Penn National Gaming (PENN) Granted Category 1 Slot Machine License in Pennsylvania
More News related to PENN
- Ohio Voters Approved Gaming Expansion, Positive for Penn National (PENN)
- Penn National Gaming Announces a Community Relations Advisory Agreement with Russell Simmons and Labor Framework Agreement with New York Hotel & Motel Trades Council, AFL-CIO
- Trading Outlook for MGM Mirage Issued by InvestorSoup.com
- Casino Developers Pledge 90 Percent Local Jobs, Workforce That Reflects Community Diversity
- Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011
Penn National Gaming, Inc. (Nasdaq: PENN) announced that the Pennsylvania Gaming Control Board (PGCB) has granted the Company a conditional Category 1 slot machine license for the placement of slot machines at its planned Hollywood Casino racing and gaming facility at the Company's Penn National Race Course.
Penn National commenced construction of its planned, permanent Hollywood Casino racing and gaming facility in Grantville, Pennsylvania in August 2006. The project's $310 million budget includes a $50 million license fee and $260 million for construction and the purchase of an initial 2,000 gaming devices. The Company anticipates opening Hollywood Casino at Penn National by early 2008
Related Categories
Corporate NewsStocks Mentioned
+0.22Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
