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20.06.25 - 15:03
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PENN Entertainment, Inc. Announces Final Settlement Terms of Previously Announced Note Repurchase Transactions (Business Wire)
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WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today the final settlement terms of its previously announced note repurchase transactions, pursuant to which the Company agreed to repurchase for cash consideration certain of the Company's outstanding 2.75% Convertible Senior Notes due 2026 (the “Convertible Senior Notes”) through separate and privately negotiated repurchase transactions (such repurchased notes, the “Repurchased Notes”, and each such transaction, a “Note Repurchase Transaction”).
The aggregate cash payment for such Note Repurchase Transactions is approximately $233.5 million, which was determined following an averaging period beginning on June 16, 2025 through June 18, 2025 and is inclusive of accrued and unpaid interest on the Repurchased Notes. After giving effect to the repurchase and cancellation of the Repurchased Notes, the Company will have approximately $106.7 million in aggregate principal amount of ...
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17.06.25 - 16:30
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PENN Entertainment Welcomes Johnny Hartnett and Carlos Ruisanchez as Duly Elected Directors (Business Wire)
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WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today reported preliminary voting results with respect to the election of directors from its 2025 Annual Meeting of Shareholders held on June 17, 2025. PENN shareholders elected the Company's two director nominees, Johnny Hartnett and Carlos Ruisanchez, to serve on the Company's Board of Directors.
The PENN Board issued the following statement:
We are pleased to welcome Johnny and Carlos, both of whom bring highly relevant experience in digital and retail gaming to the Board.
Over the past several months, we have continued to engage with our shareholders, and we look forward to incorporating feedback from those conversations as we move ahead. It is clear from this engagement that PENN's Board, management team and shareholders are aligned in their focus on ensuring PENN is achieving its full potential.
The Board remains committed to the close oversight of our differentiated omni-channel strategy a...
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06.06.25 - 23:42
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PENN Entertainment Responds to ISS Report (Business Wire)
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Reiterates that PENN and HG Vora Are Recommending the Same Two Highly-Qualified Nominees – Johnny Hartnett and Carlos Ruisanchez – for the Two Available Director Seats at the Upcoming Annual MeetingWYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today made the following statement in response to the report issued today by Institutional Shareholder Services (“ISS”) related to the Company's 2025 Annual Meeting of Shareholders (the “Annual Meeting”) on June 17, 2025:
The ISS report confirms that two director seats are up for election at the 2025 Annual Meeting and that PENN and HG Vora have nominated and are recommending the same two highly-qualified candidates - Johnny Hartnett and Carlos Ruisanchez. ISS recognizes the open-mindedness with which PENN evaluated HG Vora's director candidates, noting: “To its credit, the board appears to have given serious consideration to all three dissident nominees, and was open to accepting two of t...
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21.05.25 - 21:24
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HG Vora Releases Investor Presentation Highlighting Need for Shareholder-Led Change at PENN Entertainment (Business Wire)
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Details Abysmal Performance, Strategic Missteps, and Poor Corporate Governance Under PENN's Current Leadership
Explains How Genuine Change is Needed to Restore Oversight and Accountability to PENN's Entrenched Board
Highlights How the Three Independent Director Candidates Nominated by HG Vora – William Clifford, Johnny Hartnett and Carlos Ruisanchez – Can Help Restore Value at PENN
Urges Shareholders to Vote for All Three Candidates Nominated by HG Vora on the GOLD Proxy Card
NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today released a comprehensive presentation highlighting the urgent need for change on the Board of Directors of PENN Entertainment, Inc. (NASDAQ: PENN) (“PENN” or the “Company”) at the Company's 2025 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on June 17, 2025.
HG Vora encourages all shareholders to review the presentation here and access additional related materials at www.WinAtPENN.com.
V...
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08.05.25 - 14:48
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PENN Entertainment Reports Net Income In Q1 (AFX)
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WASHINGTON (dpa-AFX) - PENN Entertainment, Inc. (PENN) reported first quarter net income attributable to PENN of $111.8 million compared to a loss of $114.7 million, prior year. Profit per share w......
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08.05.25 - 13:21
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PENN Entertainment, Inc. Reports First Quarter Results (Business Wire)
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WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the quarter ended March 31, 2025.
Jay Snowden, Chief Executive Officer and President, said: “PENN's properties demonstrated strong resilience in the quarter following severe weather challenges earlier in the year, as gaming volumes rebounded in March and remained consistent through April and early May. In our Interactive segment we generated record gaming revenue and significant year-over-year improvements in both revenue and Adjusted EBITDA despite industry-wide unfavorable sports betting hold. Our corporate overhead costs were higher by approximately $8 million in the quarter due to legal and advisory expenses. Through May 7, 2025 we have repurchased $35 million of shares and remain committed to our previously stated goal to repurchase at least $350 million of shares this year.
Resilient Core Business Trends
Property level highlights1:
Revenues of $1.4 billi...
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