Legal
December 5, 2025
HG Vora Challenges the Verdict of Penn Entertainment’s SLC
The legal clash between hedge fund HG Vora and Penn Entertainment continues, with the former now scrutinizing the recent findings of the operator’s special legal committee (SLC). HG Vora asserted that the committee committed significant factual errors in its assessment. The Hedge Fund Says the SLC Committed Significant Factual Errors The current clash stems from […]
Sports
November 28, 2025
Independent Review Backs PENN’s Board in Dispute Over Director Cutback
PENN Entertainment‘s ongoing fight with activist investor HG Vora took a new turn this week after an independent review supported the casino operator’s approach to its board restructuring. Report Finds PENN Acted Properly in Reducing Board Seats Amid HG Vora Clash A report given to the US District Court for the Eastern District of Pennsylvania […]
Business
September 2, 2025
Glitnor Group Secures EUR 55M Facility from HG Vora Capital
Glitnor Group has secured a significant financial investment following a contribution of EUR 55 million ($64.2 million) from the US-based HG Vora Capital Management. This capital injection will support the operator’s expansion via mergers and acquisitions while bolstering strategic growth initiatives in regulated markets across Europe and North America. The deal should also help Glitnor […]
Industry
August 7, 2025
Maverick Gaming’s Bankruptcy Reportedly Linked to HG Vora Involvement
Maverick Gaming’s slide into bankruptcy has resurrected questions about the impact of HG Vora Capital Management on the operator’s rapid expansion. Recent reports allege that such involvement contributed to the company’s downfall. While the information remains unconfirmed, it raises questions about the influence investment firms have over the strategic decisions of gaming operators. Maverick’s Ambitious […]
Sports
June 10, 2025
Glass Lewis Backs Penn Entertainment’s Board Picks Before Shareholder Vote
Glass Lewis, an independent proxy advisor, has told Penn Entertainment shareholders to vote for the company’s board nominees, Johnny Hartnett and Carlos Ruisanchez. Glass Lewis: Clifford Lacks Distinction, Penn’s Picks Offer Stronger Fit This advice comes before the upcoming annual meeting on June 17 as Penn faces an ongoing proxy fight with activist hedge fund […]
Sports
June 10, 2025
PENN Entertainment Pushes Back on ISS Recommendation
PENN Entertainment has issued a firm response to Institutional Shareholder Services’ (ISS) recent report, which has urged shareholders to vote for the three board nominees presented by activist investor HG Vora. PENN’s upcoming annual meeting on June 17, 2025, will include a key vote that could significantly shake up the company’s leadership amidst ongoing challenges. […]
Business
May 28, 2025
PENN Entertainment Fights Back Against Investor Claims Before Board Meeting
With a crucial proxy fight coming to a climax, PENN Entertainment has countered what it labels a string of deceptive accusations from HG Vora Capital Management, one of its biggest investors. The gaming firm put out an addition this week to challenge statements the activist hedge fund made in a recent 116-slide presentation. PENN Backs […]
Business
May 22, 2025
HG Vora Pressures Penn Over $11B Shareholder Value Loss
Activist hedge fund and major Penn Entertainment shareholder HG Vora is intensifying its campaign for change at the gaming company. “Genuine Change Is Needed at PENN” In a detailed presentation titled “Genuine Change Is Needed at PENN,” the fund accused the premier regional casino operator in the U.S of squandering over $11 billion in shareholder […]
Industry
May 20, 2025
HG Vora Slams Penn Over Possible Unelected Board Pick
Activist hedge fund HG Vora is taking aim at Penn Entertainment again, this time criticizing what it calls a “self-serving” plan by the casino operator to potentially install another director after its annual shareholder meeting on June 17, without a shareholder vote. The Controversial Letter The controversy stems from a May 15 letter Penn sent […]
Business
May 16, 2025
PENN Entertainment Fights Back Against Activist Investor Criticism
PENN Entertainment has launched a counterattack to challenge HG Vora Capital Management’s disapproval, standing up for its future plans and choices about how the company is run in a thorough message to its stockholders. This public statement follows just a day after HG Vora submitted its own proxy document to question PENN’s current path. PENN […]