Berks

Penn National Gaming OK'd to acquire Pittsburgh-area casino

HARRISBURG, Pa. - Berks County-based Penn National Gaming has gotten the formal OK to operate its second casino in Pennsylvania.

The Pennsylvania Gaming Control Board announced Friday that it has approved The Meadows Casino's slot machine license being transferred to Penn National from Pinnacle Entertainment.

Penn National will pay the state a "change of control fee" of $3.75 million.

The Meadows is located in Washington County, southwest of Pittsburgh, and includes a casino, racetrack, and hotel.

Penn National, headquartered in Wyomissing, announced an agreement in December to acquire Pinnacle for $2.8 billion. When finalized, the deal will make Penn National the largest gaming operator in the United States.

Penn National also operates the Hollywood Casino at Penn National Race Course in East Hanover Township, Dauphin County, near Harrisburg.


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