Penn National To Establish Penn Game Studio With Two Acquisitions - Quick Facts

Penn National Gaming, Inc. (PENN) announced Monday that it is acquiring HitPoint Studios, Inc. and its spun-off real money gaming company, LuckyPoint Inc., to established Penn Game Studios, an in-house content development team focused on creating exclusive iCasino content for its customers.

The company said this is another important step in its evolution into the leading omni-channel provider of retail and interactive gaming, sports betting and entertainment.

HitPoint is an independent game design and development studio founded in Massachusetts in 2008. HitPoint spun out LuckyPoint in 2019 to focus on real-money game development and the creation and operation of a remote gaming server.

The acquisition is expected to close in the near term, subject to the satisfaction of customary closing conditions.

Upon completion of the acquisition, the team of 30 employees from HitPoint and LuckyPoint will be integrated into Penn National's wholly-owned interactive division, Penn Interactive.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The five-day holiday shopping period from Thanksgiving Day through Cyber Monday saw about 180 million Americans making in-store and online purchases, according to the National Retail Federation's Annual Thanksgiving Weekend Consumer Survey, conducted by Prosper Insights & Analytics. The shoppers spent an average of $301.27 on holiday-related purchases such as gifts, décor, apparel and toys. Biopharmaceutical company Immunome, Inc. (IMNM) announced Wednesday that it has conducted an assessment of the reported mutations in the new SARS-CoV-2 variant, Omicron (B.1.1.529). Based upon structural mapping of those mutations and activity against previous and current CDC variants of concern,... CVS Health said it has installed time delay safe technology in all 392 Illinois CVS Pharmacy locations, including those in Target stores, to help reduce organized retail crime. The installation of new safes for controlled substances are anticipated to help prevent pharmacy robberies. There is also potential for associated diversion of controlled substance medications, including opioid medications.
Follow RTT