Market Overview

Penn National Gaming to Participate in Four Upcoming Investor Conferences

WYOMISSING, Pa.--(BUSINESS WIRE)--

Penn National Gaming, Inc. (Nasdaq: PENN) announced today that members of its management team will participate at four upcoming institutional investor conferences as listed below:

  • September 20: Imperial Capital 2012 Global Opportunities Conference at The Waldorf Astoria New York
    • Group presentation by Hayes Croushore, Director of Finance and Investor Relations, at 10:30 a.m. ET followed by a group meeting with institutional investors
    • Management's PowerPoint presentation will be available at www.pngaming.com on Thursday, September 20 at 10:30 a.m. ET
  • September 20: Credit Suisse 3rd Annual Small & Mid Cap Conference at the New York Palace
    • Group presentation by Hayes Croushore, Director of Finance and Investor Relations, at 4:30 p.m. ET preceded by one-on-one meetings with institutional investors
    • Management's PowerPoint presentation will be available at www.pngaming.com on Thursday, September 20 at 10:30 a.m. ET
  • October 1: Gaming Investment Forum, held in conjunction with the 2012 Global Gaming Expo at the Sands Expo and Convention Center in Las Vegas
    • Fireside chat and management Q&A with Peter Carlino, Chairman and CEO; Tim Wilmott, President and COO; and Bill Clifford, CFO, at 4:45 p.m. PT (7:45 p.m. ET) followed by a group meeting with institutional investors
    • Audio webcast available at www.pngaming.com (“Investors”/“Events”). Audio replays will be available on the Company's website following the conference and will be archived for 90 days
  • October 11: Deutsche Bank 20th Annual Leveraged Finance Conference at the Phoenician Hotel in Scottsdale, Arizona
    • Fireside chat with Bill Clifford, CFO, at 8:05 a.m. MT (11:05 a.m. ET) followed by a group meeting with institutional investors
    • Audio webcast available at www.pngaming.com (“Investors”/“Events”). Audio replays will be available on the Company's website following the conference and will be archived for 90 days

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 nineteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's operated facilities feature approximately 31,700 gaming machines, 725 table games, 2,400 hotel rooms and 1.35 million square feet of gaming floor space. Penn National is currently developing a casino in Columbus, Ohio which is expected to open October 8, and has agreed to acquire Harrah's St. Louis gaming and lodging facility from Caesars Entertainment with the transaction expected to close in the fourth quarter of 2012.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary materially from expectations. Although Penn National Gaming, Inc. and its subsidiaries (collectively, the “Company”) believe that our expectations are based on reasonable assumptions within the bounds of our knowledge of our business and operations, there can be no assurance that actual results will not differ materially from our expectations. Meaningful factors that could cause actual results to differ from expectations include, but are not limited to, risks related to the following: our ability to receive and maintain, or delays in obtaining, the regulatory approvals required to own, develop and/or operate our facilities, or other delays or impediments to completing our planned acquisitions or projects, including favorable resolution of any related litigation; our ability to secure state and local permits and approvals necessary for construction; construction factors, including delays, unexpected remediation costs, local opposition and increased cost of labor and materials; our ability to receive timely regulatory approval for and to otherwise complete our planned acquisition of Harrah's St. Louis (failure to do so could, among other things, result in the loss of certain deposits); our ability to successfully integrate Harrah's St. Louis into our existing business; the passage of state, federal or local legislation (including referenda) that would expand, restrict, further tax, prevent or negatively impact operations in or adjacent to the jurisdictions in which we do or seek to do business (such as a smoking ban at any of our facilities); our expectations for the continued availability and cost of capital; our dependence on key personnel; the impact of terrorism and other international hostilities; and other factors as discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2011, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC. The Company does not intend to update publicly any forward-looking statements except as required by law.

Penn National Gaming, Inc.
William J. Clifford, 610-373-2400
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph N. Jaffoni, Richard Land
212-835-8500 or penn@jcir.com

 

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