Members include: All Slots Casino
(www. The Company
presently operates eleven facilities
in nine jurisdictions including
West Virginia, Illinois, Louisiana, Mississippi, Pennsylvania, New
Jersey, Colorado, Maine and Ontario. Furthermore, the Company does not intend to update publicly
any forward-looking statements except as required by law.
against slot
Our managers
have been in constant discussion
with eCOGRA to learn how best to implement
this program."
About the Jackpot Factory Group
With four online casinos and one poker room, the Jackpot Factory Group
(www. The Company
intends
to use the net proceeds from the offering to fund the
previously announced redemption of all $200
million in aggregate
principal amount of the Company's outstanding 11 1/8% Series B Senior
Subordinated
Notes due March 1, 2008 and for general corporate
purposes.stop blocks
In aggregate, Penn National's
facilities
feature over 13,000 slot machines, 260 table games, 1,286
hotel rooms and 417,000 square feet of
gaming floor space.position activists
"Gambling on video slots, or any other casino game for that matter, is a
great form of leisure and entertainment, but for some it can potentially be
dangerous.wildjack
.activists erie
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The Jackpot Factory Group
(www.mob gaming
We are pleased to be a part of this important
effort and
proud that the high standards of integrity held by our casinos are worthy
of the eCOGRA
seal," said David Brickman, Spokesperson for the Jackpot
Factory Group.jackpotfactory. (PENN:Nasdaq
) announced today that it had priced a
private offering of $250 million aggregate principal amount
of its 6
3/4% Senior Subordinated Notes due 2015.gambling position
com) is a leading online casino group. Using
Microgaming
technology, the Jackpot Factory Group offers the largest and
latest selection of games, and as a
member of eCOGRA, the group prides
itself on fast payouts and honest play.
This press release
contains forward-looking statements within the
meaning of the Private Securities Litigation Reform
Act of 1995,
including those relating to the offering, the redemption of the
Company's outstanding
11 1/8% Series B Senior Subordinated Notes due
2008 and the pending acquisition of Argosy Gaming
.activism opposing
In compliance with eCOGRA, all Jackpot Factory Group casinos offer advice
on how to gamble
in a responsible manner and how to detect potential
gambling problems.
David Brickman further
explained, "Our mission is to promote safe, fun
responsible gaming and for this reason we're committed
to do our role in
stopping underage gambling. Although the Company believes that
its expectations
are based on reasonable assumptions within the bounds
of its knowledge of its business and operations
, there can be no
assurance that actual results will not differ materially from the
Company's expectations
.position against
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PRESS RELEASE Jackpot Factory Launches Responsible Gaming Program
The casinos allow players to take
the National Opinion
Research Center of the University of Chicago's (NORC) confidential
diagnostic
test, a highly respected test used by psychologists across the
country. For more information, please
visit
us at www.
The sale of the new Senior Subordinated Notes is expected to close
on March
9, 2005, subject to customary closing conditions.
The new Senior Subordinated Notes have not been
registered under
the Securities Act of 1933, as amended, or any state securities laws
and may
not be offered or sold in the United States absent
registration or an applicable exemption from the
registration
requirements of the Securities Act of 1933 and applicable state
securities laws.
The Company is currently in the process of completing the
disposition of the Shreveport, Louisiana
Hollywood Casino.gambling anti
As one of the largest online casino groups focusing on slots
and roulette, the
Jackpot Factory is taking the bull by the horns. In November
2004, Penn National agreed to acquire
all of the outstanding shares of
Argosy Gaming Company, which it expects to complete in the second
half
of 2005. The
cautionary advice in this paragraph is permitted by the Private
Securities
Litigation Reform Act of 1995.casino activists
"The Jackpot Factory Group cares first and foremost about our
players. Jackpot Factory is among the first to implement our
suggested program, which includes staff
training in this critical area,"
said Andrew Beveridge, CEO of eCOGRA.
About Penn National
Gaming
Penn National Gaming owns and operates casino and horse racing
facilities with a focus
on slot machine entertainment.blocks accuses
gambling anti
com), a leading online casino group, announced today
that it has successfully
implemented a responsible gaming program
formulated by the eCommerce and Online Gaming Regulation
and Assurance
(eCOGRA).jackpotfactory.com), First Web
Casino (www.
Business Editors
WYOMISSING, Pa. In particular, consummation of Penn National's
acquisition of Argosy Gaming is
subject to several conditions
including the approval of various governmental entities, including
certain gaming regulatory authorities to which the companies are
subject.casino gamblers
As
such, we take
the issue of responsible gaming very seriously.
Jackpot Factory
"eCOGRA strongly believes that the prevention of underage
gambling and
identifying and helping problem gamblers is a core objective in running an
integrity
-driven online gambling operation with player protection
front-of-mind. Casino managers have been
trained on the latest
technology and ID techniques to detect red flags as soon as they happen.alljackpots
.wildjackpoker.com).
slots opposition
The Microgaming powered casino group, representing All Slots
Casino,
All Jackpots Casino, First Web Casino, and Wild Jack Casino and
Poker, feels that it is imperative
for the online casino industry to act in
a proactive and responsible manner on the issue of responsible
gaming.Penn National Gaming Inc. Prices $250 Million Senior Subordinated Notes Offering
The new
Senior Subordinated
Notes will be unsecured senior subordinated obligations of the Company
and
will not be guaranteed.position blocks
com), and
Wild Jack Poker (www.problem activism
jackpotfactory. If a player needs a cooling
off period, we're going to encourage
them to do so.----Penn National
Gaming, Inc.casino mob
Actual results
may
vary materially from expectations.opposition opposing
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com.casino erie
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