American land-based casino operator Penn National Gaming has announced plans to spend approximately $60 million in order to acquire social online casino games developer Rocket Games Incorporated.
Wyomissing-based Penn National Gaming, which operates over 25 facilities around the United States and Canada including The M Resort Spa Casino in Las Vegas and Ohio’s Hollywood Casino Toledo, revealed that its planned purchase is subject to working capital and other adjustments including potential earn-out payments for the management team at Rocket Games Incorporated over the next two years that has been capped at $110 million.
“Penn National Gaming’s accretive acquisition of Rocket [Games Incorporated] highlights our ongoing strategic initiative to acquire emerging growth pla…