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National Gaming To Report Fourth Quarter Results

15/01/2003

Penn National Gaming, Inc. announced that it will release its fourth quarter financial results at 7:00 a.m. EST on Wednesday, February 12 and will host a conference call and simultaneous webcast at 10:00 a.m. EST on Wednesday, February 12. Both the call a

The conference call number is 212/896-6108 or 415/537-1868; please call five minutes in advance to ensure that you are connected prior to the presentation. Questions and answers will be reserved for call in analysts and investors. Interested parties may also access the live call on the Internet at www.companyboardroom.com allow 15 minutes to register and download and install any necessary software. Following its completion, a replay of the call can be accessed until February 26, by dialing 800/633-8284 or 402/977-9140 (international callers). The access code for the replay is 21104848. A replay of the call can also be accessed for thirty days on the Internet via www.companyboardroom.com

Penn National owns and operates Charles Town Races in Charles Town, West Virginia, which presently features 2,583 gaming machines (with approval to offer 3,500 machines); two Mississippi casinos, the Casino Magic hotel, casino, golf resort and marina in Bay St. Louis and the Boomtown Biloxi casino in Biloxi; the Casino Rouge, a riverboat gaming facility in Baton Rouge, Louisiana and the Bullwhackers properties in Black Hawk, Colorado. Penn National also owns two racetracks and eleven off-track wagering facilities in Pennsylvania; the racetrack at Charles Town Races in West Virginia; a 50% interest in the Pennwood Inc. joint venture which owns and operates Freehold Raceway; and operates Casino Rama, a gaming facility located approximately 90 miles north of Toronto, Canada, pursuant to a management contract. Penn National has agreed to acquire Hollywood Casino Corporation, the owner and operator of Hollywood-themed casino entertainment facilities under the service mark Hollywood Casino? in Aurora, Illinois; Tunica, Mississippi and Shreveport, Louisiana. In addition to historical facts or statements of current condition, this press release contains 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 are subject to a number of risks and uncertainties that could cause the statements made to be incorrect and the actual results to differ materially. Penn National describes certain of these risks and uncertainties in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2001. Penn National does not intend to update publicly any forward-looking statements except as required by law. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995.

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