Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gaming. It operates 43 properties in 20 states, online sports betting in 14 jurisdictions and iCasino in five under the brands Hollywood Casino, L’Auberge, Barstool Sportsbook, and theScore Bet. The company also owns a 36% stake in Barstool Sports. In 2013, Penn completed the

corporate spin-off A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characte ...

of Gaming and Leisure Properties, a

real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

History

Background and early history (1968–1994)

Beginning: Pitt Park Raceway, Inc. and the Pennsylvania National Turf Club

In 1967, Pennsylvania enacted a law allowing

thoroughbred horse racing Thoroughbred racing is a sport and industry involving the racing of Thoroughbred horses. It is governed by different national bodies. There are two forms of the sport – flat racing and jump racing, the latter known as National Hunt racing in ...

with parimutuel wagering. Two companies that later formed part of Penn National Gaming were founded in 1968 by groups seeking one of the four available racing licenses: Pitt Park Raceway, Inc., formed by several

Erie Erie (; ) is a city on the south shore of Lake Erie and the county seat of Erie County, Pennsylvania, United States. Erie is the fifth largest city in Pennsylvania and the largest city in Northwestern Pennsylvania with a population of 94,831 a ...

area businessmen, and the Pennsylvania National Turf Club, established by a group of Central Pennsylvania investors. The Turf Club was awarded one of the licenses, and soon began construction on Penn National Race Course. The complex included a motor speedway, which held its first races in 1971, and the horse track, which opened in 1972. Pitt Park Raceway, meanwhile, was denied in its initial application, but received one of a second round of licenses issued in 1970. The first Pitt Park racing meet opened in 1971 at The Meadows, an existing harness racing track. Pitt Park lost half a million dollars in its first meet, leading its owners to sell the company to a group of investors, including Philadelphia insurance businessman Peter D. Carlino. After another unsuccessful season at The Meadows, Pitt Park changed its name to the Mountainview Thoroughbred Racing Association and moved to Penn National Race Course. Starting in 1973, as a tenant of the Turf Club, Mountainview held 100 nights of racing there each year.

Reorganization and renaming to Penn National Gaming

In 1982, Carlino purchased Penn National Race Course from the financially struggling Turf Club. The Turf Club continued to operate its own racing meet each year, now as a tenant of Carlino. The companies involved with Penn National Race Course were reorganized in 1994 in preparation for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. PNRC Corp., which had been incorporated in 1982, was renamed as Penn National Gaming, with Mountainview and the Turf Club as its subsidiaries. Carlino's son, Peter M. Carlino, who had earlier managed Mountainview, was Penn National's first CEO, a position he held until 2013. In May 1994, Penn National Gaming became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...

via an

on the Nasdaq, raising $18 million to pay down debt and fund construction of

off-track betting Off-track betting (or OTB; in British English, off-course betting) is sanctioned gambling on horse racing outside a race track. U.S. history Before the 1970s, only the state of Nevada allowed off-track betting. Off-track betting in New York wa ...

parlors.

Expansion (1996–2021)

Penn National expanded beyond its first racetrack with the acquisitions of

Pocono Downs Mohegan Pennsylvania (formerly Mohegan Sun Pocono, Pocono Downs and Mohegan Sun at Pocono Downs) is a racino located in Plains Township on the outskirts of Wilkes-Barre, Pennsylvania. The casino features over 2,300 slots, live tables for blackj ...

in 1996, Charles Town Races in 1997, and, in 1999, a half interest in

Freehold Raceway Freehold Raceway is a half-mile racetrack in Freehold Borough, New Jersey, and is the oldest racetrack in the United States. Horseraces have been taking place at Freehold Raceway since the 1830s. The Monmouth County Agricultural Society was fo ...

and the operations of

Garden State Park Garden State Park was a harness and thoroughbred race track in Cherry Hill, Camden County, New Jersey. It is now the site of a high-end, mixed-use "town center" development of stores, restaurants, apartments, townhouses, and condominiums. Garden ...

. The company acquired its first standalone casino properties in 2000, buying

Casino Magic Bay St. Louis Hollywood Casino Gulf Coast (formerly Casino Magic Bay St. Louis) is a casino hotel complex in Bay St. Louis, Mississippi, owned by Gaming and Leisure Properties and operated by Penn Entertainment. History The property was first opened by Cas ...

and

Boomtown Biloxi A boomtown is a community that undergoes sudden and rapid population growth, population and economic growth, or that is started from scratch. The growth is normally attributed to the nearby discovery of a precious resource such as gold, silver, ...

from

Pinnacle Entertainment Pinnacle Entertainment, Inc. was an American gambling and hospitality company. It was acquired by Penn National Gaming in 2018. At the time of acquisition, it operated sixteen casino properties, located in Colorado, Indiana, Iowa, Louisiana, Miss ...

for $201 million. This was followed in 2001 by the acquisition of Carnival Resorts & Casinos, including ownership of Casino Rouge in

Baton Rouge, Louisiana Baton Rouge ( ; ) is a city in and the capital of the U.S. state of Louisiana. Located the eastern bank of the Mississippi River, it is the parish seat of East Baton Rouge Parish, Louisiana's most populous parish—the equivalent of counties ...

and the management contract for

Casino Rama Casino Rama is a large casino, hotel, and entertainment complex located in the town of Rama, Ontario on the reserve land of the Chippewas of Rama First Nation. It is jointly owned by the Chippewas of Rama First Nation and the Ontario Lottery and ...

in Ontario. Next, in 2002, it bought the Bullwhackers Casino in Black Hawk, Colorado from the Hilton Group for $6.5 million. In 2003, Penn National bought Hollywood Casino Corp. for $328 million plus $360 million in assumed debt, gaining three casinos in Aurora, Illinois;

Tunica, Mississippi Tunica is a town in and the county seat of Tunica County, Mississippi, United States, near the Mississippi River. Until the early 1990s when casino gambling was introduced in the area, Tunica had been one of the most impoverished places in the Un ...

; and Shreveport, Louisiana. The acquisition, which doubled Penn National's revenues, was part of a continuing strategy to shift away from the horse racing business and into the casino business. The company planned to rebrand its other properties under the Hollywood Casino name. In 2005, Penn National acquired

Argosy Gaming Company Argosy Gaming Company was an Alton, Illinois based casino operator. History The company through the political connections of its chairman William F. Cellini received the first gambling license in Illinois in modern times. It began operations i ...

for $1.4 billion plus $791 million in assumed debt, adding five casinos and one horse track to its portfolio (not including the Argosy Baton Rouge, which was quickly sold to satisfy antitrust concerns). The purchase again doubled Penn National's size, making it, at the time, the third largest publicly held gaming company in the country (behind

MGM Mirage MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Pa ...

and

Harrah's Entertainment Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven g ...

). In November 2006, a deal for Penn National Gaming to acquire Harrah's Entertainment fell through. In 2007, Penn National acquired the Zia Park racino in Hobbs, New Mexico for $200 million. An attempt in 2007 to take the company private with a $6.1 billion buyout fell through for prospective buyers

Fortress Investment Group Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February 200 ...

and

Centerbridge Partners Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. The firm manages over $32 billion of assets

. In November 2012, Penn National announced a plan to spin off a new

(REIT) with ownership of most of its properties, in an effort to reduce taxes and cost of capital, and overcome license ownership restrictions. The REIT owned the land and buildings for 21 of Penn National's 29 casinos and racetracks; Penn National continued to operate all but two of the properties under a lease agreement. The spin-off was completed on November 1, 2013, creating Gaming and Leisure Properties, Inc. (GLPI). As of June 2022, the GLPI trust owned over 50 casino properties, which it leased to companies including Caesars Entertainment, Boyd Gaming Corp., Casino Queen, and Cordish Cos. In July 2013, Penn National sold the Bullwhackers Casino to a local investor group. In April 2015, the company agreed to purchase the

Tropicana Las Vegas The Tropicana Las Vegas is a casino hotel on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by Bally's Corporation, on land leased from Gaming and Leisure Properties. It offers 1,467 rooms, a gaming floor, and of conventi ...

for $360 million. In August 2016, the company agreed to purchase Rocket Games for $60 million. In May 2017, Penn National acquired the operating assets of Bally's Casino Tunica and

Resorts Casino Tunica Resorts Casino Tunica, formerly Southern Belle Casino and Harrah's Tunica Mardi Gras Casino, was a 201-room hotel and a casino located in Tunica Resorts, Mississippi. It was one of three casinos located in the "Casino Strip" area, along with S ...

for a total of $44 million, and leased the two casinos from GLPI, which had simultaneously purchased the real estate assets. In October 2018, the company acquired

for $2.8 billion in cash and stock. To ensure regulatory approval for the deal, Pinnacle sold four of its properties to

Boyd Gaming Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by founder Sam Boyd's family under the management of Sam's son, Bill Boyd (born 1931), who currently serves as the ...

prior to the merger. The result was the addition of twelve new properties to Penn National's holdings, all of them leased from GLPI. In connection with the sale, Penn National sold the real estate of Plainridge Park Casino to GLPI for $250 million. In 2019, Penn National made two purchases in conjunction with

Vici Properties Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns ...

. Penn National bought the operating businesses of the

Margaritaville Resort Casino Margaritaville Resort Casino is a casino hotel in Bossier City, Louisiana. It is owned by Vici Properties and operated by Penn Entertainment, and uses its name under license from Jimmy Buffett's Margaritaville. The casino has of gaming space ...

in Louisiana and Greektown Casino–Hotel in Detroit for $115 million and $300 million, respectively, while Vici bought both properties' real estate assets and leased them to Penn. On January 29, 2020, the company purchased a 36% stake in Barstool Sports for $163 million. The company also has an option in the deal to increase its stake to control or full ownership in three years. During the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...

, Penn faced the prospect of financial issues brought on by resort closures. As a result, Penn sold the land occupied by the Tropicana Las Vegas to GLPI. Penn sold the land for $337.5 million in rent credits, and the sale was finalized in April 2020. Penn continued to operate the Tropicana until 2022, when it was sold to

Bally's Corporation Bally's Corporation is a gaming, betting, and interactive entertainment company headquartered in Providence, Rhode Island. It owns and operates 15 casinos across ten states, a horse track in Colorado, and online sports betting operations in 14 st ...

. Throughout 2021, Penn launched its Barstool Sportsbook mobile app in twelve states. This included Pennsylvania, Michigan, Illinois, Iowa, New Jersey, and Indiana. The app provides online sports betting for 20 sports. In August 2021, Penn National agreed to acquire Score Media and Gaming Inc., a digital media company, for $2 billion. The companies have had a strategic partnership since 2019. Score Media operates theScore app, a top sports media app, which provides sports scores, news, and betting information to users. In September 2021, Penn National opened a career center at Hollywood Casino Morgantown.

Penn Entertainment (2022 to present)

In February 2022, Penn National announced a strategic partnership with Sports Betting Exchange in Louisiana. In April 2022, theScore’s online sports betting platform and app, theScore Bet, started taking bets in Canada and became the official gaming partner of the Toronto Blue Jays. In August 2022, the company changed its name to Penn Entertainment to reflect its diversification into sports content and other entertainment. That same month, the company announced it was purchasing the remainder of the Barstool shares and taking full control of the digital media company.

Properties

Owned and operated

– Freehold, New Jersey (50% ownership) * Hollywood Casino at Kansas Speedway –

Kansas City, Kansas Kansas City, abbreviated as "KCK", is the third-largest city in the U.S. state of Kansas, and the county seat of Wyandotte County. It is an inner suburb of the older and more populous Kansas City, Missouri, after which it is named. As of ...

(50% ownership) * Sam Houston Race Park Ltd. (50% ownership) ** Sam Houston Race Park – Houston, Texas **

Valley Race Park Sam Houston Race Park is a horse racing track located in unincorporated northwest Houston, Texas, United States. The park hosts both Thoroughbred and American Quarter Horse racing each year. The track strives to be a multi-purpose venue, hosting ...

– Harlingen, Texas * Sanford–Orlando Kennel Club –

Longwood, Florida Longwood is a city in Seminole County, Florida, United States. The population was 15,087 at the 2020 census. It is part of the Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area. Geography Longwood is located at . According t ...

Leased or managed

* Ameristar Casino Council Bluffs — Council Bluffs, Iowa * Ameristar Casino Hotel East Chicago —

East Chicago, Indiana East Chicago is a city in Lake County, Indiana, United States. The population was 29,698 at the 2010 census. The city is home of the Indiana Harbor and Ship Canal, an artificial freshwater harbor characterized by industrial and manufacturing ac ...

* Ameristar Casino Vicksburg —

Vicksburg, Mississippi Vicksburg is a historic city in Warren County, Mississippi, United States. It is the county seat, and the population at the 2010 census was 23,856. Located on a high bluff on the east bank of the Mississippi River across from Louisiana, Vi ...

Ameristar Casino Resort Spa Black Hawk Ameristar Casino Resort Spa Black Hawk is a casino and hotel in Black Hawk, Colorado, owned by Gaming and Leisure Properties and operated by Penn Entertainment. History Plans for the casino were revealed in 1997 by Windsor Woodmont, a company f ...

— Black Hawk, Colorado *

Argosy Casino Alton Argosy Casino Alton is a riverboat casino located in Alton, Illinois, in the Greater St. Louis metropolitan area. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. History The Argosy opened in 1991 as a small r ...

–

Alton, Illinois Alton ( ) is a city on the Mississippi River in Madison County, Illinois, Madison County, Illinois, United States, about north of St. Louis, St. Louis, Missouri. The population was 25,676 at the 2020 United States Census, 2020 census. It is a p ...

* Argosy Casino Riverside – Riverside, Missouri *

–

Biloxi, Mississippi Biloxi ( ; ) is a city in and one of two county seats of Harrison County, Mississippi, United States (the other being the adjacent city of Gulfport). The 2010 United States Census recorded the population as 44,054 and in 2019 the estimated popu ...

Boomtown Bossier City Boomtown Bossier City (formerly Casino Magic Bossier City) is a hotel and casino located in Bossier City, Louisiana, Bossier City, Louisiana. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. History Casino Magic Cor ...

— Bossier City, Louisiana * Boomtown New Orleans —

Harvey, Louisiana Harvey is a census-designated place (CDP) in Jefferson Parish, Louisiana, United States. Harvey is on the south side (referred to as the "West Bank") of the Mississippi River, within the New Orleans– Metairie–Kenner metropolitan sta ...

* Cactus Petes Resort Casino —

Jackpot, Nevada Jackpot is an unincorporated community and census-designated place (CDP) in Elko County, Nevada, United States. The population was 855 as of the 2020 census. Located less than from the Idaho border on US 93, Jackpot has been a popular casino g ...

1st Jackpot Casino Tunica 1st Jackpot Casino Tunica (formerly Bally's) is a casino and former hotel in Tunica Resorts, Mississippi. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. The casino has of gaming space, with 899 slot machines and 1 ...

–

Tunica Resorts, Mississippi Tunica Resorts, formerly known as Robinsonville until 2005,

Hollywood Casino Aurora Hollywood Casino Aurora was originally a riverboat casino located on the Fox River in Aurora, Illinois, a western suburb of Chicago. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment Penn Entertainment, Inc., forme ...

– Aurora, Illinois * Hollywood Casino Bangor – Bangor, Maine * Hollywood Casino at Charles Town Races –

Charles Town, West Virginia Charles Town is a city in Jefferson County, West Virginia, United States, and is also the county seat. The population was 5,259 at the 2010 census. It is named for its founder Charles Washington, youngest brother of President George Washington. ...

* Hollywood Casino Columbus – Columbus, Ohio *

Hollywood Casino at Greektown Hollywood Casino at Greektown, formerly Greektown Casino-Hotel, is a casino hotel in the Greektown neighborhood in Detroit, Michigan. It is owned by Vici Properties and operated by Penn Entertainment. The casino opened in 2000, under the majorit ...

—

Detroit, Michigan Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at ...

Hollywood Casino Gulf Coast Hollywood Casino Gulf Coast (formerly Casino Magic Bay St. Louis) is a casino hotel complex in Bay St. Louis, Mississippi, owned by Gaming and Leisure Properties and operated by Penn Entertainment. History The property was first opened by Cas ...

– Bay St. Louis, Mississippi *

Hollywood Casino Joliet Hollywood usually refers to: * Hollywood, Los Angeles, a neighborhood in California * Hollywood, a metonym for the cinema of the United States Hollywood may also refer to: Places United States * Hollywood District (disambiguation) * Hollywood ...

–

Joliet, Illinois Joliet ( ) is a city in Will and Kendall counties in the U.S. state of Illinois, southwest of Chicago. It is the county seat of Will County. At the 2020 census, the city was the third-largest in Illinois, with a population of 150,362. Hist ...

* Hollywood Casino Lawrenceburg –

Lawrenceburg, Indiana Lawrenceburg is a city in Dearborn County, Indiana, United States. The population was 5,042 at the 2010 census. The city is the county seat and largest city of Dearborn County. Lawrenceburg is in southeast Indiana, on the Ohio River west of Cinc ...

Hollywood Casino at Penn National Race Course Hollywood Casino at Penn National Race Course is a thoroughbred horse racing track and casino in Grantville, Pennsylvania, east of Harrisburg. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. The track opened on ...

– Grantville, Pennsylvania * Hollywood Casino Perryville –

Perryville, Maryland Perryville is a town in Cecil County, Maryland, United States. The population was 4,361 at the 2010 census. The town is located near an access for Interstate 95, on the north side of the outlet of the Susquehanna River. History Perryville was fir ...

* Hollywood Casino St. Louis –

Maryland Heights, Missouri Maryland Heights is a second-ring north suburb of St. Louis, located in St. Louis County, Missouri, United States. The population was 27,472 at the 2010 census. The city was incorporated in 1985. Edwin L. Dirck was appointed the city's first ma ...

* Hollywood Casino Toledo –

Toledo, Ohio Toledo ( ) is a city in and the county seat of Lucas County, Ohio, United States. A major Midwestern United States port city, Toledo is the fourth-most populous city in the state of Ohio, after Columbus, Cleveland, and Cincinnati, and according ...

Hollywood Casino Tunica Hollywood Casino Tunica is a casino and hotel located in Tunica Resorts, Mississippi. History Casinos were brought to Tunica County, Mississippi in the early 1990s as a revenue stream to improve the conditions at the time. At one point, Tunica ...

–

Tunica Resorts, Mississippi Tunica Resorts, formerly known as Robinsonville until 2005,

* Hollywood Casino York –

York, Pennsylvania York (Pennsylvania Dutch: ''Yarrick''), known as the White Rose City (after the symbol of the House of York), is the county seat of York County, Pennsylvania, United States. It is located in the south-central region of the state. The populatio ...

* Hollywood Gaming at Dayton Raceway –

Dayton, Ohio Dayton () is the sixth-largest city in the U.S. state of Ohio and the county seat of Montgomery County. A small part of the city extends into Greene County. The 2020 U.S. census estimate put the city population at 137,644, while Greater D ...

* Hollywood Gaming at Mahoning Valley Race Course – Austintown, Ohio * Horseshu Hotel and Casino —

* L'Auberge Casino & Hotel Baton Rouge —

* L'Auberge Casino Resort Lake Charles —

Lake Charles, Louisiana Lake Charles (French: ''Lac Charles'') is the fifth-largest incorporated city in the U.S. state of Louisiana, and the parish seat of Calcasieu Parish, located on Lake Charles, Prien Lake, and the Calcasieu River. Founded in 1861 in Calcas ...

* M Resort – Henderson, Nevada *

– Bossier City, Louisiana *

The Meadows Racetrack and Casino Hollywood Casino at The Meadows, originally The Meadows Racetrack and Casino, is a Standardbred harness-racing track and slot-machine casino in North Strabane Township, Pennsylvania, United States, about southwest of Pittsburgh. It is owned by ...

— North Strabane Township, Pennsylvania * Plainridge Park Casino –

Plainville, Massachusetts Plainville is a town in Norfolk County, Massachusetts, Norfolk County, Massachusetts, United States. The population was 9,945 at the time of the 2020 census. Plainville is part of the Boston metropolitan area, Boston and Providence metropolitan a ...

* Retama Park —

Selma, Texas Selma is a city in Bexar, Comal, and Guadalupe Counties in the U.S. state of Texas. It is part of the San Antonio metropolitan statistical area. Its population was 10,952 at the 2020 census, up from 5,540 at the 2010 census. Selma was settled by ...

* River City Casino — St. Louis, Missouri * Zia Park Casino – Hobbs, New Mexico

Former

* Argosy Casino Sioux City –

Sioux City, Iowa Sioux City () is a city in Woodbury and Plymouth counties in the northwestern part of the U.S. state of Iowa. The population was 85,797 in the 2020 census, making it the fourth-largest city in Iowa. The bulk of the city is in Woodbury County ...

(closed) * Beulah Park – Grove City, Ohio (closed) * Bullwhackers Casino – Black Hawk, Colorado (sold) *

–

Rama, Ontario Rama is a First Nations in Canada, First Nations community on the Chippewas of Rama First Nation reserve in Ontario, Canada. It is the home of Casino Rama. The community sports complex is called the Mnjikaning Arena Sports Ki, which was the ho ...

(management contract terminated July 2018) * Hollywood Casino Baton Rouge –

(spun off) * Hollywood Casino Jamul –

Jamul, California Jamul (; Kumeyaay: ''Ha-mul'', meaning "sweet water") is a census-designated place (CDP) in San Diego County, California, United States. Jamul had a population of 6,163 at the 2010 census. Jamul suffered from the Valley Fire, one of the 2020 Calif ...

(management contract terminated) *

Hollywood Casino Shreveport Hollywood usually refers to: * Hollywood, Los Angeles, a neighborhood in California * Hollywood, a metonym for the cinema of the United States Hollywood may also refer to: Places United States * Hollywood District (disambiguation) * Hollywood, ...

– Shreveport, Louisiana (lost to bankruptcy) * Raceway Park –

(closed) *

–

Tunica Resorts, Mississippi Tunica Resorts, formerly known as Robinsonville until 2005,

– Paradise, Nevada (sold)

References

External links

* {{Philadelphia Corporations 1994 initial public offerings Companies based in Berks County, Pennsylvania Companies listed on the Nasdaq Gambling companies of the United States Horse racing companies Hospitality companies of the United States