The parties anticipate an approximately ninety-day period for an orderly transition of the management of the Casino to JIVDC, beginning today.
The termination of the management and other services provided by the Company and SDGV, as applicable, will be effective on May 28, 2018. “The Company, San Diego Gaming Ventures, LLC, a subsidiary of the Company (“SDGV”), the Jamul Indian Village of California, a federally recognized Indian tribe (the “Jamul Tribe”), and Jamul Indian Village Development Corporation (“JIVDC”), a body corporate and politic existing as an instrumentality of the Jamul Tribe, have mutually agreed that the Company and SDGV, as applicable, will no longer manage the Hollywood Casino Jamul-San Diego, a gaming and entertainment facility owned by JIVDC (the “Casino”), and will cease to provide branding and development services.
Penn National Gaming, the nationwide financial interest behind Hollywood Casino, appears to be pulling the plug on operating its Jamul location, which opened amid controversy only 16 months ago after a years-long battle with the local community.Įxcerpts below from Penn’s February 27, 2018, filing with the Securities and Exchange Commission, seem to show the company transitioning management to the Jamul Indian Village tribe.
