Following permission from the Maryland Lottery and Gaming Control Commission, Penn National Gaming has completed the acquisition of Hollywood Casino Perryville’s operations.
The company agreed to a $31.1 million cash transaction with Gaming and Leisure Properties in December last year to acquire the operations of the Hollywood Casino Perryville.
Penn National Gaming has signed a lease with GLPI for the facility’s real estate assets, with an annual rent of roughly $7.77 million.
Maryland gaming market
Jay Snowden, president and CEO of Penn National said: “Penn National is excited to re-enter the strong Maryland gaming market and to once again operate Hollywood Casino Perryville, a property we developed in 2010.
“Today’s acquisition of the operations of Hollywood Casino Perryville adds a twentieth gaming jurisdiction to our leading nationwide footprint.”
Allie Evangelista has been hired general manager of Hollywood Casino Perryville by Penn National. Evangelista formerly held the same position at Penn National’s Hollywood Gaming at Mahoning Valley Race Course in Ohio.
In addition, Matt Heiskell, the current general manager of Hollywood Casino Perryville, will now be in charge of operations at Hollywood Casino Tunica and 1st Jackpot Casino in Mississippi.
Snowden concluded: “We are thrilled to welcome both new and former team members to the Penn National family, and look forward to hitting the ground running in what promises to be an exciting time following the recent legalisation of sports wagering in Maryland.
“This acquisition provides yet another opportunity for Penn National to expand our unique omni-channel platform as we expect to introduce a Barstool Sportsbook-branded retail sports book at Hollywood Casino Perryville and mobile app to players across Maryland.”