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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 […]
Industry
May 15, 2025
HG Vora Pushes for New Board Members at PENN Entertainment
HG Vora Capital Management has stepped up its fight against PENN Entertainment’s current leaders. The investment firm has now submitted proxy documents to the Securities and Exchange Commission (SEC). It is asking shareholders to vote for its three suggested candidates for the company’s board. This vote will take place at PENN’s Annual Shareholder Meeting on […]
