Penn National secures casino location in Toledo, Ohio
The courts may still weigh in, but Penn National Gaming is moving forward on one of two planned casino projects in Ohio.
The Wyomissing, Pa.-based regional casino operator purchased a 44-acre site in East Toledo, Ohio for a planned $250 million casino. The site cost $2.5 million.
Penn National plans to open the Hollywood Casino Toledo in the second half of 2012.
Ohio voters in November approved a constitutional ballot initiative that allows casino gaming in the state, but a legal challenge has being contemplated.
“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.
Penn National also plans to put a casino in Columbus, Ohio.
