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Monday, March 4, 2024

Penn Entertainment plans rite for Hollywood on line casino Aurora relocation

Land-BasedPenn Entertainment plans rite for Hollywood on line casino Aurora relocation

The relocation marks a tremendous shift for the company, changing the present riverboat on line casino in Aurora with a brand new land-primarily based totally on line casino, lodge and enjoyment complex.

The $360m improvement might be located adjoining to the Chicago Premium Outlets, recognised for attracting over 8 million annual visitors.

Located close to Interstate 88 in Aurora, the ability will consist of about 1,2 hundred gaming positions, 220 visitor rooms, a retail sportsbook, out of doors enjoyment areas, a spa, bars and restaurants, an occasion centre protecting round 12,000 rectangular feet, assembly areas, and about 1,seven-hundred parking spaces.

The assignment is anticipated to generate seven-hundred production jobs and upload seven-hundred everlasting positions, nearly doubling the cutting-edge team of workers in Aurora.

Jay Snowden, CEO and President of Penn Entertainment, stated: “We renowned the possibility to relocate our assets to an excellent area in Aurora, extensively improving our services and high-quality monetary effect at the community.”

The Aurora improvement concerned the switch of unique land parcels from the town, with up to $50m of the assignment funded with the aid of using the town thru a brand new bond issuance.

The transition to land changed into enabled with the aid of using a 2019 regulation permitting riverboat casinos to shift to land-primarily based totally operations. During the about 24-month production length of the brand new facility, the present Hollywood Casino Aurora, presently located at the Fox River in downtown Aurora, will maintain ordinary operations.

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