what county is hollywood casino in pennsylvania

Initiatives, and strong local management. We accomplish this through a combination of prudent facility upgrades, focused marketing

Reflected in our recently announced fourth quarter and 2002 earnings, Penn National continues to demonstrate its ability to integrate acquired properties and deliver improvedįinancial results in the form of growing property EBITDA and in some cases increased local market share. HollywoodĬasino also brings to Penn National a solid brand with widespread recognition that we can apply, as appropriate, to other Penn National assets to drive marketing programs and efficiencies. We are delighted that on behalf of our shareholders we have completed another excellent financial and strategicĪcquisition that builds the critical mass of our gaming operations and further diversifies our geographic reach and sources of cash flow while broadening our gaming management resources. Carlino, Chief Executive Officer of Penn National, said, 'This transaction brings the established, highly maintained HollywoodĬasino properties and a significant growth and expansion opportunity to Penn National. On the closing of the acquisition, Peter M. On a combined basis, Penn National Gaming and Hollywood Casino Corporation generated National now owns or operates gaming or pari-mutuel properties in eight jurisdictions in North America. Reflecting its broadened asset base, Penn

Pari-mutuel horse racing operations and eleven off-track wagering sites and the Company holds a Canadian casino management contract. With theĬompletion of the transaction, Penn National now owns six dockside gaming facilities, a pari-mutuel horse racing facility with slots, a land-based casino, two The acquisition is expected to be accretive to Penn National'sĬasino and its subsidiaries own and operate Hollywood-themed casino entertainment facilities in Aurora, Illinois, Tunica, Mississippi, and Shreveport, Louisiana. Additionally, Hollywood Casino Corporation has called for redemption all of its outstanding long-term debt obligations comprised of $310 million ofġ1 1/ 4% Senior Secured Notes and $50 million of floating rate Senior Secured Notes, at 107% and 101%, respectively. As previously announced, Hollywood Casino stockholders are receiving $12.75 per share in cash for each Of Hollywood Casino Corporation (HWD: AMEX). (NASDAQ:PENN) announced today that it has completed the acquisition Wyomissing, Pennsylvania, (March 3, 2003)Penn National Gaming, Inc. PENN NATIONAL GAMING COMPLETES ACQUISITION QuickLinks - Click here to rapidly navigate through this document

What county is hollywood casino in pennsylvania