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Hollywood Casino Toledo Opens, Bringing Premier Gaming, Dining And Entertainment To Northwest Ohio

Stocks in this article: PENN

Glitz, glamour and red-carpet service were rolled out today in Northwest Ohio as Penn National Gaming (Nasdaq: PENN) opened its highly-anticipated Hollywood Casino Toledo. Penn National Chairman and Chief Executive Officer, Peter Carlino, was joined at a ribbon cutting ceremony by Toledo Mayor, the Honorable Michael Bell; Ohio Casino Control Commission Chair, Jo Ann Davidson; and, television star and Toledo native, Jamie Farr. Overlooking the Maumee River just west of I-75 in Toledo, the $320 million state-of-the-art casino offers Las Vegas-style gaming and amenities, all on a single floor.

In addition to its $50 million state license fee, the new gaming and entertainment facility is expected to generate in excess of $65 million of annual recurring taxes and attract more than 2.8 million guests a year. Hollywood Casino Toledo has created more than 1,300 new full and part-time positions, with 90 percent of the facility’s workforce coming from the Toledo region.

Peter Carlino commented, “We are grateful to the State of Ohio and the Ohio Casino Control Commission for their work to make this day possible, and we are proud of the partnerships we have established with the cities of Toledo and Rossford and Lucas County to bring new jobs and tax revenues that are driving an economic recovery in the region.

“This spectacular casino marked by luxurious design and modern grandeur offers guests a regional destination with premier gaming, dining and entertainment options as well as the convenience of a dynamic, single floor layout, all at the crossroads of Northwest Ohio. Just seconds from I-75 and its nearby intersection with the Ohio Turnpike, Hollywood Toledo is in a convenient and easily accessible location for players from Michigan, Indiana, elsewhere in Ohio and beyond.”

Casino Design

Hollywood dreams come to life for guests as they set foot onto the casino floor and surrounding dining areas which feature elegant chandeliers, art deco columns and classic movie posters from the Golden Age of Hollywood. A giant video ribbon featuring the latest video and audio technology displays movie trailers, vintage commercials and animation while flat panel monitors and video trees interspersed among slots and table games allow guests to enjoy entertainment programming and live sports as they play.

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