![]() That brings the total to $575 million of a total budget of about $850 million, said Snowden. Penn may elect to receive up to $350 million of funding from Gaming & Leisure for real property improvements. Gaming and Leisure will provide up to $225 million at a 7.75% cap rate for the Aurora project. To create a new master lease that would include the two new facilities in Aurora and Joliet, as well as Hollywood Columbus (OH), Hollywood Toledo (OH), the M Resort (NV), the Meadows (PA) and Hollywood Perryville (MD). Penn has also entered an agreement with Gaming & Leisure Properties Inc. ![]() ![]() ![]() Chief Executive Jay Snowden said he expects the properties to generate strong free cash flow returns, cementing its casino properties at the core of tis omni-channel approach to entertainment. And while theres no hotel onsite, plenty of other nearby. Said Monday it’s planning to relocate riverboat casinos in Aurora and Joliet, Illinois, to land-based facilities and to build a new hotel at Hollywood Columbus in Ohio, and a second hotel tower at the M Resort in Henderson, Nevada. In addition to the track, visitors will find 2,000 slot machines, 52 table games and five restaurants. ![]()
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