Penn National Gaming Acquires A Casino In Maryland
Penn national gaming, inc. Announced the achievement of the final agreement with gaming and leisure properties, inc. For the accuisition of hollywood casino perryville operations in maryland for $ 31.1 million in cash, taking into account the usual revolving capital adjustments. Simultaneously with glpi on real estate facilities related to hollywood casino perryville with an annual rental cost, worth about 7.77 million us dollars.
Jay snowden, present and chief executive officer penn national, said:
"Penn national is glad to purchase hollywood casino perryville, which will allow us to reach the maryland game market again and add twntieth game jurisdiction to our national presence"
"In addition, with the recent approval of sports betting on a referendum, it expected that maryland will become an important market for retail and mobile betting. Thus, this acquisition will give another opportunity to expand our unique multichannel platform at the expense of retail bookmakers and mobile applications barstool ».
It is expected that the deal will be closed in the middle of 2021 in the case of approval by the commission for lottery control and gamibling games of maryland and other conventional conditions.
Source: official website penn national gaming