Penn
National Plans to Reopen Casinos
As reported by the Patriot News:
"Penn National Gaming Inc. hopes to reopen
its two Mississippi casinos destroyed by Hurricane
Katrina before the end of the year.
"The
company said Wednesday it plans to open a 30,000-square-foot
temporary casino in Bay St. Louis, Miss., and
reopen its barge in Biloxi, Miss., during the
fourth quarter. Both casinos have been closed
since Katrina came ashore last August.
"Insurance
proceeds are expected to cover the costs of
reopening both casinos.
"Peter
M. Carlino, Penn National chairman and CEO,
said the Biloxi barge is in transit for repairs.
He said the goal is to return the barge to operation
at the same location.
"Meanwhile,
he said, the company is looking for land away
from its current site for a possible new casino
in Biloxi…"
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