The owner of the Argosy Alton casino has made a purchase to expand its holdings in the St. Louis area. Penn National Gaming has announced it will purchase Harrah's St. Louis in Maryland Heights casino and hotel for $610 million. As part of the deal the complex will be re-branded to Penn's Hollywood theme. The sale is expected to be complete by the end of this year.
Harrah's St. Louis is located just off Interstate 70 near the Missouri River. In a statement from Penn, the company says the acquisition will enhance Penn's position in the region, and add a 12th property to the Hollywood themed family of gaming facilities. Penn is purchasing Harrah's St. Louis from Caesar's Entertainment.