Penn National Gaming Reports Third Quarter Diluted EPS of $0.52, Inclusive of $0.02 Per Diluted Share Loss from Currency Translation (Business Wire)

WYOMISSING, Pa.----Penn National Gaming, Inc. today reported third quarter operating results for the period ended September 30, 2007, as summarized below. Summary of Third Quarter Results Three Months Ended September 30, 2007 2007 Guidance 2006 Net revenues $ 629.5 $ 640.6 $ 586.1 EBITDA 177.6 178.6 162.8 Less depreciation and amortization, gain/loss on disposal of assets, interest expense - net, income taxes, charge for stock compensation and other expenses Net income from continuing operations 46.6 46.7 40.4 Gain on sale of discontinued operations - - 114.7 Net income $ 46.6 $ 46.7 $ 155.1 Diluted earnings per share from continuing operations $ 0.52 $ 0.53 $ 0.47 Diluted earnings per share $ 0.52 $ 0.53 $ 1.79

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