Penn National to acquire Prairie State Gaming

One of the largest VGT route operators in Illinois, Prairie’s operations include more than 1,100 terminals across a network of 270 bar and retail gaming establishments throughout the State. For the 12 months ended June 30, 2015, PSG generated nearly $10m in EBITDA.

“The planned acquisition of PSG is consistent with our proven long-term strategy for growth through accretive acquisitions,” commented Jay Snowden, Penn National COO. “PSG is one of Illinois’ most respected VGT operators. With its strong financial position, PSG has also distinguished itself in the Illinois VGT industry for its ability to quickly roll out new games to customers.”

John Canham, current acting General Manager at Hollywood Casino at Kansas Speedway, will assume the newly created role of General Manager of VGT Operations for Penn National. Canham will report directly to Ameet Patel, Senior Vice President, Regional Operations for Penn National.

Throughout his 36-year gaming industry career, Canham has served in many diverse roles. Prior to assuming the role of acting General Manager at Hollywood Casino at Kansas Speedway, he served as Vice President of Casino Operations. Before that he was Director of Operations at Boomtown Biloxi and previously served in various roles at Hollywood Casino Baton Rouge.

He began his career with London Clubs in England and subsequently worked in a variety of positions in a number of international casinos, including Crystal Palace Casino in the Bahamas and Casino Jasmine in Cyprus.

Rob Miller, founder and president of PSG, will remain with the company as a strategic advisor and will be working closely with Canham to ensure a smooth transition and to continue supporting PSG’s retail gaming, bar, restaurant, and veteran organisation customers.

“Penn National looks forward to adding our nearly two decades of industry leading experience in marketing, player development and operating electronic casino games in highly regulated environments,” added Snowden. “We believe this acquisition will provide us a solid platform for future growth in the Illinois VGT market and potentially other states where this form of gaming is authorised.”