iGaming economics<\/a> are more compelling than sports betting, because margins are superior and gamblers, on average, are more devoted to internet casino games than sports wagering.<\/p>\nWhat Penn Is Buying<\/h2>\n
HitPoint could ultimately prove to be a shrewd acquisition for Penn, as the operator seeks a deeper bench of online gaming offerings.<\/p>\n
\u201cHitPoint has created more than fifty games for some of the largest publishers and brands in the industry, including Microsoft, Ellen DeGeneres, EA\/PopCap, Disney, Google, and NBCUniversal,\u201d <\/strong>according to the statement.<\/p>\nThe aforementioned LuckyPoint business offers web-based slots and table games across desktop and mobile platforms. HitPoint and LuckyPoint will be folded into Penn National\u2019s wholly-owned interactive division, Penn Interactive Ventures.<\/p>\n
Revenue and profitability metrics for the newly acquired brands weren’t disclosed, and Penn National didn’t say if the purchase would be accretive to earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"
Penn National Gaming (NASDAQ:PENN) has announced the creation of Penn Game Studios (PGS). It is a unit dedicated to developing new online casino games, and a recent acquisition is aimed at bolstering that fresh business. The Pennsylvania-based casino operator said it’s purchasing HitPoint Studios, Inc. and LuckyPoint Inc. The latter is the real money gaming […]<\/p>\n","protected":false},"author":46,"featured_media":172473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,32093],"tags":[],"acf":[],"yoast_head":"\n
Penn National Buying HitPoint Studios to Bolster iGaming Portfolio<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n