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Penn National Gaming Wins Endorsement of Sumner County Commissioners for Proposed Hollywood Casino in Wellington, Kansas.
WYOMISSING, Pa. & WELLINGTON, Kan. -- Penn National Gaming, Inc. (Nasdaq: PENN) announced today that it received the unanimous endorsement of the Sumner County Commissioners for its proposed $365 million Hollywood Casino Resort in Wellington, Kansas.
The endorsement came at the end of a highly-competitive review process instituted by the Sumner County Commissioners whereby interested applicants vying to develop a destination casino resort in Sumner County submitted proposals by November 28 to the County Commissioners, followed by in-person presentations on December 10 and 11. Under the State's new Gaming Act, an endorsement of the host county is a prerequisite in negotiating for, and ultimately securing, a state lottery gaming facility management contract.
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Source: HighBeam Research, Penn National Gaming Wins Endorsement of Sumner County Commissioners...
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