New York-listed Penn National Gaming has been selected to operate video gaming terminals (VGTs) for Pennsylvanian convenience store Rutter’s.
Rutter’s has chosen Marquee by Penn, an affiliate of Penn National Gaming, to operate VGTs at twenty stores across the state which are expected to initially qualify to host VGTs.
Under the state’s gaming expansion law signed by Governor Wolf in 2017, establishments that meet certain criteria are eligible to host up to five VGTs inside their stores. Maximum bets are set at $5 with a maximum payout of $1,000.
“Rutter’s is a proud, Pennsylvania-based company with a storied history in the Commonwealth and a proven commitment to the communities in which we serve,” said Rutter’s president & CEO Scott Hartman. “Penn National shares these same attributes, and we look forward to partnering with them to provide our customers the opportunity to enjoy playing VGTs at a number of our locations throughout Pennsylvania.”
Penn National has received a conditional license from the Pennsylvania Gaming Control Board (PGCB) to act as a terminal operator and expects to provide VGTs at Rutter’s locations, subject to final regulatory approval by the PGCB.
“We look forward to working with Rutter’s to introduce VGT gaming in the Commonwealth,” said Penn National Gaming senior vice president of regional operations John Finamore. “Like Rutter’s, we started with a single facility in central Pennsylvania.
“Today, we are the largest regional gaming operator in the United States with a demonstrated track record of providing quality entertainment and customer service. We are excited to combine our expertise with Rutter’s established success in the convenience store industry to offer VGT gaming at their qualified locations.”
Rutter’s began as a dairy business 98 years ago and opened its first convenience store in 1968. The company currently owns and operates over 70 convenience stores in Pennsylvania, West Virginia and Maryland.
Shares in Penn National Gaming Inc (NSQ:PENN) closed up 6.28 per cent at $22.51 per share in New York Monday.