Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on July 29

Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2009 second quarter financial results at 7:00 a.m. ET on Wednesday, July 29, 2009 and will host a conference call and simultaneous webcast at 10:00 a.m. ET on Wednesday, July 29, 2009. Both the call and webcast are open to the general public.

The conference call number is 212/231-2900; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.pngaming.com; allow 15 minutes to register and download and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. Following its completion, a replay of the call can be accessed until August 28, 2009 by dialing 800/633-8284 or 402/977-9140 (international callers). The access code for the replay is 21431871. A replay of the call can also be accessed for thirty days on the Internet at www.pngaming.com.

About Penn National Gaming

Penn National Gaming owns and operates gaming and racing facilities with a focus on slot machine entertainment. The Company presently operates nineteen facilities in fifteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn National’s operated facilities feature over 26,300 gaming machines, approximately 400 table games, over 2,000 hotel rooms and over 959,000 square feet of gaming floor space.

In addition to historical facts or statements of current conditions, this press release contains forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company’s current expectations and beliefs but are not guarantees of future performance. As such actual results may vary materially from expectations.