WHSV - Entertainment - Headlines

WV Casino Already Benefiting from Table Games

Posted: Thu 3:18 PM, Jul 22, 2010

Its owners say the Hollywood Casino at Charles Town Races is already benefiting from table games that opened earlier this month.

In a filing with federal regulators Thursday, parent company Penn National Gaming Inc. said the renovated property immediately saw a boost in both the number of visitors and revenues.

That may bode well for Penn National's third-quarter earnings results.

The company's second quarter profit fell from $28.5 million last year to $9.2 million for the period ending June 30.

The filing shows net revenue at Charles Town was $112.4 million, down from $121.4 million in the same period last year.

The company also says it's spent about $13 million of a planned $40 million on renovations, expansions and hiring at Charles Town.

©2010 The Associated Press. All rights reserved.


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