Press Release Details

Achieving GLI-33 Certification is Important Step in theScore Bet’s Preparation for
Ontario’s Regulated Sports Betting and iGaming Market

WYOMISSING, Pa. and TORONTO – December 20, 2021 – Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or the “Company”) is pleased to announce that its subsidiary, Score Digital Sports Ventures (Canada) Inc. (“theScore Bet”), has obtained Gaming Laboratories International GLI-33 certification for its mobile sports betting and iGaming app and the sportsbook player account management platform it plans to deploy in Ontario, Canada. Securing GLI-33 certification satisfies one of the requirements theScore Bet must achieve before it may offer internet sports betting and iGaming as a regulated operator in Ontario.

The Province of Ontario is expected to commence regulated online iGaming and sports betting with private operators in early 2022, and theScore Bet looks forward to offering Ontarians its online sports betting and iGaming services, subject to receipt of all regulatory approvals and satisfaction of pre-launch requirements imposed by the AGCO and iGaming Ontario.

“We’re pleased to be one of the first online gaming operators to secure GLI-33 certification in Ontario,” said John Levy, CEO of theScore. “We are eager to launch theScore Bet in our home market and showcase our unrivaled combination of media and gaming to fans across the province. This approval is a credit to our first-rate product and engineering team who have been hard at work to ready theScore Bet for launch in Ontario.”

Fans can sign up here for updates on when theScore Bet will go live in Ontario.

About Penn National Gaming
With the nation's largest and most diversified regional gaming footprint, including 43 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. The Company's properties feature 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, operates retail sports betting across the Company's 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 is exclusively promoting the Company's land-based and online casinos and sports betting products, including the Barstool Sportsbook mobile app, to 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 North America’s leading digital, entertainment, sports content, gaming and technology company. Barstool’s wide top of funnel audience reach is highly complementary to the news, scores and stats available on theScore’s best in class media app, which will create a one-stop destination for the sports fan that does not exist today. The Company's omni-channel approach is further bolstered by the mychoice loyalty program, which rewards and recognizes its over 24 million members for their loyalty to both retail and online gaming and sports betting products with the most dynamic set of offers, experiences, and service levels in the industry.

About theScore
theScore, a wholly-owned subsidiary of Penn National Gaming, empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. theScore’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. theScore also creates and distributes innovative digital content through its web, social and esports platforms.

Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Specifically, forward-looking statements include, but are not limited to, statements regarding the expected commencement of regulated online iGaming and sports betting in the Province of Ontario and theScore Bet’s offering of the same. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to: (a) the magnitude and duration of the impact of the COVID-19 pandemic on general economic conditions, capital markets, unemployment, consumer spending and the Company’s liquidity, financial condition, supply chain, operations and personnel; and (b) other factors as discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the U.S. Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.

For more information:

Dan Sabreen
Vice President, Communications
theScore
Tel: 917-722-3888 ext. 706
Email: dan.sabreen@thescore.com