Penn National Gaming to Launch Penn Game Studios
“We are incredibly excited to be launching
HitPoint is an independent game design and development studio founded in
In 2019, HitPoint spun out LuckyPoint to focus on real-money game development and the creation and operation of a remote gaming server (“RGS”). In addition to traditional online casino table games and slot machines, the LuckyPoint RGS brings a variety of gaming styles to desktop and mobile devices, including retro-style arcade games and puzzle games.
“We are thrilled to be joining Penn National and bringing our expertise to the Company’s interactive division,” said
Upon completion of the acquisition, the team of 30 employees from HitPoint and LuckyPoint will be integrated into Penn National’s wholly-owned interactive division, Penn Interactive. The team is comprised of highly-skilled designers, artists and engineers with a passion for creating and enabling new play patterns through innovative design and technology.
With the nation's largest and most diversified regional gaming footprint, including 41 properties across 19 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. The Company's properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including
L'Auberge. Our wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company's portfolio, as well online social casino, bingo, and iCasino products. In
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Specifically, forward-looking statements include statements regarding the potential benefits and expected timing of the closing of the Hitpoint transaction. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to: (a) the magnitude and duration of the impact of the COVID-19 pandemic on general economic conditions, capital markets, unemployment, consumer spending and the Company’s liquidity, financial condition, supply chain, operations and personnel; (b) the consummation of the Hitpoint transaction is subject to closing conditions and may be delayed or may not occur at all; and (c) other factors as discussed in the Company’s Annual Report on Form 10-K for the year ended
Senior Vice President, Public Affairs