KANSAS CITY, Kan. & WYOMISSING, Pa.–(BUSINESS WIRE)–The green flag is waving today at Kansas Speedway. The thrill of racing,
the excitement of gaming and the glamour of Hollywood have come together
under one roof with the grand opening of Hollywood Casino at Kansas
Speedway, Kansas City’s first land-based, Las Vegas-style casino.

The new casino was developed and is operated by Kansas Entertainment,
LLC, 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”). All of the casino games at the facility are
owned by the state of Kansas.

Penn National Gaming Chairman and Chief Executive Officer, Peter M.
Carlino, and International Speedway Corporation CEO, Lesa France
Kennedy, opened the casino at a ribbon cutting ceremony today alongside
Mayor/CEO of the Unified Government of Wyandotte County and Kansas City,
Kan., Joe Reardon, a representative from Kansas Governor Sam Brownback’s
office, NASCAR drivers Clint Bowyer and Kasey Kahne as well as other
local elected officials and executives from Penn National Gaming and ISC.

“As the first new casino in the Kansas City market in 15 years,
Hollywood Casino at Kansas Speedway offers guests a state-of-the-art
destination with premier gaming, dining and entertainment options,”
commented Peter Carlino. “Just seconds from I-70, the facility’s
luxurious design, modern grandeur and extensive amenities provides
guests with a range of memorable experiences in an unparalleled, high
energy setting on Turn Two of Kansas Speedway, a world class motorsports
facility and host to two NASCAR Sprint Cup Series events annually.

“The facility’s 2,000 slot machines and 52 table games are complemented
by the extraordinary red carpet service that is the hallmark of the
Hollywood Casino brand. The property is another drawing card for
Wyandotte County, which is already the top tourist destination in the
state with more than 11 million visitors annually. Guests from near and
far, including Kansas, Missouri, Nebraska and Iowa can play in style on
a single gaming floor and dine at five different restaurants, several
with views of the track.

“We are grateful to the Kansas Lottery Commission and Kansas Racing and
Gaming Commission for their efforts in ensuring that Hollywood Casino at
Kansas Speedway is opening on schedule. In addition, we welcome the
partnerships we have established with the Unified Government of
Wyandotte County and Kansas City, Kansas and the many other local and
state government officials and entities who have worked closely with our
team throughout the planning and construction process. The facility
opening will result in more than 1,000 new jobs as well as significant
tax revenue and other sustainable economic benefits for the community,
county and state.”

The casino sits at Turn Two of the Kansas Speedway, overlooking the
racetrack and is the first trackside casino in the ISC family of
facilities.

“The combination of a world-class sports facility with the premier
Hollywood-branded casino will set a new standard in gaming entertainment
excellence,” stated Lesa France Kennedy. “We appreciate the collective
confidence and support of state and local leaders that recognized the
tremendous benefit that Hollywood Casino at Kansas Speedway will provide
for the citizens of Wyandotte County and the state of Kansas.

“ISC and Kansas Speedway have been a collaborative partner with the
community to increase area tourism and create jobs for more than a
decade. We continue to make significant investments in the facility,
most recently with the start of the speedway’s permanent road course
construction. This partnership started with a mutual vision to create a
true destination for visitors and residents, anchored by a premier
motorsports racing facility. Hollywood Casino at Kansas Speedway will
build upon our successful track record.”

Economic Impact

Approximately four million guests are expected to visit Hollywood Casino
at Kansas Speedway annually, bringing increased tourism and tax revenues
to Wyandotte County and the state of Kansas. The total estimated
economic benefit of the casino is $220 million annually.

Hollywood Casino at Kansas Speedway employs more than 1,000 workers from
the greater Kansas City region and is seen as a significant driver of
employment in the area at businesses that support the facility.

Slot Machines Throughout the Gaming Floor

The casino offers nearly 100,000 square feet of gaming.

“It’s an inviting and spacious casino floor with easy access to all the
games; no turnstiles or space limitations here,” says Hollywood Casino
at Kansas Speedway Vice President and General Manager Bob Sheldon.

Hollywood Casino features many player-popular games including
high-profile TV show and movie themes such as Wheel of Fortune, Mission
Impossible, The Hangover and Tarzan, as well as the
area’s first Wizard of Oz Ruby Slippers machines in honor of the
casino’s Kansas roots.

Machines span from penny slots up to $25 and $100 denominations with a
top award of a $100,000 jackpot. The higher limit machines are located
near the Executive Producer’s Lounge, offering VIP players’ club members
exclusive amenities and easy access to the slots they desire.

In addition, Hollywood Casino has a wide variety of video poker machines
with competitive pay tables, including several located directly at the
Sunset Bar.

Table Games and Poker

Blackjack, craps, roulette and carnival-style games are among the 52
live table games featured at Hollywood Casino with a wide range of
minimum bets. Specific tables feature Craps-Free Craps, Mini Baccarat,
Mississippi Stud, Ultimate Texas Hold’em, Fortune Pai Gow, Let it Ride
Bonus and Three-Card poker.

The casino’s tables up the ante by offering a Royal Match side bet on
blackjack and a progressive jackpot on select table games — both unique
features in the Kansas City market.

The high limit table game area is adjacent to the Executive Producer’s
Lounge on the casino floor, making it easy for players to take a break
from the action.

Designed for maximum guest comfort, the modern Hollywood Casino Poker
Room is trimmed in rich woods, provides drink holders for players at
every table and includes seven LCD screens showing sports programming
during play. Hollywood Casino’s Poker Room features 12 live tables with
games including Texas Hold’em — with a bad beat jackpot — Pot Limit
Omaha, traditional 7-card stud and high limit options.

Marquee Rewards

Hollywood Casino’s multi-tiered Marquee Rewards card allows guests to
win whenever they play. Players earn points to redeem for downloadable
promotional play, rewards, casino promotions and exclusive access to
casino events, parking and lounges. Guests who play at Hollywood Casino
as well as Argosy Casino Hotel & Spa in Riverside, also owned by Penn
National Gaming, earn tier points at both casinos and can combine them
to achieve a higher tier status faster. Soon after opening, players will
have the ability to combine their earned rewards and use them at
restaurants and outlets at both casinos.

Design

The casino floor oozes Hollywood glamour. Elegant chandeliers and art
deco columns combine with the latest video technology to transport
guests to the Golden Age of Hollywood. A giant serpentine video wall
projects movie trailers, vintage commercials and animation.

Numerous plasma screens and video trees interspersed between slot
machines and table games allow guests to enjoy entertainment programming
and live sports as they play.

“The Hollywood name says it all,” according to Bob Sheldon. “From the
moment they walk in the building, our guests are immersed in the comfort
and sophistication of the classic style of 1930s Hollywood.”

Dining

Hollywood Casino’s five restaurants provide great options for a range of
tastes. The 103-seat Final Cut Steakhouse takes casino dining to a new
level by combining the staples of a Kansas City chop house with a
balanced menu of specialty dishes, homemade pastas, seafood and
shellfish. The upscale restaurant is under the helm of Chef Marshall
Roth, a graduate of the Culinary Institute of America in Hyde Park, New
York who’s worked at several James Beard award-winning restaurants
around the world. The fine dining establishment, located right off the
casino floor, offers sweeping views of the speedway. Guests dine among
elegant glass display cases filled with gowns, tuxedos and accessories
worn by Hollywood stars. Final Cut features an intimate cocktail lounge
and 20-seat private dining room.

Casual diners will enjoy the variety and made-to-order attributes of the
282-seat Epic Buffet. Guests can enjoy a carving station, homemade pizza
station, Asian station, salads, soups and sweets right on the casino
floor.

Speedway lovers can have a drink or a meal while looking over the
racetrack at Turn Two Lounge, a sports bar easily accessible from
escalators on the casino floor. The roomy, 176-seat cocktail lounge is
designed to offer every bar patron multiple views of sporting events on
numerous flat screen televisions. An outdoor patio offers more than 40
seats on warmer nights. Access to Turn Two Lounge will be limited on
race weekends.

Additional dining options include the Marquee Café, a casual and
contemporary restaurant with 164 seats; the 24-hour Hollywood & Grind
Coffee Bar, which also sells a range of speedway and Hollywood Casino at
Kansas Speedway merchandise; the Sunset Bar, where guests can choose
from 12 video poker machines located on the casino floor; and the VIP
Lounge, an upscale player’s lounge offering food, cocktails and
Hollywood’s signature red carpet service.

About Hollywood Casino at Kansas City Speedway

Hollywood Casino sits on Turn Two of the Kansas Speedway and is adjacent
to The Legends Outlets Kansas City at Village West. It is the most
accessible casino in the Kansas City market, just seconds from I-70
(110th Street exit) with a dedicated entrance that is separate from the
speedway and does not require driving through Village West. The casino
can also be reached by I-435 (State Avenue exit). With 2,300 gaming
positions, Hollywood Casino is the Kansas City market’s only land-based,
Vegas-style casino with gaming on one floor. Nearly 3,000 parking spaces
and valet service are available. For more information, go to http://www.hollywoodcasinokansas.com/.

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming
and racing facilities with a focus on slot machine entertainment. The
company presently operates twenty-six facilities in nineteen
jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa,
Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New
Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and
Ontario. In aggregate, Penn National’s operated facilities feature
approximately 29,700 gaming machines, approximately 640 table games,
2,400 hotel rooms and 1.2 million square feet of gaming floor space.

Penn National is also developing casinos in Toledo and Columbus, Ohio,
with openings targeted for 2012.

Forward-looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Actual
results may vary materially from expectations. Penn describes certain of
these risks and uncertainties in its filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the
year ended December 31, 2010. Meaningful factors that could cause actual
results to differ from expectations include, but are not limited to,
risks related to the following: our ability to receive, or delays in
obtaining, the regulatory approvals required to own, develop and/or
operate our facilities, or other delays or impediments to completing our
planned acquisitions or projects, including favorable resolution of any
related litigation and/or enforcement of contingent settlement
agreements; our ability to secure state and local permits and approvals
necessary for construction; construction factors, including delays,
unexpected remediation costs, local opposition and increased cost of
labor and materials; the passage of state, federal or local legislation
(including referenda) that would expand, restrict, further tax, prevent
or negatively impact operations in or adjacent to the jurisdictions in
which we do business (such as a smoking ban at any of our facilities) or
in jurisdictions where we seek to do business; the effects of local and
national economic, credit, capital market, housing, and energy
conditions on the economy in general and on the gaming and lodging
industries in particular; the activities of our competitors and the
emergence of new competitors; our expectations for the continued
availability and cost of capital; the maintenance of agreements with our
horsemen, pari-mutuel clerks and other organized labor groups; the
outcome of pending legal proceedings; changes in accounting standards;
our dependence on key personnel; the impact of terrorism and other
international hostilities; the impact of weather; and other factors as
discussed in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2010, subsequent Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K as filed with the SEC. The Company does not intend
to update publicly any forward-looking statements except as required by
law.

About International Speedway Corporation

International Speedway Corporation is a leading promoter of motorsports
activities, currently promoting more than 100 racing events annually as
well as numerous other motorsports-related activities. The Company owns
and/or operates 13 of the nation’s major motorsports entertainment
facilities, including Daytona International Speedway® in Florida (home
of the DAYTONA 500®); Talladega Superspeedway® in Alabama; Michigan
International Speedway® located outside Detroit; Richmond International
Raceway® in Virginia; Auto Club Speedway of Southern CaliforniaSM
near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix
International Raceway® in Arizona; Chicagoland Speedway® and Route 66
RacewaySM near Chicago, Illinois; Homestead-Miami SpeedwaySM
in Florida; Martinsville Speedway® in Virginia; Darlington Raceway® in
South Carolina; and Watkins Glen International® in New York.

The Company also owns and operates MRN® Radio, the nation’s largest
independent sports radio network and Americrown Service CorporationSM,
a subsidiary that provides catering services, food and beverage
concessions, and produces and markets motorsports-related merchandise.
For more information, visit the Company’s Web site at www.internationalspeedwaycorporation.com.