During the year 2012, the company had announced a plan to spin off a new real estate investment trust as well. Then in the year 2007, the company had acquired Zia Park as well. for $328 million-plus $360 million in assumed debt as well. In the year 2003, bought Hollywood Casino Corp. The company acquired its first standalone casino properties in the year 2000. Penn National expanded beyond its first racetrack with the acquisitions of Pocono Downs in the year 1996, Charles Town Races in the year 1997 and in 1999, a half interest in Freehold Raceway and the operations of Garden State Park as well. Almost $18 million was raised due to the IPO filling as well. The companies involved with Penn National Race Course were reorganized in the year 1994 in preparation for an IPO or Initial Public Offering.
In the year1982, Carlino purchased Penn National Race Course from the financially struggling Turf Club. The company’s complex included a motor speedway, which held its first races in 1971 and the horse track, which was opened in the year 1972.
The company has been active for almost 51 years now. Penn National Gaming was founded in the year 1968.
