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