the sale, Penn National sold

3315-712: The real estate of Plainridge Park Casino to GLPI for $ 250 million. In 2019, Penn National made two purchases in conjunction with Vici Properties . Penn National bought the operating businesses of the Margaritaville Resort Casino in Louisiana and Greektown Casino–Hotel in Detroit for $ 115 million and $ 300 million, respectively, while Vici bought both properties' real estate assets and leased them to Penn. In July 2019, Penn reached market access agreements with multiple gaming companies, including DraftKings , PointsBet, theScore , and The Stars Group , which would allow

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3380-495: The risk of the program containing malware exists, which makes it less popular among skeptical casino players. App-based casinos are digital platforms that allow users to engage in gambling activities via applications on smartphones , tablets , and other mobile devices. Unlike traditional online casinos that require players to access games through a web browser, app-based casinos offer a more integrated and user-friendly experience through dedicated applications. These casinos provide

3445-505: The rules of the game. Online casinos are broadly divided into two categories based on the software they use: web-based and download-only casinos. Traditionally, online casinos would include only one of the two platforms. However, with advanced technological changes, an online casino can now accommodate both. Web-based online casinos (also known as no-download casinos) are websites where users may play casino games without downloading software to their local computer. A stable internet connection

3510-429: The same term [REDACTED] This disambiguation page lists articles associated with the title Hollywood Casino . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Hollywood_Casino&oldid=1230344655 " Category : Disambiguation pages Hidden categories: Short description

3575-710: The similar Espacejeux via Loto-Québec , while Ontario operates PlayOLG via Ontario Lottery and Gaming Corporation (OLG). The Kahnawake First Nation in Quebec has operated its own gaming commission since 1996 under the Kahnawake Gaming Law . It has asserted jurisdiction to enact the law as part of Mohawk or "aboriginal rights" that have existed since time immemorial , most recently recognized and affirmed in subsection 35(1) of Canada's Constitution Act, 1982 . As of 2010, it had licensed and hosted nearly 350 gambling websites, and its activities had never been challenged under

3640-431: The stated odds, and this can provide a degree of assurance to the player that the games are fair, assuming the player trusts the regulator. Live dealer casino games are the complete opposite of software-based games. Instead of depending on software to determine the outcome of the roulette spin, dice throw, or deal of a card, these games depend on real-time results. This is possible as the games are streamed in real-time from

3705-511: The supply of online casino games by an operator anywhere in the world to persons located in Australia. It only targets operators of online gambling sites, resulting in the curious situation that it is not illegal for a player in Australia to access and gamble at an online casino. No operator has even been charged with an offense under the IGA and many online casinos accept Australian customers. In June 2016,

3770-403: The table following a set of rules laid down by the casino. The results of the physical transactions by the dealer, such as the outcome of the roulette wheel spin or the dealing of cards, are translated into data that can be utilized by the software by means of optical character recognition (OCR) technology. This enables the player to interact with the game in much the same way as they would with

3835-412: The wagering requirement with a guaranteed profit after the bonus is taken into account. The Welcome bonus is a deposit match bonus on the first deposit ever made in the casino or casino group. Welcome bonuses sometimes come in packages and may be given to match the first two or three deposits (First Deposit Welcome Bonus, Second Deposit Welcome Bonus, etc.). They can also be tied to specific games, such as

3900-658: The year. To license the branding, Penn would pay $ 1.5 billion in cash, and give ESPN options for $ 500,000 of its stock. ESPN would provide promotion for the service. Concurrently, Penn announced that it would sell Barstool back to its founder David Portnoy for $ 1 and 50% of gross revenue from any future sale of the site; Portnoy stated that he planned to continue owning Barstool Sports "till I die". Online casino Online casinos , also known as virtual casinos or Internet casinos , are online versions of traditional (" brick and mortar ") casinos . Online casinos enable gamblers to play and wager on casino games through

3965-471: Was denied in its initial application, but received one of a second round of licenses issued in 1970. The first Pitt Park racing meet opened in 1971 at The Meadows , an existing harness racing track. Pitt Park lost half a million dollars in its first meet, leading its owners to sell the company to a group of investors, including Philadelphia insurance businessman Peter D. Carlino. After another unsuccessful season at The Meadows, Pitt Park changed its name to

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4030-839: Was followed in 2001 by the acquisition of Carnival Resorts & Casinos, including ownership of Casino Rouge in Baton Rouge, Louisiana and the management contract for Casino Rama in Ontario. Next, in 2002, it bought the Bullwhackers Casino in Black Hawk, Colorado from the Hilton Group for $ 6.5 million. In 2003, Penn National bought Hollywood Casino Corp. for $ 328 million plus $ 360 million in assumed debt, gaining three casinos in Aurora, Illinois ; Tunica, Mississippi ; and Shreveport, Louisiana . The acquisition, which doubled Penn National's revenues,

4095-528: Was part of a continuing strategy to shift away from the horse racing business and into the casino business. The company planned to rebrand its other properties under the Hollywood Casino name. In 2005, Penn National acquired Argosy Gaming Company for $ 1.4 billion plus $ 791 million in assumed debt, adding five casinos and one horse track to its portfolio (not including the Argosy Baton Rouge , which

4160-565: Was quickly sold to satisfy antitrust concerns ). The purchase again doubled Penn National's size, making it, at the time, the third largest publicly held gaming company in the country (behind MGM Mirage and Harrah's Entertainment ). In November 2006, a deal for Penn National Gaming to acquire Harrah's Entertainment fell through. In 2007, Penn National acquired the Zia Park racino in Hobbs, New Mexico for $ 200 million. An attempt in 2007 to take

4225-538: Was renamed as Penn National Gaming, with Mountainview and the Turf Club as its subsidiaries. Carlino's son, Peter M. Carlino, who had earlier managed Mountainview, was Penn National's first CEO, a position he held until 2013. In May 1994, Penn National Gaming became a public company via an initial public offering on the Nasdaq , raising $ 18 million to pay down debt and fund construction of off-track betting parlors. Penn National expanded beyond its first racetrack with

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