Penn National Gaming to Temporarily Suspend Operations at Its Casinos in Nevada
March 17 2020 - 10:18PM
Business Wire
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or
the “Company”) announced today that pursuant to an order from
Governor Steve Sisolak, it will temporarily suspend operations for
thirty days at Tropicana Las Vegas, The M Resort, and Cactus Petes
as a precautionary measure against the ongoing spread of COVID-19.
All gaming operations will be closing at midnight tonight and all
non-gaming operations, other than hotel operations, will be closing
by noon on Wednesday, March 18, 2020. All hotel operations will be
closing by 6:00pm on Thursday, March 19, 2020. The Governor will
remain in consultation with the state’s licensed casinos, public
health authorities and government officials to determine safe
protocols for when operations may resume.
“The health and well-being of our guests and team members will
always be our paramount concern,” said Jay Snowden, President and
CEO of Penn National Gaming. “Since the coronavirus threat began,
we have implemented stringent CDC-recommended protocols throughout
our enterprise, including increased daily cleaning regimens,
maximizing air circulation, cancelling or postponing all live
events, and we’re in the process of reducing the number of chairs
at our dining facilities, table games and poker rooms, as well as
the number of slot machines in play at any one time, to increase
social distancing, among other initiatives.
“As for our nearly 3,200 team members at our Nevada properties
who will be impacted by this temporary closure, we plan to continue
to pay their wages and benefits through the end of March. In
addition, we’ll be donating perishable food items to area food
banks and local charities.
“This is a challenging time for all of us, and we are very
appreciative of the overwhelming support and understanding from our
guests and team members. We look forward to reopening our doors
just as soon as possible. In the meantime, we will be taking the
opportunity to continue our deep cleaning efforts and preparing our
casino to welcome our loyal customers back,” concluded Mr.
Snowden.
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests
in 41 gaming and racing properties in 19 jurisdictions and video
gaming terminal operations with a focus on slot machine
entertainment. We also offer live sports betting at our properties
in Indiana, Iowa, Mississippi, Pennsylvania and West Virginia. In
total, Penn National’s properties feature approximately 50,000
gaming machines, 1,300 table games and 8,800 hotel rooms. In
addition, the Company operates an interactive gaming division
through its subsidiary, Penn Interactive Ventures, LLC, which
recently launched iGaming in Pennsylvania and, through strategic
partnerships, operates online sports betting in Indiana,
Pennsylvania and West Virginia. The Company also has a leading
customer loyalty program, mychoice, with over five million active
customers.
Forward-looking Statements
All statements included in this press release, other than
historical information or statements of historical fact, are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, including statements regarding COVID-19, the length of
time Penn National’s casinos in Nevada will be required to remain
closed and the impact of these or other potential closures on Penn
National and its stakeholders are subject to risks, uncertainties
and changes in circumstances that could significantly affect the
Company’s future financial results and business. Accordingly, Penn
National cautions that the forward-looking statements contained
herein are qualified by important factors that could cause actual
results to differ materially from those reflected by such
statements. For more information on the potential factors that
could affect the Company’s financial results and business, review
the Company’s filings with the SEC, including, but not limited to,
its Annual Report on Form 10-K and its Current Reports on Form 8-K.
The Company does not intend to update publicly any forward-looking
statements 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200317005885/en/
Eric Schippers Senior Vice President, Public Affairs &
Government Relations 610-373-2400
PENN Entertainment (NASDAQ:PENN)
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