Hollywood Casino At Kansas Speedway Gets A Green Flag As Groundbreaking Ceremony Marks Start Of Construction

KANSAS CITY, KS Kansas Entertainment, LLC, (Kansas Entertainment) has commenced construction of Hollywood Casino at Kansas Speedway as Company representatives and local officials conducted a groundbreaking ceremony at Turn 2, the track-side site of the new facility. Kansas Entertainment is a 50/50 joint venture of Penn Hollywood Kansas, Inc, a subsidiary of Penn National Gaming, Inc. (PENN: Nasdaq) and Kansas Speedway Development Corporation, a wholly owned subsidiary of International Speedway Corporation (ISCA: NASDAQ Global Select Market; ISCB: OTC Bulletin Board) (ISC). The following company representatives and local officials participated in the groundbreaking ceremony: · Tim Wilmott, President and Chief Operating Officer of Penn National Gaming; · Troy Findley, Lieutenant Governor of Kansas; · William Falstad, Commissioner of the Kansas Racing and Gaming Commission; · Ed Van Petten, Kansas Lottery Executive Director; · Jeff Boerger, President of Kansas Speedway Development Corporation; and, · Joe Reardon, Mayor of the Unified Government of Wyandotte County. We are fortunate to have built such strong relationships with our partners, Penn National Gaming, the State of Kansas, and the Unified Government of Wyandotte County. We share in their mutual vision to create a world-class destination for visitors and the community, anchored by a premier motorsports and entertainment facility, stated Lesa France Kennedy, Chief Executive Officer of International Speedway Corporation. Through ongoing collaboration, we will continue to help generate sustainable economic growth for the region. Mr. Wilmott added, With the excellent cooperation of our partners and local officials and businesses, Kansas Entertainment is excited to conduct its groundbreaking today, just two and a half months after receiving final approvals for the project. Hollywood Casino at Kansas Speedway will be a premiere gaming and entertainment facility that contributes to and complements the local hotels, retail, dining and entertainment establishments in the Village West region. Both Penn National Gaming and ISC are committed to the long-term success of this destination resort, maximizing tourism, driving new tax revenue and attracting national media attention for the state of Kansas and our host community, Wyandotte County. The first phase of Hollywood Casino at Kansas Speedway includes a state-of-the-art casino and is expected to open the first half of 2012 with capacity for 2,300 slot machines, 61 table games and 25 poker tables on a 100,000 square-foot gaming floor. Hollywood Casino at Kansas Speedway will also feature 28,000 square-feet of other amenities including restaurants, clubs and nightlife attractions. The addition of the Hollywood Casino at Kansas Speedway is estimated to bring nearly 440,000 tourists per year and create over 1,000 full time positions; elevating the state to a first-class, year-round tourist destination. About Penn National Gaming: Penn National Gaming owns and operates gaming and racing facilities with a focus on slot machine entertainment. The Company presently operates nineteen facilities in fifteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn Nationals operated facilities feature over 26,300 gaming machines, approximately 400 table games, over 2,000 hotel rooms and over 959,000 square feet of gaming floor space. In the second half of 2010, the Company plans to add table games to its facilities in West Virginia and Pennsylvania and expects to open the first video lottery terminal facility in the state of Maryland in Cecil County. Through a joint venture, Penn National is developing a full casino at Kansas Speedway in Kansas City, which is anticipated to open in early 2012, and is also developing casinos in Toledo and Columbus, Ohio, with openings targeted for the second half of 2012. The Company recently announced its planned acquisition of Beulah Park in Ohio in a transaction expected to close in the second quarter of 2010.