Penn National Gaming Launches STEM Scholarship Program with Historically Black Colleges and Universities

Company Spends Over $ 4 Million Funding STEM Scholarships and Creating Internship Opportunities at Penn National

WYOMISSING, Pennsylvania, November 17, 2021– (COMMERCIAL THREAD) – Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or the “Company”) today announced the launch of a new scholarship program in Science, Technology, Engineering and Mathematics (“STEM”) in partnership with Historically, Black Colleges and Universities (“HBCU”) in the states where it operates. Through this initiative, Penn National will dedicate more than $ 4 million over five years to fund STEM scholarships and internship opportunities within the company. The first participating HBCUs include Norfolk State University in Norfolk, Virginia, Bowie State University in Bowie, Md., And Wilberforce University in Wilberforce, Ohio.

“Last year, we formed the Penn Diversity Committee to help implement our company’s long-standing support for diversity and inclusion,” said Jay Snowden, President and CEO of Penn National. “The committee, which reports directly to me, includes a wide range of team members from under-represented communities and at different levels of our organization. Their guidance has led the company to launch an annual scholarship program. on the $ 1 Million Diversity for Children of National Penn team members in pursuit of the company’s commitment to equity in post-secondary education opportunities. This year, 58 scholarships were awarded to eligible applicants, 57% of whom are first generation students.

“The hard work of our Diversity Committee continues to help identify opportunities for new initiatives, including the commitment announced today to STEM scholarships and internships for HBCU students. as well as diversity, inclusion and belonging. Penn National is well positioned to be North America’s premier digital content, entertainment, sports, games, and technology company, and we look forward to complementing these scholarships with the development of actual technical skills for STEM interns. “

Penn National’s commitment to funding STEM scholarships and internship opportunities is an extension of the company’s established partnerships with 33 HBCUs across the country. Ongoing collaboration with HBCUs facilitates career opportunities at Penn National properties while increasing participation in its Excellence in Leadership Program at Penn National Gaming (“LEAP”), which provides hands-on training, mentorship and development. real-world experience to new or recent college graduates who are interested in building a long-term career in the gaming industry.

“We’re incredibly proud of our partnerships with HBCUs across the country,” said Justin Carter, senior vice president of regional operations for Penn National and chair of the company’s diversity committee. “The STEM scholarship program is another important step in closing the representation gap in STEM fields among some under-represented communities.”

About Penn National Gaming

With the largest and most diverse regional gaming footprint in the country, comprising 43 properties in 20 states, Penn National continues to evolve into a highly innovative omnichannel provider of retail and online gaming, live racing and sports betting entertainment. The Company’s properties include approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including Hollywood, Ameristar and L’Auberge. Our wholly-owned interactive division, Penn Interactive, manages retail sports betting across the company’s entire portfolio, as well as online social casino, bingo and iCasino products. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool exclusively promotes the Company’s land and online casinos and sports betting products, including the Barstool Sportsbook mobile app, to of its national audience. In addition, in October 2021, Penn National acquired Score Media and Gaming, Inc. (“theScore”). Combined with the power of Barstool Sports, Penn National is now well positioned to be the leading digital content, entertainment, sports, games and technology company in North America. Barstool’s large audience at the top of the funnel is very complementary to the news, scores and stats available on theScore’s best multimedia app, which will create a one-stop destination for sports fans that does not exist today. The Company’s omnichannel approach is further strengthened by the mychoice loyalty program, which rewards and recognizes its more than 24 million members for their loyalty to retail and online gaming and sports betting products with the most dynamic set of offerings, experiences and service levels of the sector.

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Eric Schippers
Senior Vice-President, Public Affairs
Penn National Gaming
610 / 373-2400

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