πŸ€‘ Penn National Gaming Completes Acquisition of Hollywood Casino Corporation | Business Wire

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CLASS 42β€” (Continued). SN HOLLYWOOD CASINO CORPORATION, SN , HOLLYWOOD CASINO CORPORATION, DALLAS, TX.


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CLASS 42β€” (Continued). SN HOLLYWOOD CASINO CORPORATION, SN , HOLLYWOOD CASINO CORPORATION, DALLAS, TX.


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CLASS 42β€” (Continued). SN HOLLYWOOD CASINO CORPORATION, SN , HOLLYWOOD CASINO CORPORATION, DALLAS, TX.


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Additionally, Hollywood Casino Corporation has called for located in Shreveport, Louisiana, approximately miles east of Dallas, Texas.


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We believe the Shreveport casino, which will also incorporate our Hollywood theme, will be Suite , Noel Road, Dallas, Texas , and our telephone number is () Hollywood Casino Corporation Notes Offered.


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& DALLAS--(BUSINESS WIRE)--Aug. 7, Penn National Gaming, Inc. (​PENN: Nasdaq) announced today that it has entered into a definitive.


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Hollywood Casino - Tunica, a casino, hotel and entertainment complex located in Tunica County, Mississippi, approximately 30 miles south of Memphis, Tennessee. Investors and security holders will be able to obtain a free copy of this document when it becomes available at the Commission's web site www. The significant value our shareholders will be receiving reflects the culmination of several years of hard work by many dedicated employees of Hollywood. The access code for the replay is A replay of the call can also be accessed for thirty days on the Internet via www. Exchange: US Dollar. Hollywood Tunica has proven to be a consistent performer with over rooms, ample meeting space, an hole championship golf course and is an attractive destination resort. Some of these statements are those regarding the accretive nature of the merger, synergies arising from the merger, future capital expenditures, prospects for future growth, expectation of continued acquisitions and optimism in light of current economic conditions. Located in the pavilion are the property's acclaimed Epic Buffet, Hollywood Diner and Fairbanks Steakhouse restaurants and its state-of-the-art spa and fitness center. We are confident that our superior quality facilities will continue to generate impressive operating results under Penn National. Penn National also owns two racetracks and eleven off-track wagering facilities in Pennsylvania and the racetrack at Charles Town Races in West Virginia, and operates the Casino Rama, a gaming facility located approximately 90 miles north of Toronto, Canada, pursuant to a management contract. The , square foot dockside casino and entertainment facility is located in Aurora, Illinois, approximately 35 miles west of downtown Chicago. The property also features the Hollywood Epic Buffet R , which offers the latest in presentation style cooking, the Fairbanks R Steakhouse, the property's gourmet steak restaurant and a high-end player's lounge. Receive Email Alerts.{/INSERTKEYS}{/PARAGRAPH} Common Stock. We also understand that Penn National's existing properties plan to adopt the Hollywood Casino name and theme after the merger. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of Hollywood Casino anticipates filing a proxy statement with the Securities and Exchange Commission in the near future. Carlino, Chief Executive Officer of Penn National, said, "The acquisition of these well established properties represents a significant growth and expansion opportunity for Penn National and is attractive both strategically and financially. The Shreveport resort features the largest dockside casino in the Shreveport market, a room, all-suite hotel, an elegant land-based pavilion that includes a sixty-foot high atrium and extensive restaurant and entertainment amenities. The transaction is subject to a vote by stockholders of Hollywood Casino, gaming authorities and other regulatory approvals including expiration of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions, and is expected to be consummated in the first half of Certain stockholders of Hollywood Casino who control approximately Commenting on the transaction, Peter M. Following the proposed acquisition of Hollywood Casino, Penn National will own six dockside gaming facilities, a pari-mutuel horse racing facility with slots, a land-based casino, two pari-mutuel horse racing operations and eleven off-track wagering sites and hold a casino management contract for an international casino. Barstool Sports Investor Presentation. The dockside casino has 53, square feet of gaming space on a single level featuring 1, slot machines and 36 table games including the only poker room in Chicago. The casino includes the Adventure Slots themed gaming area featuring multimedia displays of memorabilia from famous adventure motion pictures and over slot machines. Penn National Gaming owns and operates Charles Town Races in Charles Town, West Virginia, which presently features 2, gaming machines with approval to offer 3, machines ; two Mississippi casinos, the Casino Magic hotel, casino, golf resort and marina in Bay St. Interested parties may also access the live call on the Internet at www. Lehman Brothers Inc. In addition, consummation of Penn National's acquisition of Hollywood Casino is subject to several conditions including the completion of Penn National's acquisition financing as well as the approval of various governmental entities, including certain gaming regulatory authorities to which the Companies are subject. The acquisition, which almost doubles our revenue base, is expected to be accretive to our operating results upon closing, builds the critical mass of our gaming operations and further diversifies the geographic reach of our operations without any overlap with our existing properties. IRS Form Skip to main navigation. The combined company will be the seventh largest public gaming company in the U. The property is Shreveport's first "true" destination resort and is also the market's first highly themed facility, utilizing an art-deco Hollywood theme throughout the property. In both cases these properties are viewed as the premier facility in their respective market and have access to major metropolitan feeder markets of Chicago and Dallas. Penn National and Hollywood Casino will be hosting a conference call and simultaneous webcast at p. The property's dockside casino contains approximately 59, square feet of space with approximately 1, slot machines and approximately 66 table games. Joseph N. Furthermore, the Companies do not intend to update publicly any forward-looking statements except as required by law. PDF Version. These statements are subject to a number of risks and uncertainties that could cause the statements made to be incorrect and the actual results to differ materially. The Tunica Casino was designed to replicate a motion picture sound stage and features a 54, square-foot, single-level casino with approximately 1, slot machines and 40 table games. Hollywood Casino - Aurora, arguably the finest gaming and entertainment product in the Chicago marketplace. Questions and answers will be reserved for call-in analysts and investors. {PARAGRAPH}{INSERTKEYS}Hollywood Casino and its subsidiaries own and operate Hollywood-themed casino entertainment facilities in Aurora, Illinois; Tunica, Mississippi; and Shreveport, Louisiana. EDT today, both of which are open to the general public. The combined company will be a large, diversified gaming company with a bright future. Penn National believes the transaction will be accretive to its operating results upon closing based on its analysis of Hollywood Casino's assets and their prospects, as well as expected financial and operating synergies. As a result, neither of these properties will require major near term capital investments to expand or refurbish these facilities. Press Release. Hollywood Casino - Shreveport, a , square foot entertainment facility located in Shreveport, Louisiana, approximately miles east of Dallas, Texas. Edward T. The Companies describe certain of these risks and uncertainties in their filings with the Securities and Exchange Commission, including their Annual Reports on Form K for the year ended December 31, Some of these risks include those relating to the ability of the Penn National to integrate and manage facilities it acquires, risks relating to the development and expansion of properties, risks of increased competition and risks relating to the fact that they are heavily regulated by gaming authorities. Our vision is to blend the successful operating and management disciplines of both companies to generate improved financial performance over prior year periods. Finally, in Hollywood Casino we are acquiring a solid brand with widespread recognition that can be applied to other Penn National assets to drive marketing programs and efficiencies. Jaffoni JCIR penn jcir. We are pleased to note that after the merger our properties will continue to operate under the Hollywood Casino brand. In addition to historical facts or statements of current condition, this press release contains forward-looking statements made by Penn National or Hollywood Casino collectively, the "Companies" within the meaning of Section 27A of the Securities Act of , as amended, and Section 21E of the Securities Exchange Act of , as amended. Like its Aurora and Shreveport counterparts, the Tunica casino is a superior quality facility that will require very modest near-term capital expenditures. The property recently opened a new spectacular dockside casino that replaced its two original, four level riverboat casinos.