The facility's success in attracting patrons from west Texas has driven revenue growth during its first two years of operations. Zia Park is an attractively valued acquisition that is just two years old and does not require significant capital expenditures. Hollywood Casino at Charles Town Races (Charles Town. PNGI chief executive officer Peter Carlino said: 'We're excited to be adding Zia Park to our diverse portfolio of successful racing and gaming properties, and to be entering a market where the state has worked collectively with racing and gaming to create a favorable environment. & Racetrack (Hobbs, NM), Hollywood Casino at Penn National Race Course (Grantville, PA). 30, 2006, Zia Park reported its operations generated about $69.7 million in revenue and $24.5 million in earnings before interest, taxes, depreciation and amortization. The facility's Black Gold Casino features 750 slot machines. Zia Park is an integrated Thoroughbred and Quarter Horse racetrack and gaming facility that offers a 49-day race meet. PNGI intends to fund the purchase with additional borrowings under its existing $750-million revolving credit facility, of which $357.5 million was drawn at Sept. The transaction, which is anticipated to close mid-2007, is subject to customary closing conditions and approval by the New Mexico Gaming Control Board and New Mexico Racing Commission.