This purchase from Pinnacle Entertainment allowed Penn National to expand into Mississippi. Casino Magic and Boomtown Biloxi in Mississippi were acquired in 2000 and became Penn National’s first standalone casino properties. After adding video lottery terminals, the racetrack’s name was changed to Charles Town Races and Slots and became Penn National’s first expansion into another state. He held that position until 2013.īeginning its transition to a diversified gaming company, Penn National acquired Charles Town Races in West Virginia in 1997. Carlino became Penn National’s first CEO. The company went public on the NASDAQ exchange in 1994 and Carlino’s son, Peter M. In preparation for an initial public offering, the companies involved with Penn National Race Course were reorganized and PNRC Corp. would operate this location until 2003 when it was purchased as part of a deal with MTR Gaming Group.

A TV program called “Racing Alive” also began broadcasting from Penn National on race day.Īlways looking for ways to expand into new areas, Penn National opened its first Off-Track Wagering (OTW) facility in Erie, PA in 1991.

This allowed customers to deposit funds in an account and place bets by phone on Penn National and simulcast races. pioneered Telebet®, Pennsylvania’s first telephone account wagering system. Carlino took over in 1982.A year after purchasing Penn National, PNRC Corp. The birthplace of our company was dubbed Penn National Race Course and it was run by the Turf Club for 10 years until Peter D. What is now PENN Entertainment started with a group of Central Pennsylvania civic leaders who decided to enter the world of thoroughbred horse racing in Grantville, PA.

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