Penn National Gaming Brings Casino Magic Back to Life

In the pre-Hurricane Katrina Era, there was a very well-known casino on the Gulf Coast under the name Casino Magic. Now, the casino is coming back to life and is reopening as the Hollywood Casino.

Penn National Gaming (NASDAQ: PENN), the parent company, renamed the property to "Hollywood Casino" as a way of rebranding the casino. The casino was originally named "Magic" when acquired from Pinnacle Entertainment, a company based out of St. Louis.

According to the AP, Penn National Gaming also has plans to build a brand new gambling casino in the near future. They're gambling barge suffered major damage and will be completely taken apart and scrapped.

The Gulf Coast has seen a tremendous rebound as tourism numbers have increased dramatically and several casinos have reopened including the Beau Rivage (MGM Mirage) last week.

September 6, 2006
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!