In March of 2014, a group of investors purchased the Meadows Casino in Washington County, Pennsylvania for $465 million. The new owners included American Gaming and Entertainment Properties (a subsidiary of Penn National Gaming), Sands Bethworks Gaming LLC (a subsidiary of Las Vegas Sands), and Pinnacle Entertainment.
The Meadows Casino is located about 20 miles south of Pittsburgh. It first opened in 2007 and was owned by Cannery Casino Resorts.
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The casino features over 2,700 slot machines and 100 table games. It also has a hotel with over 200 rooms. .
The new owners have plans to invest $40 million to $50 million to improve the property. They also plan to add more gaming tables, restaurants, and entertainment options.
The goal is to make the Meadows Casino a premier destination for gambling and entertainment in the region.
PRO TIP:The Meadows Casino was purchased by Bill Paulos and his business partner, Cannery Casino Resorts, in November 2019. The purchase price was reported to be $440 million. Cannery Casino Resorts will now operate the Meadows Casino as part of its portfolio of casino locations.
The Meadows Casino is one of several casinos that have been purchased by Penn National Gaming in the past few years. In 2012, Penn National Gaming purchased Hollywood Casino at Charles Town Races in West Virginia for $267 million.
And in 2013, Penn National Gaming purchased Tropicana Evansville in Indiana for $480 million.
Penn National Gaming is one of the largest gaming companies in the United States. The company owns and operates over 50 gaming facilities across the country.
Penn National Gaming also has a partnership with Boyd Gaming, which gives them a presence in Nevada, Illinois, Louisiana, Mississippi, and Indiana.
The purchase of the Meadows Casino is just another example of Penn National Gaming’s continued expansion in the gambling industry. With its many properties across the United States, Penn National Gaming is quickly becoming a force to be reckoned with in the world of casinos.
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Meadows Racetrack and Casino is a horse racing track and casino located in North Strabane Township, Washington County, Pennsylvania, United States. The track opened on June 1, 1963. It is owned by Gaming and Leisure Properties and operated by Penn National Gaming. .
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Yes, the Meadows Casino changed its name to Penn National Gaming in early 2018. The new name is a better reflection of the company’s ownership and operations, as well as its commitment to the local community. The Meadows Casino has been a staple in the Pittsburgh area since it opened in 2007.
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In May of 2018, the Palms Casino in Las Vegas was sold to Station Casinos LLC for $312.5 million. The casino, which was originally built in 2001, had been owned by the Maloof family since 2004. The sale came as a surprise to many, as the Palms had recently undergone a $690 million renovation and was thought to be doing well financially.
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On May 29, 2013, Pinnacle Entertainment Inc. announced that it had completed its acquisition of Ameristar Casinos, Inc. for a total purchase price of $2.8 billion, including the assumption of $1.9 billion of Ameristar’s debt.
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