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|Penn National Gaming to Participate in Roth Capital 23rd Annual OC Growth Stock Conference on March 15|
WYOMISSING, Pa., Mar 08, 2011 (BUSINESS WIRE) --
Penn National Gaming, Inc. (Nasdaq: PENN) announced today that Vice President of Finance, Mario Kontomerkos, will participate in an audio webcast in conjunction with the Company's presentation at ROTH Capital Partners' 23rd Annual OC Growth Stock Conference to be held at The Ritz Carlton, Laguna Niguel in Dana Point, CA on Tuesday, March 15 at 8:00 a.m. PT (11:00 a.m. ET).
The webcast will be accessible at www.pngaming.com ("Financial Info"/"Events & Webcasts") or www.wsw.com/webcast/roth24/penn. Management's PowerPoint presentation will also be available at www.pngaming.com ("Financial Info"/"Executive Presentations") on Tuesday, March 15 at 11:00 a.m. ET. Audio replays will be available on the Company's website 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 27,000 gaming machines, over 500 table games, over 2,000 hotel rooms and over 1 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. In September 2010, the Company 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, the Valley Race Park in Harlingen, and a planned racetrack in Laredo. In October 2010, Penn National purchased all of the outstanding debt of The M Resort LLC. The M Resort Spa Casino is situated on over 90 acres on the southeast corner of Las Vegas Boulevard. Penn National recently entered into an asset purchase agreement with M Resort's equity owners that will allow the Company to convert its debt ownership into full equity, subject to, among other things, regulatory approvals.
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. Penn describes certain of these risks and uncertainties in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2010. Meaningful factors which could cause actual results to differ from expectations described in this press release include, but are not limited to, the passage of state, federal or local legislation that would expand, restrict, further tax or prevent racing and/or gaming operations; the activities of our competitors and the emergence of new competitors; construction factors, including delays, 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; our relations and agreements with horsemen groups and labor unions; our receipt of applicable regulatory approvals and other factors as discussed in the Company's filings with the United States Securities and Exchange Commission. Furthermore, the Company does not intend to update publicly any forward-looking statements except as required by law. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995.
SOURCE: Penn National Gaming, Inc.
Penn National Gaming, Inc.