Harrah's St. Louis to become a Hollywood Casino

Caesars Entertainment Corp. Monday said it will sell its Harrah's St. Louis hotel and casino to regional rival Penn National Gaming for $610 million.  Penn National will re-brand Harrah's St. Louis with the company's Hollywood Casino brand.  The transaction is expected to close in the second half of 2012.

Harrah's St. Louis is located in Maryland Heights, Missouri, directly off I-70 and adjacent to the Missouri River and approximately 22 miles northwest of downtown St. Louis, approximately eight miles west of Lambert St. Louis Airport, and approximately 25 miles southwest of Penn National's Argosy Casino Alton.