Penn National Gaming Reopens Plainridge Park Casino and Hollywood Casino Bangor
July 10 2020 - 10:30AM
Business Wire
90 Percent of the Company’s 41 Properties
Have Now Resumed Operations
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or
the “Company”) today announced that 37 of its 41 gaming and racing
properties have resumed operations, representing approximately 90
percent of the Company’s regional gaming and racing portfolio in 17
of the 19 states in which it operates. The most recent property
reopenings include Plainridge Park Casino in Massachusetts which
reopened on July 8 and Hollywood Casino Bangor in Maine which is
reopening today.
“With the reopening of our casinos in Massachusetts and Maine
this week, 90 percent of our industry-leading regional gaming
footprint has now resumed operations,” said Jay Snowden, President
and Chief Executive Officer for Penn National. “Our property and
Corporate management teams have worked diligently with our
regulators and local and state public health officials to create a
safe environment in our properties that protects our team members
and our guests, while continuing to highlight the entertainment
experience our guests have come to know and enjoy. We look forward
to the reopening of all 41 of our properties nationwide in the
coming weeks.”
Penn National’s re-opened properties and VGT operations include:
Ameristar Casino Hotel Blackhawk (CO); Sanford Orlando Kennel Club
(FL); Ameristar Casino Hotel Council Bluffs; (IA); Argosy Casino
Alton, Hollywood Casino Aurora, Hollywood Casino Joliet and Prairie
State Gaming (IL); Ameristar Casino Hotel East Chicago and
Hollywood Casino Lawrenceburg (IN); Hollywood Casino at Kansas
Speedway (KS); Boomtown Casino Bossier City, Boomtown Casino New
Orleans, L’Auberge Casino Baton Rouge, L’Auberge Casino Lake
Charles, and Margaritaville Casino Bossier City (LA); Plainridge
Park Casino (MA); Hollywood Casino Bangor (ME); Argosy Casino Hotel
& Spa Riverside, Hollywood Casino St. Louis, and River City
Casino & Hotel (MO); 1st Jackpot Casino Tunica, Ameristar
Casino Hotel Vicksburg, Boomtown Casino Biloxi, Hollywood Casino
Gulf Coast, and Hollywood Casino Tunica (MS); Cactus Petes Resort
Casino, and M Resort Spa Casino Las Vegas (NV); Freehold Raceway
(NJ); Hollywood Casino Columbus, Hollywood Casino Toledo, Hollywood
Gaming at Dayton Raceway, and Hollywood Gaming at Mahoning Valley
Race Course (OH); The Meadows Casino Racetrack Hotel and Hollywood
Casino at Penn National Race Course (PA); Retama Park and Sam
Houston Race Park (TX); and Hollywood Casino at Charles Town Races
(WV). Each gaming facility must operate at a limited capacity at
this time, per state and regulatory guidelines.
Penn National has implemented comprehensive social distancing
and safety protocols at all of its reopened properties, developed
in close consultation with state regulators and local and state
public health officials. Examples of these procedures can be found
at www.pngaming.com/covid19. Additionally, each property that has
received approval to reopen has provided more details regarding
further property-specific health and safety protocols on its
corresponding property website.
With additional states preparing for the resumption of gaming
operations, the Company will provide updated information on its
scheduled property reopenings as it receives final approval from
state regulators.
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests
in 41 gaming and racing properties in 19 states and video gaming
terminal operations with a focus on slot machine entertainment. We
also offer live sports betting at our properties in Indiana, Iowa,
Michigan, Mississippi, Nevada, Pennsylvania and West Virginia. The
Company will soon launch its Barstool Sports book app and products,
allowing it to leverage the Barstool brand and marketing engine to
drive meaningful market share, as the product is introduced across
our leading customer loyalty program, mychoice, with 20 million
casino customers, and Barstool's audience of over 66 million loyal
fans. 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
launched iCasino in Pennsylvania and, through strategic
partnerships, operates online sports betting in Indiana,
Pennsylvania and West Virginia.
Forward-looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of
forward-looking terminology such as "expects," "believes,"
"estimates," "projects," "intends," "plans," "goal," "seeks,"
"may," "will," "should," or "anticipates" or the negative or other
variations of these or similar words, or by discussions of future
events, strategies or risks and uncertainties. Such statements are
all subject to risks, uncertainties and changes in circumstances
that could significantly affect the Company's future financial
results and business. Accordingly, the Company 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. Such factors
include, but are not limited to, risks related to the following:
(a) the magnitude and duration of the impact of the COVID-19
pandemic on capital markets, general economic conditions,
unemployment, consumer spending and the Company's liquidity,
financial condition, supply chain, operations and personnel; (b)
industry, market, economic, political, regulatory and health
conditions; (c) disruptions in operations from data protection
breaches, cyberattacks, extreme weather conditions, medical
epidemics or pandemics such as COVID-19 (including reoccurences),
and other catastrophic events; (d) the reopening of the Company's
gaming properties are subject to various conditions, including
numerous regulatory approvals and potential delays and operational
restrictions and requirements (including mandated health
requirements associated with COVID-19); (e) actions to reduce costs
and improve efficiencies to mitigate losses as a result of the
COVID-19 pandemic could negatively impact guest loyalty and our
ability to attract and retain employees; and (f) other factors
included in "Risk Factors" of the Company's Annual Report on Form
10-K for the year ended December 31, 2019, the Company's Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020,
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K, each as filed with the U.S. Securities and Exchange
Commission. 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/20200710005309/en/
Eric Schippers Sr. Vice President, Public Affairs
610/378-8321
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