Penn National Gaming Names Greg Hinton General Manager of Hollywood Casino Tunica

WYOMISSING, Pa. & TUNICA, Miss. -- (PRESS RELEASE) -- Penn National Gaming, Inc. (Nasdaq: PENN) announced today that subject to customary regulatory approvals, Greg Hinton, 53, has been named General Manager of Hollywood Casino Tunica. Mr. Hinton most recently served as Assistant General Manager of Caesars Entertainment’s three properties in Tunica, Mississippi. He replaces Tony Carlucci, who was recently named General Manager of Harrah’s St. Louis, subject to completion of the acquisition of the property by Penn National which is expected in early November 2012, after which it will be re-branded Hollywood Casino St. Louis.

Mr. Hinton joined Caesars in 2006 as Regional Director for Planning and Analysis in Atlantic City before being named as Vice President of Finance for Harrah’s St. Louis in September 2007. He added the responsibilities of Vice President of Non-Gaming Operations in March 2008 and held both roles until January 2010 when he was named Assistant General Manager of Harrah’s Tunica. In December 2011, Mr. Hinton was named Assistant General Manager for Caesars Entertainment’s three Tunica-based properties. Before joining Caesars Entertainment, he was a Partner at Accenture from 1998 to 2006, with a specialization in finance and performance management. Mr. Hinton also served as Senior Manager at Ernst & Young and in several roles of increasing prominence at PricewaterhouseCoopers for 14 years. A Certified Public Accountant, he holds a Masters of Business Administration from Northwestern University in Chicago, IL and a Bachelor of Science in Business Administration from the California State Polytechnic University in Pomona, CA.

Thomas P. Burke, Senior Vice President Regional Operations of Penn National Gaming, commented, “Greg’s background and intimate knowledge of the Tunica gaming market make him ideally suited to take on his new role as General Manager of Hollywood Casino Tunica. Over the course of his career, Greg has developed a strong background in accounting and finance and, more recently, assumed increasing responsibility in both the financial and operational areas of property management. We expect his existing relationships in Tunica, including his involvement with the local Boy Scouts of America and the Make-A-Wish Foundation of the Mid-South, to serve him well as he seeks to build on Tony’s excellent work and further position Hollywood Casino Tunica as a key destination in the marketplace and key contributor to the local community.”

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The company presently operates twenty-eight 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 currently feature approximately 34,700 gaming machines, approximately 800 table games, 2,400 hotel rooms and approximately 1.5 million square feet of gaming floor space. Penn National 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.