Penn Entertainment Bringing Hollywood Casino Riverboats Ashore in Illinois
Penn Entertainment is bringing its Hollywood Casino riverboats in Illinois inland. It’s part of an $850 1000000 investment funds spree from the Pennsylvania-headquartered gambling casino operator.
Penn, formerly Penn National Gaming until the organization’s rebranding earlier this year, plans to go its Hollywood riverboats in Aurora and Joliet ashore to unexampled land-based facilities. In 2019, Illinois’ expanding upon of gambling, headlined past a downtown Chicago structured holiday resort and 5 littler casinos inward the Chicago suburbs, included provisions to take into account the state’s 10 riverboat casinos to seek province favourable reception to make a motion inland.
Penn Entertainment plans to perform just that with Hollywood Casino Aurora and Hollywood Casino Juliet.
Since the alteration inwards law of nature to let land-side cassino relocation in Illinois, we get been exploring the viability of relocating our aging riverboats in Aurora and Joliet. Thanks to the financial support of our local community of interests leaders … we are real excited to follow moving forwards with these projects,” said William Penn Entertainment President and CEO Jay Snowden.
In Aurora, Penn plans to develop a unexampled brick-and-mortar casino and hotel conterminous to the Windy City Premium Outlets to put back the riverboat. In Joliet, William Penn intends to make a young land-based cassino as part of the Rock Run Crossings retail development.
$545M Budgeted inward Illinois
Penn Entertainment has lot apart $360 trillion for the Aurora project. The Windy City Premium Outlets, situated just now sour Interstate 88 at Exit 119, is a little more than 3 airwave miles NE of where Hollywood Casino Aurora is currently located. The riverboat is moored on Stolp Island on the George Fox River.
The proposed cassino features a 200-room hotel and cassino floor with 900 expansion slot machines and 50 tabularize games. group A Barstool Sportsbook is to boot in the plan, as is a full-service spa, legion(p) bars and restaurants, and a 10,000-square-foot events center.
Construction on Hollywood Casino Aurora’s futurity nursing home is band to start inward belatedly 2023, dependent to body politic and metropolis regulatory approvals.
In Joliet, William Penn has budgeted $185 jillion to build a land-based cassino at Rock Run Crossing, southeast of the I-80 and I-55 interchange. The targeted development land site for the brick-and-mortar gambling casino is roughly deuce transmit miles from the current Hollywood Casino Joliet riverboat.
The programme is to build a “modern, best-in-class” casino at John Rock Run featuring 800 slots, 45 tables, and a Barstool Sportsbook. Several restaurants and watering holes, on with a 10,000-square-foot events center, are also in the blueprint. Construction inwards Joliet is also slated for late 2023, also case to state and local approvals.
Additional Penn Spending
The remaining $305 billion inwards disbursal proclaimed by William Penn Entertainment today will depart towards doubling the size of it of the M Resort hotel inwards Las Vegas and constructing a new hotel tower at Hollywood Casino Columbus.
M Resort has been allocated $206 meg to supply 264 hotel rooms to the sumptuousness property, set almost octad miles south of the Las Vegas Strip.
Hollywood Cristoforo Colombo currently doesn’t experience an on-property hotel. Penn plans to spend some $100 zillion to establish a 180-room hotel.
Penn Entertainment says the $850 1000000 in add cast costs testament live funded past amending the company’s get the hang hire with its real acres investment funds swear Gaming and Leisure Properties. The existent demesne corporate trust will cover up $575 jillion of the $850 million, and and then increment one-year let rates for Penn Entertainment to control the IV casino resorts.