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Tutor Perini Building Corp. Awarded $285 Million Pechanga Resort and Casino Expansion

02/25/16

SYLMAR, Calif.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that its subsidiary, Tutor Perini Building Corp., has been awarded a contract valued at $285 million by the Pechanga Development Corporation and has commenced work on the expansion of the Pechanga Resort and Casino in Temecula, California. The contract value will be included in the Company’s reported first quarter backlog.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160225005413/en/

Rendering of the Pechanga Resort and Casino Expansion (Photo: Business Wire)

Rendering of the Pechanga Resort and Casino Expansion (Photo: Business Wire)

The resort expansion project involves adding a new, AAA Four Diamond, 568-room and suite hotel wing; a stand-alone luxury two-story spa and salon with 17 treatment rooms, a fitness center and hydrotherapy pool terrace; a resort-style pool complex with eight pool areas; two new restaurants; and an additional 67,000 square feet of event space.

Tutor Perini has enjoyed a successful, long-term partnership with the Pechanga Development Corporation, the economic development branch of the Pechanga Band of Luiseño Indians, and previously completed multiple phases of the Pechanga Resort and Casino over the past 13 years.

“We are very pleased and excited to partner with Tutor Perini Building Corp. to build the $285 million expansion of the award-winning Pechanga Resort & Casino,” said Patrick Murphy, President of the Pechanga Development Corporation. Murphy continued, “Perini was the general contractor for the original Pechanga resort that opened in 2002. This development will complement our current offerings, enhance the resort experience for guests, and cement Pechanga Resort & Casino as the preeminent luxury gaming destination in California.”

The project is expected to be substantially completed by the end of 2017.

About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

Source: Tutor Perini Corporation

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

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