Penn National secures Ohio location
orward on one of two planned casino projects in Ohio. The Wyomissing, Pa.-based regional casino operator purchased a 44-acre site in East Toledo, Ohio for a planned $250 million casino. The site cost $2.5 million. Penn National plans to open the Hollywood Casino Toledo in the second half of 2012. Ohio voters in November approved a constitutional ballot initiative that allows casino gaming in the state, but a legal challenge has being contemplated. "Closing on the property moves us a major step closer to making Hollywood Casino Toledo a reality," said Eric Schippers, senior vice president of Penn National. Penn National also plans to put a casino in Columbus, Ohio.