Penn National Gaming is the second-largest operator of regional casinos in the U.S.,
with over $2.4 billion in revenue and over 20 properties in 14 states and Canada.
The company was one of the pioneers of the "racino" business model, combining
casino operations and race track operations. Its West Virginia
racino generated 20% of consolidated revenue and EBITDA in 2010. Penn has three new development projects slated to open in 2012: Two casinos
in Ohio, and
a joint venture with International Speedway to open a casino at the Kansas Speedway.