Penn National Debuts Inaugural Hollywood Poker Open Featuring Five Regional Tournaments Culminating with Las Vegas Championship

 Penn National Debuts Inaugural Hollywood Poker Open Featuring Five Regional
Tournaments Culminating with Las Vegas Championship at M Resort with $500,000

- First Regional Event Held Nov. 8-18 at Hollywood Casino Lawrenceburg -

PR Newswire

WYOMISSING, Pa. and LAS VEGAS, Oct. 25, 2012

WYOMISSING, Pa. and LAS VEGAS, Oct. 25, 2012 /PRNewswire/ --Penn National
Gaming is launching the inaugural Hollywood Poker Open (HPO) next month at
Hollywood Casino Lawrenceburg (Indiana) followed by qualifying tournaments at
four Penn National properties culminating with the $500,000 championship event
at the M Resort Spa Casino in Las Vegas on June 28-30. Poker players can enter
the championship event with a $2,500 buy-in or by qualifying through a
regional event or local promotion such as a satellite or drawing.

The action begins on November 8 in Lawrenceburg, Indiana with ten days of
events including a $200,000 guaranteed Deep Stack No Limit Hold' Em opening
event, Seniors and Ladies No Limit Hold' Em, Pot Limit Omaha as well as mega
satellites. Winners of Events 1 through 8, plus mega satellite winners, will
earn a $2,500 seat for the championship in Las Vegas and $1,500 in travel
expenses. All events will allow entries and re-entries through Level 4.

Early in 2013, the action moves to the M Resort in Las Vegas where from
January 25-27 a $70,000 prize pool is guaranteed over the three-day event.

Known for operating some of the largest and most comfortable poker rooms at
its casinos in the East and Midwest, Penn National will host the final three
regional tournaments in spring 2013 at Hollywood Casino at Charles Town Races
(West Virginia), Hollywood Casino St. Louis (Missouri) and Hollywood Casino
Columbus (Ohio). Tournament dates will be announced shortly.

"Poker players throughout America's heartland have come to know the Hollywood
brand and its reputation for hosting some of the hottest poker action in the
industry," said Gaye Gullo, Penn National Corporate Vice President, Marketing.
"The inaugural Hollywood Poker Open is a great way for our players to match
strategy and wits and allows us to introduce top players to the luxurious M
Resort in Las Vegas. In doing so, we'll expand the choices in poker rooms and
tournaments we make available to our players while strengthening our brand."

To reserve seats for the HPO Championship Event ($2,500 buy-in) and the HPO
event in Lawrenceburg and obtain additional information about future HPO
tournaments, visit

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming and
racing facilities with a focus on slot machine entertainment. The company
presently operates twenty-eight facilities in nineteen jurisdictions,
including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana,
Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio,
Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's
operated facilities currently feature approximately 34,700 gaming machines,
approximately 800 table games, 2,400 hotel rooms and approximately 1.5 million
square feet of gaming floor space. Penn National has agreed to acquire
Harrah's St. Louis gaming and lodging facility from Caesars Entertainment with
the transaction expected to close in the fourth quarter of 2012.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results may vary
materially from expectations. Although Penn National Gaming, Inc. and its
subsidiaries (collectively, the "Company") believe that our expectations are
based on reasonable assumptions within the bounds of our knowledge of our
business and operations, there can be no assurance that actual results will
not differ materially from our expectations. Meaningful factors that could
cause actual results to differ from expectations include, but are not limited
to, risks related to the following: our ability to successfully integrate the
new facilities into our existing business; our ability to receive timely
regulatory approval for and to otherwise complete our planned acquisition of
Harrah's St. Louis (failure to do so could, among other things, result in the
loss of certain deposits); our ability to successfully integrate Harrah's St.
Louis into our existing business; our expectations for the continued
availability and cost of capital; our dependence on key personnel; and other
factors as discussed in the Company's Annual Report on Form 10-K for the year
ended December 31, 2011, subsequent Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K as filed with the SEC. The Company does not intend to
update publicly any forward-looking statements except as required by law.

SOURCE Penn National Gaming

Contact: Gaye Gullo, Vice President, Marketing, Penn National Gaming, Inc.,
+1-610-373-2400; or Brent Burkhardt, TBC Public Relations, +1-410-986-1303,
Press spacebar to pause and continue. Press esc to stop.