Penn National Gaming, Inc. (Nasdaq: PENN) ("Penn”) announced today that
Frank Quigley has been named General Manager of Hollywood Casino at Penn
National Race Course, subject to regulatory approval. Quigley has served
since 2007 as the General Manager of Penn National’s Empress Joliet
Casino and Hotel and Penn National expects to name his replacement at
that facility shortly. Quigley replaces Gary Luderitz who served as the
GM of Hollywood Casino at Penn National since 2005 and led the property
through its construction and its successful opening and operation since
February 2008.
Frank Quigley brings over 25 years of successful gaming industry
experience to his new position. Prior to serving as the General Manager
of Penn National’s Empress Joliet Casino and Hotel, he was the GM at
Penn National’s Argosy Sioux City and the GM of Argosy Casino-Baton
Rouge, (which Penn National divested in 2005). Before joining Argosy,
Mr. Quigley was an executive with Harrah’s Showboat Hotel and Casino in
Atlantic City, New Jersey where he served as Vice President of Slot
Operations. Previously, Quigley was a 20-year employee with Harrah’s
Casino in Atlantic City, where he ascended from dealer to the rank of
Vice President of Table Games/Credit/Security. In his new role, Frank
Quigley will be responsible for all facets of operations at Hollywood
Casino at Penn National Race Course.
John Finamore, Senior Vice President Regional Operations of Penn
National Gaming, commented, "We are appreciative of Gary’s efforts in
establishing Hollywood Casino at Penn National as a premier racing and
gaming destination in central Pennsylvania and wish him well in his
future endeavors. Frank is a proven gaming executive and we are
delighted that we have developed a depth of property-level management
that enables us to promote from within. Frank brings to his new role a
broad range of management skills and extensive industry knowledge and
experience with a strong focus on slot operations. At Joliet, Frank
developed an outstanding team of dedicated employees who quickly and
efficiently overcame this spring’s traumatic fire and temporary closure
of the facility, which re-opened in late June. Throughout his career,
Frank has effectively built the operating performance of gaming
facilities in major markets and in regional gaming markets in a manner
consistent with Penn National’s focus on generating returns on invested
capital and we look forward to the benefit of Frank’s contributions at
Penn National as we further develop the property and drive operating
efficiencies.”
About Penn National Gaming
Penn National Gaming owns and operates gaming and racing facilities with
a focus on slot machine entertainment. The Company presently operates
nineteen facilities in fifteen jurisdictions, including Colorado,
Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi,
Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, West Virginia, and
Ontario. In aggregate, Penn National’s operated facilities feature over
26,300 gaming machines, approximately 400 table games, over 2,000 hotel
rooms and over 959,000 square feet of gaming floor space.
In addition to historical facts or statements of current conditions,
this press release contains forward-looking statements that involve
risks and uncertainties within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements reflect
the Company’s current expectations and beliefs but are not guarantees of
future performance. As such actual results may vary materially from
expectations. 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 maintain regulatory approvals for our
existing businesses and to receive regulatory approvals for our new
businesses; the passage of state, federal or local legislation that
would expand, restrict, further tax, prevent or negatively impact
operations (such as a smoking ban at any of our facilities) in the
jurisdictions in which we do business; the maintenance of agreements
with our horsemen, pari-mutuel clerks and other organized labor groups;
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; and other factors as discussed in
the Company’s Annual Report on Form 10-K for the year ended December 31,
2008, 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.
