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Penn National Gaming to Participate at the Telsey Advisory Group Spring Conference on Tuesday, April 9

  Penn National Gaming to Participate at the Telsey Advisory Group Spring
  Conference on Tuesday, April 9

5th Annual Telsey Advisory Group Spring Conference

Business Wire

WYOMISSING, Pa. -- April 02, 2013

Penn National Gaming, Inc. (Nasdaq: PENN) announced today that Vice President,
Finance and Investor Relations, Hayes Croushore, will participate in an audio
webcast in conjunction with the Company’s participation at the 5^th Annual
Telsey Advisory Group Spring Conference at the InterContinental Hotel New York
Times Square. The Company’s group presentation and associated webcast will be
held on Tuesday, April 9, at 2:05 p.m. ET. Management will also meet with
institutional investors at the conference that day.

The webcast will be accessible at www.pngaming.com (“Investors”/“Events”) or
http://wsw.com/webcast/tag9/penn/ and an archived audio replay will be
available on the Company’s website following the conference for 90 days.
Management’s PowerPoint presentation will also be available at
www.pngaming.com (“Investors”/“Presentations”) on Tuesday, April 9 at 2:05
p.m. ET.

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-nine 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 34,800 gaming machines,
approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million
square feet of gaming floor space.

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” or “PENN”) 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: the proposed
separation of PropCo from PENN, including our ability to timely receive all
necessary consents and approvals, the anticipated timing of the proposed
separation, the expected tax treatment of the proposed transaction, the
ability of each of the post spin Company and PropCo to conduct and expand
their respective businesses following the proposed spin-off, and the diversion
of management’s attention from traditional business concerns; our ability to
obtain timely regulatory approvals required to own, develop, operate and/or
relocate our facilities (a request to relocate our Ohio race tracks in
encountering regulatory challenges at this time) , or other delays or
impediments to completing our planned acquisitions or projects, including
favorable resolution of any related litigation, including the appeal by the
Ohio Roundtable addressing the legality of video lottery terminals in Ohio;
our ability to secure state and local permits and approvals necessary for
construction; construction factors, including delays, unexpected remediation
costs, local opposition and increased cost of labor and materials; our ability
to successfully integrate Harrah’s St. Louis into our existing business; our
ability to reach agreements with the thoroughbred and harness horseman in Ohio
in connection with the proposed relocations and to otherwise maintain
agreements with our horseman, pari-mutuel clerks and other organized labor
groups; the passage of state, federal or local legislation (including
referenda) that would expand, restrict, further tax, prevent or negatively
impact operations in or adjacent to the jurisdictions in which we do or seek
to do business (such as a smoking ban at any of our facilities); the effects
of local and national economic, credit, capital market, housing, and energy
conditions on the economy in general and on the gaming and lodging industries
in particular; the activities of our competitors and the emergence of new
competitors (traditional and internet based); increases in the effective rate
of taxation at any of our properties or at the corporate level; our ability to
identify attractive acquisition and development opportunities and to agree to
terms with partners for such transactions; the costs and risks involved in the
pursuit of such opportunities and our ability to complete the acquisition or
development of, and achieve the expected returns from, such opportunities; our
expectations for the continued availability and cost of capital; the outcome
of pending legal proceedings; changes in accounting standards; our dependence
on key personnel; the impact of terrorism and other international hostilities;
the impact of weather; and other factors as discussed in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2012, 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.

Contact:

Penn National Gaming, Inc.
William J. Clifford, 610-373-2400
Chief Financial Officer
or
JCIR
Joseph N. Jaffoni, Richard Land, 212-835-8500
penn@jcir.com
 
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