Wilmott said the Wyomissing, Pennsylvania-based company is on track to open its 'Hollywood Casino Jamul' in San Diego in mid-2016. Penn National tried unsuccessfully to buy the unfinished Fountainebleau location in 2010 but lost to billionaire Carl Icahn. The Tropicana purchase is the company's largest acquisition since it bought M Resort, located about 10 miles from the Las Vegas Strip, in 2011 in a deal valued at $231 million. The Nevada Gaming Commission is expected to rule on the transaction Aug. The company expects the Tropicana Las Vegas Casino Hotel Resort deal to close before the end of the third quarter. The company also recently acquired a major video gaming terminal operator in the Midwest that some analysts see as a 'hedge' to Penn National's exposure to the traditional casino market and potentially as a new growth platform. Penn National has bet on an ambitious expansion into new markets such as the Las Vegas Strip and Southern California. Read More Mohegan Sun takes gamble with online casino for NJ

'But beyond that, I think the regional markets right now are as healthy as they've been in the last three or four years.'

'We're not in Atlantic City, which continues to suffer because of the proliferation of gaming in all the neighboring states around New Jersey,' said Wilmott. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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