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HG Vora Nominees Johnny Hartnett and Carlos Ruisanchez Elected to Penn Entertainment's Board at 2025 Annual Meeting of Shareholders

1. HG Vora's nominees elected to PENN's Board with over 55% support. 2. This shareholder influence may drive strategic changes at PENN.

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Why Bullish?

The election of independent directors could lead to enhanced governance and strategic initiatives, which historically have led to increased stock performance in similar scenarios, such as recent changes seen in companies like GameStop after board shifts.

How important is it?

Such board changes often indicate forthcoming strategic shifts that can impact company performance and investor sentiment substantially.

Why Short Term?

Immediate investor sentiment may boost PENN's stock in the short term, similar to past board changes that fostered optimism among shareholders.

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NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) a significant shareholder of PENN Entertainment, Inc. (NASDAQ: PENN) (“PENN” or the “Company”), today announced that its independent director nominees Johnny Hartnett and Carlos Ruisanchez were elected to PENN's Board of Directors (the “Board”) at the Company's 2025 Annual Meeting of Shareholders (the “Annual Meeting”). More than 55% of all votes cast in the election were submitted on HG Vora's.

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