Penn National Gaming Eyes Morgantown for Satellite Casino - News % : News
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Renowned online casino operator, Penn National Gaming Inc. has finally chosen a location for its mini casino project. In an application addressed to the Pennsylvania Gaming Control Board, the operator revealed plans to build a $111 million, 80,000 square foot mini casino on a 36-acre piece of land that is located near the intersection of the Pennsylvania Turnpike and Interstate 176 that connects with Route 422 near Reading.

The application which was filed in late October further revealed that the satellite casino that will be called the Hollywood Casino Morgantown will feature 750 slot machines, 30 table games as well as a sports book, the latter being one of the most anticipated parts of Pennsylvania’s massive statewide gambling expansion plans. This will be a huge boost for the operator which already owns a successful entertainment establishment in the state – the Hollywood Casino at Penn National Race Course near Hershey.

Changing Tides

Initially, Penn National Gaming Inc. was not very welcoming to the idea of satellite casino. However, due to its exposed location, the operator was compelled to get involved but no one would have imagined that it would be as aggressive as it is with the mini casino project. In fact, Penn National was so opposed to satellite casino that it filed a lawsuit against them with the justification being that the establishments would cannibalize its main Harrisburg-based location.

The lawsuit was naturally a long shot and the next logical step for Penn National was to create a buffer around its Hollywood Casino operation by being at the helm of the satellite casino revolution – this it did by scooping up the first mini-casino licenses for a whopping $50.1 million and then subsequently dropping the lawsuit. A few months down the line and it is getting ready to launch its mini casino, something that its officials and the residents of Morgantown seem to be really excited about.

“Hollywood Casino Morgantown is ideally situated to generate new revenues from the more densely populated suburbs to the west of Philadelphia, while further protecting our existing market share at Hollywood Casino at Penn National Race Course,” said Timothy J. Wilmott, Penn National’s chief executive.

Sports Betting on The Way

The NFL season is just about halfway over but sports betting fans are not able to place their bets on the games – this may be about to change very soon. Once again, Penn National Gaming’s Hollywood Casino is set to lead the way for the industry through a sports betting offering that is about to open a business in just a matter of days.

The process has already kicked off with the company having its professional oddsmaker approved – this arguably one of the biggest hurdles experienced by bookmakers before they launch.

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