But it's receipts are up nearly 7 percent over last year, which means it's a good time to sell. The sale culminates Dan Gilbert's Greektown turnaround that started in Matt Cullen runs Gilbert's gambling and entertainment arm. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers. Specifically, forward-looking statements include, among others, statements concerning: the expected opening date of the sportsbook at Greektown Casino-Hotel the actions of regulatory, legislative, executive or judicial decisions at the federal, state or local level with regard to sportsbooks and the impact of any such actions; our ability and the ability of our business partners to obtain and maintain regulatory approvals for the sportsbook at Greektown Casino-Hotel; and our expectations regarding the financial and operational impact of opening a sportsbook at Greektown Casino-Hotel.
Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business, there can be no assurance that actual results will not differ materially from our expectations.
The Company does not intend to update publicly any forward-looking statements except as required by law. The building that is home to the casino was originally owned by fur trapper Traugott Schmidt who used it as a fur processing center. Some of its architectural elements still remain. Over a three-year period, , the casino enlarged its footprint.
And if there's not a willing seller, there is no buyer. Penn National, based in Wyomissing, Pennsylvania, operates 40 casinos and horse-racing tracks in the United States and Canada under the Hollywood Casino brand.
Its holdings include the Hollywood Casino on the west side of I south of Toledo, a second casino in Columbus and two so-called "racinos" — slot machines at horse tracks in Dayton and the Youngstown area.
The company said the addition of Pinnacle properties would "enhance" Penn National's "position as the leading U. Adding Gilbert's Greektown to the Penn National portfolio would give the company a figurative front-row seat to the revitalization of downtown, powered most directly by Gilbert's prodigious wallet and his eye for game-changing projects like the Monroe Block, Hudson's site and his plans for Wayne County's "Fail Jail" site on Gratiot next to Greektown.
Casino gaming has been an integral component of Gilbert's strategy to revive urban cores where his most critical assets operate — downtown Detroit, where he moved his Quicken and affiliated companies starting in and Cleveland, where his beloved Cavaliers play.
0コメント