The Cordish Companies And Penn National Gaming, Inc. - Proposed

Representatives of The Cordish Companies (“Cordish”) and Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National”) tonight presented renderings and additional details of their proposed “Live! Hotel & Casino New York” to the Village of South Blooming Grove Board of Trustees during a regularly scheduled public work session.
The Cordish Companies and Penn National Gaming today released details of their proposed "Live! Hotel ...

The Cordish Companies and Penn National Gaming today released details of their proposed "Live! Hotel & Casino New York." The $750 million project, located in Orange County, New York, in the Village of South Blooming Grove, includes an upscale boutique hotel with over 300 rooms and suites; a destination spa and fitness center; over 3,000 slot machines; more than 250 live table games, including poker; several marquee restaurants; as well as a live entertainment venue and a spacious conference center. The property will be owned and managed by a 50/50 joint venture between the companies. For complete information, visit www.livehotelcasinony.com (Photo: Business Wire)

“We’re excited to share our innovative design for a world-class gaming, dining and entertainment resort that fits the fabric of the local community while maximizing the revenue potential for the Hudson Valley-Catskills Region and the State of New York,” said David Cordish, Chairman of The Cordish Companies.

The $750 million “Live! Hotel & Casino New York” will include an upscale boutique hotel with over 300 rooms and luxury suites; a destination spa and fitness center; over 3,000 slot machines; more than 250 live table games, including poker; several marquee restaurants; as well as a live entertainment venue and a spacious conference center. The facility will serve as a regional economic engine, creating more than 4,000 permanent local jobs and nearly 3,000 construction jobs. In addition, it will drive increased visitation to Orange County and the entire Hudson Valley through cross-marketing agreements and local partnerships with area businesses and entertainment venues.

If you liked this article you might like

Penn National Gaming, Wynn Resorts: 'Mad Money' Lightning Round

Valuation Is in the Eye of the Buyer: Cramer's 'Mad Money' Recap (Tuesday 4/4/17)

Bullish and Bearish Reversals for This Week

Five Stocks Breaking Out of Weekly Technical Chart Patterns

Carnival, Network Appliance, Schlumberger, Randgold: 'Mad Money' Lightning Round