Sep. 30, 2010 (Business Wire) -- Penn National Gaming, Inc. (Nasdaq: PENN) announced today that Chief Financial Officer, William Clifford, will participate in an audio webcast in conjunction with the Company’s presentation at the Deutsche Bank 2010 Leveraged Finance Conference to be held at The Phoenician Hotel in Scottsdale, Arizona on Thursday, October 7, 2021 at 10:55 a.m. ET.
The webcast will be accessible at www.pngaming.com (“Financial Info”/“Events & Webcasts”) and management’s PowerPoint presentation will also be available at www.pngaming.com (“Financial Info”/“Executive Presentations”) on Thursday, October 7, at 10:55 a.m. ET. Audio replays will be available on the Company’s website immediately following the conference and will be archived for 90 days.
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-three facilities in sixteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Maryland, Mississippi, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn National’s operated facilities feature over 27,800 gaming machines, over 500 table games, over 2,000 hotel rooms and over one million square feet of gaming floor space.
Penn National Gaming recently opened Maryland’s first casino and added table games to its facilities in West Virginia and Pennsylvania. Through a joint venture, Penn National is developing a full casino at Kansas Speedway in Kansas City, which is anticipated to open in the first half of 2012, and is also developing casinos in Toledo and Columbus, Ohio, with openings targeted for 2012. The Company recently agreed to establish a joint venture (subject to final approval by the Texas Racing Commission and the satisfaction of certain other closing conditions) to own and operate pari-mutuel operations in Texas, including the Sam Houston Race Park in Houston, Texas, the Valley Race Park in Harlingen, Texas and a planned racetrack in Laredo, Texas.
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 “Penn National”) 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 Penn National’s actual results to differ from expectations include, but are not limited to, risks related to the following: our ability to maintain regulatory approvals for our existing businesses and to receive regulatory approvals for our new businesses; delays in obtaining regulatory approvals required to complete, or other delays or impediments to completing, our pending transactions, including relative to satisfaction of certain conditions to closing; the passage of state, federal or local legislation that would expand, restrict, further tax, prevent or negatively impact operations (such as a smoking ban at any of our facilities or the results of local referenda) in the jurisdictions in which we do business or seek to do business; the activities of our competitors and the emergence of new competitors; construction factors, including delays, unexpected remediation costs, local opposition and increased cost of labor and materials; the costs and risks involved in the pursuit of those development opportunities; the availability and cost of financing; the effects of local and national economic, credit, capital market, housing, energy conditions on the economy in general and on the gaming and lodging industries in particular; and other factors as discussed in Penn National’s Annual Report on Form 10-K for the year ended December 31, 2009, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC. Penn National does not intend to update publicly any forward-looking statements except as required by law.
Penn National Gaming, Inc
William J. Clifford, 610/373-2400
Chief
Financial Officer
or
Jaffoni & Collins Incorporated
Joseph
N. Jaffoni, Richard Land, 212/835-8500
penn@jcir.com
