WYOMISSING, Pa. & BANGOR, Maine--(BUSINESS WIRE)--Jan. 31, 2014--
Penn National Gaming, Inc. (PENN: Nasdaq) (the “Company” or “Penn
National Gaming”) announced today that Jose Flores, who has served as
the Assistant General Manager of Hollywood Casino at Charles Town Races
in Charles Town, West Virginia since August 2011, has been promoted to
General Manager of Hollywood Casino Hotel & Raceway Bangor, replacing
John Osborne who recently announced his retirement from Penn National
Gaming. Mr. Flores’ appointment, effective March 2014, is subject to
customary regulatory approvals and he will report directly to John
Finamore, Senior Vice President of Regional Operations for Penn National
Gaming.
Mr. Flores, a 20-year veteran of the gaming industry, began his career
at Empress Joliet in 1994 and has been with Penn National Gaming since
the Company acquired Argosy Gaming Company in October 2005. During his
tenure at Empress Joliet and then Hollywood Casino Joliet, he held
several positions of increasing responsibility in food and beverage
operations including Vice President of Facility Operations from August
2009 until his move to Charles Town in August 2011. Mr. Flores holds a
Bachelor’s Degree in Business Administration as well as a Masters of
Business Administration from Robert Morris University.
Mr. Finamore commented, “We believe that Jose’s strong track record of
success in roles of increasing importance and responsibility at both our
Joliet and Charles Town properties over the course of a 20-year career
make it clear that he is the ideal person to take the reins from John
Osborne at Hollywood Casino Hotel & Raceway in Bangor. He has
demonstrated keen knowledge of the entire spectrum of property
operations at two key facilities, and we believe he will put that
experience to good use and build on the success we’ve had in Bangor
under John’s leadership. We expect Jose to further develop our
relationships with local horsemen, the Bangor community and at the state
level while reinforcing the property’s status as the region’s leading
gaming and racing entertainment facility.
“I would also like to extend sincere thanks on behalf of the entire Penn
National Gaming team to John Osborne as he retires after a 10-year
career at the Company and a gaming industry career that spans over 30
years. John was instrumental in building the Hollywood brand at
Hollywood Casino Tunica, one of the first Hollywood-branded properties
in Penn National Gaming’s portfolio following its acquisition by the
Company in March 2003, and has since September 2009 built a strong
operation in Bangor. We thank John for his tireless efforts and wish him
the best as he moves on to this well-deserved next chapter of his life.”
About Penn National Gaming
Penn National Gaming, through its subsidiaries, owns, operates or has
ownership interests in gaming and racing facilities with a focus on slot
machine entertainment. The Company presently operates twenty-six
facilities in seventeen jurisdictions, including Florida, Illinois,
Indiana, Iowa, Kansas, Maine, Maryland, Mississippi, Missouri, Nevada,
New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and
Ontario. In aggregate, Penn National's operated facilities feature
approximately 31,000 gaming machines, 800 table games and 2,900 hotel
rooms.
Forward-Looking Statements
This press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements can be identified by the use of forward looking terminology
such as “expects,” “believes,” “estimates,” “expects,” “intends,” “may,”
“will,” “should” or “anticipates” or the negative or other variation of
these or similar words, or by discussions of future events, strategies
or risks and uncertainties. Such forward looking statements are
inherently subject to risks, uncertainties and assumptions about Penn
National Gaming and its subsidiaries, and accordingly, any forward
looking statements are qualified in their entirety by reference to the
factors described in Penn’s Annual Report on Form 10-K for the year
ended December 31, 2012, subsequent Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K as filed with the Securities and Exchange
Commission. All subsequent written and oral forward looking statements
attributable to Penn National Gaming or persons acting on the Company’s
behalf are expressly qualified in their entirety by the cautionary
statements included in this press release. Penn National Gaming
undertakes no obligation to publicly update or revise any forward
looking statements contained or incorporated by reference herein,
whether as a result of new information, future events or otherwise,
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.
Source: Penn National Gaming, Inc.
Penn National Gaming, Inc.
Saul V. Reibstein
Chief Financial
Officer
610-373-2400
or
JCIR
Joseph N. Jaffoni,
Richard Land
212-835-8500
penn@jcir.com
