WYOMISSING, Pa. & JOLIET, Ill.--(BUSINESS WIRE)--Today marks the grand opening of Hollywood Casino Joliet, the all-new, land-based property by PENN Entertainment, Inc. (Nasdaq: PENN) (âPENNâ or the âCompanyâ). The $185 million state-of-the-art casino replaces the former riverboat property that operated on the shores of the Des Plaines River since 1992. Legislators and area dignitaries, Illinois Gaming Board officials, Chicago Bears executives and NFL legend and Joliet native Tom Thayer are join
Related Questions
How will the grand opening affect PENN's revenue forecasts for the upcoming quarter?
What incremental net gaming revenue is expected from the new landâbased Hollywood Casino Joliet compared to the former riverboat operation?
How will the $185âŻmillion capital expenditure be reflected in PENN's upcoming earnings and cashâflow statements?
Will the new property increase PENN's market share in Illinois relative to competitors such as Rush Street, Caesars, and Boyd Gaming?
What operating margin targets does management have for Hollywood Casino Joliet during its rampâup period?
How might the involvement of local legislators, Illinois Gaming Board officials, and NFL legend Tom Thayer influence brand visibility and foot traffic?
Are there any regulatory or licensing risks associated with converting the riverboat casino to a landâbased facility?
What impact will the opening have on PENN's sameâstore sales growth metrics and comparable store performance?
What is the projected timeline for the Hollywood Casino Joliet to achieve profitability and breakâeven on its initial investment?
How is analyst sentiment likely to shift following the grand opening, and could this affect the stock's target price or valuation multiples?