
Penn National Taking Their Time
With the
advent of slot machine licenses being issued in Pennsylvania right
around the corner, Penn National is just waiting to get their hands on
their approval. They have been hesitant to do much in the way of
getting ready for the slot machines, but have done some construction.
They tore down the old grandstand in the spring, and now betters have
to watch the horse racing from a nearby building. But that is really
all they have done.
They are
planning on building quite a bit; they are putting in a five story
casino called the Hollywood Casino – to the tune of $300 million.
There will be restaurants, bars, lounges, concessions, a new
grandstand, etc. – as well as 3,000 slot machines. It is not planning
on opening until December 2007.
They have done
very little to get ready for the advent of slot machines, and unlike
others in the casino industry, have not even created a temporary
casino site that they could use to bring in their slot machines to
start bringing in revenue. They believe that they are going about it
the right way, as although they will be the last to offer slot
machines, they will be the first to open a permanent casino structure.
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machine, slot machine, slot machine
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