This new Casino name sounds a bit too much like toilet.
WYOMISSING, Pa. & JOLIET, Ill., December 12, 2023--(
BUSINESS WIRE)--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for
the future Hollywood Casino Joliet on December 13, 2023 at 2 pm CT. The entirely new land-based casino and entertainment facility will replace the Company’s nearby riverboat casino when completed.
The $185 million regional destination will anchor RockRun Collection, a new super-regional commercial and residential development, conveniently located adjacent to the Interstate 80 and Interstate 55 interchange in Joliet and projected to have 230,000 passing vehicles daily. The best-in-class facility will feature approximately 850 slots and 44 live table games, including a baccarat room, a retail sportsbook, high quality bars and restaurants, an approximately 10,000 square foot event center with meeting areas, and approximately 1,330 parking spaces. The Company expects to create 450 construction jobs and 515 permanent jobs at the new facility, growing PENN’s current team in Joliet by 150 team members.
"We are very excited to be moving forward with construction on a new, state-of-the-art Hollywood Casino Joliet in an ideal location," said Jay Snowden, CEO and President of PENN Entertainment. "Our close proximity to two interstates and surrounding mixed-use development will offer our modern facility with exceptional visibility and accessibility in the highly attractive Chicagoland market."
The move onto land was predicated by a law signed in 2019 that allowed for riverboat casinos to relocate landside. The existing Hollywood Casino Joliet, which is located on the Des Plaines River, will maintain its normal operations while the new land-based facility is constructed, which is anticipated to take approximately 24 months.