Penn National Gaming Inc. Chairman of the Board, Peter M. Carlino, was recently inducted into the American Gaming Association’s Gaming Hall of Fame at a ceremony in Las Vegas.
According to a press release from Wyomissing-based Penn National, Carlino was honored for his 30-year record as an industry visionary and for his accomplishments in driving Penn National’s consistent growth from a single racetrack to what is today the nation’s largest regional gaming operator.
Carlino served as Penn National’s chairman and CEO from April 1994 to Nov. 1, 2013. While he continues to serve as chairman of the Board of Directors, he left the company in 2013 to become chairman and CEO of Gaming and Leisure Properties Inc.
Gaming and Leisure is a spin-off from Penn National, the gaming industry’s first real estate investment trust and now has an enterprise value of approximately $13.2 billion.
Carlino assumed leadership at Penn National from his father, Peter D. Carlino, who was awarded one of Pennsylvania’s original thoroughbred racing licenses in 1972 at Penn National Racecourse near Harrisburg. He led the Company’s successful initial public offering on the strength of that single racetrack and two off-track wagering facilities, which at the time generated approximately $46 million in revenues. By the time he moved to GLPI in 2013, he had successfully grown Penn National into one of the nation’s largest, most broadly diversified casino gaming companies, with 26 properties in 17 jurisdictions throughout North America, and approximately $3 billion in annual revenues.
