Jamul Indian Village of California (“JIV”) and a wholly owned
subsidiary of Penn National Gaming, Inc. (NASDAQ:PENN) (the
“Company” or “Penn National Gaming”) celebrated the “Topping Out”
of the planned $360 million Hollywood Casino Jamul-San Diego in a
private ceremony this month. In addition, JIV and Penn unveiled
dining and entertainment concepts as construction continues on the
Reservation.
“This marks another milestone in the development of our gaming
facility and path to economic independence,” said Erica Pinto,
Chairperson of Jamul Indian Village. “We are proud that this
project has already employed hundreds of San Diego County
construction workers and will continue to do so until our expected
opening next year.”
“Topping Out” is one of the construction industry’s oldest
customs. A black oak tree was placed on the last beam fitted into
the exterior of a building, celebrating the completion of the
structural components and marking the halfway point in the
construction of a facility. Photos from JIV’s Topping Out ceremony
can be found here: www.JamulIndianVillage.com/Press.
Construction of Hollywood Casino Jamul-San Diego includes an
eight-story parking garage being built below ground, while the
casino is being constructed concurrently and is supported by steel
structure. When complete, the exterior of the facility will feature
an earth tone color palette and downcast lighting to integrate with
and complement the surrounding area.
“We have worked tirelessly for well over a decade listening to
the voices of the community, addressing concerns, and ultimately
developing a project that blends seamlessly into the region,” said
Pinto. “We look forward to continuing to be good neighbors – and
now job creators, philanthropic leaders, and active business
partners in San Diego County.”
To date, approximately 20,000 cubic yards of concrete has been
poured and nearly 5,000 tons of steel have been erected.
Construction workers and the local building trades unions have
completed over 500,000 work hours. Hollywood Casino Jamul-San Diego
is expected to have created a total of 1,500 construction jobs upon
completion, and the gaming facility is expected to create
approximately 1,000 permanent jobs with benefits once it is
opened.
JIV and Penn National Gaming also unveiled the first dining and
entertainment concepts at Hollywood Casino Jamul-San Diego,
including, among others:
- Final Cut Steak & Seafood – a
contemporary American steakhouse serving hand-cut to order USDA
Prime Beef, fresh and local seafood, and an extensive wine
list;
- A noodle bar featuring authentic Asian
flavors will be served in traditional and contemporary dishes;
- An upscale sports bar and posh lounge
featuring national and regional entertainment located just steps
away from the gaming action;
- A roof-top beer garden highlighting
local and international breweries with expansive views of the
region; and
- A four-venue food court.
“These dining and entertainment offerings will provide customers
a variety of top quality options in one place,” said Richard St.
Jean, General Manager of the Hollywood Casino Jamul-San Diego.
“Importantly, it will also allow us to highlight products and
entertainment from East County to promote the region to guests and
drive visitation and sales to businesses throughout the area.”
JIV and Hollywood Casino Jamul-San Diego have created a Local
Business Partnership Program and are reaching out to area
businesses to identify products and services to sell and promote at
the casino. Additional information about the partnership program,
as well as the types of jobs that will be available at the casino,
can be found on JIV’s website, www.JamulIndianVillage.com. Digital
versions of the renderings can be found here:
www.JamulIndianVillage.com/Press.
About Hollywood Casino Jamul-San Diego
Expected to open in mid-2016, Hollywood Casino Jamul-San Diego
is located approximately 20 miles east of downtown San Diego off
State Route 94. The facility will feature approximately 1,700 slot
machines and 43 live table games along with multiple dining and
entertainment options.
About Jamul Indian Village of California
The Kumeyaay Nation of Southern California can be traced back
12,000 years with first European contact occurring at San Diego Bay
in 1524. Jamul Indian Village of California, one of 13 bands of the
Kumeyaay Nation federally recognized as a sovereign nation, traces
its roots to these natives. Jamul Indian Village of California
strives to provide a greater quality of life for its people by
providing educational opportunities, health care and employment
opportunities today to open the doors of tomorrow. Jamul Indian
Village of California entered into a 1999 Tribal-State compact in
October 1999 with then Governor Davis. For more information about
JIV, please visit www.JamulIndianVillage.com.
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 March 31, 2015, 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 March 31, 2015, 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 for Penn National Gaming
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, with respect to the
proposed Hollywood Casino Jamul-San Diego, particular risks
associated with financing a project of this type, sovereign
immunity, local opposition (including several pending lawsuits),
and building a complex project on a relatively small parcel; as
well as market conditions affecting local markets and the risks
associated with construction projects (such as delays and
unexpected costs), 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150625005360/en/
MJE MarketingMarlee J. Ehrenfeld,
619-682-3841Marlee@mjemarketing.comorPenn National GamingEric
Schippers, 610-373-2400Eric.Schippers@pngaming.com
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