Penn National reports promotion

In his new position, Mr. Burke will be responsible for overseeing all facets of Penn National's eight facilities located in Mississippi, Louisiana, New Mexico, Missouri, Iowa and Colorado. Mr. Burke will report directly to Penn National President and Chief Operating Officer Timothy Wilmott. John Finamore, who has served as Senior Vice President Regional Operations since 2002, will continue to be responsible for overseeing operations throughout the remaining regions where the Company operates and also reports to Mr. Wilmott. Mr. Wilmott will oversee operations at Penn National's Lawrenceburg, Indiana facility on an interim basis as the Company completes construction of its new riverboat, which will feature 1,500 additional gaming positions, enhanced amenities and a floor layout that better facilitates customer flow.

Mr. Burke has nearly 30 years of gaming industry experience, having served in various senior management positions in diverse regulated jurisdictions including New Jersey, Indiana, Missouri, Colorado and Melbourne, Australia. Mr. Burke joined Penn National Gaming in 2002 as President and General Manager of the Company's Bullwhackers Casinos in Black Hawk, Colorado and has managed the Riverside, Missouri operations since 2006 including the highly successful April 2007 opening of Argosy Casino Hotel & Spa's Mediterranean-themed, nine-story, 258-room hotel and spa. Under Mr. Burke's leadership, the property recently surpassed Harrah's North Kansas City to become the second highest revenue generating property in the Kansas City market.

Prior to joining Penn National Gaming, Mr. Burke held senior management positions at Trump Taj Mahal Casino Resort and Trump Castle, American Gaming and Entertainment, the Majestic Star Casino and Station Casinos.

Commenting on the appointment, Timothy Wilmott said, "As one of the nation's leading gaming facility operators, Penn National has consistently emphasized the attraction and development of premier, results-oriented management talent. Tom's extensive industry experience has been valuable to Penn National at the properties that he has managed and in terms of developing strategies for optimizing results throughout our portfolio.

"With John Finamore and Tom jointly responsible for Penn National's entire regional portfolio, we've streamlined our organizational structure which is expected to result in further operational efficiencies and the opportunity to implement regional marketing initiatives and programs. Tom's contributions to our Bullwhackers and Riverside properties over the last six years have provided him with in-depth knowledge of Penn National's markets, personnel and return on investment-focused operating style and we look forward to his continued contributions in his new and expanded role."

Mr. Burke earned a Bachelor of Arts in Economics from Rutgers University, New Brunswick, New Jersey and a Master in Business Administration from Monmouth University in West Long Branch, New Jersey. He plans to relocate to Penn National Gaming's corporate headquarters in Wyomissing, Pennsylvania.