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Website: http://www.pngaming.com Penn National Gaming is the nation's third-largest publicly-traded gaming company. It owns and operates casino and horse racing facilities with a focus on slot machine entertainment. The company operates 19 facilities in 13 states and provinces including Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, Ohio, Pennsylvania, West Virginia, and Ontario. Penn National's facilities feature over 24,900 slot machines, over 400 table games, over 1,700 hotel rooms and approximately 907,735 square feet of gaming floor space. It also owns five off-track betting parlors. In 2007, the company had revenues of $2.4 billion and net income of $160.1 million. The company approved a deal to be acquired by Fortress Investment Group LLC (FIG: NYSE) ("Fortress") and Centerbridge Partners, L.P. which is expected to clear sometime this year. History The company originated in 1972 when the Penn National Race Course in Grantville, PA opens with horse racing and wagering. In 1991, the first Penn Off-Track-Wagering Facility opens in Erie, PA. The company would go public in 1994. In 1997, Charles Town Races was acquired and began offering slot machines for customers. In 2000, the company would acquire casinos in Biloxi, MS and St. Louis, MO. In 2005, Penn completes acquisition of Argosy Gaming and becomes 3rd largest US public gaming company. Benefits Generally, to be eligible for the various employee benefits, you must regularly work at least thirty-five hours per week. Health Coverage Updated May 9, 2008 |