Hollywood Casino Corp.
| Industry | Private |
|---|---|
| Founded | 1990s |
| Founder | Pratt family (of the Sands Atlantic City |
| Defunct | 2003 |
| Fate | Acquired by Penn National Gaming |
| Headquarters | Dallas, Texas, U.S. |
Number of locations | 4 casinos (2000) |
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
[edit]- Hollywood Casino Aurora – Aurora, Illinois
- Hollywood Casino Shreveport – Shreveport, Louisiana
- Hollywood Casino Tunica – Tunica Resorts, Mississippi
- Sands Atlantic City – Atlantic City, New Jersey (80 percent ownership through Pratt Hotel Corp.)
References
[edit]- ^ "Penn completes Hollywood Casino buy". Dallas Business Journal. March 4, 2003. Retrieved August 3, 2012.
- ^ 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)
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