| Date | Title | |
| 11/10/09 | Penn National Gaming to Present at Gaming Investment Forum on November 17 |  |
| 11/02/09 | Penn National Gaming Announces a Community Relations Advisory Agreement with Russell Simmons and Labor Framework Agreement with New York Hotel & Motel Trades Council, AFL-CIO |  |
| 10/26/09 | Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011 |  |
| 10/22/09 | Penn National Gaming to Participate in Wells Fargo Securities Consumer Growth Conference on Wednesday October 28 |  |
| 10/21/09 | Penn National Gaming Selected by Maryland Video Lottery Location Commission to Develop Video Lottery Terminal Facility in Cecil County |  |
| 10/21/09 | Penn National Gaming Reports Third Quarter Revenue of $620.4 Million |  |
| 10/09/09 | Penn National Gaming Names Anthony Carlucci General Manager of Hollywood Casino Tunica |  |
| 10/09/09 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 21 |  |
| 09/28/09 | Penn National Gaming Names John Osborne General Manager of Hollywood Slots Hotel & Raceway in Bangor |  |
| 09/24/09 | Penn National Gaming Granted Amendments to Extend Maturities and Expand Senior Secured Credit Facilities |  |
| 09/23/09 | Penn National Gaming to Participate in 2009 Deutsche Bank Leveraged Finance Conference on Wednesday September 30 |  |
| 09/16/09 | Penn National Gaming Names Jon Johnson General Manager of Empress Casino Hotel in Joliet |  |
| 09/10/09 | Penn National Gaming Enters into Agreement to Acquire Cordish's Interest in Proposed Destination Gaming Resort at Kansas Speedway |  |
| 09/04/09 | INSERTING and REPLACING Penn National Gaming, Inc. Announces Expiration and Results of Its Previously Announced Tender Offer and Consent Solicitation for Its 6 7/8% Senior Subordinated Notes Due 2011 |  |
| 09/01/09 | Penn National Gaming Response to Associated Press Story |  |
| 08/20/09 | Penn National Gaming, Inc. Extends Consent Deadline and Waives Consent Condition in Tender Offer and Consent Solicitation for Its 6â...% Senior Subordinated Notes Due 2011 |  |
| 08/14/09 | Penn National Gaming, Inc. Satisfies Financing Condition to Tender Offer and Consent Solicitation for 6⅞% Senior Subordinated Notes Due 2011 |  |
| 08/11/09 | Penn National Gaming, Inc. Prices $325 Million of 8¾ % Senior Subordinated Notes Due 2019 |  |
| 08/07/09 | Penn National Gaming Announces Proposed Private Offering of $250 Million of Senior Subordinated Notes |  |
| 08/06/09 | Penn National Gaming Announces Tender Offer and Consent Solicitation for Any and All of Its 6⅞% Senior Subordinated Notes Due 2011 |  |
| 08/06/09 | Penn National's Charles Town Races and Slots to Request December 5 Special Election for Table Games |  |
| 08/04/09 | Penn National Gaming Names Frank Quigley General Manager of Hollywood Casino at Penn National |  |
| 07/29/09 | Penn National Gaming Reports Second Quarter Revenue of $580.8 Million |  |
| 07/15/09 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 29 |  |
| 07/07/09 | Penn National Gaming to Participate in Oppenheimer's 9th Annual Consumer Gaming, Lodging & Leisure Conference on Wednesday July 15 |  |
| 06/29/09 | Hollywood Casino Lawrenceburg Puts Tri-State Players in the Spotlight with New Name, New Boat and New Gaming Experience |  |
| 06/17/09 | Penn National Gaming Expands Scope and Budget of Proposed Hollywood Casino and Resort in Wyandotte County, Kansas |  |
| 05/26/09 | Penn National Gaming to Present at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference 2009 on June 1 |  |
| 04/23/09 | Penn National Gaming First Quarter Diluted EPS of $0.38 Exceeds Guidance |  |
| 04/06/09 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 23 |  |
| 04/01/09 | Penn National Gaming Files Application to Become Lottery Gaming Facility Manager in Wyandotte County, Kansas |  |
| 03/30/09 | Penn National Gaming to Present at Telsey Advisory Group Consumer Conference on April 2 |  |
| 03/20/09 | Penn National Gaming Provides Update on Empress Casino |  |
| 03/11/09 | Penn National Gaming Backs Ohio Jobs and Growth Plan to Bring Gaming and Substantial Investment to Ohio's Four Largest Cities |  |
| 02/11/09 | Penn National Gaming to Present at ROTH 21st Annual OC Growth Stock Conference on February 18 |  |
| 02/05/09 | Penn National Gaming Reports Fourth Quarter Revenue of $571.1 Million |  |
| 02/04/09 | Penn National Gaming to Present at Deutsche Bank Small and Mid Cap Conference on February 10 |  |
| 01/16/09 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 5 |  |
| 12/02/08 | Penn National Gaming to Present at 12th Annual Wachovia Global Real Estate Securities Conference |  |
| 11/11/08 | Penn National Gaming to Present at Gaming Investment Forum on November 18 |  |
| 11/10/08 | Penn National Gaming Names Gaye Gullo Corporate Vice President of Marketing |  |
| 10/30/08 | Penn National Gaming Closes $1.25 Billion Series B Redeemable Preferred Stock Transaction |  |
| 10/27/08 | Penn National Gaming Reports Third Quarter Diluted EPS of $1.69 and EBITDA of $150.1 Million |  |
| 10/08/08 | Penn National Gaming Names Ameet Patel General Manager of Argosy Casino Riverside |  |
| 10/06/08 | Penn National Gaming Names Anthony Rodio General Manager of Argosy Casino Lawrenceburg |  |
| 10/02/08 | Penn National Gaming Revises Third Quarter Financial Guidance |  |
| 09/19/08 | Penn National Gaming to Participate in 2008 Deutsche Bank Leveraged Finance Conference on Thursday September 25 |  |
| 08/27/08 | Penn National Gaming to Participate in 2008 Barclays Capital Gaming, Hospitality and Leisure Credit Conference on Thursday September 4 |  |
| 08/20/08 | Penn National Gaming Promotes Thomas Burke to Senior Vice President Regional Operations |  |
| 07/24/08 | Penn National Gaming Reports Second Quarter Diluted EPS of $0.42 and EBITDA of $164.2 Million |  |
| 07/16/08 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 24th |  |
| 07/09/08 | Penn National Gaming to Participate in the Oppenheimer 8th Annual Consumer Growth Conference on Thursday July 10 |  |
| 07/07/08 | Penn National Gaming Secures Option to Acquire Potential Gaming Site in Perryville Maryland |  |
| 07/03/08 | Penn National Gaming and PNG Acquisition Company Inc. Terminate Merger Agreement |  |
| 06/06/08 | Penn National Gaming Extends Merger End Date |  |
| 06/05/08 | Penn National Gaming Secures Transaction Approval from the Iowa Racing and Gaming Commission |  |
| 05/29/08 | Penn National Gaming Secures Transaction Approval from the Pennsylvania Gaming Control Board |  |
| 05/15/08 | Penn National Gaming Secures Transaction Approval from the West Virginia Racing Commission |  |
| 04/24/08 | Penn National Gaming Reports First Quarter Diluted EPS of $0.46 |  |
| 04/17/08 | Penn National Gaming Secures Transaction Approval from the Mississippi Gaming Commission |  |
| 04/16/08 | Penn National Gaming Secures Transaction Approvals from the Pennsylvania State Horse Racing Commission and New Mexico Racing Commission |  |
| 04/16/08 | Penn National Gaming to Release First Quarter Results on April 24 |  |
| 04/15/08 | Penn National Gaming Secures Transaction Approval from the New Mexico Gaming Control Board |  |
| 03/20/08 | Penn National Gaming Secures Transaction Approval from the West Virginia Lottery Commission |  |
| 02/25/08 | Penn National Gaming Names Mark J. Loewe General Manager of Sanford-Orlando Kennel Club |  |
| 02/20/08 | Penn National Gaming to Retain Empress Casino Joliet |  |
| 02/07/08 | Penn National Gaming Reports Fourth Quarter Diluted EPS of $0.36 |  |
| 02/06/08 | Timothy J. Wilmott Appointed President and Chief Operating Officer of Penn National Gaming |  |
| 01/23/08 | Penn National Gaming to Release Fourth Quarter Results on February 7th |  |
| 12/12/07 | Penn National Gaming Wins Endorsement of Sumner County Commissioners for Proposed Hollywood Casino in Wellington, Kansas |  |
| 12/12/07 | Penn National Gaming Shareholders Approve Acquisition by Certain Funds Managed by Affiliates of Fortress Investment Group LLC and Centerbridge Partners L.P. |  |
| 11/28/07 | Penn National Gaming Files Application to Become Lottery Gaming Facility Manager in Sumner County, Kansas |  |
| 11/28/07 | Penn National Gaming Will Not Proceed with Acquisition of Rosecroft Raceway |  |
| 11/07/07 | Penn National Gaming Establishes Date for Special Meeting of Shareholders |  |
| 11/07/07 | Penn National Gaming Names William M. McLaughlin General Manager of Raceway Park |  |
| 10/25/07 | Penn National Gaming Reports Third Quarter Diluted EPS of $0.52, Inclusive of $0.02 Per Diluted Share Loss from Currency Translation |  |
| 10/17/07 | Penn National Gaming Completes Acquisition of Sanford-Orlando Kennel Club |  |
| 10/11/07 | Penn National Gaming to Release Third Quarter Results on October 25th |  |
| 09/11/07 | Penn National Gaming Advances to Execution of Definitive Agreement to Acquire Rosecroft Raceway |  |
| 08/30/07 | Penn National Gaming Files Application to Become Lottery Gaming Facility Manager in Southeast Kansas |  |
| 08/30/07 | Penn National Gaming Names Frank Quigley General Manager of Empress Joliet Casino and Hotel |  |
| 08/10/07 | Penn National Gaming Agrees to Acquire Rosecroft Raceway |  |
| 07/26/07 | Penn National Gaming Reports Second Quarter Diluted EPS of $0.43 |  |
| 07/12/07 | Penn National Gaming to Release Second Quarter Results on July 26th |  |
| 07/05/07 | Penn National Gaming to Acquire Sanford-Orlando Kennel Club |  |
| 06/15/07 | Penn National Gaming Agrees to Be Acquired by Certain Funds Managed by Affiliates of Fortress Investment Group LLC And Centerbridge Partners LP For $67.00 Per Share in Cash Transaction Valued at Approximately $8.9 Billion |  |
| 06/06/07 | Penn National Gaming Reports on Annual Meeting Results |  |
| 05/31/07 | Penn National Gaming Names John Chaszar General Manager of Hollywood Casino - Bay St. Louis |  |
| 05/07/07 | Penn National Gaming to Present at the Deutsche Bank Hospitality & Gaming Conference on May 11 |  |
| 04/30/07 | Penn National Gaming Board of Directors Authorizes $200 Million Share Repurchase Program in Conjunction with Shareholder Approval of 2007 Equity Compensation Plans |  |
| 04/26/07 | Penn National Gaming First Quarter Diluted EPS Of $0.49 Exceeds Guidance |  |
| 04/17/07 | Penn National Gaming Completes Zia Park Racetrack/Black Gold Casino Acquisition |  |
| 04/02/07 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 26th |  |
| 03/20/07 | Penn National Gaming to Present at the Lehman Brothers High Yield Bond & Syndicated Loan Conference on March 26 |  |
| 03/19/07 | Penn National Gaming to Present at the JPMorgan Gaming, Lodging & Restaurant Conference on March 26 |  |
| 03/13/07 | Penn National Gaming Names 28-Year Gaming Regulator, Thomas Auriemma, Vice President and Chief Compliance Officer |  |
| 02/21/07 | Penn National Gaming to Present at the Bear Stearns 13th Annual Retail, Restaurants & Consumer Conference on February 28 |  |
| 02/08/07 | Penn National Gaming Reports Fourth Quarter Diluted EPS of $1.00, Inclusive of Net Benefit from Insurance Proceeds, Impairment Charge and Loss on Discontinued Operations |  |
| 02/07/07 | Penn National Gaming to Present at Deutsche Bank Securities Small Cap Growth Conference on February 12 |  |
| 01/24/07 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 8 |  |
| 01/23/07 | Penn National Gaming Names Chett Harrison General Manager of Its Boomtown Biloxi Gaming Facility |  |
| 01/08/07 | Penn National Gaming Named Forbes Best Managed Hotel, Restaurant & Leisure Company |  |
| 12/07/06 | Penn National Gaming Names 14-Year Horse Racing Industry Executive, Christopher McErlean, Vice President of Racing |  |
| 11/08/06 | Penn National Gaming to Present at Gaming Investment Forum on November 14 |  |
| 11/07/06 | Penn National Gaming to Acquire Zia Park Racetrack/Black Gold Casino for $200 Million |  |
| 10/26/06 | Penn National Gaming Reports Third Quarter Diluted EPS of $1.79, Inclusive of $1.32 Per Share Gain on Sale |  |
| 10/04/06 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 26 |  |
| 10/02/06 | Penn National Gaming to Present at Deutsche Bank Fourteenth Annual High Yield Conference on October 5 |  |
| 09/27/06 | Penn National Gaming Granted Conditional Category 1 Slot Machine License for Planned Hollywood Casino(R) Racing and Gaming Facility |  |
| 09/13/06 | Penn National Gaming Commits $1 Million to Penn State Children's Hospital; Gift to Be Used for Campus Expansion at Penn State Milton S. Hershey Medical Center |  |
| 09/01/06 | Penn National Gaming Seeks Credit Facility Amendments |  |
| 08/09/06 | Penn National Gaming Secures Property Insurance of $400 Million with Sub-Limits of $200 Million for Named Windstorm and Related Storm Surge, Flood and Earthquake Coverage |  |
| 08/09/06 | Penn National Gaming and Mohegan Tribal Gaming Authority Amend Purchase Agreement |  |
| 07/27/06 | Penn National Gaming Reports Second Quarter Diluted EPS of $0.49, Inclusive of $.04 Per Share in Stock Compensation Charges |  |
| 07/27/06 | Penn National Gaming President and Chief Operating Officer to Leave Company by Year-End; Kevin DeSanctis to Pursue New Gaming Industry Opportunities Through Revel Entertainment; Heidrick & Struggles Retained to Commence Search for Successor |  |
| 07/25/06 | Penn National Gaming Names Amy McHale General Manager of Bullwhackers Casinos; Bruce Lowder Named Assistant General Manager |  |
| 07/10/06 | Penn National Gaming Second Quarter Results Conference Call and Webcast Moved to 10:00 a.m. ET on July 27 |  |
| 07/10/06 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 27 |  |
| 06/14/06 | Boomtown Biloxi to Host Grand Re-Opening June 29; 760 Employees to Serve and Welcome Patrons with 1,000 Slot Machines and Boomtown's Famous Buffet; Pier-based Expansion with Additional Gaming, Food and Beverage to Open in September |  |
| 05/22/06 | Casino Magic Bay St. Louis Is Going “Hollywood”!!!! |  |
| 05/02/06 | Penn National Gaming to Present at the Jefferies Gaming, Lodging, Media & Entertainment Conference on May 8 |  |
| 04/25/06 | Penn National Gaming Reports First Quarter Diluted EPS of $0.49, Inclusive of $0.11 Per Share in Charges for Early Extinguishment of Debt and Stock Compensation |  |
| 04/13/06 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 25 |  |
| 03/16/06 | Penn National Gaming to Present at the JPMorgan Gaming, Lodging and Restaurants Conference on March 21 |  |
| 03/14/06 | Penn National Gaming to Present at the Lehman Brothers High Yield Bond and Syndicated Loan Conference on March 16 |  |
| 03/06/06 | Penn National Gaming to Retain Argosy Casino-Alton; Penn National Also Granted Eighteen Month Extension From Illinois Gaming Board To Reach Agreement to Divest Empress Casino Joliet |  |
| 02/22/06 | Penn National Gaming to Present at Wachovia Securities Consumer Growth Conference on February 24 |  |
| 02/15/06 | Penn National Gaming to Present at Deutsche Bank Small Cap Conference on February 16 |  |
| 02/15/06 | Penn National Gaming Reports Fourth Quarter Diluted EPS of $0.44 Inclusive of $0.03 Per Share in Charges for Hurricane and Early Debt Extinguishment and $0.02 Per Share Gain from Discontinued Operations |  |
| 02/14/06 | Penn National Gaming, Inc. Calls for Redemption of 8 -7/8% Senior Subordinated Notes Due 2010 |  |
| 02/03/06 | Penn National Gaming Reschedules Fourth Quarter Results and Conference Call/Webcast to February 15 |  |
| 01/31/06 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 14 |  |
| 01/23/06 | Penn National Gaming to Present at Brean Murray, Carret & Co. Small Cap Investor Conference on January 31 |  |
| 12/22/05 | Penn National Gaming Files ''Category 1'' License Application for Proposed Integrated Racing and Gaming Facility at Penn National Race Course |  |
| 12/06/05 | Penn National Gaming Names Frank Quigley General Manager of Argosy Sioux City; Gaming Industry Executive Brings Twenty Five Years of Management Experience to Sioux City Facility |  |
| 11/29/05 | Penn National Gaming Names Desiree A. Burke Vice President and Corporate Controller |  |
| 11/14/05 | Penn National Gaming to Present at Deutsche Bank Hospitality and Gaming Conference on November 17 |  |
| 11/04/05 | Penn National Gaming to Present at Bear Stearns SMid-Cap Investor Conference on November 7 |  |
| 10/27/05 | Penn National Gaming Reports Third Quarter Diluted EPS of $0.64 Inclusive of $0.14 Per Share of Hurricane Charges and $0.41 Per Share Gain from Discontinued Operations; EBITDA Rises to $78.6 Million From $72.4 Million In Year Ago Period |  |
| 10/25/05 | Penn National Gaming Completes Sale of Argosy Casino-Baton Rouge |  |
| 10/18/05 | Penn National Gaming Expects to Complete Sale of Argosy Casino-Baton Rouge on October 24 |  |
| 10/10/05 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 27 |  |
| 10/05/05 | Penn National Gaming Names John ''Gary'' Luderitz General Manager of Proposed Pennsylvania Gaming Facility; Gaming Industry Executive Brings More Than Twenty Five Years of Experience to Future Hollywood Casino at Penn National Race Course |  |
| 10/03/05 | Penn National Gaming Closes $2.725 Billion Senior Secured Credit Facility to Fund Acquisition of Argosy Gaming Company and to Provide Additional Working Capital |  |
| 10/03/05 | Penn National Gaming Completes Acquisition of Argosy Gaming Company |  |
| 09/29/05 | Penn National Gaming Secures Illinois Gaming Board Approval to Proceed with Proposed Acquisition of Argosy Gaming Company |  |
| 09/27/05 | Penn National Gaming Announces Extension of Expiration Date for Tender Offers |  |
| 09/26/05 | Penn National Gaming Proposes Divesting Both Illinois Argosy Gaming Company Properties to Secure Illinois Gaming Board Approval to Proceed with Proposed Acquisition of Argosy |  |
| 09/15/05 | Penn National Gaming to Present at CL King Best Ideas Conference on September 20 |  |
| 09/14/05 | Penn National Gaming Announces Recalculation of Pricing in Tender Offers for All of Argosy Gaming Company's Senior Subordinated Notes |  |
| 09/13/05 | Penn National Gaming Announces Extension of Expiration Date for Tender Offers |  |
| 09/07/05 | Penn National Gaming Provides Update on Illinois Gaming Board Review of Proposed Acquisition of Argosy Gaming Company |  |
| 09/01/05 | Penn National Gaming Announces Recalculation of Pricing in Tender Offers for All of Argosy Gaming Company's Senior Subordinated Notes |  |
| 08/31/05 | Penn National Gaming Announces Extension of Expiration Date for Tender Offers |  |
| 08/31/05 | Penn National Gaming Provides Update on Gulf Coast Area Properties; Casino Rouge Re-Opened, Assessment of Damage to Casino Magic - Bay St. Louis and Boomtown Biloxi Properties Continues |  |
| 08/26/05 | Penn National Gaming Provides Update on Proposed Acquisition of Argosy Gaming Company |  |
| 08/24/05 | Penn National Gaming Named to FORTUNE'S List of 100 Fastest-Growing Companies for Fifth Consecutive Year |  |
| 08/19/05 | Penn National Gaming Secures Operators License in Maine |  |
| 08/18/05 | Penn National Gaming Announces Pricing in Tender Offers for All of Argosy Gaming Company's Senior Subordinated Notes |  |
| 08/12/05 | Penn National Gaming Announces Extension of Expiration Date for Tender Offers; Penn National Gaming Expects Acquisition of Argosy Gaming to Close September 1 |  |
| 08/11/05 | Penn National Gaming Names Richard J. Klemp Vice President, Government Relations |  |
| 08/10/05 | Penn National Gaming Names Eugene P. Clark Senior Vice President, Human Resources |  |
| 08/09/05 | Penn National Gaming Announces Extension of Expiration Date for Tender Offers |  |
| 08/04/05 | Penn National Gaming Announces Receipt of Requisite Consents in Previously Announced Consent Solicitations for Argosy Gaming Company's Senior Subordinated Notes and Extension of Expiration Date for Related Tender Offers |  |
| 07/28/05 | Penn National Gaming Reports Second Quarter Diluted EPS from Continuing Operations of $0.17 Inclusive of $0.21 of Charges; Adjusted Diluted Earnings Per Share Rise 31% to $0.38 From $0.29 In Year Ago Period |  |
| 07/21/05 | Penn National Gaming Announces Tender Offers and Consent Solicitations for All of Argosy Gaming Company's Senior Subordinated Notes |  |
| 07/15/05 | Penn National Gaming Subsidiary Expects to Close Proposed Purchase of Casino Rouge Real Estate Within Thirty Days |  |
| 07/08/05 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 28 |  |
| 06/20/05 | Penn National Gaming to Sell Argosy Casino-Baton Rouge for $150 Million |  |
| 05/12/05 | Penn National Gaming to Present at Davenport & Company Conference on May 19 at 8:15 A.M. EDT |  |
| 05/12/05 | Penn National Gaming to Present at Davenport & Company Conference on May 19 |  |
| 05/11/05 | Penn National Gaming Names Jon Johnson General Manager of New Gaming Facility in Maine |  |
| 05/05/05 | Penn National Gaming to Present at UBS Leveraged Finance Conference on May 12 |  |
| 04/26/05 | Penn National Gaming Reports First Quarter Diluted EPS from Continuing Operations That Exceeds Company's Guidance; Establishes 2005 Second Quarter Guidance and Increases Full Year Guidance |  |
| 04/14/05 | Penn National Gaming to Acquire Site for Temporary Gaming Facility in Bangor, Maine |  |
| 04/07/05 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 26 |  |
| 03/08/05 | Penn National Gaming to Present at Lehman Brothers 2005 High Yield and Syndicated Loan Conference on March 17 |  |
| 02/24/05 | Penn National Gaming, Inc. Prices $250 Million Senior Subordinated Notes Offering |  |
| 02/09/05 | Penn National Gaming, Inc. Calls for Redemption of 11 -1/8% Senior Subordinated Notes Due 2008 |  |
| 02/07/05 | Penn National Gaming and Argosy Gaming Company Receive Request for Additional Information from the Federal Trade Commission |  |
| 02/03/05 | Penn National Gaming Declares 2-for-1 Stock Split |  |
| 02/03/05 | Penn National Gaming Reports Fourth Quarter Diluted EPS from Continuing Operations That Exceeds Company's Guidance; Establishes 2005 First Quarter and Full Year Guidance |  |
| 01/25/05 | Penn National Gaming Completes Sale of Pocono Downs Racetrack and Affiliated Off-Track Wagering Facilities |  |
| 01/20/05 | Penn National Gaming Expects Proposed Acquisition of Argosy Gaming Company Closing in the Second Half of 2005 |  |
| 01/07/05 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 3 |  |
| 11/16/04 | Penn National Gaming to Present at Lehman Brothers' Small Cap Conference on November 19 |  |
| 11/03/04 | Penn National Gaming to Acquire Argosy Gaming Company Creating Nation's Third Largest Casino Operator; Argosy Shareholders to Receive $47.00 Per Share in Cash |  |
| 10/26/04 | Penn National Gaming Reports Record Third Quarter Results as Diluted Net Income Per Share Rises 20.6% |  |
| 10/19/04 | Maine Harness Racing Commission Grants Penn National Unconditional License |  |
| 10/18/04 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 26 |  |
| 10/15/04 | Penn National Gaming Enters into Agreement to Sell Pocono Downs Racetrack and Affiliated off-Track Wagering Facilities |  |
| 10/08/04 | Penn National Gaming Won't Proceed with Plans to Purchase President Casino St. Louis Riverfront/The Admiral |  |
| 10/07/04 | Penn National Gaming Chairman and CEO Peter M. Carlino Named ''Best Performing CEO'' of 2004 |  |
| 09/23/04 | Penn National Gaming Names Albert T. Britton General Manager of Charles Town Races & Slots |  |
| 09/17/04 | Penn National Gaming Re-Opens Casinos Following Precautionary Closings for Hurricane Ivan |  |
| 09/15/04 | Penn National Gaming to Present at C.L. King & Associates' Best Ideas Conference in New York on September 21; Webcast to be Available on September 23 |  |
| 09/14/04 | Penn National Gaming Prepares for Hurricane Ivan; Will Temporarily Close Casino Rouge Property in Baton Rouge |  |
| 09/14/04 | Penn National Gaming Prepares for Hurricane Ivan; Temporarily Closes Two Mississippi Casinos at the Request of the Mississippi Gaming Commission |  |
| 08/10/04 | Penn National Gaming Enters into $28 Million Stock Purchase Agreement with President Casinos, Inc. |  |
| 07/27/04 | Penn National Gaming Reports Record Second Quarter Revenue and Net Income as Solid Property Growth Trends Continue |  |
| 07/14/04 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 27 |  |
| 06/04/04 | Penn National Gaming Names James Buchanan to New Position as Senior Vice President of Government and Public Affairs at Charles Town Races |  |
| 05/25/04 | Penn National Gaming Schedules Track Improvements at Charles Town Races |  |
| 05/11/04 | Penn National Gaming to Present at Davenport & Company Conference on May 13 |  |
| 04/21/04 | Penn National Gaming Reports Record First Quarter Revenue and Net Income |  |
| 04/05/04 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 21 |  |
| 04/01/04 | Penn National Gaming Granted Approval for 1,000 Additional Slot Machines at Charles Town Races |  |
| 03/18/04 | Penn National Gaming to Present at Lehman Brothers High Yield Conference on March 24 |  |
| 03/11/04 | Penn National Gaming to Present at CIBC World Markets Conference on March 16 |  |
| 03/11/04 | Penn National Gaming to Present at JPMorgan Conference on March 18 |  |
| 02/04/04 | CORRECTING and REPLACING Penn National Gaming Reports Record Fourth Quarter Revenue and Net Income |  |
| 02/03/04 | Penn National Gaming Reports Record Fourth Quarter Revenue and Net Income |  |
| 02/01/04 | CORRECTING and REPLACING Penn National Gaming Announces Details of Its $506 Million Bid for Illinois' Tenth Casino License |  |
| 01/30/04 | Penn National Gaming Announces Details of Its $506 Million Bid for Illinois' Tenth Casino License |  |
| 01/30/04 | Barbara Z. Shattuck Appointed to Penn National Gaming Board of Directors |  |
| 01/22/04 | Penn National Gaming Submits Bid for Illinois' Tenth Casino License; Owner of Hollywood Casino Aurora Submits Proposal for Existing Casino Site in Rosemont |  |
| 01/21/04 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 3 |  |
| 01/08/04 | Penn National Gaming Enters Agreement to Purchase Bangor Historic Track and Secures Option to Purchase Vernon Downs |  |
| 12/22/03 | Penn National Gaming Granted Amendments to Senior Secured Credit Facilities |  |
| 12/10/03 | Penn National Gaming and Scarborough Downs Agree to Exclusive Arrangement to Develop Gaming Opportunity in Southern Maine |  |
| 11/24/03 | Penn National Gaming to Seek Amendments to Senior Secured Credit Facilities |  |
| 11/24/03 | Penn National Gaming Launches Debt Offering |  |
| 11/19/03 | Penn National Gaming in Discussions with Wembley plc |  |
| 11/10/03 | Penn National Gaming to Present at Deutsche Bank Hospitality and Gaming Conference on November 19th |  |
| 10/23/03 | Penn National Gaming Reports Record Third Quarter Revenue and Net Income; Diluted Net Income Per Share Rises to $0.34 |  |
| 10/07/03 | Penn National Gaming Management to Present at Deutsche Bank Global High Yield Conference on October 8 |  |
| 10/02/03 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 23 |  |
| 09/24/03 | Penn National Gaming Names Eric Schippers Vice President, Public Affairs |  |
| 07/24/03 | Penn National Gaming Reports Record Second Quarter Revenue and Net Income |  |
| 07/07/03 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 24 |  |
| 07/03/03 | Penn National Gaming Increases Slot Positions at Charles Town Races By 26%; Adds 723 Slot Machines Bringing Total to 3,450 |  |
| 06/23/03 | Penn National Gaming Names Leonard M. DeAngelo Executive Vice President of Operations |  |
| 06/10/03 | Penn National Gaming Updates Second Quarter and 2003 Financial Guidance |  |
| 06/03/03 | Penn National Gaming to Host Conference Call and Webcast on June 10 to Review Impact of Illinois Tax Increase |  |
| 05/01/03 | Penn National Gaming Reports Record First Quarter Revenue and Net Income |  |
| 04/17/03 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on May 1 |  |
| 03/14/03 | Penn National Gaming Establishes First Quarter and 2003 Financial Guidance |  |
| 03/04/03 | Penn National Gaming to Issue Financial Guidance and Host Conference Call and Webcast on March 14 |  |
| 03/03/03 | Penn National Gaming Completes Acquisition of Hollywood Casino Corporation |  |
| 03/03/03 | Debt Holders of Hollywood Casino Shreveport and Shreveport Capital Corporation Fail to Provide Consents |  |
| 03/03/03 | Penn National Gaming Closes $800 Million Senior Secured Credit Facility to Fund Hollywood Casino Corporation Acquisition and to Provide Additional Working Capital |  |
| 02/24/03 | Solicitation of Consents from Holders of Certain Indebtedness of Hollywood Casino Shreveport and Shreveport Capital Corporation by a Subsidiary of Penn National Gaming |  |
| 02/12/03 | Penn National Gaming Reports Record Fourth Quarter Revenue And Net Income |  |
| 01/14/03 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 12 |  |
| 11/21/02 | Penn National Gaming Names John V. Finamore Senior Vice President of Regional Operations |  |
| 11/04/02 | Penn National Gaming to Participate in Deutsche Bank Hospitality and Gaming Conference |  |
| 10/31/02 | Penn National Gaming Appoints Patrick Murphy General Manager of Its Boomtown Biloxi Gaming Facility |  |
| 10/31/02 | Penn National Gaming Further Strengthens Property Level Management |  |
| 10/23/02 | Penn National Gaming Reports Record Third Quarter Revenue, EBITDA and Net Income |  |
| 10/08/02 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast On October 23 |  |
| 10/01/02 | Penn National Gaming Appoints Jordan Savitch Senior Vice President and General Counsel |  |
| 08/07/02 | Penn National Gaming to Acquire Hollywood Casino Corporation for $12.75 Per Share in Cash in a $780 Million Transaction |  |
| 07/25/02 | REPEATING/Penn National Gaming Reports Record Second Quarter Revenue, Ebitda and Net Income Before Non-operating Interest Rate Swap Charge |  |
| 07/25/02 | Penn National Gaming Reports Record Second Quarter Revenue, EBITDA and Net Income Before Non-Operating Interest Rate Swap Charge |  |
| 07/08/02 | Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast On July 25 |  |
| 07/01/02 | Penn National Gaming Adds 587 Slot Machines and Opens Parking Facility At Charles Town Races |  |
| 05/24/02 | Penn National Gaming Completes Casino Magic Bay St. Louis Expansion On Time and On Budget |  |
| 05/22/02 | Penn National Gaming Declares 2-For-1 Stock Split |  |
| 04/25/02 | Penn National Gaming Completes Bullwhackers Casino Acquisition; Transaction Expands Penn National's Gaming Operations to Colorado |  |
| 04/23/02 | Penn National Gaming Reports Record First Quarter Revenue, EBITDA and Net Income Before Extraordinary Item; EBITDA Rises 50.3% on 46.1% Revenue Gain |  |
| 04/19/02 | Penn National Gaming to Participate in Bear Stearns Eleventh Annual Credit Research Conference |  |
| 04/11/02 | Penn National Gaming to Report First Quarter Results and Host Conference Call and Webcast On April 23 |  |
| 03/28/02 | Penn National Gaming and Showboat Development Company Settle All Outstanding Litigation; Showboat Development Withdraws Pennsylvania Suit |  |
| 03/25/02 | Penn National Gaming Appoints Jon Zimmerman General Manager of Its Casino Rouge Gaming Facility |  |
| 03/06/02 | Penn National Gaming to Participate in Lehman Brothers 2002 High Yield Conference |  |
| 02/28/02 | Penn National Gaming Granted Approval for 1,500 Additional Slot Machines At Charles Town Races |  |
| 02/21/02 | Penn National Gaming, Inc. Offers $175 Million of Senior Subordinated Notes |  |
| 02/20/02 | Penn National Gaming Launches Public Debt Offering |  |
| 02/20/02 | UNDERWRITERS' EXERCISE OVER-ALLOTMENT OPTION FOR 600,000 SHARES OF PENN NATIONAL GAMING COMMON STOCK BUSINESS EDITORS WYOMISSING, PA.--(BUSINESS WIRE)--FEB. 20, 2002--PENN NATIONAL GAMING, INC. |  |
| 02/20/02 | Underwriters' Exercise Over-allotment Option for 600,000 Shares of Penn National Gaming Common Stock |  |
| 02/19/02 | Penn National Gaming Learns Showboat Lawsuit is Re-Filed in Pennsylvania |  |
| 02/19/02 | Penn National Gaming to Participate In CIBC World Markets 11th Annual Gaming, Lodging, Leisure and Travel Service Conference |  |
| 02/14/02 | Penn National Gaming Announces Pricing of Common Stock Offering and Increase in Offering Size |  |
| 02/04/02 | Penn National Gaming Provides Guidance for 2002 |  |
| 02/04/02 | Penn National Gaming Launches Public Equity Offering |  |
| 02/04/02 | Penn National Gaming Reports Record Fourth Quarter Revenue, EBITDA And Net Income |  |
| 01/31/02 | Penn National Gaming Moves Fourth Quarter Reporting Date to February 4; Fourth Quarter Diluted EPS to be In Line with Consensus Estimates |  |
| 01/29/02 | Penn National Gaming Wins Dismissal of Showboat Development Company Lawsuit |  |
| 01/16/02 | Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast On February 7 |  |
| 11/05/01 | Penn National Gaming to Participate in Deutsche Banc Alex. Brown 2001 Hospitality Conference |  |
| 10/25/01 | Penn National Gaming Reports Record Third Quarter Revenue, EBITDA and Net Income; EBITDA Rises 70.1% on 67.3% Revenue Gain |  |
| 10/22/01 | Penn National Gaming Appoints John Jagunich President and C.E.O. of Casino Magic, Bay St. Louis |  |
| 10/09/01 | Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast On October 25 |  |