UPDATE: Penn says casino plans are 'blockbusters' - KTIV News 4 Sioux City IA: News, Weather and Sports

UPDATE: Penn says casino plans are 'blockbusters'

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SIOUX CITY, Iowa (KTIV) -

Penn National Gaming rolled out the red carpet, literally, at their casino presentation in Sioux City. They're one of three companies pitching proposals to replace the Argosy, which they own.

In tribute of plans to build one of two Hollywood styled casinos, Penn brought a cast of movie memorabilia to dazzle folks at their event, Tuesday night.

"We really wanted to capture what Hollywood means. Which is the 1930's-40's golden age of Hollywood, combined with the digital feel of today's age," said Public Affairs Director Karen Bailey.

Here's a break down of both concepts. Hollywood Casino Sioux City would be a $160 million casino, sitting where the Holiday Inn on Gordon Drive is now. It could be expanded with a 150-room hotel in the future. And annual gaming revenue is expected to be $85 million.

Hollywood Casino Siouxland would be a $167 million casino, with a 150-room hotel attached. It would be near the Port Neal interchange along I-29. Annual gaming revenue is expected to be more, at $89 million.

Inside both, 750 slots, 20 table games, three restaurants, and a 500 seat concert venue.

Penn is the second largest gaming company in the nation. They say what sets them apart from Sioux City Entertainment's Hard Rock Casino proposal, and Ho-Chunk Incorporated's Warrior Casino, is their ability to pay.

"We are actually not requiring tax payer financing or tax payer subsidies in order to build. We can write the check today," said Bailey

Penn's star studded proposals wowed some.

"I thought they did an excellent presentation," said Mike Lally.

"I think either facility would be a bonus for this community," said Keith McGuire.

Others, not so much.

"At this point in time I really like the Hard Rock Casino's outlook, and what they have to offer more people in my age range," said Alex Watters. 

The Iowa Racing and Gaming Commission will ultimately choose which project is built by awarding a gaming license in April.

You can check out Penn's website here.

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