“We look forward to a full year benefit of operations at Hollywood Casino St. In addition to the acquisition, Penn has named former Harrah’s executive Tony Carlucci as the vice president and general manager of the new casino. The casino is situated along the Missouri River and features 109,000 square feet of gaming space, 2,100 gaming machines, 80 table games, a 500-room hotel, dining/entertainment venues and parking for 4,644 vehicles. Penn has budgeted $61 million to rebrand and upgrade the casino, which includes updating the gaming floor with 400 new slot machines and aligning the facility’s IT system with Penn’s existing systems. “Our planned facility upgrades include the introduction of Penn National’s Hollywood brand - which has been successfully deployed at 13 other properties across the country - and will invoke the glamour of 1930s’ art deco Hollywood.” Louis further expands and diversifies Penn National’s regional operating platform with a facility that is extremely well-positioned in another large, stable metropolitan market,” says Peter Carlino, CEO of Penn National. ![]() Penn will rebrand the casino, located in Maryland Heights, as Hollywood Casino St. Louis gaming and lodging facility from Caesars Entertainment (Nasdaq: CZR) for approximately $610 million. (Nasdaq: PENN) has completed its acquisition of the stock of the Harrah’s St.
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