Hollywood Gaming at Dayton Raceway to Open August 28 Bringing Top Flight Gaming, Entertainment & Economic Development to Dayt...
June 30 2014 - 12:22PM
Business Wire
Penn National Gaming, Inc. (NASDAQ:PENN) (“Penn National”)
announced today that pending final regulatory approval, Hollywood
Gaming at Dayton Raceway will open its doors to the public on
Thursday, Aug. 28, bringing top-flight gaming and entertainment and
an economic boost to Dayton and the Miami Valley.
“We’re thrilled to be able to set our opening date for this new,
state-of-the-art regional destination offering premier gaming,
dining, racing and entertainment options,” said Tim Wilmott,
President and Chief Executive Officer of Penn National Gaming.
“Located in North Dayton and convenient to both I-75 and I-70,
Hollywood Gaming at Dayton Raceway will provide our guests with a
range of memorable experiences in an exciting, high energy
setting.
“In addition, we’re proud of the economic opportunities we’re
bringing to Dayton and the Miami Valley,” Wilmott said. “With
nearly 500 permanent employees, we’ll be a significant employer in
the region. And we believe the facility can serve as a catalyst for
additional economic development in the area.”
Gary DeWitt, General Manager of Hollywood Gaming at Dayton
Raceway, said, “We’re already in high gear and look forward to
welcoming guests on August 28 with a unique gaming and
entertainment experience for this region. The building itself is
nearing completion, we’re continuing to build our team, and we
anticipate big crowds when we open the doors.
“August 28 will also mark the culmination of a project that has
enjoyed strong support from the community, from elected officials,
from our business partners, from our construction team and from the
hundreds of local construction workers and vendors who are building
Hollywood Gaming. We’re deeply grateful for their efforts, which
have been instrumental in bringing us to this point,” DeWitt
said.
Hollywood Gaming at Dayton Raceway will celebrate a second grand
opening on Oct. 3, when harness racing begins on the new 5/8th-mile
all-weather racetrack.
The $250 million development is located at the intersection of
Needmore and Wagner Ford roads in North Dayton. The gaming floor
will open with 1,000 Video Lottery Terminals (VLTs) and a wide
variety of dining and entertainment options for patrons. The
adjacent racetrack grandstand includes more than 1,000 enclosed
seats and a simulcast theater that will allow race fans to wager on
races at tracks throughout North America.
Once its doors open on Aug. 28th, Hollywood Gaming at Dayton
Raceway will be open 24 hours a day, seven days a week.
About Penn National Gaming
Penn National Gaming, through its subsidiaries, owns, operates
or has ownership interests in gaming and racing facilities with a
focus on slot machine entertainment. The Company presently operates
twenty-seven facilities in eighteen jurisdictions, including
Florida, Illinois, Indiana, Iowa, Kansas, Maine, Massachusetts,
Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico,
Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In
aggregate, Penn National's operated facilities feature
approximately 31,000 gaming machines, 800 table games and 2,900
hotel rooms.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements can be identified by the use of forward
looking terminology such as “expects,” “believes,” “estimates,”
“intends,” “may,” “will,” “should,” “plan” or “anticipates,” or the
negative or other variation of these or similar words, or by
discussions of future events, strategies or risks and
uncertainties. Such forward looking statements are inherently
subject to risks, uncertainties and assumptions about Penn National
Gaming and its subsidiaries, including risks related to the
potential construction delays and pending litigation involving the
legality and location of video lottery terminals at tracks and
accordingly, any forward looking statements are qualified in their
entirety by reference to the factors described in Penn National
Gaming’s Annual Report on Form 10-K for the year ended December 31,
2013, subsequent Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K as filed with the Securities and Exchange Commission.
All subsequent written and oral forward looking statements
attributable to Penn National Gaming or persons acting on the
Company’s behalf are expressly qualified in their entirety by the
cautionary statements included in this press release. Penn National
Gaming undertakes no obligation to publicly update or revise any
forward looking statements contained or incorporated by reference
herein, whether as a result of new information, future events or
otherwise, except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release may not occur.
Media:Bob Tenenbaum,
614-313-2315btenenbaum@themilenthalgroup.comorDee Mara,
937-329-9828Dee.Mara2@pngaming.com
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