Bangor racino sets record
The new $132 million Hollywood Slots Hotel and Raceway in Bangor drew an estimated 9,000 visitors during its opening day Tuesday.
On its first day the racino brought in roughly double the revenue it had generated on its best days at its interim facility, Robert Welch, executive director of the Maine Gambling Control Board, told the Bangor Daily News. Exact figures, however, were not made available. The new complex has 1,000 slot machines, a 1,500-spot parking garage and a 152-room hotel slated to open later this summer, according to Penn National Gaming Inc., the casino's parent company.
Meanwhile, Pennsylvania-based Penn National Gaming said Thursday that a $5.82 billion merger with Fortress Investment Group LLC and private equity firm Centerbridge Partners LP had been called off due to a declining purchase price, according to a press release from the company. Penn National chose to end the merger to avoid the "significant and lengthy litigation" needed to complete it, according to the release.
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