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Penn National Gaming Inc. Message Board

  • tsterni45 tsterni45 Mar 15, 2013 9:52 PM Flag

    Why Penn wants 2 racinos within 20 miles

    In Youngstown and New castle pa. The letter from Mr. Crawford also acknowledged what the Pittsburgh Post-Gazette first reported in February -- that Endeka is in talks with casino giant Penn National to operate, and perhaps buy a piece of, the harness racing operation, in exchange for financing.
    That Penn National Gaming Inc. -- the Reading, Pa., casino company that operates racetracks across the U.S. -- is a potential partner to Endeka is notable in that Penn is also looking to build a casino right across the border from New Castle, near Youngstown, Ohio.

    Penn intends to move one of its Ohio racing licenses cross-state, and intends to build a new $125 million horse track and video lottery terminal facility -- similar to a slots casino -- with plans to open by 2014.
    The Youngstown-area casino would be just 20 miles away from the New Castle casino, and Ohio's tax structure is more favorable to gaming operators than Pennsylvania's.

 
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