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Penn Gaming Submits Remaining Application Fee for Rosecroft Casino

CONTACT:    KAREN BAILEY
                        610-401-2914
                        karen.bailey@pngaming.com

Penn National Gaming Submits Remaining Application Fee for Prince George’s County Gaming License

FT. WASHINGTON, MD (October 4, 2013) – Penn National Gaming, owners of Rosecroft Raceway and applicant for the Prince George’s County gaming license, submitted their final remaining $15 million application fee to the Maryland Lottery today.
 
The final payment completes Penn’s obligation for full consideration of its $700 million proposed Hollywood Casino Resort at Rosecroft Raceway.  The proposal includes an integrated casino gaming and racing entertainment facility that will feature up to 3,000 video lottery terminals (“VLT”); live table games; a poker room; a hotel with pool and spa; a variety of food and beverage options; an entertainment and multi-purpose event center; a new grandstand facility; and, structured and surface parking.
 
The company expects the new project to generate approximately 4,600 direct and indirect construction jobs, and 2,600 permanent direct and indirect jobs.  Penn National intends to schedule and execute the development of Hollywood Casino Resort at Rosecroft Raceway to allow for the uninterrupted operations of the track and its year-round horseracing meet.  
 
Rosecroft Raceway is located approximately 13 miles south of Washington, D.C. on approximately 125 acres just outside the Washington Beltway in Prince George’s County, Maryland. Originally opened in 1947 and closed in 2010 following the end of live racing a year earlier, Penn National re-opened the facility in 2011 for live harness racing and race simulcasting. The current facility includes a 5/8-mile oval track, paddock area, a 53,000 square foot grandstand building and 96,000 square-foot three-story clubhouse building with dining facilities.

Electronic versions of project renderings can be downloaded at www.rosecroft.com or from our Facebook page, www.facebook.com/RosecroftRaceway.
 
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.  The Company presently operates twenty-eight facilities in eighteen jurisdictions, including Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National’s operated facilities currently feature approximately 34,500 gaming machines, 850 table games, 2,900 hotel rooms and 1.6 million square feet of gaming floor space.