“While we did everything in our control to keep the property profitable over the last two years, increased competition from recent gaming expansion in Arkansas continues to drive the property’s business volumes lower. “With our acquisition of Resorts Casino as part of the two property deal, we knew we were acquiring an aging barge in need of significant capital improvements,” said Al Britton, Penn National senior vice president of regional operations. In addition, Penn National operates Hollywood CasinoTunica, located adjacent to Resorts Casino. It leases the underlying real property associated with the two casinos from Gaming and Leisure Properties, pursuant to the terms of the company’s existing master lease with GLPI. The company acquired the operations of Resorts Casino Tunica, along with Bally’s Casino Tunica (subsequently renamed 1st Jackpot), in March 2017.
Penn National Gaming is to close the Resorts Casino in Tunica, Mississippi, US, effective June 30, 2019.
