Massachusetts’ First Casino Will Include Nine
Dining and Entertainment Venues, Live Harness Racing, and over
1,200 Slot Machines and Electronic Table Games
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National
Gaming”) announced today that pending final regulatory approval by
the Massachusetts Gaming Commission, Plainridge Park Casino will
open its doors to the public on Wednesday, June 24, 2015 bringing
top-flight dining, gaming, and entertainment options to the
Commonwealth.
“We are excited to set our opening date for the first casino in
Massachusetts. This state-of-the-art facility will offer premier
gaming, dining, entertainment, and racing options that are
unmatched in the region,” said Tim Wilmott, President and Chief
Executive Officer of Penn National Gaming. “Conveniently located
near the south I-495 and I-95 interchange, Plainridge Park Casino
will provide our guests with a variety of memorable experiences in
an exciting, high energy setting.”
Plainridge Park Casino will feature nine dining and
entertainment venues including, among others:
- Flutie’s Sports Pub, Boston
College-legend Doug Flutie’s first restaurant in the Commonwealth,
featuring memorabilia from his college, CFL and NFL careers;
- Revolution 1776 Lounge, home to live
local entertainment throughout the year;
- Slack’s Oyster House and Grill, a
casual upscale restaurant offering a state-of-the-art 25-seat
oyster bar, along with the region’s freshest seafood and finest
steaks; and
- b. good, a rapidly growing Boston-based
restaurant company and winner of the Greater Boston Chamber of
Commerce’s 2014 Small Business of the Year Award, offering locally
sourced all-natural burgers, seasonal salads, and much more.
“We are proud of the economic opportunities we’re bringing to
Massachusetts, and specifically to Norfolk and Bristol counties,”
Wilmott added. “In generating more than 500 new jobs, we will be a
significant employer in the region. We believe the facility is
already serving as a catalyst for additional economic development
in the area and will continue to spur economic growth in the
future.”
Lance George, General Manager of Plainridge Park Casino, said,
“We’re nearing the goal line and our team is thrilled to finally be
in position to open our doors on June 24 and usher in an exciting
new era for this region and the Commonwealth.
“Our opening will mark the culmination of a project that has
enjoyed strong support from our host and surrounding communities,
elected officials, labor unions, local vendors, and the
approximately 1,000 local construction workers who had a hand in
building Plainridge Park Casino. We are deeply grateful for their
efforts, which have been instrumental in our ability to open this
facility only 15 months after our groundbreaking last March.
“We look forward to highlighting additional milestones in the
coming weeks, including the beginning of the live racing season,
the installation of the Commonwealth’s first slot machines, and
more as we approach the grand opening,” George concluded.
The $225 million facility is located on Route 1 (301 Washington
Street in Plainville) at exit 14B on I-495, roughly four miles from
the I-95 interchange, approximately 35 miles from Boston and 18
miles from Providence.
The 106,000 square foot venue will also include a multi-purpose
banquet room, simulcast wagering, and approximately 1,800
structured and surface parking spaces. Upon opening on June 24,
Plainridge Park Casino will operate 24 hours a day, seven days a
week.
Renderings, logos of the dining and entertainment venues, and
current photos of the exterior of Plainridge Park Casino can be
found here: http://bit.ly/19DaEWZ
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. At December 31, 2014, the Company operated
twenty-six facilities in seventeen jurisdictions, including
Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Maryland,
Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio,
Pennsylvania, Texas, West Virginia, and Ontario. At December 31,
2014, in aggregate, Penn National Gaming’s operated facilities
featured approximately 31,000 gaming machines, 760 table games and
3,100 hotel rooms.
Forward-Looking Statements
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,” “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, including future plans, strategies,
performance, developments, acquisitions, capital expenditures, and
operating results. Actual results may vary materially from
expectations. These forward looking statements are inherently
subject to risks, uncertainties and assumptions about Penn National
Gaming and its subsidiaries, including risks related to the
potential construction delays and the ultimate location of other
gaming facilities in the state, and accordingly, any forward
looking statements are qualified in their entirety by reference to
the factors discussed in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2014, as well as any subsequent
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
each as filed with the United States 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.
for Penn National GamingBill Ryan,
617.699.3057bryan@pilgrim-strategies.comorC.J. Chapman,
413.519.7212cj@pilgrim-strategies.com
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