“We are delighted to announce these exciting new growth projects, which we expect will generate strong free cash flow returns and create long-term value for our shareholders,' Penn Entertainment President and CEO Jay Snowden said in a statement.
The company also plans to relocate its riverboat casinos in Aurora and Joliet, Ill., to new land-based facilities. Casino and racetrack operator Penn Entertainment has announced plans to build a new hotel at the Hollywood Casino in Columbus, Ohio, and a second hotel tower at the M Resort in Henderson, Nev., subject to municipal approvals.
