Through its partnership entity, Pennwood Racing, Penn National and Greenwood jointly acquired Freehold Raceway in 1999 for $46 million.
Now, more than 20 years later, Penn National is one of the largest regional casino operators in the US, with gaming properties in 19 states. Greenwood is the parent company to Parx Casino outside Philadelphia.
As for sports betting, Penn National has partnerships with DraftKings, PointsBet, and The Stars Group. Parx is using a turnkey third-party sports betting platform from its technology provider, GAN.
Pennwood hasn’t said which company it might use for sports betting at Freehold. DraftKings, PointsBet, and Stars are already operational in New Jersey.
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