πŸ”₯ Hollywood Casino May File for Bankruptcy

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Penn National obtained the casino, one of five dockside gambling riverboats in the Shreveport-Bossier City market, earlier this year when it.


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Hollywood Casino Shreveport, a riverboat casino operator whose creditors forced it into bankruptcy in September, agreed to reorganize and.


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All Rights Reserved.{/INSERTKEYS}{/PARAGRAPH} Penn National obtained the casino, one of five dockside gambling riverboats in the Shreveport-Bossier City market, earlier this year when it acquired Hollywood Casino Corp. If the casino went into bankruptcy reorganization, it would be allowed to continue operating while restructuring its finances. The bondholders include about 25 insurance companies, mutual fund providers and other investment agencies. Since then, Harrah's Entertainment Inc. At the time, the company said it planned to market the casino aggressively, but warned that a bankruptcy reorganization might be needed. However, Penn National Gaming Inc. {PARAGRAPH}{INSERTKEYS}Hollywood Casino did not make interest payments due Friday and the company that owns the riverboat said it was attempting to negotiate a restructuring of the casino's debt. Hollywood Casino May File for Bankruptcy. Copyright by The Associated Press. The company said the complex suffered from lower-than-expected gambling revenue, higher taxes and a competitive casino market facing a soft economy. HCS I Inc.