Penn National Gaming operating the Resorts Casino Tunica has announced that they will shut down the venue and have already planned to initiate the closure procedures. With Arkansas expanding gaming in the state recently, the resorts casino has been facing stiff competition.
Penn National has said that it will start with the closure process from 30 June. The gaming and gambling giant acquired operations at the Resorts Casino Tunica back in March 2017. The company had also taken the operations at Bally’s Casino Tunica and operations at Hollywood Casino Tunica.
Penn National Senior Vice President of Regional Operations Al Britton explained: “With our acquisition of Resorts Casino as part of the two-property deal, we knew we were acquiring an aging barge in need of significant capital improvements.”
“I want to emphasize that despite this decision, Penn National remains committed to the Tunica market and continues to focus on the ongoing successful operations at our two remaining Tunica properties,” he added.
Currently, Penn National owns and operates casinos and gambling venues all across the United States. The Resorts Casino Tunica and Britton have over 200 workers having an employment contract with Penn National. The company has indicated that in the event of the closure, they will try to help the employees by shifting them to other venues they operate in Tunica.
The increased competition due to the expansion of gaming and gambling in Arkansas has been taking a toll on other operators as well. Earlier in January this year, Caesars Entertainment Corp had shut down its Tunica Roadhouse Casino. The company had also ceased operations at Harrah’s Tunica Hotel and Casino in 2014 when it was on the verge of bankruptcy.