- Hollywood Casino West Virginia Reopening Today
- Hollywood Casino West Virginia Reopening
- Hollywood Casino West Virginia Reopening Dates
WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or the “Company”) announced today that on May 18, 2020, the Company successfully reopened its five casino properties in Louisiana. The Company also announced that it plans to reopen its five casinos in Mississippi on Thursday, May 21, 2020, pending final regulatory approval. The reopened facilities represent over 25% of the Company’s portfolio of regional casino assets.
Penn National has implemented property-specific comprehensive social distancing and safety protocols, developed in close consultation with state regulators and public health officials. Examples of these procedures can be found at www.pngaming.com/covid-19. Additionally, each property that has received approval to reopen has provided more details for on-site health and safety protocols on its corresponding property website.
Charleston, W.Va. (WTRF)- Casinos and movie theaters received the green light from West Virginia Governor Jim Justice to re-open on June 5. Justice’s reopening plan, West Virginia Strong — The Comeback, casinos are to be allowed to re-open with limited services. Casinos will be restricted to 50 percent capacity. May 22, 2020 Poker, Law, Casino West Virginia’s five licensed casinos have been given the green light to reopen on June 5, while limited video lottery retailers could restart Saturday, May 30, according to a Monday announcement from the eastern U.S. State’s Governor Jim Justice. Download Today and Get $10 mycash and 5M credits at my choice casino. You already know you can earn at every turn and cash in on great rewards with my choice ®. Now, you can also get real-time updates on your account with the all-new my choice rewards loyalty app. Plus, get $10 my cash ® and 5M credits to play for fun at my choice casino when.
“As the largest operator of casinos in Louisiana and Mississippi, we are excited and grateful to be able to reopen our doors and welcome back our team members and loyal guests to our facilities,” 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 properties nationwide, and I want to thank the team at Penn who has worked tirelessly over the last several weeks to prepare for this process.”
The Louisiana properties that reopened include Boomtown Casino Bossier City, Boomtown Casino New Orleans, L’Auberge Casino Baton Rouge, L’Auberge Casino Lake Charles and Margaritaville Casino Bossier City. The Mississippi properties scheduled to reopen this week include 1st Jackpot Casino Tunica, Ameristar Casino Hotel Vicksburg, Boomtown Casino Biloxi, Hollywood Casino Gulf Coast and Hollywood Casino Tunica. Each state’s gaming facilities must operate at a limited capacity at this time, per state and regulatory guidelines.
Other states are beginning to prepare for the resumption of gaming operations, including West Virginia, which is anticipated to reopen on June 5, 2020. The Company will provide updated information on the scheduled reopening of its properties upon receiving final approval from state regulators.
Snowden continued, “Penn National is very well-positioned to resume its positive momentum that was cut short in mid-March by the COVID-19 pandemic. Our geographic diversification across 19 states - with no more than 15% of our revenues being derived from any single state - should be a significant benefit as states begin to open casinos on a sequential basis.”
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, Michigan, Mississippi, Pennsylvania and West Virginia. 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. The Company also has a leading customer loyalty program, mychoice, with over five million active customers.
Forward-looking Statements
Hollywood Casino West Virginia Reopening Today
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, and other natural or manmade disasters or 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; ((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.
WYOMISSING, Pa.--(BUSINESS WIRE)--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 Governor will be continuing to work with the state’s licensed casinos, as well as local, state and federal health authorities 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. “Since the coronavirus threat began, we have implemented stringent CDC-recommended protocols throughout our enterprise, including increased daily cleaning regimens, maximizing air circulation, cancelling or postponing all live events, and we’re in the process of reducing the number of chairs at our dining facilities, table games and poker rooms, as well as the number of slot machines in play at any one time, to increase social distancing, among other initiatives.
“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. In addition, we’ll be donating perishable food items to the Jefferson County Community Ministries and other local organizations.
“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 casino to welcome our loyal customers back,” concluded Mr. Snowden.
Hollywood Casino West Virginia Reopening
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 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 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
Hollywood Casino West Virginia Reopening Dates
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 casino in West Virginia 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.