The company will acquire remaining holdings from Warner Gaming;
expect to close in second quarter of 2020
SIOUX CITY, Iowa (Dec. 11, 2019) – Peninsula Pacific Entertainment, which currently owns 50% of Hard Rock Hotel & Casino Sioux City, has announced an agreement with Warner Gaming to purchase 100% ownership of the property. The agreement is expected to be finalized in the second quarter of 2020 based on regulatory approvals.
“Hard Rock Hotel & Casino Sioux City is a highly successful property that offers the best dining, gaming and entertainment experience in the region,” said M. Brent Stevens, Chairman and Managing Partner of Peninsula Pacific Entertainment. “We have a long history with Hard Rock, and in Iowa communities, and we are excited to continue to grow our community engagement and investment in Sioux City.”
No changes are expected to the day-to-day operations of the hotel and casino. All employees will continue with the organization.
“We have enjoyed the opportunity to be a part of the Hard Rock Hotel & Casino Sioux City over the last six years,” said Bill Warner, Chief Executive Officer of Warner Gaming. “Moving forward, the property is in great hands with Peninsula Pacific Entertainment, and I look forward to seeing it continue to grow and thrive.”
The hotel and casino, which began operating in 2014, offers premier entertainment including more than 800 slot machines; 26 table games including craps, poker, blackjack and Texas hold’em; and three dining options, including the AAA Three Diamond-rated gastropub, Main + Abbey. Guests can also stay in one of the hotel’s AAA Four Diamond-rated luxurious rooms.
“Providing outstanding service and quality is a never-ending priority at each of our Peninsula Pacific Entertainment properties, including Hard Rock,” said Stevens. “This is a step in our direction to continue improving the Siouxland with an exceptional place to work, a memorable place to stay or play, and a way for us to contribute to the region’s economy.”
When the agreement is finalized, Hard Rock Hotel & Casino Sioux City will operate under the Peninsula Pacific Entertainment umbrella of companies, which includes del Lago Resort & Casino in Waterloo, N.Y., DiamondJacks Hotel and Casino in Bossier City, La., Colonial Downs Racetrack in New Kent, Va., and Rosie’s Gaming Emporium locations in Chesapeake, Va., Hampton, Va. and Vinton, Va.
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About Peninsula Pacific Entertainment
Peninsula Pacific Entertainment (P2E) operates premium gaming venues that focus on outstanding service and exceptional quality. Founded in 1999 by Brent Stevens, the company combines more than 20 years in the industry with its keen managerial experience and investment expertise to pursue new development opportunities nationwide. P2E is committed to strengthening communities through its gaming properties and also inspires its employees to give back. Headquartered in Los Angeles, the company operates facilities in Iowa, Louisiana, New York and Virginia.
About Hard Rock Hotel & Casino Sioux City
Hard Rock Hotel & Casino Sioux City is an award-winning gaming destination offering more than 850 slot machines and 26 table games. The property’s Hard Rock Hotel is a AAA Four Diamond rated hotel, a distinction which only five percent of the more than 28,000 properties approved by AAA achieve. Complementing the Hotel and Casino are six restaurants and bars including the World Tour Buffet, Fuel American Grill, and Main + Abbey, the property’s AAA Three Diamond rated restaurant. For more information, please visit https://www.hardrockcasinosiouxcity.com/.
About Hard Rock®: With venues in 76 countries spanning 262 locations that include owned/licensed or managed Hotels, Casinos, Rock Shops® and Cafes - Hard Rock International (HRI) is one of the most globally recognized companies. Beginning with an Eric Clapton guitar, Hard Rock owns the world's most valuable collection of music memorabilia at more than 83,000 pieces, which are displayed at its locations around the globe. In 2018, Hard Rock International was recognized as a Forbes Magazine Top Employer for Women and Land Operator of the Year at the Global Gaming Awards. In 2019, Hard Rock International was honored as one of Forbes Magazine’s America’s Best Large Employers, Forbes Magazine’s Top Employers for Women and No. 1 in J.D. Power’s 2019 North America Hotel Guest Satisfaction Study among Upper Upscale Hotel Chains. Hard Rock destinations are located in the world’s greatest international gateway cities, including its two most successful flagship properties in Florida and home to the world’s first Guitar Hotel® in South Florida, where its headquarters are located. The brand is owned by HRI parent entity The Seminole Tribe of Florida. For more information on Hard Rock International visit www.hardrock.com or shop.hardrock.com.