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PENN Entertainment Announces Plans to Relocate Boomtown Casino New Orleans Riverboat and Construct New $195 Million Landside Hollywood Casino New Orleans

  • PENN Entertainment plans to invest approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans operations from a riverboat to a new landside property.
  • The relocated facility will be rebranded as Hollywood Casino New Orleans, pending regulatory approval from the Louisiana Gaming Control Board & Jefferson Parish Council.
  • The project expects to open in 2029 & will feature roughly 140,000 square feet of development, 875 slot machines, 45 table games, a retail sportsbook, & multiple dining options.
  • The existing riverboat will be vacated upon the new property's opening, while the current hotel operations are expected to remain open.
  • CEO Jay Snowden stated this move represents the company's fourth recent landside relocation, following similar projects in Illinois & an upcoming one in Iowa.
  • The project will be financed primarily through cash on hand, though the company may access its balance sheet or other liquidity sources.
  • PENN Entertainment currently employs over 3,500 people in Louisiana & contributes over $200 million in state & local taxes annually.
  • The existing Boomtown Casino & Hotel New Orleans is located on the West Bank of Jefferson Parish in Harvey & currently offers over 700 slot machines, a poker room, 20+ table games, a 150-room hotel, & an entertainment venue.
  • PENN Entertainment operates in 28 jurisdictions across North America with a portfolio including casinos, racetracks, & online sports betting platforms.