Penn National Gaming purchases site for Toledo casinoWritten by Kristen Criswell | | email@example.com
Penn National Gaming, Inc. announced Dec. 30 that it purchased 44-acres of land at 1968 Miami St. for the proposed Hollywood Casino Toledo.
“Closing on the property moves us a major step closer to making Hollywood Casino Toledo a reality,” said Eric Schippers, senior vice president of Penn National. “We’re eager to move forward and excited that this project will bring thousands of construction and permanent jobs to the Toledo area, as well as tens of millions of dollars for the city of Toledo as well as all of the counties and school districts in Northwest Ohio.”
The proposed casino will cost $250 million and is expected to open in the second half of 2012. Ohio authorized the gaming in Toledo with the successful passing of Issue 3.