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 Nationalā€™s plan to purchase Harrahā€™s casino in St. Louis. The deal will add $700 million to Penn Nationalā€™s $2 billion debt. That deal is expected to be finalized in four to six months.