Penn National Gaming to Temporarily Suspend Operations at Illinois Casinos Under Order of Illinois Gaming Board
March 13 2020 - 10:30PM
Business Wire
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or
the “Company”) announced today that it has received an order from
the Illinois Gaming Board that it must temporarily suspend
operations for 14 days at its three casinos beginning Monday, March
16, as a precautionary measure against the ongoing spread of
COVID-19.
“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
there have been no confirmed cases of COVID-19 at any Penn National
casino, and we have implemented stringent CDC-recommended protocols
throughout our enterprise, including increased daily cleaning
regimens at our facilities, maximizing air circulation, cancelling
or postponing all concerts and live events, and we’re in the
process of temporarily closing down buffets, among other
initiatives.
“As for our 1,200 team members at Hollywood Casino Aurora,
Hollywood Casino Joliet and Hollywood Casino Alton, who will be
impacted by this temporary closure, we plan to continue to pay
their full wages and benefits for the 14 day period. 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 casinos 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 51,000
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 Illinois 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/20200313005570/en/
Eric Schippers Senior VicePresident Public Affairs &
Government Relations 610-373-2400
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