The acquisition is expected to be accretive to Penn National'sĬasino and its subsidiaries own and operate Hollywood-themed casino entertainment facilities in Aurora, Illinois, Tunica, Mississippi, and Shreveport, Louisiana.
Additionally, Hollywood Casino Corporation has called for redemption all of its outstanding long-term debt obligations comprised of $310 million ofġ1 1/ 4% Senior Secured Notes and $50 million of floating rate Senior Secured Notes, at 107% and 101%, respectively. As previously announced, Hollywood Casino stockholders are receiving $12.75 per share in cash for each Of Hollywood Casino Corporation (HWD: AMEX). (NASDAQ:PENN) announced today that it has completed the acquisition Wyomissing, Pennsylvania, (March 3, 2003)�Penn National Gaming, Inc. PENN NATIONAL GAMING COMPLETES ACQUISITION
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