Penn National Gaming Appoints Bill Hayles as General Manager of Hollywood Casino at Penn National Race Course Business Wire WYOMISSING & GRANTVILLE, Penn. -- May 29, 2013 Penn National Gaming, Inc. (PENN: Nasdaq) (the “Company”) announced today that Bill Hayles, currently the General Manager of Hollywood Casino Perryville, has been named General Manager of Hollywood Casino at Penn National Race Course, succeeding Frank Quigley, who is retiring after nearly 10 years with the Company. Mr. Hayles’ appointment is subject to customary regulatory approvals and is expected to be effective in late June. Bill Hayles is a 23-year veteran of the hospitality and gaming industry and has been at Penn National for over six years. Since June 2011, he has served as General Manager of Hollywood Casino Perryville during which time the property became the first in Maryland to launch live table games. As Assistant General Manager of Hollywood Casino at Charles Town Races from February 2010 to June 2011, he helped oversee the highly successful introduction of table games at the property as well as the introduction of the Final Cut Steakhouse, H Lounge and Skybox Sports Bar. Mr. Hayles also served as General Manager of Zia Park from 2007 to February 2010. Prior to joining Penn National, he spent six years at Harrah’s Entertainment and Caesars Entertainment in a variety of operations roles at the Company’s Atlantic City properties, and served in senior property management roles at Starwood Hotels and Resorts’ hotel and convention center in Atlantic City, New Jersey. Jay Snowden, Senior Vice President, Regional Operations at Penn National Gaming, commented, “During his tenure with Penn National, Bill has played key leadership roles at several properties that were undergoing change. At Hollywood Casino Perryville he successfully implemented live table games and elevated guest satisfaction while managing the property in the extremely challenging competitive environment of northern Maryland. He was a key member of the team that successfully integrated Zia Park into the Company’s overall property portfolio and was instrumental in the launch of table game operations at Charles Town. With his broad range of experience in the organization and the industry, we believe he is the ideal candidate to continue the great work done by Frank Quigley at Hollywood Casino at Penn National Race Course and expect him to further enhance the property’s strong relationships with the community and local horsemen. I’d also like to thank Frank for his tireless efforts to build our operation at Hollywood Casino at Penn National Race Course into what it is today and wish him the very best in his retirement.” 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; our ability to secure timely 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 reach agreements with 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 rapid emergence of new competitors (traditional, internet based and sweepstakes 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 or email@example.com
Penn National Gaming Appoints Bill Hayles as General Manager of Hollywood Casino at Penn National Race Course
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