GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
May 24th, 2014 at 9:50:55 AM permalink
I guess this was announced last week but I missed it.

http://triblive.com/business/headlines/6113453-74/gaming-casino-meadows#axzz32eW73m2P

http://www.observer-reporter.com/article/20140514/NEWS01/140519746
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
May 24th, 2014 at 10:00:35 AM permalink
Apparently the company who bought them just wants the land. From what I read they buy gaming land and then lease the casino to other companies. I will speculate based on what I read in a few articles that it may become a Penn National property. I don't know much about that company. How are they to low rollers? The Rivers which is about a half hour away is horrible to the low rollers. Hopefully The meadows keeps rolling the same way when the new ownership takes over.

When people were applying for PA casino licenses, CET really wanted into the market. I don't know if they will go after this property as well but with their debt issues I doubt that will be the case.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
98Clubs
98Clubs
Joined: Jun 3, 2010
  • Threads: 52
  • Posts: 1728
May 24th, 2014 at 11:34:50 AM permalink
Yes, Penn National's REIT subsidary Gaming and Leisure Properties Inc. purchased the property with plans to lease it to a third-party.
Some people need to reimagine their thinking.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 7999
May 24th, 2014 at 11:46:44 AM permalink
Penn vastly overpaid and has a history of the cheapest in the land. The players will be paying for them buying their competition and this is bad news.

Penn will open in Austintown in the fall and has Newcastle locked and will never build there now for sure.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
Mission146
Mission146
Joined: May 15, 2012
  • Threads: 123
  • Posts: 12840
May 24th, 2014 at 2:59:37 PM permalink
I'm just going to miss having Cannery Casino Resorts running the place next year.

I wonder what they are going to put in the front entrance now, upper-wall on the ceiling to the right and left where the wall is painted with Cannery and Eastside Cannery pictures.
Vultures can't be choosers.
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
May 24th, 2014 at 3:31:48 PM permalink
Quote: Mission146

I'm just going to miss having Cannery Casino Resorts running the place next year.

I wonder what they are going to put in the front entrance now, upper-wall on the ceiling to the right and left where the wall is painted with Cannery and Eastside Cannery pictures.



gotta make sure I use up my webpass points too.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
August 22nd, 2016 at 6:59:28 AM permalink
So I have been under the impression that Hollywood was going to be the new owners. Apparently it is Pinnacle and they are branding the players club wuth the my choice program. No word on what they are going to call the casino. I guess they could keep it the meadows.

http://www.wpxi.com/news/washington-county-meadows-casino-being-sold-for-138-million/188089037

I have a My Choice card but have really never used. What is this program like? I would assume they are at least better than hollywoods. Do they have weekly giveaways as well? The meadows has had many giveaways of actual useful items opposed to the Rivers that gives away logo merch.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 7999
August 22nd, 2016 at 10:50:19 AM permalink
138 million plus 25.5 million rent. Interesting. I wonder how this happened, specifically if Penn National sold it or if they backed out. When Penn National made news buying it, they were purportedly paying 400 plus million, which I was correct saying way too high.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
Wizardofnothing
Wizardofnothing
Joined: Jul 3, 2015
  • Threads: 121
  • Posts: 3493
August 22nd, 2016 at 10:58:48 AM permalink
Sent you a PM
No longer hiring, donít ask because I wonít hire you either
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 93
  • Posts: 9854
September 14th, 2016 at 3:45:14 PM permalink
Looks to be official

http://rebusinessonline.com/gaming-and-leisure-properties-completes-440m-acquisition-of-the-meadows-racetrack-and-casino-in-pennsylvania/
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW

  • Jump to: