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Share on Facebook Share on Twitter. For a short time in the early s they owned the old Hollywood Casino. Barry Regula, Senior Vice President and General Manager of Margaritaville Resort Casino further commented: "This is a tremendously positive outcome for our crew members, our guests and our community. Back To Top.{/INSERTKEYS}{/PARAGRAPH} According to those 'in the know', Penn plans to expand and improve the facility once the deal officially goes through. Management for Margaritaville says its a great day for both local employees and players. Paul R. Penn National Gaming offers outstanding opportunities for employees, a geographically diverse network of destination casinos for our guests, and a solid platform for potential future development to enhance the economic benefits to the community. {PARAGRAPH}{INSERTKEYS}Penn National Gaming, one of the biggest owners and operators of casinos in the country, has agreed to purchase Margaritaville Resort in Bossier City. Margaritaville Resort Casino has achieved significant market share growth in recent months. It is because of their efforts that we have achieved the success that has attracted a quality gaming company, such as Penn National Gaming, as an acquirer. They say employees will have more opportunity to advance working for such a large company. Reports suggest the deal should be closed by the end of the year. I'd like to thank our over 1, amazing crew members for their daily dedication to providing memorable experiences for our guests. This is Penn Gaming's second trip to the Shreveport-Bossier market. Bossier Casino Venture, Inc. Sign In. I am confident that Penn National Gaming will continue the quality operations that have characterized Margaritaville Resort Casino these past five years and will provide new opportunities for our crew members as well as an exciting gaming and entertainment experience for our valued customers.