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FOR IMMEDIATE RELEASE

February 2002

February 28, 2002
PENN NATIONAL GAMING GRANTED APPROVAL FOR 1,500 ADDITIONAL SLOT MACHINES AT CHARLES TOWN RACES

February 21, 2002
Penn National Gaming, Inc. Offers $175 Million of Senior Subordinated Notes

February 20, 2002
Underwriters' Exercise Over-allotment Option for 600,000 Shares of Penn National Gaming Common Stock

February 20, 2002
The following is an announcement regarding Penn National Gaming. Penn National Gaming Launches Public Debt Offering

February 19, 2002
PENN NATIONAL GAMING TO PARTICIPATE IN CIBC WORLD MARKETS 11TH ANNUAL GAMING, LODGING, LEISURE AND TRAVEL SERVICE CONFERENCE

February 14, 2002
Penn National Gaming Announces Pricing of Common Stock Offering and Increase in Offering Size

February 4, 2002
Penn National Gaming Launches Public Equity Offering


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