Penn National Gaming Inc. is a leading gaming company in the United States. Founded in 1972 and headquartered in Wyomissing, Pennsylvania, the company operates numerous casinos and racetracks across the country. Penn National Gaming is listed on the NASDAQ stock exchange under the ticker symbol "PENN."
The company's history traces back to its founding by Peter M. Carlino, who started with a single racetrack in Pennsylvania. Over the years, Penn National Gaming expanded its operations and diversified its portfolio. Today, the company owns and operates a wide range of gaming facilities, including casinos, thoroughbred racetracks, harness racetracks, and off-track wagering facilities.
Penn National Gaming offers a variety of gaming and entertainment options to its customers. Its casinos feature a wide selection of slot machines, table games, poker rooms, and other amenities. The company strives to create a vibrant and enjoyable atmosphere for guests, providing them with high-quality gaming experiences.
One of Penn National Gaming's noteworthy achievements is its acquisition of Pinnacle Entertainment in 2018. This strategic move significantly expanded the company's presence in the gaming industry, adding several new properties to its portfolio. The acquisition strengthened Penn National Gaming's position as a leading regional gaming operator.
While Penn National Gaming's primary focus is on traditional casino gaming, the company has also embraced online gambling and sports betting. It launched the Barstool Sportsbook app in partnership with Barstool Sports, a popular sports media brand. The app allows users to bet on sports and engage with sports-related content, leveraging Barstool Sports' loyal following.