Penn National Gaming Appoints Bill Hayles as General Manager of Hollywood Casino at Penn National Race Course

  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 penn@jcir.com
 
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