Penn National Gaming Gets Regulatory Approval For Hollywood Casino Morgantown

Penn National Gaming, Inc. today received license approval from the Pennsylvania Gaming Control Board and announced that it will soon begin construction of Category 4 Hollywood Casino Morgantown on an empty 36-acre site in Caernarvon Township, Berks County. The planned facility will be adjacent to the intersection of the main roads of Turnpike I-76, I-176, and Morgantown Expressway Rt. 10, Pennsylvania.

“We are very pleased with the unanimous approval today and thank PGCB and its employees for their hard work,” said Timothy J. Wilmot, chief executive officer of Penn National Gaming. “We look forward to beginning the development of Hollywood Casino Morgantown immediately after receiving all the required approvals. The property will be ideally positioned to attract customers west of Philadelphia from the populous suburbs while protecting their existing market share at the Hollywood Casino on Penn National Racecourse.”

The development of Hollywood Casino Morgantown represents an overall investment of nearly $111 million, including licensing fees for real estate slot machines and table games. The roughly 80,000-square-foot facility has 750 slot machines and 30 table games, which can accommodate an additional 10 table games. Hollywood Casino Morgantown also features sports and race books, signature restaurants, entertainment lounges, and food halls. The facility is expected to create about 250 new local jobs and more than 275 construction jobs. The construction schedule is expected to be around 18 months.

Penn National acquired the Commonwealth’s first and fifth Category 4 licenses on Jan. 10 and Apr. 4, 2018, respectively. The Category 4 gaming facility has legal authority to operate up to 750 slot machines and 40 table games, with tax revenues distributed at the state, county, and local levels. Caernarbon Township will receive 2% of total tax revenue for slot machines and 1% for table games. 파워볼사이트

“Hollywood Casino Morgantown will be an economic engine in Carnarvon Township and Burke County, which have been our home for more than 45 years,” said Wilmot. “We have already met with local workforce development agencies to begin the process of identifying future team members, and we look forward to creating about 250 new permanent jobs and 275 construction jobs here in our backyard.”