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Friday, September 08, 2006

Maine Casino Complex Budget Grows

As reported by the Bangor Daily News: "The project budget for Penn National
Gaming Inc.'s permanent gaming complex has grown from $72 million to $90
million, members of the company's development team said Wednesday during a
briefing for city officials. "'That's not driven by our development
agreement with the city; that's our commitment to Bangor,' Penn National
spokesman Eric Schippers said after a presentation for members of the City
Council's business and economic development committee. ".The proposed
permanent gambling complex would replace the interim Hollywood Slots at
Bangor facility that the company opened in November with 475 slot machines
at the former Miller's Restaurant building on Main Street. "The new, larger
Hollywood Slots is slated to open in mid-2008, Hollywood Slots' General
Manager Jon Johnson said. "The new gambling facility will include, among
other things, a 116,000-square-foot gaming facility housing 1,475 slots, a
1,500-space four-story parking garage."

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