![]() The restrictions were put in place after Penn National acquired gambling company Pinnacle Entertainment in October 2018, which changed the company’s asset composition.Ĭarlino had served as chairman since the company’s initial public offering in 1994, and had previously served as CEO until 2013. The shift was made to comply with the Clayton Antitrust Act, which makes Carlino ineligible to serve as a director to both Penn National and Gaming and Leisure Properties Inc., a real estate investment trust company that spun out of Penn National in 2013. Penn National- which operates 42 gaming companies, including the M Resort and Tropicana - announced Friday that Peter Carlino is stepping down from his role as chairman after 25 years. (AP Photo/Brad C Bower)Īn antitrust act is causing Penn National Gaming’s chairman to step down, following the company’s $2.8 billion acquisition of Pinnacle Entertainment Inc. company is shown at his Woymissing, Pa office Thursday, Aug. Peter Carlino, Chief Executive Officer of the Penn National Gaming Inc.
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