Hollywood Casino

GAMING AND LEISURE PROPERTIES ENTERS INTO AGREEMENTS WITH PENN NATIONAL GAMING

Retrieved on: 
Friday, March 27, 2020
Companies, Gaming and Leisure Properties, Penn National Gaming, Economy of the United States, Hollywood Casino, GLPi, Wyomissing, Pennsylvania, Pinnacle Entertainment

WYOMISSING, Pa., March 27, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company), today announced that it has reached agreements with Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National) wherein the Company will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn Nationals Morgantown, Pennsylvania development in exchange for an aggregate non-cash rent payment of $337.5 million.

Key Points: 
  • WYOMISSING, Pa., March 27, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company), today announced that it has reached agreements with Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National) wherein the Company will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn Nationals Morgantown, Pennsylvania development in exchange for an aggregate non-cash rent payment of $337.5 million.
  • Furthermore, Penn National is granting GLPI downside protection for any future competitive impact that Penn Nationals new Category 4 developments in Pennsylvania may have on the GLPI facilities subject to the Penn National master lease.
  • Penn National will otherwise make cash rent payments for its obligations to GLPI including cash rent in April, September, November, and December.
  • Pursuant to the agreement, GLPI has granted Penn National an option to acquire the operations of Hollywood Casino Perryville, one of its taxable REIT subsidiary (TRS) properties, subject to the execution of a lease agreement with Penn National.

Penn National Gaming to Temporarily Suspend Operations at Hollywood Casino at Charles Town Races in West Virginia

Retrieved on: 
Wednesday, March 18, 2020
Casino, Gaming, Entertainment, Hollywood Casino, Penn National Gaming, Gambling in the United States, Economy of the United States, Companies, Gaming and Leisure Properties

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from Governor Jim Justice, it will temporarily suspend operations at Hollywood Casino at Charles Town Races beginning tonight at midnight as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from Governor Jim Justice, it will temporarily suspend operations at Hollywood Casino at Charles Town Races beginning tonight at midnight 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.
  • As for our nearly 1,300 team members at Hollywood Casino Hotel at Charles Town Races who will be impacted by this temporary closure, we plan to continue to pay their wages and benefits through the end of March.
  • 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.

Penn National Gaming to Suspend Construction of Hollywood Casino Morgantown and Hollywood Casino York in Pennsylvania

Retrieved on: 
Tuesday, March 17, 2020
Casino, Gaming, Commercial Building & Real Estate, Construction & Property, Entertainment, Hollywood Casino, York Galleria, Penn National Gaming, Casinos, Economy of the United States, Gambling

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that in response to Governor Tom Wolfs call for a statewide shutdown of all non-essential business activities to help prevent the spread of COVID-19, it will be suspending construction on its planned Hollywood Casino Morgantown and Hollywood Casino York Category 4 facilities in Pennsylvania, effective immediately.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that in response to Governor Tom Wolfs call for a statewide shutdown of all non-essential business activities to help prevent the spread of COVID-19, it will be suspending construction on its planned Hollywood Casino Morgantown and Hollywood Casino York Category 4 facilities in Pennsylvania, effective immediately.
  • We fully support the Governors effort to try to stem the tide of this unprecedented public health threat, said Jay Snowden, President and CEO of Penn National Gaming.
  • The $111 million Hollywood Casino Morgantown was expected to open in November of this year and the $120 million Hollywood Casino York at the York Galleria Mall was anticipated to open by year end.
  • 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.

Penn National Gaming to Temporarily Suspend Operations at Hollywood Casino at Kansas Speedway

Retrieved on: 
Tuesday, March 17, 2020
Casino, Gaming, Other Entertainment, Entertainment, KANSAS, Gambling, States of the United States, Hollywood Casino, Penn National Gaming, Kansas Speedway, Kansas Lottery

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that Hollywood Casino at Kansas Speedway received notification from the Kansas Lottery to temporarily suspend operations for a period of two weeks beginning at 5:00 a.m. on Wednesday, March 18, 2020 as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that Hollywood Casino at Kansas Speedway received notification from the Kansas Lottery to temporarily suspend operations for a period of two weeks beginning at 5:00 a.m. on Wednesday, March 18, 2020 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.
  • As for our nearly 650 team members at Hollywood Casino at Kansas Speedway who will be impacted by this temporary closure, we plan to continue to pay their wages and benefits through the end of March.
  • 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.

Penn National Gaming to Temporarily Suspend Operations at Its Casinos in Mississippi

Retrieved on: 
Monday, March 16, 2020
Commercial Building & Real Estate, Construction & Property, Lodging, Health, Travel, Infectious diseases, Casino, Gaming, Entertainment, Companies, Casinos, Economy of the United States, Penn National Gaming, Ameristar casinos, Ameristar Casino Vicksburg, Hollywood Casino, Gaming and Leisure Properties, Pinnacle Entertainment

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that 1st Jackpot Casino , Ameristar Casino Vicksburg, Boomtown Casino Biloxi, Hollywood Casino Gulf Coast, and Hollywood Casino Tunica have received notification from the Mississippi Gaming Commission (MGC) to temporarily suspend operations beginning at midnight on March 16, 2020, as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that 1st Jackpot Casino , Ameristar Casino Vicksburg, Boomtown Casino Biloxi, Hollywood Casino Gulf Coast, and Hollywood Casino Tunica have received notification from the Mississippi Gaming Commission (MGC) to temporarily suspend operations beginning at midnight on March 16, 2020, 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.
  • 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.
  • In total, Penn Nationals properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms.

Penn National Gaming to Temporarily Suspend Operations at Its Casinos in Pennsylvania

Retrieved on: 
Monday, March 16, 2020
Casino, Gaming, Entertainment, Penn National Gaming, Hollywood Casino at Penn National Race Course, Gaming control board, Hollywood Casino, Economy of the United States, Gambling, Companies, Gambling in Pennsylvania, Gaming and Leisure Properties

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that Hollywood Casino at Penn National Race Course and The Meadows Casino Racetrack Hotel have received notification from the Pennsylvania Gaming Control Board (PGCB) to temporarily suspend operations beginning at 6:00 a.m. on Tuesday, March 17, 2020 as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that Hollywood Casino at Penn National Race Course and The Meadows Casino Racetrack Hotel have received notification from the Pennsylvania Gaming Control Board (PGCB) to temporarily suspend operations beginning at 6:00 a.m. on Tuesday, March 17, 2020 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.
  • In addition, well be donating perishable food items to the Central Pennsylvania Food Bank, Washington County Food Bank, and other local organizations.
  • 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.

Penn National Gaming to Temporarily Suspend Operations at Hollywood Casino Hotel & Raceway in Maine

Retrieved on: 
Monday, March 16, 2020
Casino, Gaming, Entertainment, Penn National Gaming, Hollywood Casino, Gaming control board, Gambling, Casinos, Companies, Ameristar casinos, Hollywood Casino Hotel & Raceway Bangor, L'Auberge Baton Rouge

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that Hollywood Casino Hotel & Raceway in Bangor, Maine, has received notification from the Maine Department of Public Safety (DPS) and the Maine Gambling Control Board (MGCB) to temporarily suspend operations for a period of two weeks beginning at 6:00 p.m. tonight as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that Hollywood Casino Hotel & Raceway in Bangor, Maine, has received notification from the Maine Department of Public Safety (DPS) and the Maine Gambling Control Board (MGCB) to temporarily suspend operations for a period of two weeks beginning at 6:00 p.m. tonight 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.
  • 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.
  • In total, Penn Nationals properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms.

Penn National Gaming to Temporarily Suspend Operations at Its Casinos in Indiana

Retrieved on: 
Sunday, March 15, 2020
Casino, Gaming, Entertainment, Casinos, Ameristar casinos, Gambling, Companies, Ameristar Casino East Chicago, East Chicago, Indiana, Penn National Gaming, Hollywood Casino Lawrenceburg, Gaming control board, Hollywood Casino at Penn National Race Course, Hollywood Casino, Boyd Gaming

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from the Indiana Gaming Commission (IGC), it will temporarily suspend operations at Hollywood Casino Lawrenceburg and Ameristar East Chicago for a period of two weeks beginning Monday, March 16, 2020, as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from the Indiana Gaming Commission (IGC), it will temporarily suspend operations at Hollywood Casino Lawrenceburg and Ameristar East Chicago for a period of two weeks beginning Monday, March 16, 2020, as a precautionary measure against the ongoing spread of COVID-19.
  • The IGC will remain in consultation with the states 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.
  • 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.

Penn National Gaming to Temporarily Suspend Operations at Ohio Casinos Under Executive Order of Governor Mike DeWine

Retrieved on: 
Saturday, March 14, 2020
Casino, Gaming, Entertainment, Equestrian, Sports, Ohio, Hollywood Casino, States of the United States, Penn National Gaming, Casinos, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Gaming and Leisure Properties, L'Auberge Baton Rouge

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that an Executive Order by Governor Mike DeWine will cause it to temporarily suspend operations at its four gaming properties in the state as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that an Executive Order by Governor Mike DeWine will cause it to temporarily suspend operations at its four gaming properties in the state as a precautionary measure against the ongoing spread of COVID-19.
  • Since Hollywood Casino Columbus, Hollywood Casino Toledo, Hollywood Gaming at Dayton Raceway and Hollywood Gaming at Mahoning Valley Race Course collectively employ more than 2,000 team members, Penn National is left with no choice but to temporarily close those facilities.
  • 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.
  • 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.

Penn National Gaming Receives Licensing Approval for Hollywood Casino York

Retrieved on: 
Wednesday, December 18, 2019
Casino, Gaming, Entertainment, Gambling in Pennsylvania, Springettsbury Township, York County, Pennsylvania, York Galleria, Penn National Gaming, Hollywood Casino, Gaming control board, Gambling, Economy of the United States

Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National or the Company) announced today that it has received final licensing approval from the Pennsylvania Gaming Control Board (PGCB) for Hollywood Casino York, which will be located at the York Galleria Mall in Springettsbury Township, Pennsylvania.

Key Points: 
  • Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National or the Company) announced today that it has received final licensing approval from the Pennsylvania Gaming Control Board (PGCB) for Hollywood Casino York, which will be located at the York Galleria Mall in Springettsbury Township, Pennsylvania.
  • We are very pleased with todays unanimous approval by the PGCB and look forward to opening the doors at Hollywood Casino York as soon as possible, said Timothy J. Wilmott, Chief Executive Officer for Penn National Gaming.
  • Hollywood Casino York will also offer a sports and race book, casual restaurant and bar, an entertainment lounge, and a coffee venue.
  • Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment.