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Penn Nat'l buys in Bangor

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December 31, 2006 Send To A Friend  | Print View

Penn National Gaming Inc. has completed the final land purchase necessary to build a permanent slot machine center near the Bangor Raceway, according to AP reports.

The 116,000-square-foot casino will open with 1,000 slot machines and will have the capacity for up to 1,500. It will also have a hotel, three restaurants, an entertainment lounge, a gift shop and a parking garage for 1,500 vehicles.

Hollywood Slots already has proven to be a success with an average of about 2,400 people coming through the doors each day.

More than $520 million in wagers have been placed, although most of it is "churned" money that is bet over and over again. For the first 12 months of the year, gamblers lost $35.2 million in wagers, officials said.

Gambling opponents are still working to put Hollywood Slots out of business. The No Slots for ME! group is collecting signatures to force a vote next November asking Mainers if they want to ban all slot machines in Maine.(boston.com)

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