About PENN Entertainment, Inc. - Common Stock (PENN)
Penn Entertainment Inc is a leading player in the gaming and entertainment industry, primarily focused on operating a diverse portfolio of casinos and gaming facilities across the United States. The company provides a wide array of gaming options, including slot machines, table games, and online gaming platforms, aimed at delivering an engaging experience for its customers. Additionally, Penn Entertainment engages in strategic partnerships and ventures, enhancing its market presence and offering innovative entertainment experiences, such as live events and sports betting integrations. Through its commitment to customer satisfaction and community engagement, the company continues to grow and evolve within the dynamic landscape of the entertainment sector. Read More
HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today released a comprehensive presentation highlighting the urgent need for change on the Board of Directors of PENN Entertainment, Inc. (NASDAQ: PENN) (“PENN” or the “Company”) at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on June 17, 2025.
A number of stocks fell in the afternoon session after the major indices fell further in the afternoon (Nasdaq -1.3%, S&P 500 - 1.4%) as Treasury yields rose, reflecting market anxiety over a draft federal budget that could worsen the already wide US fiscal deficit.
PENN Entertainment Inc (PENN) and Shake Shack Inc. (SHAK) partner to bring popular burger chain to 10 casino properties, aiming to enhance guest experience and expand geographic footprint. First two locations set to open in 2026, with more to follow. Partnership reflects trend of integrating culinary brands into casinos. Related ETFs: PEJ, EATZ. PENN shares down 2.11% and SHAK down 1.02%.
PENN Entertainment, Inc. (“PENN”) (Nasdaq: PENN) and Shake Shack Inc. (“Shake Shack”) (NYSE: SHAK) today announced a licensing partnership to bring the iconic burger brand to ten of PENN’s casino locations throughout the country. The first Shacks are expected to open at Hollywood Casino Toledo, Ohio and River City Casino Hotel in St. Louis, Mo. in 2026, pending customary regulatory approvals.
HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today issued the following statement regarding the acknowledgement buried in PENN Entertainment, Inc.’s (NASDAQ: PENN) (“PENN” or the “Company”) May 19, 2025 letter that it “will continue to consider opportunities to further refresh the Board” after the 2025 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on June 17, 2025. On April 25, 2025, PENN’s Board unilaterally reduced the number of seats up for election at the Annual Meeting, which HG Vora believes was done to deprive shareholders of their fundamental right to elect three directors of their choosing.
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HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) filed its definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its nomination of candidates for election to the Board of Directors (the “Board”) of PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”), which is scheduled to be held on June 17, 2025.
U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor appetite for riskier assets.
Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) fell short of the market’s revenue expectations in Q1 CY2025 as sales rose 4.1% year on year to $1.67 billion. Its non-GAAP loss of $0.25 per share was significantly below analysts’ consensus estimates.
HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today filed a complaint in the United States District Court for the Eastern District of Pennsylvania (the “Court”) against PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) and its Board of Directors (the “Board”).
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN)
will be reporting earnings tomorrow before the bell. Here’s what to expect.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
HG Vora, which holds a less than 5% stake in Penn, said the company's action was "self-serving" and that it would continue pushing for board representation.
HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today responded to the actions the Board of Directors of PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) took on April 25, 2025, which included reducing the number of seats up for election at PENN’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”) from three to two.
PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today announced that it intends to nominate Johnny Hartnett and Carlos Ruisanchez for election to its Board of Directors following discussions with HG Vora Capital Management, LLC (“HG Vora”). Ron Naples has informed the Board that he will retire from the Board, effective immediately. Barbara Shattuck Kohn and Saul Reibstein have notified the Company that they will not stand for reelection at the 2025 Annual Meeting of Shareholders. The Board now comprises eight directors, seven of whom are independent.
