Argosy Gaming Company Sets Special Meeting Date for Approval of Merger Agreement ALTON, Ill., Dec. 6 /PRNewswire-FirstCall/ -- Argosy Gaming Company (NYSE:AGY) announced today that the Company will hold a special meeting of stockholders on Thursday, January 20, 2005, at 2:00 p.m. Central Standard Time, at the Hilton St. Louis Airport, 10330 Natural Bridge Road, St. Louis, Missouri 63134 for the purpose of voting on the merger agreement among the Company, Penn National Gaming, Inc. and a wholly-owned subsidiary of Penn National Gaming, Inc. Stockholders of record of the Company as of the close of business on Thursday, December 16, 2004 will be entitled to vote at the special meeting. About Argosy Gaming Company Argosy Gaming Company is a leading owner and operator of casinos and related entertainment and hotel facilities in the midwestern and southern United States. Argosy owns and operates the Alton Belle Casino in Alton, Illinois, serving the St. Louis metropolitan market; the Argosy Casino- Riverside in Missouri, serving the greater Kansas City metropolitan market; the Argosy Casino-Baton Rouge in Louisiana; the Argosy Casino-Sioux City in Iowa; the Argosy Casino-Lawrenceburg in Indiana, serving the Cincinnati and Dayton metropolitan markets; and the Empress Casino Joliet in Illinois serving the greater Chicagoland market. DATASOURCE: Argosy Gaming Company CONTACT: Jim Wise, +1-618-474-7476, or Erin Williams, +1-618-474-7465, both of Argosy Gaming Company Web site: http://www.argosycasinos.com/

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