Penn Entertainment
Penn Entertainment Headquarters Address
825 Berkshire Blvd.
Wyomissing, PA 19610
(view in map)
Penn Entertainment Photos
About Penn Entertainment
What is now Penn Entertainment started with a group of Central Pennsylvania civic leaders who decided to enter the world of thoroughbred horse racing in Grantville, PA. The birthplace of our company was dubbed Penn National Race Course and it was run by the Turf Club for 10 years until Peter D. Carlino took over in 1982.A year after purchasing Penn National, PNRC Corp. pioneered Telebet®, Pennsylvania’s first telephone account wagering system. This allowed customers to deposit funds in an account and place bets by phone on Penn National and simulcast races. A TV program called “Racing Alive” also began broadcasting from Penn National on race day.
Always looking for ways to expand into new areas, Penn National opened its first Off-Track Wagering (OTW) facility in Erie, PA in 1991. PNRC Corp. would operate this location until 2003 when it was purchased as part of a deal with MTR Gaming Group. In preparation for an initial public offering, the companies involved with Penn National Race Course were reorganized and PNRC Corp. became Penn National Gaming. The company went public on the NASDAQ exchange in 1994 and Carlino’s son, Peter M. Carlino became Penn National’s first CEO. He held that position until 2013.
Beginning its transition to a diversified gaming company, Penn National acquired Charles Town Races in West Virginia in 1997. After adding video lottery terminals, the racetrack’s name was changed to Charles Town Races and Slots and became Penn National’s first expansion into another state. Casino Magic and Boomtown Biloxi in Mississippi were acquired in 2000 and became Penn National’s first standalone casino properties. This purchase from Pinnacle Entertainment allowed Penn National to expand into Mississippi.
Penn National Gaming came in at number 59 on Fortune Magazine’s 100 Fastest Growing Companies list in 2001. Penn National would find itself on this same list the following year and be honored by being included many subsequent years after that. 30 years after its inception, Penn National expanded further and gained a foothold in new states with the acquisition of Hollywood Casinos Corp. in 2003. This purchase included casino locations in Aurora, Illinois; Shreveport, Louisiana; and Tunica, Mississippi.
In 2004, Pennsylvania passed Act 71. Known as the Racehorse Development and Gaming Act, this legislation established the Pennsylvania Gaming Control Board and legalized slot machines at certain race courses within the state. Further expanding the company’s reach, Penn National Gaming purchased Argosy Gaming in 2005 for $1.4 billion. This new acquisition included casino properties in Illinois, Indiana, Iowa and Missouri. Continuing its expansion into becoming the largest regional gaming operator in the US, Tim Wilmott was named Chief Operating Officer in 2008 and Penn National Race Course was expanded with the addition of a Hollywood Casino location adjacent to the racetrack property.
Touted as a “transformational acquisition,” Penn National acquired Pinnacle Entertainment in 2018. This resulted in the addition of twelve new properties. 2018 also saw Hollywood Casino become the first Pennsylvania casino to offer sports betting. Facing some tough resistance, Penn National Gaming finally became the first company to launch an online casino in Pennsylvania in 2019. That same year, the company also purchased the operating businesses of Margaritaville Resort Casino in Louisiana and Greektown Casino-Hotel in Detroit. In 2020, Penn National announced that it had purchased a 36% stake in Barstool Sports — a leading digital sports, entertainment, lifestyle and media company. Within the year, Penn National launched its Barstool Sportsbook app, opened the first Barstool Sportsbook location at our Ameristar Black Hawk location and introduced our mychoice® loyalty program to over 20 million casino customers and Barstool’s more than 66 million loyal fans.
In 2021, Penn National Gaming agreed to acquire Score Media and Gaming Inc., which had been a strategic partner since 2019. This purchase helped Penn National expand its sports betting market into Ontario, Canada with theScore Bet app. This same year, Penn National donated $4.6 million to the Barstool Fund for COVID-impacted small businesses and pledged $4 million to fund STEM scholarships at Historically Black Colleges and Universities (HBCUs).
To reflect Penn National Gaming’s new position as North America’s leading provider of integrated entertainment, sports content and casino gaming experiences — the company was rebranded as Penn Entertainment. The new brand displays that we’re in the business of fun. Also in 2022, we were named to Forbes Magazine’s list of America’s Best Employers for Diversity.
Want to be part of an organization where team members smile as much as the guests? Always looking for ways to expand into new areas, Penn National opened its first Off-Track Wagering (OTW) facility in Erie, PA in 1991. PNRC Corp. would operate this location until 2003 when it was purchased as part of a deal with MTR Gaming Group. In preparation for an initial public offering, the companies involved with Penn National Race Course were reorganized and PNRC Corp. became Penn National Gaming. The company went public on the NASDAQ exchange in 1994 and Carlino’s son, Peter M. Carlino became Penn National’s first CEO. He held that position until 2013.
Beginning its transition to a diversified gaming company, Penn National acquired Charles Town Races in West Virginia in 1997. After adding video lottery terminals, the racetrack’s name was changed to Charles Town Races and Slots and became Penn National’s first expansion into another state. Casino Magic and Boomtown Biloxi in Mississippi were acquired in 2000 and became Penn National’s first standalone casino properties. This purchase from Pinnacle Entertainment allowed Penn National to expand into Mississippi.
Penn National Gaming came in at number 59 on Fortune Magazine’s 100 Fastest Growing Companies list in 2001. Penn National would find itself on this same list the following year and be honored by being included many subsequent years after that. 30 years after its inception, Penn National expanded further and gained a foothold in new states with the acquisition of Hollywood Casinos Corp. in 2003. This purchase included casino locations in Aurora, Illinois; Shreveport, Louisiana; and Tunica, Mississippi.
In 2004, Pennsylvania passed Act 71. Known as the Racehorse Development and Gaming Act, this legislation established the Pennsylvania Gaming Control Board and legalized slot machines at certain race courses within the state. Further expanding the company’s reach, Penn National Gaming purchased Argosy Gaming in 2005 for $1.4 billion. This new acquisition included casino properties in Illinois, Indiana, Iowa and Missouri. Continuing its expansion into becoming the largest regional gaming operator in the US, Tim Wilmott was named Chief Operating Officer in 2008 and Penn National Race Course was expanded with the addition of a Hollywood Casino location adjacent to the racetrack property.
Touted as a “transformational acquisition,” Penn National acquired Pinnacle Entertainment in 2018. This resulted in the addition of twelve new properties. 2018 also saw Hollywood Casino become the first Pennsylvania casino to offer sports betting. Facing some tough resistance, Penn National Gaming finally became the first company to launch an online casino in Pennsylvania in 2019. That same year, the company also purchased the operating businesses of Margaritaville Resort Casino in Louisiana and Greektown Casino-Hotel in Detroit. In 2020, Penn National announced that it had purchased a 36% stake in Barstool Sports — a leading digital sports, entertainment, lifestyle and media company. Within the year, Penn National launched its Barstool Sportsbook app, opened the first Barstool Sportsbook location at our Ameristar Black Hawk location and introduced our mychoice® loyalty program to over 20 million casino customers and Barstool’s more than 66 million loyal fans.
In 2021, Penn National Gaming agreed to acquire Score Media and Gaming Inc., which had been a strategic partner since 2019. This purchase helped Penn National expand its sports betting market into Ontario, Canada with theScore Bet app. This same year, Penn National donated $4.6 million to the Barstool Fund for COVID-impacted small businesses and pledged $4 million to fund STEM scholarships at Historically Black Colleges and Universities (HBCUs).
To reflect Penn National Gaming’s new position as North America’s leading provider of integrated entertainment, sports content and casino gaming experiences — the company was rebranded as Penn Entertainment. The new brand displays that we’re in the business of fun. Also in 2022, we were named to Forbes Magazine’s list of America’s Best Employers for Diversity.
With 41 facilities in 18 jurisdictions, Penn National Gaming employs more than 30,000 team members, who are our #1 priority. We offer opportunities to further develop your career and give back to our communities. Come join our team and be a part of something special where the only thing missing is you! #ThisIsPenn #WorkHappy
Number of Employees in Penn Entertainment
10,000+
Penn Entertainment Revenue
$1M to $5M (USD)
Industry