On Monday, March 30, Penn National Gaming, Inc. announced that it has informed the partners of Endeka Entertainment LP of its intent to withdraw from the proposed Lawrence Downs Casino and Racing Resort project in Lawrence County, Pennsylvania.
A release from Penn National states that an application by Endeka for the proposed $225 million integrated racing and gaming facility in Lawrence County, Pennsylvania has been pending before the Pennsylvania Gaming Control Board since May 2013.
“We are disappointed to be withdrawing from this project,” Penn National Gaming Chief Development Officer BJ Fair was quoted as saying. “However, given the continued softness in the economy and the level of market saturation — not just in western Pennsylvania, but across the Commonwealth — we are regrettably unable to justify this investment at the statutorily required spending levels.”
Fair went on to say, “We sincerely appreciate the strong support for this proposal by the people of Lawrence County, and while we will not be going forward with the project, we have offered to assist with the transition to another potential operator.”
(With files from Penn National)