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Penn National Gaming to Participate in J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, February 26



  Penn National Gaming to Participate in J.P. Morgan Global High Yield &
  Leveraged Finance Conference on Tuesday, February 26

Business Wire

WYOMISSING, Pa. -- February 25, 2013

Penn National Gaming, Inc. (PENN: Nasdaq) announced today that Chief Financial
Officer, William Clifford, will be making a company presentation, including a
discussion of its plan to pursue the separation of its real estate assets from
its operating assets, at the J.P. Morgan Global High Yield & Leveraged Finance
Conference on Tuesday, February 26, 2013 at 11:00 a.m. ET. Mr. Clifford will
also participate in a question and answer session following his presentation
at the conference, which is being held at the Loews Miami Beach Hotel.

Management’s PowerPoint presentation will be available at www.pngaming.com
(“Investors”/“Presentations”) on Tuesday, February 26, 2013 at 11:00 a.m. ET.

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-nine facilities in nineteen jurisdictions, including
Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine,
Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio,
Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's
operated facilities currently feature approximately 35,600 gaming machines,
approximately 830 table games, 2,900 hotel rooms and approximately 1.6 million
square feet of gaming floor space.

Forward-looking Statements

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, the “Company” or “PENN”) 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 actual results to differ from expectations include,
but are not limited to, risks related to the following: the proposed
separation of PropCo from PENN, including our ability to timely receive all
necessary consents and approvals, the anticipated timing of the proposed
separation, the expected tax treatment of the proposed transaction, the
ability of each of the post spin Company and PropCo to conduct and expand
their respective businesses following the proposed spin-off, and the diversion
of management’s attention from traditional business concerns; our ability to
obtain timely 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, including the appeal by the Ohio Roundtable addressing the
legality of video lottery terminals in Ohio; 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; our ability to successfully integrate Harrah’s
St. Louis into our existing business; our ability to reach agreements with the
thoroughbred and harness horseman in Ohio in connection with the proposed
relocations and to otherwise maintain agreements with our horseman,
pari-mutuel clerks and other organized labor groups; 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 or seek to do business (such as a smoking
ban at any of our facilities); 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 (traditional and
internet based); increases in the effective rate of taxation at any of our
properties or at the corporate level; our ability to identify attractive
acquisition and development opportunities and to agree to terms with partners
for such transactions; the costs and risks involved in the pursuit of such
opportunities and our ability to complete the acquisition or development of,
and achieve the expected returns from, such opportunities; our expectations
for the continued availability and cost of capital; 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, 2011, 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.

Contact:

Penn National Gaming, Inc.
William J. Clifford, 610-373-2400
Chief Financial Officer
or
JCIR
Joseph N. Jaffoni, Richard Land
212-835-8500
penn@jcir.com
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