Penn National Gaming Announces Plans to Help Save Historic Reading Terminal Market in Philadelphia
October 22 2020 - 12:25PM
Business Wire
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or
the “Company”) announced today its plans to help sustain operations
and support the recovery of the Reading Terminal Market (“The
Market”) in downtown Philadelphia due to the ongoing challenges of
the COVID-19 pandemic.
“We are proud to support this historic institution, one of
America’s largest and oldest public markets,” said Jay Snowden,
President and CEO of Penn National Gaming. “When Dave Portnoy first
suggested the idea, we jumped at the chance to work together to
help save this beloved icon in the heart of Philadelphia.”
For those making a first-time deposit of $100+ into an account
on the recently launched Barstool Sportsbook app, Penn National
will match the deposit with a $100 donation to the Reading Terminal
Market until it hits its GoFundMe goal of $250,000. The current
remaining balance in the Fund is approximately $115,000. The Market
is a 501(c)3 non profit organization that supports
multi-generational family businesses and rising local entrepreneurs
building their businesses by selling at the Market. In addition,
the Market is one of the biggest sites for redemption of SNAP
benefits (“food stamps”) in Pennsylvania and provides educational
opportunities for low-income Philadelphia youth, including
after-school and summer programs.
The charitable fundraising effort by Penn National and Barstool
Sports began at midnight and is expected to end at the conclusion
of tonight’s Eagles vs. Giants game.
About Penn National Gaming
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 Hollywood,
Ameristar, and 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 February 2020, Penn National entered into a
strategic partnership with Barstool Sports, whereby Barstool is
exclusively promoting the Company's land-based and online casinos
and sports betting products, including the Barstool Sportsbook
mobile app, to its national audience. The Company's omni-channel
approach is bolstered by the myChoice loyalty program, which
rewards and recognizes its over 20 million members for their
loyalty to both retail and online gaming and sports betting
products with the most dynamic set of offers, experiences, and
service levels in the industry.
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version on businesswire.com: https://www.businesswire.com/news/home/20201022005952/en/
Eric Schippers Sr. Vice President – Public Affairs Penn National
Gaming 610/373-2400
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