Hollywood Casino Corp.

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Hollywood Casino Corp. was a gaming company based in Dallas, Texas. It was acquired in 2003 by Penn National Gaming for $328 million plus $360 million in assumed debt. [1]

In the early 1990s, as legalized gambling spread to new states, the Pratts, owners of Sands Atlantic City, established Hollywood Casino Corp. to develop new casinos under the Hollywood Casino name. [2] At the time of its initial public offering in 1993, HWCC owned an 80 percent stake in Pratt Hotel. [3]

The company made its initial public offering in May 1993. [4] Its first riverboat casino opened in Aurora, Illinois the next month. [5] In January 1994, Hollywood acquired a casino being built in Tunica County, Mississippi from Summit Casinos for $15 million, [6] and it opened in August. [7] A casino in Shreveport, Louisiana was opened in December 2000. [8]

List of properties

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References

  1. ↑ "Penn completes Hollywood Casino buy". Dallas Business Journal. March 4, 2003. Retrieved 2012-08-03.
  2. ↑ Sammy Fretwell (February 28, 1994). "Texas man betting on big payoffs if S.C. legalizes gambling". The State. Columbia, SC – via NewsBank.
  3. ↑ Fred Faust (May 29, 1993). "Hot shots: Two of three offerings of gambling stock win big this week". St. Louis Post-Dispatch– via NewsBank.
  4. ↑ McCartney, Scott; Calian, Sara (June 7, 1993). "Hollywood Casino shares offer bold bet for gamblers". Wall Street Journal. – via Factiva (subscription required)
  5. ↑ "Hollywood Casinos' gaming paddle-wheelers get underway". Dallas Morning News. Bloomberg. June 18, 1993. – via NewsBank (subscription required)
  6. ↑ Campbell, Laurel (January 7, 1994). "New player antes up for Tunica casino". The Commercial Appeal. Memphis. – via NewsBank (subscription required)
  7. ↑ Campbell, Laurel (August 9, 1994). "Hollywood crowd big at casino's premiere". The Commercial Appeal. Memphis. – via NewsBank (subscription required)
  8. ↑ "River casino going Hollywood: Movie-theme boat making its debut today in Shreveport". Dallas Morning News. AP. December 20, 2000. – via NewsBank (subscription required)


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