Penn National Gaming Names New VP

10 Aug 2005

WYOMISSING, Pennsylvania -- (PRESS RELEASE) -- Penn National Gaming, Inc. (Nasdaq: PENN) today announced that Eugene P. Clark has been named Senior Vice President, Human Resources, subject to customary regulatory approvals. Mr. Clark succeeds George Connolly, Vice President, Human Resources, who recently announced his retirement.

Mr. Clark will be responsible for all facets of Penn National Gaming's Human Resources Department, including company-wide organizational development; training and leadership activities; compensation management; recruiting and retention initiatives; and employee reward and recognition programs. He will be based at the company's Wyomissing headquarters and will report to Penn National Gaming President and Chief Operating Officer, Kevin DeSanctis.

Mr. Clark brings nine years of gaming industry experience to his new position at Penn National. Before joining the company, Mr. Clark held various human resources positions at Caesar's Entertainment, most recently serving as Corporate Vice President, Organizational Development. Prior to his work in the gaming industry, Mr. Clark spent 10 years in human resources with the international consulting firm Coopers and Lybrand (now PriceWaterhouseCoopers) in the Philadelphia and Washington, D.C. offices.

Kevin DeSanctis commented on the appointment: "Gene is joining Penn National at a very exciting time as we continue work on several expansion and development projects and make final preparations for the closing of the Argosy Gaming Company acquisition. Gene brings a proven track record in successfully integrating acquisitions of this size and scope. His wealth of experience will be instrumental in helping us to expand our human resources capabilities through this period of growth."

Penn National Gaming owns and operates casino and horse racing facilities with a focus on slot machine entertainment. The Company presently operates eleven facilities in nine jurisdictions including West Virginia, Illinois, Louisiana, Mississippi, Pennsylvania, New Jersey, Colorado, Maine and Ontario. In aggregate, Penn National's facilities feature over 13,000 slot machines, 260 table games, 1,286 hotel rooms and 417,000 square feet of gaming floor space. In November 2004, Penn agreed to acquire all of the outstanding shares of Argosy, which it expects to complete in August of 2005.

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	Penn National Gaming Names New VP 10 Aug 2005 WYOMISSING, Pennsylvania -- (PRESS RELEASE) -- Penn National Gaming, Inc. (Nasdaq: PENN) today announced that Eugene P. Clark has been named Senior Vice President, Human Resources, subject to customary regulatory approvals. Mr. Clark succeeds George Connolly, Vice President, Human Resources, who recently announced his retirement. Mr. Clark will be responsible for all facets of Penn National Gaming's Human Resources Department, including company-wide organizational development; training and leadership activities; compensation management; recruiting and retention initiatives; and employee reward and recognition programs. He will be based at the company's Wyomissing headquarters and will report to Penn National Gaming President and Chief Operating Officer, Kevin DeSanctis. Mr. Clark brings nine years of gaming industry experience to his new position at Penn National. Before joining the company, Mr. Clark held various human resources positions at Caesar's Entertainment, most recently serving as Corporate Vice President, Organizational Development. Prior to his work in the gaming industry, Mr. Clark spent 10 years in human resources with the international consulting firm Coopers and Lybrand (now PriceWaterhouseCoopers) in the Philadelphia and Washington, D.C. offices. Kevin DeSanctis commented on the appointment: "Gene is joining Penn National at a very exciting time as we continue work on several expansion and development projects and make final preparations for the closing of the Argosy Gaming Company acquisition. Gene brings a proven track record in successfully integrating acquisitions of this size and scope. His wealth of experience will be instrumental in helping us to expand our human resources capabilities through this period of growth." Penn National Gaming owns and operates casino and horse racing facilities with a focus on slot machine entertainment. The Company presently operates eleven facilities in nine jurisdictions including West Virginia, Illinois, Louisiana, Mississippi, Pennsylvania, New Jersey, Colorado, Maine and Ontario. In aggregate, Penn National's facilities feature over 13,000 slot machines, 260 table games, 1,286 hotel rooms and 417,000 square feet of gaming floor space. In November 2004, Penn agreed to acquire all of the outstanding shares of Argosy, which it expects to complete in August of 2005.