Hollywood Casino Corp.

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. (HWCC) 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

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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