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Penn National Gaming In Discussions With Tewksbury, Massachusetts Town Officials To Develop Slot Parlor Budgeted At More Than $200 Million

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 that often occurs in new gaming jurisdictions; our ability to secure state and local permits and approvals necessary for operation and construction; construction factors, including delays, unexpected remediation costs, local opposition and increased cost of labor and materials; our ability to reach a host agreement with Tewksbury or agreements with surrounding communities; the ultimate location of the various gaming facilities in Massachusetts 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.



Copyright Business Wire 2010
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