He admitted that there is still a ways to go, even when the peak is passed in the pandemic. We’ve sold one of our properties in Vegas in return for rent credits,” Schippers said. “We’ve had to freeze all spending, we’re looking at and have announced we’ve restructured our rent payments with our landlord, which is a real estate investment trust.
He said the company is being as creative as possible to preserve liquidity and give leeway to climb out of the situation when the clear is given. Schippers said PNG has also set up an emergency fund for team members, which has surpassed $1.4 million to this point. Penn National Gaming (PNG), which has 41 properties in 19 states, gave employees payments through the end of March and health benefits through June 30. Relations for the company appeared on a recent MetroNews ‘Takline’ and said around 26,000 team members have been furloughed, including 1,300 in Charles Town. Penn National Gaming, which owns Hollywood Casino at Charles Town Races, has been forced to take drastic measures to stay afloat during the COVID-19 pandemic.Įric Schippers, the Senior Vice President of Public Affairs & Govt.
