Jamul Indian Village of California (“JIV”) and a wholly owned subsidiary of Penn National Gaming (NASDAQ:PENN) (“Penn National Gaming”), today celebrated the completion of the $36 million site excavation phase for the proposed $360 million Hollywood Casino Jamul-San Diego on JIV’s reservation in Jamul, California, approximately 20 miles east of downtown San Diego.

JIV and Penn National Gaming began the removal of more than 452,000 tons of rock and soil from the construction site in February and it was recycled for use throughout the region. The process required approximately 85,000 shift hours by construction workers to complete the excavation. Construction of the foundation has begun for the casino and the enclosed below grade parking structure, which will offer more than 1,800 spaces.

“Today is another important milestone on our path to economic self sufficiency,” said Raymond Hunter, Chairman of the Jamul Indian Village of California. “I am proud to be standing on the foundation of an economic engine that will ultimately generate high quality education, healthcare, and sufficient housing for our tribal members.”

Hollywood Casino Jamul-San Diego, projected to open in 2016, is expected to include a three-story gaming and entertainment facility of approximately 200,000 square feet, featuring over 1,700 slot machines, 50 live table games, multiple restaurants, bars and lounges. The exterior will feature earth tones and downcast lighting to integrate with the surrounding area, while the interior will blend tasteful but glamorous elements from Hollywood’s Golden Era. The project is expected to create approximately 2,500 construction and permanent jobs, with up to 90% of the permanent jobs going to citizens in Jamul and surrounding communities.

The project includes state-of-the-art water reclamation treatment and reuse technology to conserve resources and improve groundwater quality. JIV will contribute to funding for fire protection services for the area and have committed millions of dollars to benefit San Diego County, including $15 million for traffic mitigation and safety improvements to SR 94 and ancillary roads.

“We remain committed to working constructively with the County on an intergovernmental agreement and with state, county, and local public agencies to minimize off-reservation impacts,” said Hunter. “We also look forward to generating new employment opportunities for area residents and new revenue for local and state government, and charitable causes in Jamul and surrounding communities.”

About Jamul Indian Village of California (JIV)

The Kumeyaay Nation of Southern California can be traced back 12,000 years with first European contact occurring at San Diego Bay in 1524. Jamul Indian Village of California, one of 13 bands of the Kumeyaay Nation federally recognized as a sovereign nation, traces its roots to these natives. Jamul Indian Village of California strives to provide a greater quality of life for its people by providing educational opportunities, health care and employment opportunities today to open the doors of tomorrow. Jamul Indian Village of California entered into a 1999 Tribal-State compact in October 1999 with then Governor Davis. For more information about JIV, please visit www.jamulindianvillage.com.

About Penn National Gaming

Penn National Gaming, through its subsidiaries, owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The Company presently operates twenty-six facilities in seventeen jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. At September 30, 2014, Penn National Gaming's operated facilities featured approximately 31,000 gaming machines, 760 table games and 3,100 hotel rooms.

Forward-Looking Statements for Penn National Gaming

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the construction, opening and operation of Hollywood Casino Jamul. These statements include forward looking terminology such as “expects,” “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “should,” or “anticipates” or other variation of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such forward looking statements are inherently subject to risks, uncertainties and assumptions about the project, JIV and Penn National Gaming and its subsidiaries, and, accordingly, any forward looking statements are qualified in their entirety by reference to the risk factors described in Penn National Gaming’s Annual Report on Form 10-K for the year ended December 31, 2013, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the Securities and Exchange Commission. In addition to typical risks for large development projects of this type, the following particular risks apply in this instance: particular risks with financing a project of this type, the complexities of constructing on a relatively small land parcel, the risks involved with sovereign immunity, local opposition, current and potential future litigation, and pending regulatory and construction related approvals from a variety of state, local and federal agencies. All subsequent written and oral forward looking statements attributable to Penn National Gaming or persons acting on Penn National Gaming’s behalf are expressly qualified in their entirety by the cautionary statements included in this press release. Penn National Gaming undertakes no obligation to publicly update or revise any forward looking statements contained or incorporated by reference herein, except as required by law.

MJE MarketingMarlee J.Ehrenfeld, 619-682-3841Marlee@mjemarketing.comorPenn National GamingEric Schippers, 610-373-2400Eric.Schippers@pngaming.com

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