PENN NATL GAMING INC

Ticker: PENN CUSIP: 707569109 Class: Common Stock

DISCOVERY CAPITAL MANAGEMENT, LLC / CT's Holding History (CIK: 0001389507)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014

Shares 369,102 Value ($000) $4,547 Avg Close $12.34 Range $10.84 - $14.45

Q4 2013

Shares 1,010,400 Value ($000) $14,479 Avg Close $13.74 Range $12.24 - $15.50

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	369,102	$4,547	$12.34	$10.84 - $14.45
Q4 2013	1,010,400	$14,479	$13.74	$12.24 - $15.50