M&A Deal Summary |
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Date | 2015-07-31 |
Target | Illinois Gaming Investors |
Sector | Gaming |
Buyer(s) | PENN Entertainment |
Deal Type | Add-on Acquisition |
Advisor(s) | Wells Fargo Securities (Financial) |
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Category | Company |
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Founded | 1972 |
Sector | Gaming |
Employees | 23,333 |
Revenue | 6.4B USD (2023) |
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 | 14 of 19 |
Sector (Gaming) | 5 of 6 |
Type (Add-on Acquisition) | 12 of 16 |
State (Illinois) | 1 of 1 |
Country (United States) | 14 of 18 |
Year (2015) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2015-04-29 |
Tropicana Las Vegas
Las Vegas, Nevada, United States Tropicana Las Vegas is an operator of Hotel and Casino that boasts stylish rooms, suites, and luxury villas, complete with acclaimed restaurants, premier entertainment options, and a 50,000-square-foot casino. The resort redefines the expectations of today's global travelers by providing a casually elegant experience on The Strip, all with a South Beach rhythm and vibe. The property also features Glow® a Mandara Spa and fitness center, Laugh Factory Comedy Club, Trago Lounge, and restaurants such as Robert Irvine’s Public House, Bacio Breakfast, Oakville Steakhouse, Barista Café, Fresh Mix, South Beach Food Court, and Savor Brunch Buffet. Tropicana Las Vegas is based in Las Vegas, Nevada. |
Buy | $360M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-05-16 |
Rosecroft Raceway
Fort Washington, Maryland, United States Rosecroft Raceway is a provider of racetracks. |
Sell | - |