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HOME > NEWS > Investor News > Penn National Gaming files application for Hollywood Casino York

Penn National Gaming files application for Hollywood Casino York

12 September 2018

(PRESS RELEASE) -- Penn National Gaming, Inc. announced today that it has filed an application with the Pennsylvania Gaming Control Board (PGCB) for Hollywood Casino York, the company’s first Category 4 satellite gaming facility, to be located at the York Galleria Mall in Springettsbury Township, Pennsylvania.

The development of Hollywood Casino York represents an overall investment of nearly $120 million, including the Company’s $52.6 million Category 4 slots and table games license fees. Hollywood Casino York, which will initially open with approximately 500 slot machines and 20 tables games, has been designed to accommodate up to 750 slot machines and 40 table games. In addition, the facility will feature a casual dining restaurant and sports bar, a small entertainment lounge, and a “grab-and-go” eatery. Hollywood Casino York will generate approximately 200 new permanent local jobs and more than 75 construction jobs. The construction timeline is anticipated to be approximately 12-18 months following receipt of all requisite approvals, including final licensing by the PGCB.

“We believe the York Galleria Mall, which is a well-known retail destination in York County, is an ideal site for our planned Hollywood Casino York,” said Timothy J. Wilmott, Chief Executive Officer for Penn National Gaming. “We explored numerous other potential opportunities within York County, but the mall’s convenient location, existing infrastructure and ample parking, as well as the support of Springettsbury Township officials and the local business community, helped cement our decision.”

Penn National was awarded the Commonwealth’s first Category 4 license on 10 January 2018. Category 4 gaming facilities are authorized by law to host up to 750 slot machines and 40 table games, and tax revenue is dispersed at the state, county and local level. Springettsbury will receive 2% of gross tax revenue on slot machines and 1% from table games.

“Penn National Gaming has been proud to call Pennsylvania home for over 45 years,” said Wilmott. “We look forward to adding hundreds of new team members in York County and becoming another economic engine for Springettsbury and the greater York business community.”

 
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