“Our announcement today represents an important step toward our long-held goal to manage our own casino,” said JIVDC Chairwoman Erica Pinto. JIVDC stated that the termination of the casino’s current management company agreement with Penn National is a natural next step toward economic self-sufficiency for JIV. The $460 million Hollywood Casino Jamul-San Diego, which was developed by a Penn National subsidiary on behalf of JIV on its tribal lands approximately 20 miles east of downtown San Diego, has been managed and operated by a Penn National subsidiary since its opening on October 10, 2016. JAMUL, CALIFORNIA (March 1, 2018)- The Jamul Indian Village Development Corporation (“JIVDC”), a wholly owned entity of Jamul Indian Village (“JIV”), today announced plans for an orderly transition of the management of Hollywood Casino Jamul-San Diego from Penn National Gaming (NASDAQ: PENN) (“Penn National”) to JIVDC.
