hollywood casino at penn national review

“We looked at other sites in the city but determined that our location at 700 Packer Ave. Totaling $480 million, the proposed project is facing competition from two developers who want a Center City site, one who wishes for a Fishtown spot and two who crave a South Philly destination, PHL Local Gaming LLC, which would erect Casino Revolution between South Front and Third streets, with Packer and Pattison avenues as the main thoroughfares, and Stadium Casino LLC, whose principals include The Cordish Companies, a co-owner of Xfinity Live! Philadelphia, 1100 Pattison Ave., eager to build Stadium Casino adjacent to the Holiday Inn, 900 Packer Ave. Principals, including Chairman and CEO Peter Carlino, are contemplating an expansion with 1,000 more slot machines, 40 table and five poker games, more culinary options and parking along with a 500-room hotel.īailey added that Penn National, which acquired the prospective gaming hall territory after conversations with Turf Club personnel, estimates it can help to create 2,000 jobs for what would be its 13th facility with the “Hollywood Casino” appellation.

Penn National’s first phase would feature the above amenities, a 3,500-vehicle-capacity garage, numerous dining options and a 180-seat entertainment lounge for live acts. The board issued a call for proposals in the summer based on its December 2010 revocation of trust in the Foxwoods Casino project, which would have operated on South Columbus Boulevard from Tasker to Reed streets. The Berks County corporation envisions a two-phase plan should it win approval from the Pennsylvania Gaming Control Board, which in the fall received six applications from parties looking to offer as many as 5,000 slot machines and 250 table games.

“As Pennsylvania’s only publicly traded gaming company, we have always had an interest in expanding our investment in our home state,” Penn National spokeswoman Karen Bailey, whose employer runs the Hollywood Casino at Penn National Race Course in Dauphin County, said of its decision to conceive a 100,000-square-foot casino with 2,050 slot machines, 66 live table games and a 15-table poker room. If successful, the company would oversee its second Keystone State site, make use of land on which it holds an option through the adjacent South Philadelphia Turf Club and look to funnel revenue to the School District of Philadelphia and the City’s Public Employees Retirement System. The Wyomissing-based entity, which owns, operates or holds ownership interests in 29 gaming and racing facilities in 18 states and Ontario, Canada, hopes to secure a Category 2 slot machine license to cast Hollywood Casino Philadelphia at 700 Packer Ave.

Hollywood casino at penn national review