Penn National Gaming Names Gary DeWitt, Jr. General Manager of Hollywood Gaming at Dayton Raceway

Penn National Gaming Names Gary DeWitt, Jr. General Manager of Hollywood Gaming at Dayton Raceway

WYOMISSING, Pa. & DAYTON, Ohio--(BUSINESS WIRE)-- Penn National Gaming, Inc. (PENN: Nasdaq) (the "Company") announced today that Gary DeWitt, Jr., 45, who has served as the Assistant General Manager of Hollywood Casino Columbus since January 2013, has been named General Manager of Hollywood Gaming at Dayton Raceway which is scheduled to open in the second half of 2014. Mr. DeWitt's appointment, effective January 2014, is subject to customary regulatory approvals and he will report directly to Penn National Gaming Senior Vice President of Regional Operations, John Finamore.

In his role as General Manager of Hollywood Gaming at Dayton Raceway, Mr. DeWitt will have full responsibility for the start-up, opening and management of the planned $125 million facility, including the recruitment and training of employees. Hollywood Gaming at Dayton Raceway, under construction at the intersection of Wagner Ford Road and Needmore Road in North Dayton, will feature a video lottery terminal (VLT) facility with approximately 1,000 VLTs at opening, a companion 5/8-mile state-of-the-art standardbred racetrack and a variety of food and beverage options.

Mr. DeWitt, a 25-year veteran of the gaming industry, has been with Penn National Gaming since 2005 when he joined Hollywood Casino Baton Rouge as Vice President of Casino Operations. During that time, he also served as the Company's Corporate Slot Manager from October 2009 to January 2011. He was named Assistant General Manager of Argosy Riverside in January 2011 and joined the team at Hollywood Casino Columbus as Assistant General Manager in January 2013. Prior to joining Penn National, Mr. DeWitt served in a variety of property-level senior management positions which included Vice President of Slot Operations at Horseshoe Casino Hammond from October 1998 to July 2005, and he also worked at other Caesars Entertainment facilities from February 1986 to October 1998 including the Showboat Las Vegas and the Company's East Chicago properties.

John Finamore commented, "We are excited to move Hollywood Gaming at Dayton Raceway forward with the appointment of Gary as its first General Manager. Construction is underway in North Dayton and we expect Gary's experience at several of our regional facilities as well as his integral role in the ongoing ramp in operations at one of our newest and most exciting properties, Hollywood Casino Columbus, will serve us well as he oversees the construction, hiring process, opening and ramp of our new property in Dayton.

"Gary has been instrumental in effectively managing our Columbus operations and has, in a relatively short time, built extensive ties to the local community there and in the state of Ohio. We expect Gary to further establish himself in Ohio and believe he is the ideal leader to spearhead our efforts to build close ties with the Dayton community, state government officials and the Ohio standardbred horsemen to ensure that Penn National and the new Hollywood Gaming at Dayton Raceway is a valued member of the community from day one."

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 eighteen jurisdictions, including 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 34,500 gaming machines, approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million square feet of gaming floor space.

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" or "PENN") 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 favorable resolution of any related litigation, including the appeal by the Ohio Roundtable addressing the legality of video lottery terminals in Ohio (now before the Ohio Supreme Court); 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 reach agreements with the thoroughbred and harness horseman in Ohio as well as certain labor organizations in connection with the proposed projects and other factors as discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, 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
Joseph N. Jaffoni, Richard Land

KEYWORDS:   United States  North America  Ohio  Pennsylvania


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