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Penn National Gaming Acquires Greektown Casino

George Miller
May 27, 2019
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Penn National Gaming Acquires Greektown CasinoReading Time: 1 minute

 

Penn National Gaming, the Pennsylvania based casino operator, has acquired the Greektown Casino-Hotel in Detroit from Jack Entertainment through a $300m cash deal.

Penn has entered into a lease agreement with Vici Properties for the Greektown facility with an initial annual rent of $55.6m and a term of 15 years with renewal options.

The 100,000sq.ft Greektown Casino-Hotel has 2700 slots, 60 table games, poker room, three restaurants, seven fast food outlets, coffee shop and a 400-room hotel.

Penn has operations in 19 jurisdictions with 51,000 slots, 1300 tables and 9000 hotel rooms.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Penn National Gaming Acquires Greektown Casino

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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