Penn National Gaming Was founded in 1972 by Peter D. Carlino. The company owns and operates casinos, Video gaming terminals and hotels. Penn National Gaming is based and operated in Wyomissing, Pennsylvania and operates 29 facilities across the United States and Canada. The company owns or manages many popular gaming and entertainment for example: Hollywood Casino STL, Argosy Casino Alton, Argosy Casino Riverdale, Boomtown Biloxi, Hollywood Casino Aurora and many more all over. The Company is constantly expanding and growing throughout the US and Canada. The company are driven to give consumers and customers an incredible and unforgettable experience at the business they manage and operate. The company is also publicly traded as NASDAQ and …show more content…
The company has many different competitors for example other casinos or gaming companies owned by other companies as well as the Las Vegas Strip which is famously known for its casinos and gaming entertainment. These competitors are examples of external driving forces. There are many casino companies out their but according to the GFM Asset Management “Of course, the 33 largest casinos with market caps over $1 billion are probably less volatile than the 44 smaller ones”. Based on this quote this article is only focusing on the top 77. Many of these companies that are established in the United States and are trying to break into the international business. Penn National Gaming is one of the companies who have business in another country the company does business in Canada as well as the United States. With gambling being such a popular activity the need for local, state and federal regulations were needed. By doing so the performance of casino and gaming companies were improved. Casinos are steadily growing and are in high demand due to casinos having hotels or hotels having casinos. This is convenient for consumers and customers because they are given a place to stay as well as entertainment during their …show more content…
There's a lot that goes into the process of building, staffing and opening a casino. The casino industry is heavily regulated at local, state and federal levels, employees are required to have a gaming license and each location is required to be licensed. In order to start a business in the casino business it would take a lot of money as well a lot of attention to details. By needing to ensure that these things are done and done correctly this is creating a barrier to