Penn Talking with Officials in Tewksbury, MA to Develop Slot Parlor, Budgeted at $200M+

Penn National Gaming, Inc. (Nasdaq: PENN) and the Town of Tewksbury announcedtoday they are in discussions regarding a slots-only facility project,budgeted at more than $200 million, that would be located at 300 Ames PondDrive, near the intersection of Interstate 495 and State Route 133. PennNational's proposal for the 30-acre site will include its marquee Hollywoodcasino brand, multiple dining options, and other amenities.“We are encouraged by the preliminary discussions we've had with townleadership and hope to quickly come to an agreement on a project that wouldbring significant economic benefits to Tewksbury and the entire MerrimackValley region in the form of new jobs and revenue,” said Eric Schippers,Senior Vice President for Public Affairs at Penn National Gaming.“Penn National Gaming is one of the nation's largest regional casino operatorsand has an established record of building strong community partnerships anddelivering on their commitments,” said Richard Montuori, Tewksbury TownManager. “We are excited about their interest in Tewksbury.”“The economic benefits to Tewksbury from a project of this size and scalewould be substantial,” said Scott Wilson, Chairman of the Tewksbury Board ofSelectmen. “This is an important economic development opportunity that we needto fully explore.”Penn National representatives will be presenting to Town Selectmen on Tuesday,July 16 at 7:00 p.m. Applications for the state's sole slot license must besubmitted to the Massachusetts Gaming Commission by October 4^th, 2013,following passage of a referendum in the applicant's host community.