Toledo Casino License Approved

Toledo Casino License Approved

As expected, the OCCC voted unanimously to give Penn National their gambling license. Toledo Gaming Ventures, LLC, a subsidiary of Penn National that will operate the Toledo casino, was also granted a license. All this despite a last-minute surprise by Penn National. Two days after their May 2nd meeting, the OCCC was told of Penn National’s plan to purchase Harrah’s casino in St. Louis. The deal will add $700 million to Penn National’s $2 billion debt. That deal is expected to be finalized in four to six months.

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