Penn National is America's third largest gaming company

May 21, 2012 8:33 PM

Continuing its growth with a new casino opening next week in Ohio and another one under construction, Penn National Gaming Inc. (PENN) has become America’s third-largest gaming company in terms of annual revenue.

According to recent statistics, Penn National has risen above $2.5 billion in annual revenues, thus achieving its new ranking.

The company that operates 26 casinos or racinos in 19 states, including the M Resort in Las Vegas, is still a long distance away from the two leaders.

Caesars Entertainment Corp. (CZR) is tops with about $8.8 billion, followed by MGM Resorts International (MGM) with $7.8 billion.