Penn National issues statement on Sarno's announcement - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Penn National issues statement on Sarno's announcement

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SPRINGFIELD, MA (WSHM) -

Mayor Domenic Sarno announced a casino host agreement, which defines the relationship between the casino and the city, will be with MGM Springfield on Tuesday morning.

As a result, Penn National Gaming will no longer be in negotiations with the city.

The Senior Vice President of Public affairs at Penn National Gaming, Eric Schippers, issued the following statement shortly after Sarno's announcement:

"We are obviously disappointed by the mayor's announcement this morning given the time, energy and resources we have invested in our proposed Hollywood Casino, which we felt was the best plan for Springfield given its optimal location and significant ripple effect. However, we respect the mayor's decision and want to thank him and his entire team for what has been a fair and open process.

As a company well known for its disciplined approach to new development opportunities, we put forth the very best package we felt we could justify from a shareholder return perspective. We congratulate MGM on the decision today and wish them and the City of Springfield the best.

Finally, we want to thank our partner, Peter Picknelly, and all of our friends in the North End and throughout Springfield for their tremendous support throughout this process."

Copyright 2013 WSHM (Meredith Corporation).  All rights reserved.

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