Penn National Names Lance George General Manager of Plainridge Park Casino

  Penn National Names Lance George General Manager of Plainridge Park Casino

   George to Oversee Construction and Opening of Penn National Gaming’s New
                          Property in Massachusetts

Business Wire

WYOMISSING, Pa. -- May 12, 2014

Penn National Gaming, Inc. (Nasdaq:PENN) (the “Company” or “Penn National
Gaming”) announced today that Lance George, currently the General Manager of
Argosy Casino Sioux City in Sioux City, Iowa, has been named General Manager
of Plainridge Park Casino in Plainville, Massachusetts. The appointment is
effective May 26, 2014, and is subject to customary regulatory approvals. Mr.
George, who will report directly to John Finamore, Senior Vice President of
Regional Operations for Penn National Gaming, will oversee the construction,
staffing and anticipated 2015 opening of Plainridge Park Casino, as well as
the current and ongoing standardbred harness racing operations at the
facility.

Prior to joining Penn National Gaming in 2011, Mr. George was with Pinnacle
Entertainment, where he served as Vice President & General Manager of Boomtown
Casino and Hotel in Bossier City, Louisiana from December 2010 to August 2011,
and as Vice President and Assistant General Manager of Boomtown Casino in
Harvey, Louisiana from July 2009 to December 2010. He joined Pinnacle
Entertainment in February 2003 as a Database Marketing Analyst at the Belterra
Casino & Resort in Indiana and held similar roles at several of Pinnacle’s
properties and in the company’s corporate operations department. Prior to
entering the gaming industry, Mr. George held positions at several technology
companies. He holds a Bachelor of Arts degree in Communications from the
University of New Hampshire.

Mr. Finamore commented, “The appointment of Lance as General Manager of
Plainridge Park Casino represents the first major step for Penn National in
building a strong local management team that will oversee the construction,
staffing, start-up and opening activities at what will be the first gaming
facility to open in the Commonwealth of Massachusetts. Lance’s proven
management experience in regional gaming markets big and small, as well as his
deep expertise in database and property marketing activities will serve him
well as he builds a local team to establish Plainridge Park Casino as a
leading regional gaming and entertainment destination. We also expect him to
build on Penn National Gaming’s long-term history of helping to preserve live
racing and the thousands of jobs the racing industry supports. Finally, we are
confident Lance and his team will be strong local partners in the community
and know he’s eager to continue the great relationships that have been
established with the regional business community, area charities and civic
organizations, and our local and state officials.”

About Plainridge Park Casino

Plainridge Park Casino will include a fully integrated 106,000 square foot
racing and gaming facility featuring live harness racing and simulcasting with
1,250 slot machines, an upscale casual dining restaurant, the first-ever Doug
Flutie Sports Bar, three-venue food court, harness concourse bar,
multi-purpose banquet room, entertainment lounge and casino bar, 1,620
structured and surface parking spaces.

About Penn National Gaming

Penn National Gaming, through its subsidiaries, owns, operates or has
ownership interests in gaming and racing facilities with a focus on slot
machine entertainment. The Company presently operates twenty-seven facilities
in eighteen jurisdictions, including Florida, Illinois, Indiana, Iowa, Kansas,
Maine, Massachusetts, Maryland, Mississippi, Missouri, Nevada, New Jersey, New
Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate,
Penn National's operated facilities feature approximately 31,000 gaming
machines, 800 table games and 2,900 hotel rooms.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements can be
identified by the use of forward looking terminology such as “expects,”
“believes,” “estimates,” “intends,” “may,” “will,” “should,” or “anticipates,”
or the negative or other variation of these or similar words, or by
discussions of future events, strategies or risks and uncertainties. Such
forward looking statements are inherently subject to risks, uncertainties and
assumptions about Penn National Gaming and its subsidiaries, including risks
related to the ultimate location of the various other gaming facilities in
Massachusetts, the ongoing efforts in the state to repeal the enabling
legislation and litigation challenging the award of the category two license,
and accordingly, any forward looking statements are qualified in their
entirety by reference to the factors described in Penn National Gaming’s
Annual Report on Form 10-K for the year ended December 31, 2013, subsequent
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with
the Securities and Exchange Commission. All subsequent written and oral
forward looking statements attributable to Penn National Gaming or persons
acting on the Company’s behalf are expressly qualified in their entirety by
the cautionary statements included in this press release. Penn National Gaming
undertakes no obligation to publicly update or revise any forward looking
statements contained or incorporated by reference herein, whether as a result
of new information, future events or otherwise, except as required by law. In
light of these risks, uncertainties and assumptions, the forward-looking
events discussed in this press release may not occur.

Contact:

Penn National Gaming, Inc.
Eric Schippers, 610-373-2400
Sr. Vice President, Public Affairs
or
JCIR
Joseph N. Jaffoni, Richard Land
212-835-8500 or penn@jcir.com
 
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