| Business Summary | | Penn
National
Gaming,
Inc.
is
a
diversified
gaming
and
pari-mutuel
wagering
company
with
facilities
in
West
Virginia,
Mississippi
and
Pennsylvania.
The
Company's
Charles
Town
Entertainment
Complex
in
Charles
Town,
West
Virginia
features
is
the
leading
gaming
property
serving
those
areas.
In
addition
to
the
gaming
facilities,
the
Company
owns
and
operates
Penn
National
Race
Course,
located
outside
of
Harrisburg,
one
of
two
thoroughbred
racetracks
in
Pennsylvania,
and
Pocono
Downs,
located
outside
of
Wilkes-Barre,
one
of
two
harness
racetracks
in
Pennsylvania.
The
Company
also
operates
11
off-track
wagering
facilities
(OTWs)
in
Pennsylvania
and
holds
a
50%
interest
in
Pennwood
Racing,
Inc.,
a
joint
venture
that
owns
and
operates
Freehold
Raceway
and
will
operate
Garden
State
Park
in
New
Jersey
through
May
31,
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PENN
provides
pari-mutuel
wagering
opportunities
on
both
live
and
simulcast
thoroughbred
and
harness
horse
races
at
two
racetracks
and
ten
off-track
wagering
facilities
and
pari-mutuel
wagering
and
video
gaming
machines
in
WV.
For
the
six
months
ended
6/30/01,
total
revenues
totalled
$237.9
million,
up
from
$113
million.
Net
income
rose
13%
to
$11.1
million.
Revenues
reflect
additional
gaming
machines.
Earnings
were
partially
offset
by
costs
of
additional
machines
and
floor
space. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Peter Carlino, 54 Chairman,
CEO, Director | $511K | Kevin DeSanctis, 48 Pres,
COO | -- | William Clifford CFO,
Sr. VP-Fin. | -- | John Rauen VP-Operations | -- | Robert Abraham, 48 VP,
Controller | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|