| Hollywood Casino Corp. | |
| Industry: | Private |
| Founded: | 1990s |
| Founder: | Pratt family (of the Sands Atlantic City |
| Fate: | Acquired by Penn National Gaming |
| Hq Location: | Dallas, Texas, U.S. |
| Num Locations: | 4 casinos |
| Num Locations Year: | 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]