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May 28, 2021 American casino operator Penn National Gaming Incorporated has announced that it has been given official regulatory approval to take over the running of Maryland’s small Hollywood Casino Perryville property. The Wyomissing-headquartered firm used an official Thursday press release to detail that the consent from the Maryland Lottery and Gaming Control Commission comes after it inked a definitive agreement in December to acquire the venue’s operations from former owner Gaming and Leisure Properties Incorporated for $31.1 million. The company also revealed that this arrangement is to see it pay the real estate investment trust (REIT) it spun off in November of 2013 some $7.7 million every year in rent. ....
February 24, 2021 American casino operator Penn National Gaming Incorporated has announced the signing of a deal that is to give it ‘second skin’ access to any future New York mobile sportsbetting and iGaming market. The Wyomissing-headquartered firm used an official Monday press release to detail that the 20-year arrangement was inked with the Capital Region Gaming enterprise of compatriot Rush Street Gaming, which is responsible for the 165-room Rivers Casino and Resort Schenectady. As such and the company declared that its Penn Interactive subsidiary will now be looking to supply iGaming aficionados in ‘The Empire State’ with access to its Barstool Sports-branded mobile sportsbetting app should local lawmakers pass the appropriate legislation and consequently grant it pertinent ‘regulatory approvals.’ ....
December 16, 2020 American casino firm Penn National Gaming Incorporated has announced the signing of a deal that is to see it spend $31.1 million so as to take over the running of operations inside Maryland’s small Hollywood Casino Perryville. The Wyomissing-headquartered firm used an official Tuesday press release to proclaim that the arrangement with the Gaming and Leisure Properties Incorporated real estate investment trust (REIT) it spun off in November of 2013 is expected to close next summer ‘subject to the approval of the Maryland Lottery and Gaming Control Commission’ and also involves an annual rent commitment for the around 75,000 sq ft property of approximately $7.7 million. ....