Hollywood Gaming at Mahoning Valley Race Course to Open Sept. 17, Bringing Top Flight Gaming, Entertainment, Economic Develop...
August 06 2014 - 12:11PM
Business Wire
Penn National Gaming, Inc. (NASDAQ:PENN) (“Penn National”)
announced today that pending final regulatory approval, Hollywood
Gaming at Mahoning Valley Race Course will open its doors to the
public on Wednesday, Sept. 17, bringing top-flight gaming and
entertainment and an economic boost to the Mahoning Valley
region.
“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 at one of the nation’s busiest freeway interchanges at
I-80 and Ohio Route 46 in Austintown, Hollywood Gaming at Mahoning
Valley Race Course will provide our guests with a variety of
memorable experiences in an exciting, high energy setting.
“In addition, we’re proud of the economic opportunities we’re
bringing to the Mahoning Valley,” Wilmott said. “With 400 permanent
employees, we’ll be a significant employer in the region. And we
believe the facility is already serving as a catalyst for
additional economic development in the area and will continue to
spur economic growth in the future.”
Mike Galle, General Manager of Hollywood Gaming at Mahoning
Valley Race Course, said, “We’re already in high gear and look
forward to welcoming guests 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
large crowds when we open the doors on Wednesday, Sept. 17.
“Our opening 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,” Galle said.
Hollywood Gaming at Mahoning Valley Race Course will celebrate a
second grand opening on Monday, Nov. 24, when thoroughbred racing
begins on the new one-mile all-weather racetrack.
The $250 million development is located on Ohio Route 46 (N.
Canfield-Niles Road) just south of Interstate 80 and convenient to
the Ohio Turnpike, Interstate 680 and Ohio Route 11. The gaming
floor will open with 850 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 Sept. 17, Hollywood Gaming at Mahoning
Valley Race Course will be open 24 hours a day, seven days a
week.
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests
in gaming and racing facilities with a focus on slot machine
entertainment. At June 30, 2014, the Company operated 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. At June 30, 2014, in aggregate,
Penn National Gaming’s operated facilities featured approximately
30,900 gaming machines, 790 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:For Penn National Gaming, Inc.Bob Tenenbaum,
614-313-2315btenenbaum@themilenthalgroup.comorScott Frost,
330-272-9605Scott.Frost@pngaming.com
PENN Entertainment (NASDAQ:PENN)
Historical Stock Chart
From Mar 2024 to Apr 2024
PENN Entertainment (NASDAQ:PENN)
Historical Stock Chart
From Apr 2023 to Apr 2024