Jamul Indian Village slated to open $390M casino in July 2016

Artist's rendering of the Hollywood Casino Jamul. Image from Penn National Gaming

The Jamul Indian Village of California is expected to open a $390 million casino in July 2016.

The tribe broke ground on the Hollywood Casino Jamul in January 2014. The 200,000 square-foot facility will feature over 1,700 slot machines, 50 table games, restaurants, bars, lounges and a 1,900-space parking garage.

The casino will be the closest to San Diego -- only about 20 miles. It's expected to generate $25 million to $30 million a year for Penn National Gaming, the tribe's partner, according to Moody's Investor Service.

"Positive rating considerations include Jamul's close proximity to San Diego, California. Jamul will be the closest casino to San Diego, a large, heavy populated metropolitan area," Moody's wrote. "The project will also benefit from the expertise of Penn, the manager and developer of the project, who currently operates 27 facilities throughout the US."

According to Moody's, Penn National has put $179 million into the project, about half of the costs.

Get the Story:
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