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|Penn National Gaming Names Jim Rigot General Manager of Hollywood Casino Baton Rouge|
WYOMISSING, Pa. & BATON ROUGE, La., Nov 17, 2011 (BUSINESS WIRE) --
Penn National Gaming, Inc. (Nasdaq: PENN) announced today that subject to customary regulatory approvals, Jim Rigot has been named General Manager of Hollywood Casino Baton Rouge effective November 30. He succeeds John Chaszar, who became the General Manager of Argosy Casino Riverside this summer, and will report to Thomas Burke, Senior Vice President of Regional Operations at Penn National Gaming.
Mr. Rigot has over 30 years of gaming and hospitality industry experience, the majority of which has been in large destination markets, and comes to Penn National from parx casino in Bensalem, PA where he served as Vice President of Table Games. Prior to joining parx, Rigot served as General Manager of Trump Plaza Hotel and Casino in Atlantic City, NJ for five years. While at Trump Plaza he was responsible for all aspects of the property's operations including its ongoing marketing efforts in an increasingly competitive market, executing the strategic objectives of the facility, monitoring and making changes to address financial performance and building a customer service-oriented culture among employees and overall development of the executive staff. Prior to Trump Plaza, Rigot served as Vice President of Casino Operations at the Borgata Hotel Casino and Spa in Atlantic City, NJ for three years and at Foxwoods Resort Casino in CT for three years. Earlier in his career, he spent approximately ten years in the Atlantic City market in a variety of senior casino operations roles at Trump Plaza, the Tropicana Hotel and Casino and Merv Griffin's Resorts Casino Hotel.
Thomas Burke commented, "Hollywood Casino Baton Rouge is the leading casino entertainment destination in Baton Rouge and we look forward to the property benefiting from Jim's extensive experience in the operation of large destination gaming properties. The re-branding of Hollywood Casino Baton Rouge in 2007 has been a solid success thanks in part to the extensive $8.5 million facility-wide upgrade that dramatically enhanced the guest experience. We look to Jim to build upon this success as he establishes himself with our local team and within the community, and his extensive experience in competitive gaming markets will position us well as a new property in Baton Rouge is expected to come online in mid-2012.
"Hollywood Casino Baton Rouge recently expanded its entertainment options with the opening of the Boogie Nights dance club and we've upgraded the property and surrounding area with the completion of a four lane railroad underpass that dramatically improves access to the facility. We believe Jim's record of success in some of the country's largest and most competitive destination gaming markets will be a valuable asset as our Baton Rouge property continues to evolve with the local market in the coming years."
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-five facilities in eighteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's operated facilities feature approximately 28,500 gaming machines, approximately 600 table games, 2,400 hotel rooms and 1.1 million square feet of gaming floor space.
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 quarter of 2012, and is also developing casinos in Toledo and Columbus, Ohio, with openings targeted for 2012.
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 that could cause actual results to differ from expectations include, but are not limited to, risks related to the following: our ability to receive, or delays in obtaining, the regulatory approvals required to own, develop and/or operate our facilities, or other delays or impediments to completing our planned acquisitions or projects, including favorable resolution of any related litigation and/or enforcement of contingent settlement agreements; our ability to secure state and local permits and approvals necessary for construction; construction factors, including delays, unexpected remediation costs, local opposition and increased cost of labor and materials; the passage of state, federal or local legislation (including referenda) that would expand, restrict, further tax, prevent or negatively impact operations in or adjacent to the jurisdictions in which we do business (such as a smoking ban at any of our facilities) or in jurisdictions where we seek to do business; the effects of local and national economic, credit, capital market, housing, and energy conditions on the economy in general and on the gaming and lodging industries in particular; the activities of our competitors and the emergence of new competitors; our expectations for the continued availability and cost of capital; the maintenance of agreements with our horsemen, pari-mutuel clerks and other organized labor groups; the outcome of pending legal proceedings; changes in accounting standards; our dependence on key personnel; the impact of terrorism and other international hostilities; the impact of weather; and other factors as discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC. The Company does not intend to update publicly any forward-looking statements except as required by law.
SOURCE: Penn National Gaming, Inc.
Penn National Gaming, Inc.