- PENN Entertainment (PENN, Financial) addresses misstatements by HG Vora about company management.
- Despite disagreements, HG Vora secures 25% representation on PENN's Board post-2025 Annual Meeting.
- PENN reinforces regulatory compliance amidst HG Vora’s alleged false claims.
PENN Entertainment, Inc. (PENN) has responded to an investor presentation by HG Vora, which it claims to contain several false statements about the company. The presentation follows an unresolved settlement attempt where HG Vora rejected PENN's proposals, leading to a 25% representation for HG Vora nominees on PENN's Board after the 2025 Annual Meeting.
PENN reiterated its commitment to regulatory compliance, labeling HG Vora’s actions as conflicting with established gaming regulations. The company emphasized its 30-year history of adherence to regulatory standards and transparency in operations, contesting HG Vora's assertions of management misconduct.
While PENN navigates these corporate governance challenges, it continues to focus on expanding its footprint in the entertainment and gaming industry, leveraging partnerships with renowned brands such as ESPN and theScore to enhance its service offerings across North America.
