Peter Carlino, Chairman and Chief Executive Officer of Penn National Gaming, commented, “We believe our proposed Hollywood Casino Philadelphia represents the best way forward for both the City of Philadelphia and the Commonwealth of Pennsylvania, and represents a careful consideration of the needs of the local community and the goals of the PGCB. Penn National has an established, long-term record of operation in the Commonwealth and a proven ability to deliver projects on time and on budget that generate attractive revenue and employment for our host communities. We believe our experience in developing first-class gaming and entertainment resorts in urban locations, including most recently Toledo and Columbus in Ohio and Kansas City, Kansas, will enable Penn to quickly deliver on the expectations set out by the PGCB.“Furthermore, given the rising number of recent proposed gaming projects that have not been completed for financial reasons, we believe Penn National’s financial strength and proven ability to complete projects on schedule make us the ideal operator to develop this new gaming and entertainment facility in Philadelphia. We require no additional financing to move forward with our proposal and can fully fund the development and construction of Hollywood Casino Philadelphia with cash flow from existing operations.
Penn National Gaming Submits Proposal For $480 Million Hollywood Casino Philadelphia In The Heart Of The City’s Sports & Entertainment District
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