Peninsula Pacific Entertainment

What Peninsula Pacific Entertainment does

Peninsula Pacific Entertainment (P2E) is a private gaming and entertainment holding company founded in 1999 by Brent Stevens and headquartered in Los Angeles, California. Following a $2.75 billion divestiture to Churchill Downs Incorporated in 2022 — which removed Colonial Downs Racetrack, Rosie's Gaming Emporiums, del Lago Resort & Casino, and Hard Rock Hotel & Casino Sioux City from the portfolio — the company has restructured around two core operating platforms: Kansas Crossing Casino + Hotel in Pittsburg, Kansas (560+ slot machines, 14-16 gaming tables, 123-room Hampton Inn) and Revo Casino and Social House, a five-location charitable gaming operation in New Hampshire. The company is concurrently developing Cedar Crossing Casino & Entertainment Center, a $275 million gaming venue in Cedar Rapids, Iowa, scheduled to open December 31, 2026.

P2E generates revenue through a transaction-based house edge model across slot machines, table games, historical horse racing (HHR) machines, and sports wagering operated via Caesars Sportsbook and DraftKings Sportsbook integrations. Secondary revenue streams include hotel accommodations (a 123-room Hampton Inn at Kansas Crossing), multi-outlet food and beverage operations, and live entertainment programming featuring national touring acts such as Blake Shelton and Journey. The New Hampshire Revo operations function under a state-mandated charitable gaming model requiring 35% of table game revenue to be donated to local nonprofits and 10% to the state, structurally constraining margin but generating regulatory and community goodwill. Combined, P2E properties draw more than 600,000 annual visitors to Kansas Crossing and have contributed more than $100 million to charitable causes and 65,000+ volunteer hours over the past two decades.

The company is led by Brent Stevens (Founder and Chairman), Aaron Gomes (President; former President of MGM Resorts Atlantic City and Australia), Stefan Huba (Chief Development Officer with 25+ years opening landmark properties), Todd Moyer (CMO with 30 years in Atlantic City and Las Vegas), and Dustin Manternach (CFO with CPA credentials and 23+ years in gaming). The company has received corporate credit rating upgrades from both S&P Global (to B) and Moody's (to B3) in October 2021, with disclosed quarterly EBITDA run-rate around $50 million at that period. Regional operating offices are located in LaMotte, Iowa; Ketchum, Idaho; and Northfield, New Jersey, and the company employs 3,300+ team members across its properties.

Name

Peninsula Pacific Entertainment

Legal name

Peninsula Pacific Entertainment

Website

https://www.p2e.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Peninsula Pacific Entertainment is a private gaming holding company that operates Kansas Crossing Casino + Hotel in Kansas and five Revo Casino and Social House charitable gaming venues in New Hampshire, while developing the $275 million Cedar Crossing Casino in Cedar Rapids, Iowa for December 2026 opening.

Ownership category

akta.pro rank

Product category

Casino Gaming & Hospitality

NAICS

Casino Hotels (721120), Casinos (except Casino Hotels) (713210), Other Gambling Industries (713290)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Standalone Casino Properties (Urban/Suburban) (MPAEAAAB)

akta.pro secondary industry

Destination Casino Hotels (THAGAJAC)

Keywords

• Casino gaming operations
• Charitable gaming venues
• Casino resort development
• Historical horse racing
• Sports betting operations

Headquarters

HQ city

La Motte

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Casino Gaming Operations: Core gaming revenue from slot machines, table games, and HHR machines. Revenue generated from house edge on casino games played by guests.
2. Sports Betting: Revenue from sports wagering through Caesars Sportsbook and DraftKings Sportsbook partnerships. Earns a percentage of amounts wagered.
3. Hotel Accommodations: AAA Four Diamond-rated hotel rooms at properties including Hard Rock Hotel & Casino Sioux City and Kansas Crossing Casino + Hotel (123-room Hampton Inn).
4. Food and Beverage: Multiple restaurant and bar outlets across properties including steakhouses, casual dining, entertainment venues, and specialty restaurants.
5. Live Entertainment and Events: Concert series, live performances, and events at entertainment venues. Revenue from ticket sales and increased gaming/dining during events.
6. Charitable Gaming Donations: In New Hampshire, casinos operate under charitable gaming model required to donate 35% of table game revenue to nonprofits and 10% to the state.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Peninsula Pacific Entertainment (P2E) operates premium gaming and entertainment venues across the United States, including the Revo Casino and Social House charitable gaming brand (five New Hampshire locations) and Kansas Crossing Casino + Hotel in Kansas, with the $275 million Cedar Crossing Casino & Entertainment Center under development in Iowa. The properties offer slot machines, table games, historical horse racing, live entertainment, hotel accommodations, restaurants, and sports betting through Caesars and DraftKings partnerships. P2E also channels a meaningful share of gaming revenue into local nonprofit organizations through charitable giving programs.

Product overview

Peninsula Pacific Entertainment (P2E) operates a portfolio of premium gaming venues and entertainment destinations across the United States. The company currently operates Revo Casino and Social House (five charitable gaming locations in New Hampshire), Kansas Crossing Casino + Hotel (Kansas), and Colonial Downs Racetrack and Rosie's Gaming Emporiums (Virginia). Under development is Cedar Crossing Casino & Entertainment Center (Iowa, opening 2026). Previously owned properties include Hard Rock Hotel & Casino Sioux City and del Lago Resort & Casino. The portfolio spans casino gaming (slots, table games), historical horse racing, sports betting (DraftKings, Caesars partnerships), live entertainment/concerts, hotels, and restaurants. The company emphasizes charitable gaming contributions to community nonprofits.

Differentiator

Problem solved

Functional benefit

Brands

• Revo: Charitable gaming brand operating under Revo Casino and Social House in New Hampshire, celebrating the state's independent spirit and revolutionary history.
• Rebels
• Rebels With a Cause
• Players Edge
• Clubhouse by Zach Johnson
• World's Fare
• River's Edge Smokehouse and Tap

Products and services

• Revo Casino and Social House Charitable gaming casino brand operating five locations across New Hampshire (Manchester, Dover, Keene, Lebanon, and Conway). Each location offers slot-like casino games, table games, live entertainment on the Rebel Stage, the Rebels restaurant, and the DraftKings Sportsbook at Dover. P2E donates 35% of table game revenue to local nonprofits and 10% to the state under New Hampshire's charitable gaming framework.
• Kansas Crossing Casino + Hotel $80 million casino and hotel property in Pittsburg, Kansas featuring 560+ slot machines, 14-16 gaming tables, a 123-room Hampton Inn and Suites, the Caesars Sportsbook retail and mobile sports wagering platform, and an outdoor concert venue for live entertainment programming.
• Cedar Crossing Casino & Entertainment Center $275 million gaming and entertainment venue under development in Cedar Rapids, Iowa through the Cedar Rapids Development Group (CRDG) subsidiary. Planned amenities include 700 slot machines, 22 table games, a 1,500-capacity entertainment venue, multiple restaurants (Clubhouse by Zach Johnson, World's Fare, River's Edge Smokehouse and Tap), an Arts & Cultural Center, and a STEM lab. P2E has committed 8% of net adjusted gross receipts to Iowa nonprofits, the highest such commitment in the state. Projected to draw 1.1 million visitors annually and generate $80.2 million in new taxable revenue for Iowa.

Quantifiable outcome

• Cedar Crossing projected to draw 1.1 million visitors annually and generate $80.2 million in new taxable revenue for Iowa
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• iHeartMediaminorGTM or Marketing Partner · 4 February 2025Revo Studio powered by iHeartMedia featuring live radio broadcasts at Revo Casino Conway location. Includes Soundtrack of the Revolution curated music selection.
• Caesars SportsbookcoreTechnology or Integration · 17 May 2023Kansas Crossing Casino + Hotel partnership with Caesars Entertainment for live and mobile sports wagering platform. Includes retail sportsbook at the property and mobile betting app for Kansas customers.
• DraftKings SportsbookcoreTechnology or Integration · 1 January 2021DraftKings Sportsbook integration at Revo Casino Dover location, providing sports betting services in New Hampshire.
• Hard Rock InternationalcoreOEM/ Whitelabel/ Licensing Partner · 11 December 2019Licensing agreement for Hard Rock Hotel & Casino Sioux City brand. P2E acquired remaining 50% stake from Warner Gaming. Property operates under Hard Rock brand standards.
• Iowa-Based ContractorsminorImplementation/ SI/ Consulting PartnerLocal Iowa contractors supporting Cedar Crossing Casino construction in Cedar Rapids.
• Louisiana Coastal Relief & RecoveryminorOthersPartnership for Hurricane Ida relief efforts, providing meals, water, and supplies to affected communities in Louisiana.

Scale indicators21 records

Recent moves11 records

Expansion highlights7 records

Others

• DraftKings: DraftKings is both a partner (DraftKings Sportsbook at Dover Revo Casino) and adjacent digital sports betting/iGaming operator. Relevant to P2E through the omnichannel casino-sportsbook integration thesis and growing iGaming adjacency.

Broad incumbents

• Boyd Gaming: Boyd Gaming is a diversified regional casino operator with 28 properties across 10 states. Boyd previously acquired five Peninsula Gaming casinos for $1.45B and competes in similar mid-market regional gaming segments with P2E.
• Bally's Corporation: Bally's is a multi-jurisdiction casino operator with 14+ properties across the U.S., UK, and Europe, plus the Bally Bet sportsbook. Comparable to P2E through regional casino operations and integrated sportsbook model.
• Penn Entertainment: Penn Entertainment operates 40+ regional casino and racetrack properties across the U.S. with integrated ESPN BET sportsbook. Comparable to P2E through regional casino operations, historical horse racing, and sports betting partnerships.
• Caesars Entertainment: Caesars Entertainment is a national casino and sports betting operator that is both a partner (Caesars Sportsbook at Kansas Crossing) and competitor. Comparable through regional casino operations, sportsbook integration, and hospitality offerings.

Regional players

• Red Rock Resorts: Red Rock Resorts operates Las Vegas locals casinos and Graton Resort in California. Less direct geographic overlap but comparable as a multi-property casino operator focused on regional markets rather than destination Las Vegas.

Direct peers

• Golden Entertainment: Golden Entertainment operates casino and distributed gaming operations across Nevada and Maryland, with a mix of casino resorts and PT's Pub taverns. Comparable to P2E as a regional gaming operator with diversified entertainment and F&B offerings.
• Monarch Casino & Resort: Monarch Casino & Resort operates two destination casino-resort properties (Atlantis Reno and Black Hawk). Comparable to P2E as a smaller, focused regional casino operator developing premium single-asset properties with hotel and entertainment.
• Churchill Downs Incorporated: Churchill Downs (CDI) is a regional casino and racing operator that acquired P2E's Virginia, New York, and Iowa operating assets for $2.75B in 2022. CDI operates similar regional casino properties, historical horse racing, and racing operations — the most directly comparable strategic acquirer and peer in P2E's footprint.
• Full House Resorts: Full House Resorts operates a portfolio of regional casino-resort properties (Silver Slipper, Rising Star, Bronco Billy's, Chamonix, American Place). Directly comparable to P2E's smaller regional operator footprint with greenfield development experience.

Market position

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peninsula Pacific Entertainment