NEW CASTLE, Pa. (WYTV) – Penn National Gaming, Inc. on Monday 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.
An application by Endeka for the proposed $225 million integrated racing and gaming facility in Lawrence County has been pending before the Pennsylvania Gaming Control Board (PGCB) since May 2013.
“We are disappointed to be withdrawing from this project,” stated BJ Fair, Chief Development Officer for Penn National Gaming. “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,” said Fair. “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.”
In conjunction with the announcement, Penn National also on Monday filed a complaint, including a request for declaratory judgment, in Berks County Court of Common Pleas. Fair said the company is disappointed that its open dialogue with the partners in Endeka about the deteriorating market conditions in Lawrence County have only “been met with threats of legal action.”
He said Penn National is asking the court to reaffirm its rights regarding withdrawal.