BNET Industries
Market Cap:$2.1B
Last Fiscal Year Sales:$2.5B
- Public
- US
Dow Jones Description
Penn National Gaming owns and operates gaming and racing facilities with a focus on slot machine entertainment. The Company presently operates nineteen facilities in fifteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn National's operated facilities feature over 25,400 slot machines, approximately 400 table games, over 2,000 hotel rooms and more than 930,000 square feet of gaming floor space.
Chief Executive Officer
Peter M. CarlinoNumber of Employees 14,393
Contact Information
825 Berkshire Blvd Ste 200
Wyomissing, Pennsylvania 19610
(610) 373-2400
Peer Companies
NAICS Code Other Gambling Industries: 713290
Recent Events
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‘Hallowed Ground’ group non-committal on casino (5)
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CORRECTED - BUY OR SELL-Will MGM Mirage's gamble on CityCenter pay off?
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Penn National has no interest in Pinnacle
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Icahn makes bid for Fontainebleau Vegas: Carl Icahn will be the opening bidder when the...
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Oppenheimer & Co. reiterates Penn National Gaming Inc. at 'outperform'
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Wyomissing firm seeks presence in Las Vegas
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Penn National bids on Fontainebleau
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Penn eyes partner for Fontainebleau
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Penn National vs. Icahn in Vegas
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Penn National asks bankruptcy court for approval to buy Fountainebleau
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Penn National pledging cooperation on casino
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Penn National names principal accounting officer
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Gilbert details plans for Cincinnati casino
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Wynn Resorts Ltd. Withdraws from Aqueduct Racetrack Bidding in New York City
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Wynn withdraws from Aqueduct bidding
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Lakes Entertainment Announces Passage of Ohio Referendum
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While politicians haggle, New York’s budget needs grow
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Jury still out on U.S. 24's economic impact but road is more safe
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Penn National Gaming Selected by Maryland Video Lottery for Cecil County Location
News & Analysis
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penn national gaming inc. and retail - All News and Analysis
Casino and Gambling Industry a Risky Bet
Research Oracle submits: Audit Integrity takes a look at the struggling casino and gambling industry and identifies what it believes are the weakest performers based on their corporate governance characteristics. The casino and gambling industry has been battered by the economic downturn. Both higher-end luxury destinations,...
Penn National Gaming Inc. Q2 2009 Earnings Call Transcript
Penn National Gaming Inc. PENN Q2 2009 Earnings Call July 29, 2009 10:00 am ET
How Election Day Could Boost Penn National Gaming
Laura Cadden submits: Revenue for Penn National Gaming Inc. (NASDAQ:PENN) in Q3 slowed see conference call transcript, as it did at most casino operations. But due to the termination of an attempted acquisition deal, the company received a settlement of a cool $225 million. In addition, the intended acquisition...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Peter M. Carlino | Chief Executive Officer |
| Timothy J. Wilmott | President and Chief Operating Officer |
| Thomas N. Auriemma | Vice President & Chief Compliance Officer |
| William J. Clifford | Chief Financial Officer |
| William T. Clifford | CFO |
| Leonard M. DeAngelo | Executive Vice President, Operations |
| Eugene P. Clark | Senior Vice President Human Resources |
| Don Karrer | Corporate Vice President of Information Technology |
| Eric Schippers | Vice President, Public Affairs |
| Gaye Gullo | Corporate Vice President, Marketing |
| Phillip T. O'Hara Jr. | Vice President & General Manager |
| Robert S. Ippolito | Vice President, Secretary & Treasurer |
| Thomas P. Burke | Vice President & General Manager, Penn National Gaming's Argosy Casino Hotel & Spa |
| Chett Harrison | General Manager, Boomtown Biloxi Property |
| Robert E. Abraham | Director, Finance |
| William J. Bork Jr. | Director, Marketing |
| James Baum | Senior Vice President, Project Development |
| John Finamore | Senior Vice President, Regional Operations |
| Jordan B. Savitch Esq | Senior Vice President and General Counsel |
| Steven T. Snyder | Senior Vice President, Corporate Development |
| David A. Handler | Director |
| Harold Cramer Esq | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Barbara Z. Shattuck | Board of Directors |
| John M. Jacquemin | Board of Directors |
| Kevin DeSanctis | Board of Directors |
| Robert P. Levy | Board of Directors |
| Wesley R. Edens | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Chief Executive Officer | Current |
| Penn National Gaming, Inc. | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | President and Chief Operating Officer | Current |
| Harrah's Entertainment, Inc. | Eastern Division President | Former |
| Harrah's Entertainment, Inc. | Chief Operating Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Vice President & Chief Compliance Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | CFO | Current |
| Penn National Gaming, Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Executive Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Senior Vice President Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Corporate Vice President of Information Technology | Current |
| Gaming Standards Association | Corporate Vice President of Information Technology for Penn National Gaming | Current |
| Gaming Standards Association | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Vice President, Public Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Corporate Vice President, Marketing | Current |
| Mohegan Tribal Gaming Authority | Vice President, Customer Relationship Management | Former |
| Harrah's Entertainment, Inc. | Senior Vice President & General Manager, Horseshoe and Harrah's Casinos | Former |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Vice President & General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Vice President, Secretary & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Vice President & General Manager, Penn National Gaming's Argosy Casino Hotel & Spa | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | General Manager, Boomtown Biloxi Property | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Director, Finance | Current |
| Penn National Gaming, Inc. | Director, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Senior Vice President, Project Development | Current |
| Organization | Position | Status |
|---|---|---|
| Charles Town Races & Slots | Senior Vice President | Current |
| Penn National Gaming, Inc. | Senior Vice President, Regional Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Senior Vice President and General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Senior Vice President, Corporate Development | Current |
Barbara Shattuck is a Principal of Shattuck Hammond Partners LLC . In a professional career that has spanned more than 25 years, Ms. Shattuck has specialized in developing innovative strategies to meet the financial needs of healthcare companies and not-for-profit organizations. She is a distinguished financial advisor and healthcare investment banking specialist who has worked with many leading multi-hospital systems, healthcare providers, managed care companies and physician group practices, including: HealthNet, George Washington University Hospital and University Physicians, Arizona. Ms. Shattuck had been a Managing Director at PricewaterhouseCoopers Securities LLC and was a Founding Partner of Shattuck Hammond Partners Inc. She began her career as a Bond Rating Analyst at Standard & Poor's Corporation for healthcare and educational credits. She later served as Vice President and Managing Coordinator for the Health Care Finance Group of Goldman Sachs & Co., prior to co-founding Cain Brothers, Shattuck & Company in 1982. For engagements involving taxable and tax-exempt financings, mergers and acquisitions, capital markets transactions and strategic capital planning services, she has counseled many of the most prestigious multi-hospital systems, health service companies, academic medical centers, community hospitals, educational and other nonprofits, as well as healthcare authorities in Illinois, New Jersey, Michigan, Massachusetts, Missouri and West Virginia. A graduate of Connecticut College, Ms. Shattuck serves on the boards of Connecticut College, Tufts Associated Health Plans, the University of Arizona Research Corporation, Sunlife Insurance Company of New York, the Paul Taylor Dance Company and the New York Citizen's Budget Commission, Inc. She is listed in Who's Who of American Women and Who's Who in the World.
| Organization | Position | Status |
|---|---|---|
| Shattuck Hammond Partners LLC | Managing Director | Current |
| Penn National Gaming, Inc. | Board of Directors | Current |
| Shattuck Hammond Partners LLC | Director | Current |
| Connecticut College | Board of Directors | Current |
| Tufts Associated Health Plans, Inc. | Board of Directors | Current |
| Healthcare Finance Group, Inc. | Vice President | Former |
| Healthcare Finance Group, Inc. | Managing Coordinator | Former |
| Shattuck Hammond Partners LLC | Principal | Former |
| Cain Brothers & Company LLC | Co-Founder | Former |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Mooring Tax Asset Group | President and Founder | Current |
| Pennsylvania, Inc. | Board of Directors | Current |
| Penn National Gaming, Inc. | Board of Directors | Current |
| Cfc Incorporated | Chief Financial Officer | Former |
| Mooring Financial Corporation | Director | Former |
| Dartmouth College | M.B.A. Degree | Former |
| The Pennsylvania State University | B.A. Degree In General Arts & Science | Former |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Board of Directors | Current |
| Penn National Gaming, Inc. | President & COO | Former |
| Organization | Position | Status |
|---|---|---|
| Penn National Gaming, Inc. | Board of Directors | Current |
Wesley R. Edens is the Chairman of the board of directors and the Chief Executive Officer of Fortress Investment Group LLC ( Fortress ). Mr. Edens has been a principal and the Chairman of the Management Committee of FIG LLC ( FIG ) since co-founding FIG in May 1998. Mr. Edens is responsible for the Fortress private equity and publicly traded alternative investment businesses. He is also the Chairman of the board of directors of each of Aircastle Limited, Brookdale Senior Living Inc., Eurocastle Investment Limited, GateHouse Media, Inc., Mapeley Limited and Newcastle Investment Corp. and a director of GAGFAH S.A. Mr. Edens served as the Chief Executive Officer of Newcastle Investment Corp. since inception until February 2007. Mr. Edens was the Chief Executive Officer of Global Signal Inc. from February 2004 to April 2006 and the Chairman of the board of directors from October 2002 to January 2007. Mr. Edens serves in various capacities in the following five registered investment companies: Chairman, Chief Executive Officer and Trustee of Fortress Registered Investment Trust and Fortress Investment Trust II; Chairman and Chief Executive Officer of Fortress Brookdale Investment Fund LLC and Fortress Pinnacle Investment Fund LLC and Chief Executive Officer of RIC Coinvestment Fund LP. Prior to forming Fortress, Mr. Edens was a partner and a managing director of BlackRock Financial Management Inc., where he headed BlackRock Asset Investors, a private equity fund. In addition, Mr. Edens was formerly a partner and a managing director of Lehman Brothers. Mr. Edens received a B.S. in Finance from Oregon State University.
| Organization | Position | Status |
|---|---|---|
| The Fortress Corporation | Founder | Current |
| Brookdale Senior Living Inc. | Chairman | Current |
| Eurocastle Investment Limited | Chairman of The Board of Directors | Current |
| Newcastle Investment Corp. | Chairman of The Board of Directors | Current |
| Fortress Investment Group LLC | Co-Chairman | Current |
| GateHouse Media, Inc. | Chairman | Current |
| Aircastle Limited | Chairman of The Board and Class III Director | Current |
| Penn National Gaming, Inc. | Board of Directors | Current |
| Crown Castle International Corp. | Board of Directors | Current |
| Newcastle Investment Corp. | Chief Executive Officer | Former |
| Fortress Investment Group LLC | Chief Executive Officer | Former |
| Impac Commercial Holdings, Inc. | Chairman & Chief Executive Officer | Former |
| Global Signal Inc. | Chief Executive Officer | Former |
| Lehman Brothers Holdings Inc. | managing director | Former |
| Lehman Brothers Holdings Inc. | partner | Former |
| UBS Securities LLC | head of Global Principal Finance | Former |
| Fortress Investment Group LLC | Founding Principal | Former |
| BlackRock Financial Management, Inc. | Former | |
| Crown Castle International Corp. | Chairman | Former |
| Alterra Healthcare Corporation | Chairman | Former |
| GateHouse Media, Inc. | Board of Directors | Former |
| Capstead Mortgage Corporation | Director | Former |
| Oregon State University | B.S., Finance | Former |
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