Permanent Greektown Casino Construction Begins
Press Release

DETROIT, Michigan – Construction began today on the permanent Greektown Casino resort, with completion of the new 3,100-space parking garage scheduled for mid 2007 and the new 400-room hotel and gaming floor expansion by mid 2008.

City of Detroit leaders joined with Greektown Casino owners and managers at a "Building Bashing" ceremony to mark the start of construction. They watched as heavy construction equipment began demolishing the aging parking garage and apartment building that currently occupy the land at Monroe and I-375 where the new casino garage and hotel are being built.

In addition to the new hotel and parking garage, the permanent Greektown Casino complex will include a 25,000-square-foot gaming floor expansion (increasing the gaming floor to 100,000 square feet), a 1,500-seat entertainment theater, meeting and convention room space, a spa and additional restaurants. The hotel and garage will connect to the casino via moving and elevated walkways.

The total project budget is $475 million, which includes $275 million already invested in the current Greektown Casino and $200 million for the new hotel, parking garage and gaming floor expansion.

"With this groundbreaking, we celebrate more jobs and revenues for Detroit and our state, the start of a magnificent new resort destination in the heart of Detroit, and additional resources to support programs and services for members of the Sault Tribe," said Aaron Payment, chairperson of the Sault Ste. Marie Tribe of Chippewa Indians, owners of Greektown Casino.

The permanent casino-resort will be located in Greektown, downtown Detroit's most popular entertainment district. The casino resort is within easy walking distance from Ford Field, home of the Detroit Lions, and Comerica Park, home of the Detroit Tigers.

"This is a significant day for the City of Detroit and an historic moment for Greektown Casino," said Marvin Beatty, a local Greektown Casino investor. "The permanent Greektown Casino resort will be a world-class destination that will attract more visitors to Detroit and the Greektown District, create more jobs, and generate more revenues for the city and for public schools across Michigan."

Located at 555 E. Lafayette Avenue, Greektown Casino features nearly 2,400 slot machines and 92 table games in 75,000 square feet of luxurious Mediterranean-themed gaming space.

Greektown Casino continues to set the gaming standard in Michigan and remains the industry's leader in implementing technology to improve guest service. Greektown is home to the city's first and largest live poker room, and was the first Detroit casino to implement coinless slot machines and Ticket-in, Ticket-out redemption stations -- keeping the casino on the cutting edge of gaming entertainment and customer service technologies.

Greektown Casino opened on Nov. 10, 2000. For five consecutive years, readers of The Detroit News voted Greektown Casino Michigan's "Best Casino." Detroit Free Press readers have also consistently named Greektown as the city's "Best Casino."

In addition to being named "Best Casino," Greektown Casino also placed first in other categories in The News' reader survey, including "Best Slots," "Best Wait Staff Outfits," "Best Craps Tables," "Best Blackjack Tables," "Best High Rollers Area," "Best Casino Restaurant," and "Best Casino Entertainment."

Boomtown Biloxi to Host Grand Re-Opening June 29
Press Release

BILOXI, Mississippi – Boomtown Biloxi said today that it will re-open ahead of schedule on Thursday, June 29 and that upon re-opening, patrons will experience an all-new, re-modeled interior and once again be able to enjoy the property's renowned 350-seat buffet featuring seafood favorites and a bakery outlet. The Boomtown Biloxi facility, owned by Penn National Gaming, Inc. (Nasdaq: PENN - News), was closed in August 2005 due to damage sustained during Hurricane Katrina.

Operating 24-hours a day, seven days a week, Boomtown Biloxi will again offer an exciting entertainment experience with approximately 1,000 brand new slot machines and 22 table games. Many of the newest models of slot machines will be featured and all will be configured for ticket-in-ticket-out gaming, adding to customer convenience. The slot machines will also support Fast Draw, machine-issued promotional credits, and Boomtown is offering players an updated Players Club that will allow patrons to accumulate points faster than before. At Boomtown, parking will be easier than ever, with ample, convenient surface parking.

Through recent job fairs and recruiting programs, Boomtown Biloxi, has hired 760 people, including many of the employees who were responsible for the success of the property prior to the hurricane-related closing.

In early September, Boomtown will open its pier-based expansion with 400 additional slot machines and the 165-seat Overland Cafe, a full service restaurant to be open 24-hours a day, seven days a week.

Pat Murphy, VP and General Manager, commented "Boomtown was always known as the place to come for great entertainment, gaming, food and relaxation. Now, Boomtown is everything it is remembered for, only better. With all new decor, slots, restaurants and easily accessible parking, we look forward to attracting new patrons and welcoming back those who previously enjoyed Boomtown Biloxi."