definition of Wikipedia
|Traded as||NASDAQ: PENN|
|Industry||Casinos and Horse Racing|
|Headquarters||Wyomissing, Pennsylvania, United States|
|Key people||Peter M. Carlino (Chairman and CEO)
Timothy J. Wilmot (President and COO)
William J. Clifford (Sr. Vice President, Finance and CFO)
|Revenue||US$D2,742.25 million (2011)|
|Operating income||$499.58 million (2011)|
|Net income||$242.35 million (2011)|
|Total assets||$4.606 billion (2011)|
|Total equity||$1.971 billion (2011)|
The company was incorporated as PNRC Corp. in 1982 and changed its name to Penn National Gaming, Inc. in 1994.
Since 1996 its CEO has been Peter Carlino (born 1946).
In 2005, Penn National acquired Argosy Gaming Company for $2.2 billion making it at the time the third largest publicly held gaming company in the country (behind MGM-Mirage Inc. and Harrah's Entertainment Inc.).
In November 2006 Penn National Gaming failed in an attempt to acquire Harrah's Entertainment.  The deal to purchase Harrah's fell through, and Harrah's was eventually taken over by two private equity firms.
In 2007 it acquired Zia Park & Black Gold Casino in Hobbs, New Mexico for $200 million. The assets are primarily the Zia Park Racetrack and its Black Gold Casino on approximately 320 acres (1.3 km2) of land located in Hobbs, New Mexico.
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