<SUBMISSION>
<ACCESSION-NUMBER>0001104659-07-085988
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20071128
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20071129
<DATE-OF-FILING-DATE-CHANGE>20071129
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PENN NATIONAL GAMING INC
<CIK>0000921738
<ASSIGNED-SIC>7990
<IRS-NUMBER>232234473
<STATE-OF-INCORPORATION>PA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-24206
<FILM-NUMBER>071274452
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>825 BERKSHIRE BLVD STE 200
<STREET2>WYOMISSING PROFESSIONAL CENTER
<CITY>WYOMISSING
<STATE>PA
<ZIP>19610
<PHONE>6103732400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>825 BERSHIRE BLVD
<STREET2>SUITE 200
<CITY>WYOMISSING
<STATE>PA
<ZIP>19610
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a07-30345_18k.htm
<DESCRIPTION>8-K
<TEXT>
<html>

<head>





</head>

<body lang="EN-US">

<div>

<div style="border:none;border-top:double windowtext 6.0pt;padding:0in 0in 0in 0in;">

<p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE
COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 8-K</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section 13 or 15 (d)
of the</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Securities Exchange Act of 1934</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date of Report &#150; November 28, 2007</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Date of earliest event
reported)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">PENN NATIONAL GAMING, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;(Exact name of registrant as specified in its
charter)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Pennsylvania</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">0-24206</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">23-2234473</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
  jurisdiction</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
  Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of incorporation)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Number)</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">825
  Berkshire Blvd., Suite 200, Wyomissing Professional Center, Wyomissing, PA
  19610</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive offices)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Area Code (610) 373-2400</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone
number)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 to Form 8-K):</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Written communications pursuant to Rule 425 under the Securities Act
  (17 CFR 230.425)</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act
  (17 CFR 240.14a-12)</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the
  Exchange Act (17 CFR 240.14d-2(b))</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
  </td>
 </tr>
</table>

<div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\dtodman\07-30345-1\task2550382\30345-1-ba.htm',USER='dtodman',CD='Nov 29 10:59 2007' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8.01</font></b></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.66%;">
  <p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Other Events.</font></u></b></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November
28, 2007, Penn National Gaming, Inc. announced that it will not proceed with
its acquisition of Rosecroft Raceway, a harness racetrack located in Prince
George's County, Maryland near Washington, D.C., and is terminating the asset
purchase agreement in connection therewith. A copy of the press release
announcing the termination of the Rosecroft Raceway acquisition is attached
hereto as Exhibit 99.1.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.66%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Financial Statements and Exhibits</font></u>.</b></p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.66%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Exhibits</font></i>.</p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="8%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit No.</font></b></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:86.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:8.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:86.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.34%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release of Penn National Gaming, Inc., dated
  November 28, 2007.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\dtodman\07-30345-1\task2550382\30345-1-ba.htm',USER='dtodman',CD='Nov 29 10:59 2007' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated: November 29, 2007</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PENN NATIONAL GAMING, INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="22%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:22.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;/s/Robert S. Ippolito</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:44.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert S. Ippolito</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:44.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President, Secretary and Treasurer</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\dtodman\07-30345-1\task2550382\30345-1-ba.htm',USER='dtodman',CD='Nov 29 10:59 2007' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT
INDEX</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:.5in;width:93.34%;">
 <tr>
  <td width="8%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.72%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit No.</font></b></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.96%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="86%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:86.32%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:8.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:86.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;99.1</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release of Penn National Gaming, Inc., dated
  November 28, 2007.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\dtodman\07-30345-1\task2550382\30345-1-ba.htm',USER='dtodman',CD='Nov 29 10:59 2007' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a07-30345_1ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html>

<head>





</head>

<body lang="EN-US">

<div>

<h1 align="right" style="font-weight:normal;letter-spacing:-.15pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:0pt;">Exhibit 99.1</font></b></h1>

<h1 align="right" style="font-weight:normal;letter-spacing:-.15pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:0pt;">&nbsp;</font></h1>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="39%" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">News Announcement</font></p>
  </td>
  <td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.7%;">
  <p style="margin:0in 0in .0001pt .1in;"><font size="2" face="Times New Roman"><img width="364" height="85" src="g303451mmi001.jpg"></font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONTACT:</font></p>
  </td>
  <td width="25%" valign="bottom" style="padding:0in 0in 0in 0in;width:25.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William J.
  Clifford</font></p>
  </td>
  <td width="25%" valign="bottom" style="padding:0in 0in 0in 0in;width:25.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Joseph N.
  Jaffoni, Richard Land</font></p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial
  Officer</font></p>
  </td>
  <td width="25%" valign="bottom" style="padding:0in 0in 0in 0in;width:25.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jaffoni &amp;
  Collins Incorporated</font></p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">610/373-2400</font></p>
  </td>
  <td width="25%" valign="bottom" style="padding:0in 0in 0in 0in;width:25.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">212/835-8500 or
  penn@jcir.com</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PENN NATIONAL GAMING WILL NOT PROCEED</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WITH ACQUISITION OF ROSECROFT RACEWAY</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wyomissing, Penn. and
Fort Washington, Maryland, (November 28, 2007) &#151; Penn National Gaming, Inc.
(PENN: Nasdaq) announced today that it will not proceed with its proposed
acquisition of Rosecroft Raceway in Fort Washington, Maryland.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November 19, 2007, the
Governor of Maryland signed into law an Act authorizing up to 15,000 video
lottery terminals at five locations across the state subject to passage of a
statewide referendum in November 2008. The Legislation expressly excludes
Prince George&#146;s County, the host community of Rosecroft Raceway. As a result,
Rosecroft, which already has been operating at a loss, will be denied the
opportunity for an alternative revenue source that would enable it to compete
with other tracks in the state and racing and gaming venues in neighboring
states. Reflecting this development and other factors, Penn National Gaming has
decided, pursuant to its rights under the purchase agreement, not to move
forward with its acquisition of Rosecroft Raceway.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Penn National Gaming
expects to record a one-time charge of $0.01 per diluted share in the quarter
ending December 31, 2007 related to the termination of the proposed transaction.
This charge was not contemplated in the 2007 fourth quarter and full year guidance
that the Company issued on October 25, 2007.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h5 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">About
Penn National Gaming</font></b></h5>

<h5 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h5>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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 National&#146;s operated facilities
feature over 23,000 slot machines, over 400 table games, approximately 1,731
hotel rooms and approximately 808,000 square feet of gaming floor space.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h5 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forward-looking
Statements</font></b></h5>

<h5 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h5>

<p align="left" style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">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 National Gaming 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, 2006.&nbsp; Meaningful factors which could cause actual results to
differ from expectations described in this press release include, but are not
limited to, the risks involved in the pursuit of acquisitions. Furthermore,
Penn National Gaming does not intend to update publicly any forward-looking
statements except as required by law. The cautionary advice in this paragraph
is permitted by the Private Securities Litigation Reform Act of 1995.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"># # #</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kkasi\07-30345-1\task2549623\30345-1-mm.htm',USER='105438',CD='Nov 29 11:59 2007' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g303451mmi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g303451mmi001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!5`6P#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P"U::M>1:#<
M6ZQLR(0@E'\`.<BDTO4[JUTJ\BA1F4*"&'_+,DX)KI['3[5=%2U!5XI8\LX_
MB)YS46AV%K'I!C1UG6<MO<#ANV*^/J9CA>2K^[^VOGY^NCT_X)YL,!B>>G^\
M^R_EY?BM3GM$U*ZLK>\2&-I!Y1?C^`]-W^?2DT+4;JTGG\F-IM\;.R^X&=U=
M%H%A;6UG-Y4BS^9(RLP]`<`?Y]:30]/M;22\:"193YI3C^`#M5XC,,-^_7L[
MWM\_7L30P.(7L7S]_EZ=SG=#U"Y@U1G1&G,P;>HZMWS7(^))Y+G4O/E.7<$M
M]<UZ?I.G6EIJ5[)!('=7VA1_RS!Y(_SZ5P'CZVAMO$)6%AAXP[*/X23R/Z_C
M7MY1C*%;,I1A&S<5K_7JC;"82M2C!SE=7EI_7HSF*#THH/2OM3U3W73/^05:
M?]<$_P#015JJNF?\@JT_ZX)_Z"*M5^!XC^++U9WK9%BP_P"/Q/Q_E6V*Q+#_
M`(_$_'^5;8K[;AS_`'27^)_DCAQ'QBT445]&<X4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`>1VNIWL>@7%NB,8E(42_W`<Y%)IFH7=MI5[%"A9`H.\?\LB3@FNGL;&T&
MAI;J5>"2++O_`'LCDU%H-G:)H^R)A,DQ;S&QC=VQ^5?(5,QPW)5_=?;7_#^N
MC^\\V&`Q'/3_`'GV7\O3[U]QB^%GU"6:XL;%5+21E@7.%1O6MG2?"VOZ7+*P
M-LXE4Y!E/WNQZ>M6O!EK:VY8VTHEW2.&?'IP!^7\ZQ/B;\3K?0[>?1-'E\S5
M'&R253Q;`]>?[V.W:O:H0P^+55\FC=GYV2+PV$<*=.4I.ZVL]%<T-+\*Z]IU
M\UP6MI!(#Y@\T_,>N>GK7G7Q!M;C0]9B&JRH9KF(R@QY8?>(K<^%GQ1A2"'P
M]K\Y5E.RUNG/!'9'/\C^%/\`BQ'#+X_T99@K+]C8J#T)W'%>E3C"A4=>"]ZU
MODCKPN$BIQA%O?J^YYLVHVJXW,XR,C*&D;4;5>&9P2.,H:ZZ:V@N"AFA1S&=
MR[AT-9GB>*!M'=Y%&]"/+..<YZ?E6L<TJ2:5MSZ*ME4Z5.4^?;R.\LOB'H<%
MC;PNMV6CB53B+C(`]ZG_`.%CZ#_=N_\`OT/\:\K7[H^E%<[X5RZ;YFG=^9YJ
MJRL>S^'/&NDZOKD%C:K<B67=MWQX'`)ZYKNQ7@WPV_Y'O3_^!_\`H!KWFKAE
M]#`+V5&]GKKJ85).3NSE-7^(FEZ/XA&@2V6H3:@^WRHX8E82[NF"6'ZU1O\`
MXJ6.BWT5OK>AZOIBR_=EGB4J??Y6/Z5SGBM1_P`+[\/<#F*,G\WK7^-WV8^!
MU20*9VNXQ`/XB><X_#-69'<W6JV]OHTFJQAKFW2'SQY."73&<C.,\5S>E?$O
M3=<ADFTK2-9O8XCM=H;4$`XSC[U6=!L+C3OAI;65VI6:+32KJ>QV'C\.E<%\
M&?$>AZ'X:OH]3U6VM)7NMP2:0*2NT#/\Z`/0O#_C*U\0ZK=Z=%IVH6<UFBO*
M+R$1GDX``R3V-5O$OQ%TCPG?I9ZM;7\9D&8Y4A#(X[D'/;N.M:VAZAIVO1'6
MK`;DDW0)-_ST1&//TSG%<M\2]`B\3W^A:/)+Y33M<F.0?PN(\KGVR!F@#NX)
MXKF%)X7$D<BAT=3D,#R"*Q+GQA8VOBN#PU):W9OKA=\96,&,I@DMNSP!@_E7
M"?"OQ3<Z5?2^!M?!BN[9RMJ7/XF//ZK[5U&H6P;XNZ//CE=+GY^C`?\`LU`&
MEXI\96'A"**?4[:\:"4[1-!$'4-_=/(P:T=$UJR\0:1;ZII\A>WN%RN>".Q!
M'8@UA?$FUAOO"@L[@XBN+VVB;!P<-*H.*X#PGJ=W\+_&L_A;69"=+O'W03MP
MJD\*_P!#T;T(H`]-\1^+[#PQ<64-];W4AOG\N`P1A@7R/E/(P>16Z"2H)&#Z
M'M7'>/[9;F]\*Y`.-:B_+:Q_I794`-D8I&S!"Y`R%'4^U<II/Q)T+5O$)T%(
M[RUOQN'EW,03YEZKU/-=;7B'C?PO=ZAK6O\`B;1Y'%_I-[&62/KL$2-N'N#S
M],T`>VL2J%@I8@9"CJ:P_#7BZP\5&Z^P0748M)/*E,\87#]U')Y%5/`'C&#Q
MCH"7.56]APEU$/X6_O#V/7\QVJK\.;5;>+Q"P7&[7+D?@"!0!V1.`3C/MZUS
M/A?Q]HWBR^NK+3UN4GM%W2+,@7(SCC!.>:N>+]2ETOPU=2VW-W*!!;`=3*YV
MK^IS^%>7VVGQ_#OXQ:;!'E;'4;=(=Q/!+`*3_P!]J#^-`'IWBCQ99>%(+6:\
MM[J<74WDQI;('<M@GID9Z5B7'Q8T6SN(;:[TO6K>>X`,44MEM9\G`P,\\UU\
MUC!<7MO=RKNEM@WE9Z*6P"?K@8_$UY7\35#?%;PD#W:/_P!&T`=E8>/[2_U^
MUT4Z-J]I<76XHUW;"-<*"2>3[4_Q/X_TCPE>P6FIPWA>Y7=$88PP?G!'4<Y_
MG70364,]S;W$BYDMF8QGTR,']#7E7QH0-XA\+*1UG8'_`+[2@#UJ-R\2N49"
MP!*MU'M6!JGC?2-.N'M(5N=2O(_OVVGPF9T_WB.%_$TGQ`U>70_!&J7T#%)E
MAV1L.JLQ"@_AG-97P@TZ*R^']G.H'F7KO/*W=CN(&3]`*`&:=\7-`NM573+Z
MWOM)N'8*HO8@@R>@)SQ^/%=I>7)M+22X6"6X\M=WEP@%V'L"1DUYW\;]%M[O
MP@NJ^4/M-E,H$@'.QC@@GTR0:ZGP!?3:CX$T>ZN&+2M;*K,>IVY7/Z4`0^%_
MB%H7BV_GL=.-Q'<0IO*7$80L,X..3T[UOZA>+I]A/>/%)*L"&1DC`+$`9.`?
M:O!]6T?4-"=?'^A,W[G4KA;E!R$Q*P!_W2.#_P#7KV70=?LO%OAA=0M#\D\3
M+)&3DQOCYE-`$OAKQ)9^*=+&I:?'.ELSE5:90I;'7`R>,U>U"]CTW3[B^E5F
MCMXFE<)C)"C)QGV%<W\+8!;_``[TI<8+(['\7:I_&\C7&GVNAQ$^;K%RML<=
M1%]Z4_\`?`(_&@"?PGXRTKQE:3W.EB95MY`CK,@5@2,@\$\5N2N8HG<(SE03
MM7J?85Y#X$4>$/BWK'ADCR[:]!>W4]./G3_QTL/PKV#J*`.9\+^/](\77L]K
MID-V&MEW2M-&%"\X`Z]>OY5T]>1_!-%&K^*"!SYZC\-SUZY0!Y%;7E^N@74*
M(6MU8+YG]T$G('UI-,N[V#2KY+="T6T%F_N9X)'X5#XBN/$7AFV,$36TVEOE
M$D,`)&>S^_O7.V?C'5[&V:WA-MY;YW!H02V?6O.HX.>+HRJ48QDI236O:V^F
MCTV/.66UHRA>IM%KTWV\CO/A_+,-9:%03"R%G_V3VK!\>_"JTAOM0\1OKB6E
MG*S3-"\)=RYYVK@\Y/3ZUS]MX[US0;2:2P>V5N"2T(8GH*+?XP^-KR=8(7LW
M=CP/LPKT'1E1G+G25]?P2.G"8>=&E&G)W9-X*^%5KXGMK74AKBB%6'VJU\DB
M6-@>5Z]^Q]ZN?'<F#Q-I)C)4I9_*0>F'-4;[XM>.=-N3#.]DK8R&%L,,/4&N
MF\(Z7;?%S39=6\5AI;FSF-O$;=O*&S`;D#J<D\T)IG4U*#L]&CBM&UZ&]LV-
MRZQS0KF3/`8>HKFM;UA]4N?ERL"'"+_4^]>E^)O#_P`+/">IKIU^FJ/<%0SK
M!(6\L'IG./RKI=/^$?@/5+""^LUNY;>=`\;BX/(/X5G&E&,N9';6Q]:M25*3
MT7XGD:_=7Z"EKU6X^'7A^)9=J77R`X_?^GX5QUAH5C<:A;P2"39)(%;#\X)K
MHH<08.K&7+?W=]#2C@JM:+E'H2_#;_D>]/\`^!_^@&O>:X7P[X+T?2=;@O;1
M;@31[MN^7(Y!'2NZ'2L89C1QZ]K1O9::G!4BXNS/&_'=I%J/QMT.SEEEC26&
M-6:&0HZ\OT8<@UZ'8^!]$L[^._D2XOKN'_537UP\YC_W=QP/RJGJ?P\L=5\5
MQ>)9=0O8[Z!D,00IL7;T&"O(Z]^]=:!@59F5-6(&C7I)X^SR?^@FO-O@5;P3
M^$;\30QR?Z81\R`\;%]:]+U.R_M+3;BQ,SPK<1M&SQXW`$8.,]\5R.D_#"WT
M*W>WTKQ)K5G%(V]DBECP3C&?N4`=-8P:=HABTRU"0B=Y)8X5'3)W-@#H`3^H
MKGO$]T(_B-X0@)'S&Z/_`)#`']:O>'O!D6@:O<ZF^JW^I7-S&(S)>R!V10<X
M!`'7C\J?JW@^WU?Q+8:]+?7,=QI_^H2/;L'KD$9.?K0!S?Q4\#R:S:)X@T=6
M35[`!OW?#2HO/'^T.H_+TJEX`\7GQEXFT^>X3;?66FS17/&`Q+IAA]<<CL:]
M2KG-)\#:3HGB>\U^Q$D4UXA62$$>6,D$D#&1DB@"A\4+@6_AZQ).-VJVH_)\
M_P!*L?$#P7!XRT%H`%2^@R]K*>S?W3['_`U;\5^$;;Q=;6]M>7=S!%;R^:JP
M%1EQP"20>F36[&K)$JLY=E`!8C&?>@#Q+PIXKO=0O]`\*ZU'(NHZ7JJ[6D')
M18Y!M;W!P/<5[A7-WG@72+SQ?:^*,2PWUOU\L@+*<$`L,=<&NDH`*XSP5.MQ
MXG\8KD-MU%01_P!LPO\`[+79,"1P<&N?\/>$+?PYJ6HW]O>W4\FI/YEP)BI!
M;).1@#'4T`>:^*=,O?A9XRB\4:+$S:1>/MG@'W5SR4/H#U4]CQ7??#J]@U/1
M+[4;8DP7>IW$T9(P<%N,^]=#JNEVFM:9/IU_$);>X0HZG^8]QUJEX7\-6GA/
M15TJQDFDA5V<-,06R3D]`*`,#Q-'#XH\<:;X99Y/LUE$VH7GE2%&#?=C&X<@
MY)/Y5ROQ9\%6VD^';?6M-DO&FL[A=[3W,DQ53T(W$XPV*]!T7PA;Z-X@U#6U
MOKJYNM1&)O.VD<'C;@#`'3%:.N:/;:_HUUI5WN$%TFQRO4=P1[@T`0>%=:3Q
M#X9L-50C-Q""X'9QPP_,&O.?B6P_X6QX2YZ-%_Z-KOO"?A.W\'Z?)I]C>7,]
MLS^8J7!4[">N"`.#Z51\0_#RP\1^(+?6[J_O8KFU""$1,H5-IW#@@YYH`ZRO
M(_C0RKXA\+$GI.Q/TWI7KB@A0"<G')]:Y3Q9\/=/\8:A;WE_>WD36J[8E@90
M%YR3R#ST_*@!_P`2M.FU3P!JMO;J7D6(2JHZG:0Q'Y`U@?!7Q#;7_A)=':51
M=V#,/+)Y:,G(8>W)'X5Z)&C+"J.YD(4`L0/F]ZX#4_@WHEUJIU'3;Z]TB5B6
M(M6&T$_W>Z_G0!-\8IF;P5_9T(,EUJ%U%##$O+.<YX'X5T_A?23H/AC3M+<@
MM:P*KD?WNK?J35'0?`VF:'<K>O-=ZE?*NU;J^F,KH.^W/"_A6_<1--;R1)*T
M1=2H=0,KGN,T`<9\-A!JG@J[AG19H);ZZ5T89#*SDX_6N&W7GP<\;/&1++X>
MU(\=\#_XI<_B*]3\*>%+;PAI\MA975Q/!)*9<3E258CG!`'7`J?Q+X:T[Q5H
M\FF:C&3&Q#*Z<-&PZ,I]:`*7P\`'@'1L=#;`C\236+/9VWC7X@WD4\D_V+08
M!"K6\S1$SR'+?,I!X4`5UNE:0FC:';Z3:32".VA$4<C8+#'0],9JCX6\)6OA
M2.[2UN[FY^V3>=*UP5+%^YR`*`/,OB7H4?@G7-#\2Z6UPPCFVRF>=Y6)4Y`R
MQ)P1N&*]EL[N&^L8+N!@T,\:R(1W!&169XJ\+V/B[1SIE^TJ1>8L@>(@,I'I
MD'UIVAZ`N@:$FD6U[<2Q1*5BDFVEXP>W``..V:`/.O@G(#K7BA1T\]3G_@3U
MWNK^,]+T:_-E,L\LJJ"_D)N"D]CSP<8./<5AZ7\*;+1))Y-+\0:S9O<?ZTQ2
MQC?_`..>YK4T/P)9:);W$0N[B]:XG:=Y;HAG+$`')QS]V@!+BWANK=[>>-98
MI!M=&&017E'BSPG-H$_GP;I;"0_(_4QG^ZW]#7KE1SP174#P3QK)%(-KHPR"
M*_.LHS>KEU6ZUB]U_EYGIS@I'SY?_P#'A-]!_,5L^'+*S@L%GMV6620?/)CD
M'^[[5<\=>$9]"@FFME>:QEQL8#)C.1\I_H:XW2;^\TNXWI%(T3??C*G##_&O
MT2O7IXV"JT'=-?TA82M##XA2J*_Z>9V.JV5I>V3K=D(J`L)#_![UK>`/$I\(
M_"W6M5AA%S)'J`2)3D*2RJ`3[5P&MZM=:F_EQPRQVRGA2IRQ]37J?P;T^QU'
MP-JFG:K#')!/>$/%+QD;%Y_^O65&$H1]X>98BGB*MZ:VZ]SR;Q+XBNO%&KOJ
ME[%%'<2*JOY((4X&`<$GMBO2OA3\1KV74M/\*3V<`M#&8X'B!#H0"V6R><X/
MYUJZY\+(EEL8_"VG::EO;SB>>2\N&=I\?P'@_+US]:ZSP]X+\,>'KUM1L["&
MUO77#`SF019ZA<G@5K='FV9->?=G^C5YKI/_`"&+3_KLO\Z])NR"LY!R,-7F
MVD_\ABT_Z[+_`#KX;+OAK_UW/JLN_A5/3]&>IV'_`!^)^-;8Z5B6'_'XGXUM
MCI7K\._[K+_$_P`D?.8CXS(N?$EM%//!:VEWJ,EL=LXM(PXC;&=I)(&<=AS5
MW2]1BU;3HKZ&.:*.4'"3)L=<$@@CMR*XSPM?CPU/K>C:ONM+A[Z:ZMIY$.RX
M1^00W0D=Q70^"]1O]7\*66H:H@CNYU9I$$9C"_,0.#[5]&<Y>UK6+70=)GU.
M]W^1;@%]BY8Y..!WZU8LKN&_LH+RW;=#/&LD;>JD9%8.N+)K.N6^B0R^4D$3
M74[M#O4Y^1%P>#U8^V!53X=2W%GI5UX=O`_GZ-</`CNI`DBR2C#UXX_"@#;\
M1>([#POIPU#4O-%N9%C+1INVD],^W%+KGB'3_#^BOJ]\[?9EVX,:[BV>F!W]
M:S_&,$%^NEZ9=1F2&]O#%(`I.%,4G)].<?CBN$NHM7N/AUJNFZK;2E]"B>RA
M;:2;ERP"NH[@)@?\"-`'K<$RW%O',H8+(@<!A@@$9YK/L]?L[[7+_1X5F%SI
MX0S%DPOS#*X/?BK>G$-IEJ1T,*'GZ"N8T!\_$CQ3^[=0R6H5RI`;"$'![XS0
M!T&MZS;Z!I4VI7<<SP0#,GDKN91ZX]*AF\2:?%HEOK,9DN+2Y,8C:%=Q.\A5
MX^I`/I4/C&<0>&;EBI;+Q+M"[LYD7/'TS7*7FE7OA75HM.LK>2Y\/ZM>Q/&B
M`G[#-YBL1_N-@_0_J`>C5CW'B6VCFGAM+.\U%[9MDWV.(.(VQG:22`3[#-;-
M>?>%-0'AF'6=$U<M9W:WD]S!-*AV7".<AE;&"?4=:`.WTS4(M5TZ&^ACECCF
M&0DR;''.,$=CQ5JL3P?J%]JOA6PO]201W<Z%I$$9C`.X_P`)Z5<FU>V@UFVT
MIQ)]HN8GEC(0[<)C.3Z\B@"_1110!F#7K0^)#H`2;[6+;[3G9\FS.,Y]<]JM
M:A>IIUA/>R1R2)`AD98ERV`,G`[URX)_X7$6VOM&B;-^T[=WF@XSTSCFM[Q)
M-]G\-:G+@L5M)2`HR2=IP`*`*\'BS2[OPLWB.V:2>Q2,R-Y:Y<`=1M]1Z5L1
M2":%)`K*'4'##D9]:\RUO2[WP]I\VH:-;//I>MVPCOK1`<P2NN!,H^I^85Z<
MHP@`["@#+OO$5M:74MI!:W=_<0@&6*SC#F,'INR0`3Z9S5S3;^/4]/AO8HY8
MDF3<J3+M<?4=C7"V>M+X*\6:]%KEO<I;:E="ZM;R.!I48%0"AV@D$8KO+*X%
MW:1SK#)$L@W*DB[6`[9';Z4`6**HKJD3:RVE^3.)5A$QD,1\O:3C&[IGVJ]0
M`4444`%%%%`!1110`4444`%%%%`'-T445^0'K$<\$5S`\$T8DBD7:Z-T(KRG
MQ;X4GT&<W%OODL)#\K]3&?[K?T->M5'/!%<P/!/&LD4@VNC#((KVLHS>KEU6
MZUB]U_74B<%(\%W'U-:^C\V[D_W_`.E7?%OA*709S<VX:2PD/RMU,9_NM_0U
M2T?_`(]I/]_^E?IN(Q5'%X'VU%W3L=&61MBDGYGIOA/_`)`,77[[?SKD==_Y
M#=Y_UT-=?X3_`.0%%_OM_.N0UW_D-WG_`%U-?!8'_?:O]=3U<+_O53Y_F=]!
M_P`@E/\`K@/_`$&O/M)_Y#%I_P!=E_G7H,'_`""8_P#K@/\`T&O/M)_Y#%I_
MUV7^=8Y;\%?^NY."^"K_`%W/4[#_`(_$_&ML=*Q+#_C\3\:JWGB];>^:VM[(
MSJKF/>TFS>P8*0O!!^8A<D@$\5['#O\`NLO\3_)'S.(^,Z7%+5>QO(=0LHKN
MW8F*5=RY&"/8CL1TJQ7T9SB8HQ2T4`)BC'UI:*`$HQ2T4`)BC'&*6B@`I,4M
M%`"5']FA-S]I,8,P78'/4+G.!4M%`!1110`F*,4M%`"8%`&*6B@!,4M%%`"8
MI:**`"BBB@`HHHH`****`"BBB@`HHHH`YNBBBOR`]8****`(YH(KF%X)XUDB
MD&UT89!%>:ZGH\.AZI<6=N[-$2'4-U4$=/?%%%?0Y'6J*<Z2?NM7MYW1VX!?
M[0GZ_D=KX3_Y`,7^^W\ZY#7?^0W>?]=31171@/\`?:W]=3MPO^]5/ZZG?0?\
M@F/_`*X#_P!!KS[2?^0Q:?\`79?YT45EEOP5_P"NY.!^"K_7<]3L/^/Q/QKB
M_$TL>B>)8+41"=Y',UI*QQ]F9I1(<C^,;L^G!Q[T45['#O\`NLO\3_)'S.(^
M,]$TJQ73=-AM!(9#&/FD(P78G)..V235RBBOHSG"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
&BBB@#__9
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
