M&A Deal Summary

PENN Entertainment Acquires Bullwhackers Casino

On April 25, 2002, PENN Entertainment acquired gaming company Bullwhackers Casino

Acquisition Highlights
  • This is PENN Entertainment’s 2nd transaction in the Gaming sector.
  • This is PENN Entertainment’s 4th transaction in the United States.
  • This is PENN Entertainment’s 1st transaction in Colorado.

M&A Deal Summary
Date 2002-04-25
Target Bullwhackers Casino
Sector Gaming
Buyer(s) PENN Entertainment
Deal Type Add-on Acquisition

Target

Bullwhackers Casino

Black Hawk, Colorado, United States
Bullwhackers Casino is a provider of casino services .

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Buyer(S) 1

Buyer

PENN Entertainment

Wyomissing, Pennsylvania, United States
Category Company
Founded 1972
Sector Gaming
Employees23,333
Revenue 6.4B USD (2023)
DESCRIPTION

PENN Entertainment owns, operates and has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. PENN Entertainment was founded in 1972 and is based in Wyomissing, Pennsylvania.

DEAL STATS #
Overall 4 of 19
Sector (Gaming) 2 of 6
Type (Add-on Acquisition) 4 of 16
State (Colorado) 1 of 1
Country (United States) 4 of 18
Year (2002) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Louisiana Casino Cruises

Baton Rouge, Louisiana, United States

Casino Rouge is a casino entertainment services provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-07 Hollywood Casino

Wyomissing, Pennsylvania, United States

Hollywood Casino and its subsidiaries own and operate Hollywood-themed casino entertainment facilities in Aurora, Illinois; Tunica, Mississippi; and Shreveport, Louisiana.

Buy $780M
Mergr

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