Does Penn National Gaming Own Hollywood Casino?

Penn National Gaming, Inc. is an American gambling and racing facilities operator. The company owns and operates gaming and racing facilities with a focus on slot machine entertainment. The company operates 41 facilities in 19 U.

S. states and Canada. In 2012, Penn National Gaming purchased Hollywood Casino Corporation for $2.8 billion.

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The purchase of Hollywood Casino gave Penn National control of five casinos, including two in Pennsylvania, one each in Illinois and Mississippi, and a racetrack/casino in Louisiana. The company also gained a controlling interest in Ameristar Casino Resort Spa in Missouri.

PRO TIP:Penn National Gaming does not own Hollywood Casino. The two entities have a partnership where Penn National operates the casino, but the ownership of Hollywood Casino lies with Gaming and Leisure Properties, Inc.

Penn National Gaming has been very successful in acquiring and operating casinos across the United States. The company’s strategy has been to Target smaller markets where there is less competition from larger gaming companies.

This has allowed Penn National to be one of the leading operators of casinos in the United States.

Yes, Penn National Gaming does own Hollywood Casino.