George to Oversee Construction and Opening of Penn National Gaming’s
New Property in Massachusetts
WYOMISSING, Pa.--(BUSINESS WIRE)--May 12, 2014--
Penn National Gaming, Inc. (Nasdaq:PENN) (the “Company” or “Penn
National Gaming”) announced today that Lance George, currently the
General Manager of Argosy Casino Sioux City in Sioux City, Iowa, has
been named General Manager of Plainridge Park Casino in Plainville,
Massachusetts. The appointment is effective May 26, 2014, and is subject
to customary regulatory approvals. Mr. George, who will report directly
to John Finamore, Senior Vice President of Regional Operations for Penn
National Gaming, will oversee the construction, staffing and anticipated
2015 opening of Plainridge Park Casino, as well as the current and
ongoing standardbred harness racing operations at the facility.
Prior to joining Penn National Gaming in 2011, Mr. George was with
Pinnacle Entertainment, where he served as Vice President & General
Manager of Boomtown Casino and Hotel in Bossier City, Louisiana from
December 2010 to August 2011, and as Vice President and Assistant
General Manager of Boomtown Casino in Harvey, Louisiana from July 2009
to December 2010. He joined Pinnacle Entertainment in February 2003 as a
Database Marketing Analyst at the Belterra Casino & Resort in Indiana
and held similar roles at several of Pinnacle’s properties and in the
company’s corporate operations department. Prior to entering the gaming
industry, Mr. George held positions at several technology companies. He
holds a Bachelor of Arts degree in Communications from the University of
New Hampshire.
Mr. Finamore commented, “The appointment of Lance as General Manager of
Plainridge Park Casino represents the first major step for Penn National
in building a strong local management team that will oversee the
construction, staffing, start-up and opening activities at what will be
the first gaming facility to open in the Commonwealth of Massachusetts.
Lance’s proven management experience in regional gaming markets big and
small, as well as his deep expertise in database and property marketing
activities will serve him well as he builds a local team to establish
Plainridge Park Casino as a leading regional gaming and entertainment
destination. We also expect him to build on Penn National Gaming’s
long-term history of helping to preserve live racing and the thousands
of jobs the racing industry supports. Finally, we are confident Lance
and his team will be strong local partners in the community and know
he’s eager to continue the great relationships that have been
established with the regional business community, area charities and
civic organizations, and our local and state officials.”
About Plainridge Park Casino
Plainridge Park Casino will include a fully integrated 106,000 square
foot racing and gaming facility featuring live harness racing and
simulcasting with 1,250 slot machines, an upscale casual dining
restaurant, the first-ever Doug Flutie Sports Bar, three-venue food
court, harness concourse bar, multi-purpose banquet room, entertainment
lounge and casino bar, 1,620 structured and surface parking spaces.
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-seven
facilities in eighteen jurisdictions, including Florida, Illinois,
Indiana, Iowa, Kansas, Maine, Massachusetts, 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,” “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, including risks related to the ultimate
location of the various other gaming facilities in Massachusetts, the
ongoing efforts in the state to repeal the enabling legislation and
litigation challenging the award of the category two license, and
accordingly, any forward looking statements are qualified in their
entirety by reference to the factors described in Penn National Gaming’s
Annual Report on Form 10-K for the year ended December 31, 2013,
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.
Eric Schippers, 610-373-2400
Sr.
Vice President, Public Affairs
or
JCIR
Joseph N. Jaffoni,
Richard Land
212-835-8500 or penn@jcir.com
