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HG Vora Issues Statement Regarding PENN Entertainment's Revealed Intent to Add Director After 2025 Annual Meeting to Avoid Shareholder Accountability

1. HG Vora Capital urges PENN to refresh its Board after the 2025 Annual Meeting.

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FAQ

Why Bullish?

Increased board refresh discussions may lead to strategic shifts. Historical trends show board changes often boost investor confidence.

How important is it?

The focus on board refreshment signals potential strategic changes that could impact future performance.

Why Long Term?

Changes in board composition typically take time to yield results. Long-term strategic adjustments could stabilize or enhance PENN's market position.

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NEW YORK--(BUSINESS WIRE)--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.

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