Penn National Gaming Names Chris Sheffield Senior Vice President Managing Director I-Gaming

– Sheffield Brings Diverse Technology, Gaming and Media Experience to Penn National’s Leadership Team –

Penn National Gaming, Inc. (PENN: Nasdaq) (“the Company” or “Penn National”) announced today the appointment of Chris Sheffield as Senior Vice President Managing Director I-Gaming, a newly created position at the Company. Mr. Sheffield joins Penn National from Betfred, a United Kingdom-based bookmaker, and will be responsible for setting the Company’s strategy as it prepares for the launch of online gaming initiatives across its portfolio. Mr. Sheffield will report directly to Timothy J. Wilmott, President and Chief Executive Officer of Penn National Gaming. The appointment is subject to customary regulatory approvals.

Mr. Sheffield served most recently as Managing Director, Digital at Betfred, which he joined in March 2011, where he led the transformation of betfred.com into one of Europe’s fastest-growing gaming businesses. His teams at Betfred also launched mobile sports wagering and mobile gaming products.

Prior to Betfred, Mr. Sheffield had a successful entrepreneurial career during which he launched several technology, gaming and media businesses. From March 2003 to March 2010, he founded and served as Chief Executive Officer of Million-2-1 Limited, a pioneer in the mobile gaming space, which was acquired by IGT in June 2008 and was the basis of IGT’s launch of mobile gaming using the company’s slot brands and games in several jurisdictions including the United States. From April 1999 to August 2002, he founded and served as Chief Executive Officer of Eunite Limited, an Internet production business that was sold to N Brown PLC and, among other products, created an Internet casino gaming platform for Stanley Leisure PLC. Mr. Sheffield also served for 10 years at Deloitte where he was an IT consultant and Partner focused on Internet, e-commerce, security and networking consulting.

“Chris’ technical background, extensive executive and operational management experience and broad knowledge of the online and mobile gaming world makes him a strong addition to the Penn National management team as we explore, plan for and launch Internet and mobile gaming operations across our portfolio over the coming years,” said Mr. Wilmott. “He brings an entrepreneurial eye to our deep roster of management talent and his extensive network of partnerships as well as his knowledge of the major brands and operators across the sports, media, gaming, Internet and mobile landscape will be a valuable asset. On behalf of the entire team, I want to welcome Chris to Penn National.”

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. At September 30, 2014, the Company operated twenty-six facilities in seventeen jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. At September 30, 2014, in aggregate, Penn National Gaming’s operated facilities featured approximately 31,000 gaming machines, 760 table games and 3,100 hotel rooms.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the use of forward looking terminology such as “expects,” “believes,” “estimates,” “intends,” “may,” “will,” “should,” “plan” or “anticipates,” or the negative 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 Penn National Gaming and its subsidiaries and accordingly, any forward looking statements are qualified in their entirety by reference to the 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. All subsequent written and oral forward looking statements attributable to Penn National Gaming or persons acting on the Company’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, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.

Penn National Gaming, Inc.Saul V. Reibstein, 610-373-2400Chief Financial OfficerorJCIRJoseph N. Jaffoni, Richard Land212-835-8500penn@jcir.com

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