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Toledo Casino - News & Updates
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Thursday, August 12, 2010, 11:00am EDT
Penn breaks ground on Toledo casino
BUSINESS FIRST OF COLUMBUS
Penn National Gaming Inc. broke ground on its Hollywood Casino in Toledo Thursday, two years ahead of the planned 2012 opening of the facility and its sister site in Columbus.
The $250 million casino is being constructed on the banks of the Maumee River opposite downtown Toledo and is expected to create 2,100 jobs during construction. Wyomissing, Pa.-based Penn (NASDAQ:PENN) says the 290,000-square-foot casino will employ 1,200 upon opening in the first half of 2012 and feature 2,000 slot machines, 60 table games and a poker room with 20 tables.
Article published October 28, 2010
Despite high hopes, casino's economic payoff not sure bet
By JC REINDL
BLADE STAFF WRITER
Enthusiasm ran high among local government and business leaders this summer as they joined executives from a commercial gaming company to celebrate the ground-breaking for Toledo's first casino.
Yet a close analysis of the economics of casino gambling, in addition to interviews with experts in the gaming field, suggest a more modest long-term economic benefit for the Toledo area.
Standing in the way of a bigger payday is Toledo's time and place in the expansion of commercial gaming.
Once relative novelties in the United States, casinos have evolved into must-have amenities to stop the flow of local dollars to casinos elsewhere.
But Hollywood Casino Toledo may be a little late.
Scheduled to open in the first half of 2012, it will compete with established casinos in Indiana and Michigan, including the three in Detroit often frequented by Toledoans. And it faces forthcoming competition from other Ohio casinos in Cleveland, Columbus, and Cincinnati that voters approved last year with Issue 3.
Casinos projecting fewer gamblers, cutting into expected tax revenue
Date: Monday, February 14, 2011
The developers of Ohio's four casinos are planning to install fewer gambling seats than projected in their successful 2009 campaign, which likely will mean millions less for local governments, the Cincinnati Enquirer reports.
Developers Penn National Gaming Inc. and Rock Gaming LLC are eyeing opening all four sites next year with 11,519 seats, which analysts say would generate up to $1.6 billion in annual revenue. Two years ago, the casinos said they were looking to open with 18,960 seats for a projected revenue haul of $2 billion.
Toledo casino project rolling toward goals
BY JC REINDL
BLADE STAFF WRITER
Frugality is not a welcome virtue when it comes to building Ohio's first casinos. State law requires a minimum cost of $250 million for each of the four voter-approved gambling houses.
The mandated spending, dubbed an "initial investment," is guiding the construction of Hollywood Casino Toledo, the stand-alone gaming complex taking shape off I-75 in East Toledo near the Rossford line.
Top executives named for Hollywood Casino Toledo
Officials of Penn National Gaming said Monday they have filled several key management positions for their new $300 million Hollywood Casino Toledo that will open next year on the East Toledo riverfront.
Mike Galle has been named assistant general manager at the Toledo operations after having served since 2008 as vice president of casino operations at Penn’s Argosy Riverside property in Kansas City, Mo.
Toledo casino: Smokers need not apply
By WTOL-TV (Toledo) via AP
Thursday November 10, 2011 3:45 AM
TOLEDO — Operators of a new casino say they won’t hire smokers to work at gambling tables or elsewhere. Hollywood Casino in Toledo said it will ask applicants whether they use any tobacco products and screen for tobacco in their drug tests. The casino’s human-resources director said operators are looking out for the health of their employees.
READ MORE: http://www.dispatch.com/content/stories/local/2011/11/10/toledo-casino-smokers-need-not-apply.html
Toledo casino opening could be delayed, owner told
BY JIM PROVANCE
COLUMBUS -- State regulators are warning Penn National Gaming Inc. that its tentative plan to open Hollywood Casino Toledo on April 1 is endangered by the refusal of a financial backer's board of directors to submit to background investigations.
READ MORE: http://www.toledoblade.com/State/2011/12/09/Casino-opening-could-be-delayed-owner-told.html
Grand openings of Cleveland and Toledo casinos delayed by state officials
Published: Wednesday, January 04, 2012, 10:00 PM
By Reginald Fields, The Plain Dealer
COLUMBUS, Ohio -- The opening of casinos in Cleveland and Toledo will be delayed for several weeks, and likely much longer, because the required background checks on the gaming operators and vendors are well behind schedule.
READ MORE: http://blog.cleveland.com/metro/2012/01/grand_openings_of_cleveland_an.html
Hollywood Casino moving toward possible May 29 opening
BY JIM PROVANCE
BLADE COLUMBUS BUREAU CHIEF
COLUMBUS — Penn National Gaming and state regulators are operating under the assumption that the $300 million Hollywood Casino Toledo will open its doors to the public with much fanfare on May 29. But that date has not been set in stone. Penn is expected to make its formal pitch in early May before the Ohio Casino Control Commission for a license to operate what is expected to be the second Las Vegas-style casino to open in the state.
READ MORE: http://www.toledoblade.com/local/2012/04/04/Hollywood-Casino-moving-toward-possible-May-29-opening.html
Ohio's 2nd Casino Almost Ready For Its Opening
By: Associated Press | NBC4
Published: May 21, 2012
Operators of Ohio's second casino are ready to show off its slot machines, gaming tables and restaurants. The Hollywood Casino in Toledo will open in just over a week, but developers will be giving the media a preview of the $320 million casino on Monday.
Sadly, this casino's location is the worst planning decision for Toledo in my lifetime.
This COULD have been in the Marina District, on the south side along Main Street and a mere walk across the bridge from downtown. Chinese investor are going to pumping some $300 million into condos and whatnot in the Marina District, and this should have been a focal point in that plan. Not to mention that this casino will not have hotels and they would be just a quick ride across the river.
Or it could have been in Uptown along Monroe and 17th(ish) and helped bring activity into the northern part of downtown and infill the parking lots. It even has the visibility from I-75 and is a gateway into the downtown area.
Instead, they put it a few miles down the river, next to an industrial site and across the river from grain silos. What views!
This is just an epic failure all around.
Gamblers embrace hoopla, high hopes on opening day
BY GABRIELLE RUSSON
BLADE STAFF WRITER
Like a tourist on some far-off vacation, Bruce "Spike" Frueh strolled through the newly open casino floor, camera raised. He videotaped a scantily clad, sparkly showgirl in a feather headdress, the card dealers lined up, and all the flashing television screens in the $320 million Hollywood Casino Toledo.
READ MORE: http://www.toledoblade.com/business/2012/05/29/Casino-employees-wait-for-crowds-to-arrive.html
Yeah... Having seen what's been happening in Toledo and Cleveland, I can safely say I am glad Columbus' will not be downtown.
1 killed 1 injured by driver while walking to Toledo CasinoPosted 10 months ago #
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