{"id":1002547,"date":"2026-09-10T10:24:52","date_gmt":"2026-09-10T14:24:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/"},"modified":"2026-09-10T10:24:52","modified_gmt":"2026-09-10T14:24:52","slug":"penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/","title":{"rendered":"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs<\/b><\/p>\n<p>WYOMISSING, Pa. &amp; COUNCIL BLUFFS, Iowa&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPENN Entertainment, Inc. (Nasdaq: PENN) (\u201cPENN\u201d or the \u201cCompany\u201d) announced today that it will host a groundbreaking ceremony for the future Hollywood Casino Hotel Council Bluffs (\u201cHollywood Council Bluffs\u201d) on Monday, September 14, 2026, at 10 a.m. CT. The new land-based casino is expected to open in 2028 and will replace the Company\u2019s adjacent Ameristar Council Bluffs riverboat casino when completed, pending customary regulatory approvals.<\/p>\n<p>\n\u201cWe are thrilled to be celebrating yet another transition from riverboat gaming to a new best-in-class entertainment destination,\u201d said Jay Snowden, CEO and President of PENN Entertainment. \u201cCoupled with our recent announcement in New Orleans, we continue to prioritize organic growth opportunities with a disciplined approach to strengthening PENN\u2019s competitive position in our markets across the country.\u201d<\/p>\n<p>\nThe new $180\u2013$200 million regional destination will become the 20<sup>th<\/sup> Hollywood-branded gaming facility in the Company\u2019s portfolio and feature approximately 1,000 slots and 25 live table games. Hollywood Council Bluffs will also include two new dining experiences: the first Shake Shack<sup>\u00ae<\/sup> in the Omaha metropolitan area and Red Lotus, a fast casual restaurant featuring made-to-order Asian cuisine, popular noodle dishes and southeast Asian specialties. The new casino will connect to the existing pavilion and hotel with direct access to over 160 hotel rooms, 1853 Bistro and Steakhouse, The Sportsbook Restaurant and Bar, Club 38 VIP Lounge, and Buffet.<\/p>\n<p>\nThe existing riverboat currently employs over 500 team members. Construction of the new facility is projected to take approximately 18-24 months and create roughly 450 new construction jobs. An additional 50 new permanent jobs are expected to be available at the new Hollywood Council Bluffs upon opening.<\/p>\n<p>\nPaul Czak, Vice President and General Manager of Hollywood Council Bluffs, said: \u201cWe are incredibly excited for the future of Hollywood Casino Hotel Council Bluffs. This groundbreaking is a significant milestone on the road to a beautiful new facility that will create hundreds of jobs in the community and provide our guests with an even greater entertainment experience.\u201d<\/p>\n<p>\nArea dignitaries and local stakeholders are expected to attend the groundbreaking ceremony, including representatives from Iowa West Racing Association, the property\u2019s nonprofit partner. All commercial operators in Iowa are required to have an operating agreement with a nonprofit Qualified Sponsoring Organization (\u201cQSO\u201d) in order to conduct gaming operations.<\/p>\n<p>\nHollywood Council Bluffs will be PENN\u2019s third landside relocation in recent years, following the grand openings of Hollywood Casino Joliet and Hollywood Casino Hotel Aurora in Illinois in 2025 and 2026, respectively. The Company also recently announced the proposed relocation and rebranding of its riverboat operations in New Orleans. The new Hollywood Casino New Orleans is expected to open in 2029, pending regulatory approval.<\/p>\n<p>\nPENN is entitled to obtain financing for the project from Gaming and Leisure Properties, Inc. (\u201cGLPI\u201d) (Nasdaq: GLPI) of up to $150 million at a 7.10% cap rate, which may be structured at PENN\u2019s option as either rent or a 5-year loan that is pre-payable at any time without penalty.<\/p>\n<p><b>About PENN Entertainment, Inc.<br \/>\n<br \/><\/b>PENN Entertainment, Inc., together with its subsidiaries (\u201cPENN,\u201d or the \u201cCompany,\u201d \u201cwe,\u201d \u201cour,\u201d or \u201cus\u201d), operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings. PENN\u2019s focus is on organic cross-sell opportunities, reinforced by its market-leading retail casinos, sports media assets and technology, including a proprietary state-of-the-art, fully integrated digital sports betting and iCasino platform, and an in-house iCasino content studio. The Company\u2019s portfolio is further bolstered by its industry-leading PENN Play\u2122 customer loyalty program, offering its approximately 34 million members a unique set of rewards and experiences.<\/p>\n<p><b>Forward Looking Statement<\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as \u201cexpects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cgoal,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201clook forward to,\u201d or \u201canticipates\u201d or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties, including with regards to the project\u2019s budget and opening date. These statements are based upon management&#8217;s current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in PENN Entertainment\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including PENN Entertainment&#8217;s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K for the year ended December 31, 2025. Forward-looking statements speak only as of the date they are made and, except for PENN Entertainment\u2019s ongoing obligations under the U.S. federal securities laws, PENN Entertainment undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260910090025r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260910090025\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260910090025\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Jeff Morris<br \/>\n<br \/>VP, Public Affairs<br \/>\n<br \/>PENN Entertainment, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jeff.morris@pennentertainment.com\">jeff.morris@pennentertainment.com<br \/>\n<\/a><br \/>610\/373-2400<\/p>\n<p>Mike Nieves<br \/>\n<br \/>SVP, Finance &amp; Treasurer<br \/>\n<br \/>PENN Entertainment, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mike.nieves@pennentertainment.com\">mike.nieves@pennentertainment.com<br \/>\n<\/a><br \/>610\/373-2400<\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania Iowa United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Casino\/Gaming Entertainment Restaurant\/Bar Lodging Vacation Destinations Retail Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260910090025\/en\/1535204\/3\/penn_logo_hor_color_rgb_pos_jpg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs WYOMISSING, Pa. &amp; COUNCIL BLUFFS, Iowa&#8211;(BUSINESS WIRE)&#8211; PENN Entertainment, Inc. (Nasdaq: PENN) (\u201cPENN\u201d or the \u201cCompany\u201d) announced today that it will host a groundbreaking ceremony for the future Hollywood Casino Hotel Council Bluffs (\u201cHollywood Council Bluffs\u201d) on Monday, September 14, 2026, at 10 a.m. CT. The new land-based casino is expected to open in 2028 and will replace the Company\u2019s adjacent Ameristar Council Bluffs riverboat casino when completed, pending customary regulatory approvals. \u201cWe are thrilled to be celebrating yet another transition from riverboat gaming to a new best-in-class entertainment destination,\u201d said Jay Snowden, CEO and President of PENN Entertainment. \u201cCoupled with our recent announcement in New Orleans, we &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1002547","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs WYOMISSING, Pa. &amp; COUNCIL BLUFFS, Iowa&#8211;(BUSINESS WIRE)&#8211; PENN Entertainment, Inc. (Nasdaq: PENN) (\u201cPENN\u201d or the \u201cCompany\u201d) announced today that it will host a groundbreaking ceremony for the future Hollywood Casino Hotel Council Bluffs (\u201cHollywood Council Bluffs\u201d) on Monday, September 14, 2026, at 10 a.m. CT. The new land-based casino is expected to open in 2028 and will replace the Company\u2019s adjacent Ameristar Council Bluffs riverboat casino when completed, pending customary regulatory approvals. \u201cWe are thrilled to be celebrating yet another transition from riverboat gaming to a new best-in-class entertainment destination,\u201d said Jay Snowden, CEO and President of PENN Entertainment. \u201cCoupled with our recent announcement in New Orleans, we &hellip; Continue reading &quot;PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-10T14:24:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260910090025r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs\",\"datePublished\":\"2026-09-10T14:24:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\\\/\"},\"wordCount\":916,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260910090025r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\\\/\",\"name\":\"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs - 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(Nasdaq: PENN) (\u201cPENN\u201d or the \u201cCompany\u201d) announced today that it will host a groundbreaking ceremony for the future Hollywood Casino Hotel Council Bluffs (\u201cHollywood Council Bluffs\u201d) on Monday, September 14, 2026, at 10 a.m. CT. The new land-based casino is expected to open in 2028 and will replace the Company\u2019s adjacent Ameristar Council Bluffs riverboat casino when completed, pending customary regulatory approvals. \u201cWe are thrilled to be celebrating yet another transition from riverboat gaming to a new best-in-class entertainment destination,\u201d said Jay Snowden, CEO and President of PENN Entertainment. \u201cCoupled with our recent announcement in New Orleans, we &hellip; Continue reading \"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/","og_site_name":"Market Newsdesk","article_published_time":"2026-09-10T14:24:52+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260910090025r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs","datePublished":"2026-09-10T14:24:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/"},"wordCount":916,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260910090025r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-groundbreaking-ceremony-for-new-hollywood-casino-hotel-council-bluffs\/","name":"PENN Entertainment Announces Groundbreaking Ceremony for New Hollywood Casino Hotel Council Bluffs - 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