Penn National Gaming Launches Diversity Scholarship Program for Children of Team Members
March 19 2021 - 4:20PM
Business Wire
Company Dedicates $1 Million Annually to Fund New
Scholarships
Penn National Gaming, Inc. (Nasdaq: PENN)(“Penn National” or the
“Company”) announced today that it has launched a new Diversity
Scholarship Program for the children of its team members, which
reflects the Company’s commitment to equity in post-secondary
education opportunities for students. Penn National is partnering
with The Public Education Foundation (“PEF”) to administer the
Diversity Scholarship Program and has committed $1 million annually
to fund the program.
“Last year, amidst one of the most challenging times in our
nation’s history and as the world grappled with an outpouring of
racial and social anguish, we formed a new Penn Diversity Committee
to help put our Company’s longstanding support of diversity and
inclusion into action,” said Jay Snowden, President and CEO of Penn
National. “The Diversity Committee, which reports directly to me,
is comprised of a broad range of team members, including those from
underrepresented communities from around the country and at varying
levels in our organization. It will ensure our Company has
mechanisms in place to listen to team members about important
ongoing social justice issues, and to help implement new
initiatives such as this Diversity Scholarship Program. Other
examples include specific actions to increase our recruitment and
support at Historically Black Colleges and Universities (“HBCUs”)
and universities with diverse populations, as well as increasing
our support to organizations in our communities that promote
equality, justice and diversity.”
The Diversity Scholarship Program includes two-year and
four-year scholarship awards, ranging from $2,500 to $10,000
annually. Dependent children of any team members who are
director-level or below with a minimum of one-year of tenure at the
Company are eligible to apply. A competitive selection process will
be administered by PEF and scholarship awards will be decided by
PEF’s Scholarship Selection Committee, comprised solely of
individuals who are entirely independent of Penn National.
Financial need carries a 50% weight in choosing awardees, while
academic and extra-curricular achievements comprise the remainder
of the selection criteria. Applications will be accepted through
April 24, 2021 and scholarships are scheduled to be awarded in late
May 2021. More information on the Diversity Scholarship Program can
be found by clicking here.
“In this time of economic uncertainty, more families are
struggling with the costs of students attending college. We
appreciate that Penn National Gaming has stepped up to invest in
post-secondary education so that more students in need can realize
their dreams,” said Judi Steele, Founder and CEO of The Public
Education Foundation.
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.
About The Public Education Foundation
The Public Education Foundation (the Foundation) is a 501(c)(3)
nonprofit organization founded nearly 30 years ago by leaders from
the public and private sectors who believed that improving our
public schools was too big a task for a school district to take on
alone. The Foundation’s mission is to improve student achievement
by creating transformational change in teaching, learning, and
education leadership. At any given moment, thousands of Nevada’s
children, families, and educators are benefiting from resources
that the Foundation has strategically invested in schools,
classrooms, and communities. Our programs include the Leadership
Institute of Nevada, which offers leadership academies and summits
for teachers and administrators throughout Nevada, including on
best practices for online learning; Scholarships PLUS, a
collaboration with the community to award more than $2.8 million in
scholarships each year; an innovative family engagement program
that coaches parents how to support their children in school,
especially utilizing digital learning; and the Teacher EXCHANGE®, a
reuse and surplus resource center that provides much-needed new and
gently used school supplies and materials for teachers.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210319005478/en/
Eric Schippers Senior Vice President, Public Affairs Penn
National Gaming 610/373-2400
Kirsten Searer President The Public Education Foundation
702/799-1042
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