The Joplin Globe, Joplin, MO

Business

May 8, 2012

Caesars selling St. Louis casino to Penn National

LAS VEGAS — Caesars Entertainment Corp. says it will sell its Harrah’s hotel-casino outside St. Louis to rival Penn National Gaming for $610 million.

The Las Vegas Review-Journal reports Caesars and Penn National gave different reasons for the all-cash transaction that could close later this year.

Caesars Entertainment Chairman Gary Loveman says the company is looking at other growth markets. Caesars is opening the Horseshoe Casino Cleveland next week and Horseshoe Casino Cincinnati next year.

Penn National Chairman Peter Carlino says Harrah’s St. Louis will be renamed under the company’s Hollywood label. This will be Penn’s second casino in Missouri, although it has others in nearby Alton, Ill., and Kansas City, Kan.

Penn National is opening the Hollywood Casino Toledo in Ohio later in May and Hollywood Casino Columbus later this year.

 

1
Text Only
Business
Poll

Given that the U.S. Supreme Court has ruled that electronic devices and communications are protected from searches and seizure without a warrant, do you think Missouri needs Amendment 9 added to its constitution?

A. Yes.
B. No.
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow