PENN Entertainment Intends To Invest ~$195M To Relocate Boomtown Casino & Hotel New Orleans Riverboat Casino Operation To New Landside Property On Adjacent Land, Rebrand Property As Hollywood Casino New Orleans
PENN Entertainment, Inc. (NASDAQ:PENN) ("PENN" or the "Company") today announced plans to invest approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat casino
PENN Entertainment is spending about $195 million to move its New Orleans casino from a boat to land nearby and give it a new name. When a company invests big money like this, watch if customers like the new location and if it helps make more money over time.
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