With the nation's largest and most diversified regional gaming footprint, including 42 properties across 20 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. This acquisition provides yet another opportunity for Penn National to expand our unique omni-channel platform as we expect to introduce a Barstool Sportsbook-branded retail sports book at Hollywood Casino Perryville and mobile app to players across Maryland,” concluded Mr. “We are thrilled to welcome both new and former Team Members to the Penn National family, and look forward to hitting the ground running in what promises to be an exciting time following the recent legalization of sports wagering in Maryland. Matt Heiskell, current General Manager of Hollywood Casino Perryville, will now oversee operations at the Company’s Hollywood Casino Tunica and 1 st Jackpot Casino in Mississippi. Evangelista most recently served as General Manager at Penn National’s Hollywood Gaming at Mahoning Valley Race Course in Ohio. Penn National has named Allie Evangelista as General Manager of Hollywood Casino Perryville.

Today’s acquisition of the operations of Hollywood Casino Perryville adds a twentieth gaming jurisdiction to our leading nationwide footprint,” said Jay Snowden, President and CEO of Penn National. “Penn National is excited to re-enter the strong Maryland gaming market and to once again operate Hollywood Casino Perryville, a property we developed in 2010. Penn National’s acquisition received final approval from the Maryland Lottery and Gaming Control Commission on May 27, 2021. Today, the Company entered into a lease with GLPI for the real estate assets associated with the facility, with annual rent of approximately $7.77 million. (GLPI: Nasdaq) (“GLPI”) to acquire the operations of Hollywood Casino Perryville for $31.1 million in cash. In December 2020, the Company entered into a definitive agreement with Gaming and Leisure Properties, Inc. (PENN: Nasdaq)(“Penn National” or the “Company”) announced today that it has completed the previously announced acquisition of the operations of Hollywood Casino Perryville in Maryland. Accretive Acquisition Expands Penn National’s Regional Gaming and Omni-Channel Platform to 20 th State

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