$PENN Gaming_Has_Resumed_Operations_at_More_Than_70 Percent_of the_Company’s_41_Properties
June 19 2020 - 07:00AM
Penn National Gaming, Inc. (NASDAQ: $PENN ) (“Penn National” or the “Company”) today announced that 30 of its 41 gaming and racing properties have resumed operations, representing more than 70 percent of the Company’s regional gaming portfolio in 13 of the 19 states in which it operates. The latest reopenings will occur today at the Company’s four Ohio properties and in Pennsylvania at Hollywood Casino at Penn National Race Course.
“As the nation’s largest regional gaming operator, we are excited and grateful to have reached this important milestone of reopening more than 70 percent of our properties across the country,” said Jay Snowden, President and Chief Executive Officer for Penn National. “We are continuing to work closely with our regulators and state and local leaders to prepare for the eventual reopening of all of our remaining properties. I want to thank our state regulators, as well as our Corporate and property management teams who have worked tirelessly over the last several months to get us to this point.”
The reopened Penn National properties are: Ameristar Casino Hotel Blackhawk (CO); Sanford Orlando Kennel Club (FL); Ameristar Casino Hotel Council Bluffs (IA); 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); 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); Hollywood Casino Columbus, Hollywood Casino Toledo, Hollywood Gaming at Dayton Raceway, and Hollywood Gaming at Mohoning 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 beginning to prepare 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, 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.
