Casino Magic Bay St. Louis Expansion Completed
Penn National Gaming, Inc. completed the $37 million expansion of its Casino Magic Real Estate in Bay St. Louis, Mississippi. With the public opening of the 14-story, 291-room Bay Tower Hotel on May 27, Casino Magic Bay St. Louis is the most comprehensive casino resort on the Mississippi Gulf Coast.
Penn National acquired Casino Magic Bay St. Louis in August 2000 and began the expansion project in April 2001.
Commenting on the completion of the project, Peter M. Carlino, Penn National’s chief executive, said, “The Bay St. Louis expansion highlights our strong skills in real estate planning and development and construction management, and highlights our commitment to careful capital investment in our properties. With nearly 500 rooms, great restaurants, 40,000 square feet of casino space, championship golf courses, live entertainment, and many great customer amenities, we believe Casino Magic has emerged as the ultimate resort in the region, and we expect to see solid returns from our investments.”
Located on approximately 600 acres along St. Louis Bay, the new tower hotel includes the Jourdan River Grill, Cypress Cove Ballroom, Spa at the Bay, token gift shop, and additional real estate improvements. The property currently offers 24-hour casinos, daily entertainment in the casino lobby, weekly concerts at the 22,000-square-foot entertainment complex, five restaurants, an on-site Arnold Palmer Championship 18-hole golf course, an RV park, and 201-room in. Casino Magic Bay St. Louis is about 46 miles east of New Orleans, Louisiana.
Penn National’s expansion of the Casino Magic Hotel created about 200 new jobs in Lancock County. Currently, Casino Magic Bay St. Louis employs more than 1,250 people. In addition, the upgrades are expected to generate additional game taxes, property taxes, and tourism taxes for states, local governments, and local school districts.
In addition to Casino Magic Bay St. Louis, Penn National also owns and operates the Charles Town Races in Charles Town, West Virginia, which currently has 2,000 game consoles, the Boomtown Biloxi Casino in Biloxi, the Casino Rouge, a riverboat gaming facility in Baton Rouge, Louisiana, and the Bullwackers in the Black Hawk, Colorado. Penn National also owns two racetracks and 11 off-track racetracks in Pennsylvania, and operates Casino Rama, a gaming facility located about 90 miles north of Toronto, Canada, under a management agreement. 바카라사이트