Penn National Gaming Calls for Redemption of All of Its Outstanding 6 3/4% Senior Subordinated Notes Due 2015

Penn National Gaming, Inc. PENN today announced that it has called for redemption of all the $250,000,000 outstanding aggregate principal amount of its 6¾% senior subordinated notes due 2015. The redemption price is $1,022.50 per $1,000 principal amount of notes, plus accrued and unpaid interest to the scheduled redemption date, which is August 19, 2011. Penn National Gaming intends to fund the redemption of the notes from its new $700 million revolving credit facility due July 2016.