PENN Entertainment Supports Reading Hospital with Multi-Year Charitable Commitment

Donation will Support the Street Medicine and Gwen's Closet Programs

Wyomissing, Pa. - July 11, 2023 - PENN Entertainment, Inc. ("PENN") is pleased to announce that it has committed $75,000 over five years to the Reading Hospital Foundation. The donation from the PENN Entertainment Foundation supports Street Medicine and Gwen's Closet, two innovative programs that are improving the quality of care provided to both patients and underserved communities in Berks County.

"We are proud to partner with the Reading Hospital in support of these critically important programs to help those in need in our community," said Eric Schippers, Senior Vice President of Public Affairs for PENN Entertainment and Chair of the PENN Entertainment Foundation. "Located in close proximity to our corporate headquarters, we appreciate and see first hand the tremendous care and important services that Reading Hospital provides."

The Street Medicine program uses a team approach to deliver primary and preventive care to the unsheltered, those living in homeless shelters, and those at high risk of experiencing homelessness. The goal is to proactively address health issues, decrease emergency department visits, reduce readmission rates, and reduce costs and increase adherence to care plans and medication plans. In fiscal year 2022, the Street Medicine Program provided a total of 1,861 patient visits.

Gwen's Closet provides basic clothing items to Reading Hospital patients, typically in the emergency or trauma department, in need of replacement clothing because theirs were damaged during their accident or injury. The vision of a Reading Hospital social worker, Gwen's Closet ensures that all patients can leave the hospital with dignity. In fiscal year 2022, more than 3,000 clothing items were purchased for patients including sweatshirts, sweatpants, t-shirts, undergarments, and shoes.

"We appreciate the support from The PENN Entertainment Foundation," Reading Hospital Foundation president Katherine Thornton said. "The Street Medicine program and Gwen's Closet provide care and services when our patients need us most and with their support we can ensure our team members are able to provide the assistance to our patients when and where they need it."

A donation to the Reading Hospital Foundation ensures it can help continue to meet the needs of all hospital patients.

Click here to download a photo of the check presentation and Gwen's Closet. Featured in the photo from left to right: Tony Balistrere, Reading Hospital Foundation Director of Development; Katherine Thornton, Reading Hospital Foundation President; Amanda Garber, Manager, Community Relations & Administrative Affairs; Charles F. Barbera, MD, Reading Hospital president and CEO; Eric Schippers, Senior Vice President of Public Affairs for PENN Entertainment and Chair of the PENN Entertainment Foundation; Christine Nepple, NP, Clinical Director, Street Medicine; Anthony Donato, MD, Internal Medicine physician and Street Medicine volunteer; Sarah Luber, DO, Internal Medicine physician and Street Medicine volunteer; Yomari Salvador-Rivera, Street Medicine Program Supervisor; and Eugene York, MD, Internal Medicine Physician and Street Medicine volunteer.

The PENN Entertainment Foundation was launched in the wake of Hurricane Katrina to assist team members who were impacted by the storm - giving them much needed support, food, water, clothing and shelter. Today, the PENN Entertainment Foundation is proud to support countless local nonprofit organizations throughout North America. From community development efforts, like rebuilding playgrounds and promoting education, to health services and support for veterans and active-duty military, we're focused on giving back to our people and our communities.

About Reading Hospital

Reading Hospital is the flagship, Magnet Recognized, acute care hospital of Tower Health. Located in West Reading, Pa., Reading Hospital is a 697-bed hospital that is home to many top-tier specialty care centers, including Reading HealthPlex, McGlinn Cancer Institute, Miller Regional Heart Center, Emergency Department, Level I Trauma Center and Beginnings Maternity Center, which houses the region's only Level III Neonatal Intensive Care Unit (NICU). With more than 1,000 physicians, specialists, and advanced practice providers across 49 locations, Reading Hospital has been recognized for its quality outcomes and clinical expertise across services lines. It is listed as one of America's 100 Best Hospitals for four consecutive years and has been named one of America's 50 Best Hospitals in 2022 and 2023. For more information, visit towerhealth.org.

About PENN Entertainment

PENN Entertainment, Inc. (Nasdaq: PENN) is North America's leading provider of integrated entertainment, sports content and casino gaming experiences. PENN operates 43 properties in 20 states, online sports betting in 17 jurisdictions and iCasino in five jurisdictions under a portfolio of well-recognized brands, including Hollywood Casino®, L'Auberge®, Barstool Sportsbook and Casino™ and theScore Bet Sportsbook and Casino®. In 2023, PENN completed its acquisition of Barstool Sports, Inc. ("Barstool"). Barstool's vast audience, combined with the reach and highly engaged user base of Score Media and Gaming Inc. ("theScore"), provide us with a significant digital footprint and growing customer ecosystem. PENN's highly differentiated strategy, which is focused on organic cross-sell opportunities, is reinforced by its investments in market-leading retail casinos, sports media assets and technology, including a state-of-the-art, fully integrated digital sports and online casino betting platform and an in-house iCasino content studio. The Company's portfolio is further bolstered by its industry-leading PENN Play™ customer loyalty program, which offers its approximately 27 million members a unique set of rewards and experiences across our various channels. PENN is deeply committed to fostering a culture that welcomes a diverse set of customers and dedicated team members. The Company has been consistently ranked in the top two as "Employer of First Choice" over the last nine years in the Bristol Associates-Spectrum Gaming's Executive Satisfaction Survey. In addition, as a long-standing good corporate citizen, PENN is also committed to creating a culture of responsible gaming, being a trusted and valued member of its communities and acting as a responsible steward of our finite natural resources.

Media:

Eric Schippers

Senior Vice President, Public Affairs

PENN Entertainment

610/373-2400

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