Tag Archives: Penn National

Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 1

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Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 18

WYOMISSING, Pa.–(BUSINESS WIRE)– Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2013 first quarter financial results at 7:00 a.m. ET on Thursday, April 18, 2013 and will host a conference call and simultaneous webcast at 11:00 a.m. ET on Thursday, April 18, 2013. Both the call and webcast are open to the general public.

The conference call number is 212/231-2930; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.pngaming.com; allow 15 minutes to register and download and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be accessed for thirty days on the Internet at www.pngaming.com.

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. The Company presently operates twenty-nine facilities in nineteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National‘s operated facilities currently feature approximately 34,800 gaming machines, approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million square feet of gaming floor space.

Penn National Gaming, Inc.
William J. Clifford, 610-373-2400
Chief Financial Officer
JCIR
Joseph N. Jaffoni, Richard Land
212-835-8500
penn@jcir.com

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:

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From: http://www.dailyfinance.com/2013/04/12/penn-national-gaming-to-report-first-quarter-resul/

Penn National Gaming Enters into Management and Development Agreements with Jamul Indian Village for

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Penn National Gaming Enters into Management and Development Agreements with Jamul Indian Village for New $360 Million Hollywood-Branded Casino & Resort in San Diego County

SAN DIEGO & WYOMISSING, Pa.–(BUSINESS WIRE)– Penn National Gaming, Inc. (NAS: PENN) announced today that one of its wholly-owned subsidiaries and the Jamul Indian Village (“the Tribe”) have entered into definitive agreements to jointly develop a Hollywood-branded casino and resort on the Tribe’s trust land in San Diego County, California. The proposed facility is located approximately 20 miles east of downtown San Diego, right off Route 94.

The proposed $360 million development will include a three-story gaming and entertainment facility of approximately 200,000 square feet featuring at least 1,700 slot machines, 50 live table games including poker, multiple restaurants, bars and lounges and a partially enclosed parking structure with over 1,900 spaces. The proposed project will create an estimated 1,200 construction jobs and up to 1,500 permanent jobs in the area. It is anticipated that construction could commence late this year with an expected construction period of approximately 24 months. Penn National may, under certain circumstances, provide backstop financing to the Tribe in connection with the project and, upon opening, Penn National will manage the casino and resort.

The agreements with Penn National will allow the Tribe to realize its vision for revitalizing its six-acre reservation, while creating and supporting employment opportunities. Ultimately, the newly-designed project will create jobs for the local community in the Jamul and Dulzura areas, allow the Tribe to become self-sufficient and enable it to share gaming revenue with local governments and charities.

“The development and management of a Hollywood-branded casino and resort with Executive Council Chairman Hunter and the Jamul Indian Village will deliver a balance of economic benefits, environmental stewardship and social responsibility,” said Timothy Wilmott, President and Chief Operating Officer of Penn National Gaming. “We look forward to a productive collaboration with the Tribe that will benefit the community, the Tribe and Penn National.”

“We are pleased to work closely with Penn National Gaming, a respected industry leader that brings significant experience, energy and integrity to this important project,” said Tribal Executive Council Chairman Raymond Hunter. “Penn National has a proven track record of development and operation of first-class gaming facilities and its strong balance sheet is an asset to the project. Penn National also shares the Tribe’s focus on a development that is consistent with the character of the Jamul area. In addition, the Company shares our commitment to be respectful of environmental requirements and local processes …read more

Source: FULL ARTICLE at DailyFinance

Penn National Gaming to Participate at the Telsey Advisory Group Spring Conference on Tuesday, April

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Penn National Gaming to Participate at the Telsey Advisory Group Spring Conference on Tuesday, April 9

WYOMISSING, Pa.–(BUSINESS WIRE)– Penn National Gaming, Inc. (NAS: PENN) announced today that Vice President, Finance and Investor Relations, Hayes Croushore, will participate in an audio webcast in conjunction with the Company’s participation at the 5th Annual Telsey Advisory Group Spring Conference at the InterContinental Hotel New York Times Square. The Company’s group presentation and associated webcast will be held on Tuesday, April 9, at 2:05 p.m. ET. Management will also meet with institutional investors at the conference that day.

The webcast will be accessible at www.pngaming.com (“Investors”/”Events”) or http://wsw.com/webcast/tag9/penn/ and an archived audio replay will be available on the Company’s website following the conference for 90 days. Management’s PowerPoint presentation will also be available at www.pngaming.com (“Investors”/”Presentations”) on Tuesday, April 9 at 2:05 p.m. ET.

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. The Company presently operates twenty-nine facilities in nineteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National‘s operated facilities currently feature approximately 34,800 gaming machines, approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million square feet of gaming floor space.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary materially from expectations. Although Penn National Gaming, Inc. and its subsidiaries (collectively, the “Company” or “PENN“) believe that our expectations are based on reasonable assumptions within the bounds of our knowledge of our business and operations, there can be no assurance that actual results will not differ materially from our expectations. Meaningful factors that could cause actual results to differ from expectations include, but are not limited to, risks related to the following: the proposed separation of PropCo from PENN, including our ability to timely receive all necessary consents and approvals, the anticipated timing of the proposed separation, the expected tax treatment of the proposed transaction, the ability of each of the post spin Company and PropCo to conduct and expand their respective businesses following the proposed spin-off, and the diversion of …read more
Source: FULL ARTICLE at DailyFinance