Penn National Gaming Names Gary DeWitt, Jr. General Manager of Hollywood Gaming at Dayton Raceway

  Penn National Gaming Names Gary DeWitt, Jr. General Manager of Hollywood
  Gaming at Dayton Raceway

Business Wire

WYOMISSING, Pa. & DAYTON, Ohio -- July 30, 2013

Penn National Gaming, Inc. (PENN: Nasdaq) (the “Company”) announced today that
Gary DeWitt, Jr., 45, who has served as the Assistant General Manager of
Hollywood Casino Columbus since January 2013, has been named General Manager
of Hollywood Gaming at Dayton Raceway which is scheduled to open in the second
half of 2014. Mr. DeWitt’s appointment, effective January 2014, is subject to
customary regulatory approvals and he will report directly to Penn National
Gaming Senior Vice President of Regional Operations, John Finamore.

In his role as General Manager of Hollywood Gaming at Dayton Raceway, Mr.
DeWitt will have full responsibility for the start-up, opening and management
of the planned $125 million facility, including the recruitment and training
of employees. Hollywood Gaming at Dayton Raceway, under construction at the
intersection of Wagner Ford Road and Needmore Road in North Dayton, will
feature a video lottery terminal (VLT) facility with approximately 1,000 VLTs
at opening, a companion 5/8-mile state-of-the-art standardbred racetrack and a
variety of food and beverage options.

Mr. DeWitt, a 25-year veteran of the gaming industry, has been with Penn
National Gaming since 2005 when he joined Hollywood Casino Baton Rouge as Vice
President of Casino Operations. During that time, he also served as the
Company’s Corporate Slot Manager from October 2009 to January 2011. He was
named Assistant General Manager of Argosy Riverside in January 2011 and joined
the team at Hollywood Casino Columbus as Assistant General Manager in January
2013. Prior to joining Penn National, Mr. DeWitt served in a variety of
property-level senior management positions which included Vice President of
Slot Operations at Horseshoe Casino Hammond from October 1998 to July 2005,
and he also worked at other Caesars Entertainment facilities from February
1986 to October 1998 including the Showboat Las Vegas and the Company’s East
Chicago properties.

John Finamore commented, “We are excited to move Hollywood Gaming at Dayton
Raceway forward with the appointment of Gary as its first General Manager.
Construction is underway in North Dayton and we expect Gary’s experience at
several of our regional facilities as well as his integral role in the ongoing
ramp in operations at one of our newest and most exciting properties,
Hollywood Casino Columbus, will serve us well as he oversees the construction,
hiring process, opening and ramp of our new property in Dayton.

“Gary has been instrumental in effectively managing our Columbus operations
and has, in a relatively short time, built extensive ties to the local
community there and in the state of Ohio. We expect Gary to further establish
himself in Ohio and believe he is the ideal leader to spearhead our efforts to
build close ties with the Dayton community, state government officials and the
Ohio standardbred horsemen to ensure that Penn National and the new Hollywood
Gaming at Dayton Raceway is a valued member of the community from day one.”

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 eighteen jurisdictions,
including 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 34,500 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
favorable resolution of any related litigation, including the appeal by the
Ohio Roundtable addressing the legality of video lottery terminals in Ohio
(now before the Ohio Supreme Court); 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 reach agreements with the
thoroughbred and harness horseman in Ohio as well as certain labor
organizations in connection with the proposed projects 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