This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Penn National Gaming In Discussions With Tewksbury, Massachusetts Town Officials To Develop Slot Parlor Budgeted At More Than $200 Million

Penn National Gaming, Inc. (Nasdaq: PENN) and the Town of Tewksbury announced today they are in discussions regarding a slots-only facility project, budgeted at more than $200 million, that would be located at 300 Ames Pond Drive, near the intersection of Interstate 495 and State Route 133. Penn National’s proposal for the 30-acre site will include its marquee Hollywood casino brand, multiple dining options, and other amenities.

“We are encouraged by the preliminary discussions we’ve had with town leadership and hope to quickly come to an agreement on a project that would bring significant economic benefits to Tewksbury and the entire Merrimack Valley region in the form of new jobs and revenue,” said Eric Schippers, Senior Vice President for Public Affairs at Penn National Gaming.

“Penn National Gaming is one of the nation’s largest regional casino operators and has an established record of building strong community partnerships and delivering on their commitments,” said Richard Montuori, Tewksbury Town Manager. “We are excited about their interest in Tewksbury.”

“The economic benefits to Tewksbury from a project of this size and scale would be substantial,” said Scott Wilson, Chairman of the Tewksbury Board of Selectmen. “This is an important economic development opportunity that we need to fully explore.”

Penn National representatives will be presenting to Town Selectmen on Tuesday, July 16 at 7:00 p.m. Applications for the state’s sole slot license must be submitted to the Massachusetts Gaming Commission by October 4 th, 2013, following passage of a referendum in the applicant’s host community.

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The Company presently operates twenty-eight facilities in eighteen jurisdictions, including Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's operated facilities currently feature approximately 34,500 gaming machines, approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million square feet of gaming floor space.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs