M&A Deal Summary

PENN Entertainment Acquires Heartland Jockey Club

On July 1, 2010, PENN Entertainment acquired media company Heartland Jockey Club

Acquisition Highlights
  • This is PENN Entertainment’s 1st transaction in the Media sector.
  • This is PENN Entertainment’s 9th transaction in the United States.
  • This is PENN Entertainment’s 1st transaction in Ohio.

M&A Deal Summary
Date 2010-07-01
Target Heartland Jockey Club
Sector Media
Buyer(s) PENN Entertainment
Deal Type Add-on Acquisition

Target

Heartland Jockey Club

Grove City, Ohio, United States
Heartland Jockey Club Ltd. is a privately held company operates a thoroughbred racetrack for horse racing events.

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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 9 of 19
Sector (Media) 1 of 1
Type (Add-on Acquisition) 8 of 16
State (Ohio) 1 of 1
Country (United States) 9 of 18
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 Sanford-Orlando Kennel Club

Longwood, Florida, United States

Sanford-Orlando Kennel Club, Inc. offers exciting live greyhound racing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Rosecroft Raceway

Fort Washington, Maryland, United States

Rosecroft Raceway is a provider of racetracks.

Buy -
Mergr

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