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Chicago & Midwest  + Greater Chicagoland  + Hospitality  | 

PENN Entertainment to Convert Riverboat Casinos to Land-Based Facilities

PENN Entertainment, Inc. intends to relocate its riverboat casinos in Aurora and Joliet, IL to new land-based facilities and to build a new hotel at Hollywood Columbus in Ohio and a second hotel tower at the M Resort in Henderson, NV. The company will amend its master lease with Gaming and Leisure Properties to facilitate and fund up to $575 million of the approximately $850-million overall project budget. 

“Our plan for Aurora is to construct a modern, best-in-class casino and hotel in an ideal location off I-88 that will allow us to serve the millions of visitors to the adjacent Simon Premium Outlet Mall,” said president and CEO Jay Snowden.  

“In Joliet, our planned casino will be located in the Rock Run Crossings development mixed-use project near the I-80 and I-55 interchange,” he continued. “These two projects will significantly improve our offerings in the highly attractive Chicagoland market.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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