Boomtown Biloxi to Host Grand Re-Opening June 29; 760 Employees to Serve and Welcome Patrons with 1,000 Slot Machines and Boomtown's Famous Buffet; Pier-based Expansion with Additional Gaming, Food and Beverage to Open in September.

BILOXI, Miss. & WYOMISSING, Pa. -- Boomtown Biloxi said today that it will re-open ahead of schedule on Thursday, June 29 and that upon re-opening, patrons will experience an all-new, re-modeled interior and once again be able to enjoy the property's renowned 350-seat buffet featuring seafood favorites and a bakery outlet. The Boomtown Biloxi facility, owned by Penn National Gaming, Inc. (Nasdaq: PENN), was closed in August 2005 due to damage sustained during Hurricane Katrina.

Operating 24-hours a day, seven days a week, Boomtown Biloxi will again offer an exciting entertainment experience with approximately 1,000 brand new slot machines and 22 table games. Many of the newest models of slot machines will be featured and all will be configured for ticket-in-ticket-out gaming, adding to customer convenience. The slot machines will also support Fast Draw, machine-issued promotional credits, and Boomtown is offering players an updated Players Club that will allow patrons to accumulate points faster than before. At Boomtown, parking will be easier than ever, with ample, convenient surface parking.

Through recent job fairs and recruiting programs, Boomtown Biloxi, has hired 760 people, including many of the employees who were responsible for the success of the property prior to the hurricane-related closing.

In early September, Boomtown will open its pier-based expansion with 400 additional slot machines and the 165-seat Overland Cafe, a full service restaurant to be open 24-hours a day, seven days a week.

Pat Murphy, VP and General Manager, commented "Boomtown was always known as the place to come for great entertainment, gaming, food and relaxation. Now, Boomtown is everything it is remembered for, only better. With all new decor, slots, restaurants and easily accessible parking, we look forward to attracting new patrons and welcoming back those who previously enjoyed Boomtown Biloxi."

About Penn National Gaming

Penn National Gaming owns and operates casino and horse racing facilities with a focus on slot machine entertainment. The Company presently operates sixteen facilities in thirteen jurisdictions including Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn National's facilities feature approximately 20,000 slot machines, nearly 400 table games, almost 1,200 hotel rooms and approximately 600,000 square feet of gaming floor space. The property statistics in this paragraph exclude the Company's Hollywood Casino - Bay St. Louis, in Bay St. Louis, Mississippi which, following extensive damage incurred as a result of Hurricane Katrina, is expected to re-open later this year.

In addition to historical facts or statements of current conditions, this press release contains forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations and beliefs but are not guarantees of future performance. As such actual results may vary materially from expectations.

The risks and uncertainties associated with the forward-looking statements are described in the company's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K and 10-Q. Penn National assumes no obligation to publicly update or revise any forward-looking statements. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995.