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PENN Entertainment Celebrates Grand Opening of Hollywood Casino Joliet

1. Grand opening of Hollywood Casino Joliet, a $185 million investment by PENN. 2. Replaces an outdated riverboat casino, signaling PENN's growth strategy.

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FAQ

Why Bullish?

The investment in Hollywood Casino Joliet signifies a commitment to expansion. Similar past openings had a positive effect on PENN's stock trajectory.

How important is it?

The grand opening highlights PENN's strategic growth in gaming, likely appealing to investors and driving stock performance.

Why Short Term?

Initial revenue from the new casino could positively impact earnings relatively quickly, similar to past casino openings boosting revenue in first quarters post-launch.

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BYDMGMLVS
WYOMISSING, Pa. & JOLIET, Ill.--(BUSINESS WIRE)--Today marks the grand opening of Hollywood Casino Joliet, the all-new, land-based property by PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”). The $185 million state-of-the-art casino replaces the former riverboat property that operated on the shores of the Des Plaines River since 1992. Legislators and area dignitaries, Illinois Gaming Board officials, Chicago Bears executives and NFL legend and Joliet native Tom Thayer are join.

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