Cullinan Properties is excited to announce the addition of Hollywood Casino Joliet as an anchor tenant at the Rock Run Crossings development project. The construction of the casino is expected to begin in late 2023, subject to local regulatory approval.

The parent company of Hollywood Casino Joliet, PENN Entertainment, announced its intention to develop a new
land‐based casino at Rock Run Crossings in Joliet, IL. The casino project has an estimated budget of $185 million
and will combine state‐of‐the‐art gaming with multiple high‐quality dining options and 10,000 SF of meeting and
event space at the highly visible, super‐regional Rock Run Crossings development site.

“We are delighted to be working with PENN Entertainment to have Hollywood Casino as an anchor at our Rock
Run Crossings mixed‐use development. This tenant encompasses our vision for the project that will feature a
variety of dynamic uses throughout the site,” said Matthew Beverly, CEO of Cullinan Properties. “We look forward
to continuing to work with the City of Joliet, prospective tenants and current partners to bring the Rock Run
Crossings project to life. Over the past several months, we have accomplished several milestones including the
execution of the development agreement, the I‐55/Illinois 59 interchange construction momentum and now the
announcement of a high‐traffic generating anchor tenant,” added Beverly.

“The city has worked closely with Hollywood Casino and Cullinan Properties to enable the casino to stay within the
area as well as be a catalyst for the region’s exciting new mixed‐use development, Rock Run Crossings,” said
Mayor Bob O’Dekirk. “The City of Joliet continues its upward trajectory since the pandemic as this announcement
is another example of positive, on‐going development within the city and the region as a whole,” added O’Dekirk.
Hollywood Casino has been an entertainment staple in the Joliet area since 1992.

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About Rockrun Collection
Owned and developed by Cullinan Properties, Rockrun Collection is an exciting 310‐acre SUPER-REGIONAL DEVELOPMENT site located at the gateway to Chicagoland with excellent highway visibility and over 1 million square feet of dedicated mixed‐use space. Anchored by Regal, the mixed‐use development will include additional entertainment, retail, hotels, office/healthcare and multifamily. For more information, visit ROCKRUNCOLLECTION.com and @RockRunCollection on Facebook.

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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 14 jurisdictions and iCasino in five under a portfolio of well‐recognized brands including Hollywood Casino®, L’Auberge®, Barstool Sportsbook® and theScore Bet®. 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, owned 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 mychoice customer loyalty program, which offers its over 26 million members a unique set of rewards and experiences across business 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 being a trusted and valued member of its communities and a responsible steward of our finite natural resources.

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About Cullinan Properties
Cullinan Properties is a leading developer of real estate specializing in commercial and mixed‐use developments and
acquisitions. With offices in Peoria, IL, Chicago, IL and St. Louis, MO, Cullinan Properties is a multi‐disciplined real estate firm that develops, manages and owns mixed‐use, retail, multifamily, office, governmental and healthcare properties throughout the United States, including Illinois, Missouri, Florida, Michigan, Georgia and Texas. For additional information about Cullinan Properties, Ltd., visit CullinanProperties.com and @CullinanProperties on LinkedIn.