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May 28, 2021
American casino operator Penn National Gaming Incorporated has announced that it has been given official regulatory approval to take over the running of Maryland’s small Hollywood Casino Perryville property.
The Wyomissing-headquartered firm used an official Thursday press release to detail that the consent from the Maryland Lottery and Gaming Control Commission comes after it inked a definitive agreement in December to acquire the venue’s operations from former owner Gaming and Leisure Properties Incorporated for $31.1 million. The company also revealed that this arrangement is to see it pay the real estate investment trust (REIT) it spun off in November of 2013 some $7.7 million every year in rent.