• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Leading Proxy Advisory Firm ISS Recommends PENN Entertainment Shareholders Vote "FOR" All Three Director Candidates Nominated by HG Vora

    6/6/25 11:47:00 AM ET
    $PENN
    Hotels/Resorts
    Consumer Discretionary
    Get the next $PENN alert in real time by email

    Institutional Shareholder Services ("ISS") Recommends Shareholders Cast Votes Using the GOLD Proxy Card "FOR" William Clifford, Johnny Hartnett and Carlos Ruisanchez at PENN's 2025 Annual Meeting

    ISS Finds a Clear Case for Meaningful Change at PENN; Highlights that PENN has "Underperformed Peers Across the Board" and Raises "Concerns About its Approach to Refreshment"

    ISS States the Independent Director Nominees Would Bring "Direct Gaming Industry Experience" to PENN's Board

    HG Vora Urges Shareholders to Vote "FOR" All Three Independent Candidates on the GOLD Proxy Card to Express Their Desire for Genuine, Shareholder-Driven Change at PENN

    HG Vora Capital Management, LLC (together with its affiliates, "HG Vora") today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of PENN Entertainment, Inc. (NASDAQ:PENN) ("PENN" or the "Company") cast their votes "FOR" the election of all three independent director candidates nominated by HG Vora – William Clifford, Johnny Hartnett, and Carlos Ruisanchez – to the Company's Board of Directors (the "Board") on the GOLD proxy card at PENN's 2025 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for June 17, 2025.

    In its report,* ISS concluded that PENN's performance under current leadership has "been disappointing over all measurement periods", that the Board's misguided interactive strategy has "failed to drive the returns expected by shareholders", and that there is "clearly a case for board change" given there is "little evidence that the board has been able to hold management accountable."

    With respect to PENN's significant underperformance and strategic errors under the current Board, ISS said:

    • "The company's push into interactive has not been successful."
    • "The overall story is one of M&A that has generally failed to drive the returns expected by shareholders."
    • "It is particularly difficult to overlook the negative inflection that coincided with expansion into online sports betting, which is highlighted by the dissident."
    • "Most worryingly, the company has pursued acquisitions and partnerships since early 2020 that have failed to meet the expectations of shareholders, and failed to meet the company's own stated goals."
    • "The board appears not to have taken tangible lessons from its record in approving company acquisitions."

    With respect to the Board's composition, poor corporate governance, and lack of management oversight, ISS said:

    • "The board lacks an adequate level of direct gaming industry experience. It appears that this deficiency has hampered the board's ability to effectively oversee management during the push into interactive, which has in turn translated into disappointing TSR and operational results."
    • "[T]here is little evidence that the board has been able to hold management accountable, as the company has continued to pursue a strategy that has failed to deliver on expectations."

    With respect to the qualifications of the three independent director candidates, ISS said:

    • "Hartnett and Ruisanchez seem to have fortuitously presented the board with a ready-made solution to a problem it was otherwise unprepared to address."
    • "The more important point is that the board requires additional direct gaming industry experience, which Clifford can impart. He also has experience at the company itself, as a member of senior management and recently as a consultant."
    • "[With respect to Clifford …], there is little evidence that the board has been able to hold management accountable, which suggests that a director who is not afraid to share a contrarian viewpoint may be a valuable addition."
    • "There does not appear to be an outcome that would make support unwarranted for Clifford at this meeting."

    In conclusion, ISS said, "support for Clifford, as well as Hartnett and Ruisanchez, is warranted on the dissident card."

    Previously, leading independent proxy advisory firm Egan-Jones Proxy Services also recommended that PENN shareholders cast their votes "FOR" the election of all three independent director candidates nominated by HG Vora – William Clifford, Johnny Hartnett, and Carlos Ruisanchez – to the Board using the GOLD proxy card at PENN's 2025 Annual Meeting.

    To ensure the election of William Clifford, Johnny Hartnett, and Carlos Ruisanchez, it is essential that all PENN shareholders vote the GOLD proxy card "FOR" HG Vora's highly qualified director nominees – William Clifford, Johnny Hartnett, and Carlos Ruisanchez.

    With PENN's Annual Meeting less than two weeks away, it is important that shareholders cast their votes today. Every vote is important, no matter how many shares you own.

    If you have any questions about how to vote your shares, please contact our proxy solicitor Okapi Partners by telephone at 877-629-6355 or email at [email protected];

    For more information, including voting instructions, visit our website www.WinAtPENN.com.

    *HG Vora has neither sought nor obtained consent from ISS to use previously published information in this press release

    Cautionary Statement Regarding Forward-Looking Statements

    The information herein contains "forward-looking statements" that can be identified by the fact that they do not relate strictly to historical or current facts. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as "may," "will," "expects," "believes," "anticipates," "plans," "intends," "estimates," "projects," "potential," "targets," "forecasts," "seeks," "could," "should" or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct. If one or more of the risks or uncertainties materialize, or if HG Vora's underlying assumptions prove to be incorrect, the actual results may vary materially from outcomes indicated by these statements. Accordingly, forward-looking statements should not be regarded as a representation by HG Vora that the future plans, estimates or expectations contemplated will ever be achieved. The information herein does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein in any state to any person.

    Certain Information Concerning the Participants

    HG Vora and the other Participants (as defined below) filed a definitive proxy statement and accompanying gold universal proxy card with the SEC on May 12, 2025 to be used to solicit proxies for the election of its slate of director nominees at the 2025 annual meeting of shareholders (the "2025 Annual Meeting") of PENN Entertainment, Inc. ("PENN").

    The participants in the proxy solicitation are currently anticipated to be HG Vora Capital Management, LLC (the "Investment Manager"), HG Vora Special Opportunities Master Fund, Ltd. ("Master Fund"), Downriver Series LP – Segregated Portfolio C ("Downriver"), Parag Vora ("Mr. Vora" and, collectively with Investment Manager, Master Fund and Downriver, "HG Vora"), Johnny Hartnett, Carlos Ruisanchez and William Clifford (collectively all of the foregoing, the "Participants").

    As of the date hereof, (i) Master Fund directly owns 3,825,000 shares of common stock, par value $0.001 per share (the "Common Stock"), of PENN, including 100 shares of Common Stock as the record holder and (ii) Downriver directly owns 3,425,000 shares of Common Stock, including 100 shares of Common Stock as the record holder (collectively, the 7,250,000 shares of Common Stock owned by Master Fund and Downriver, the "HG Vora Shares"). The HG Vora Shares collectively represent approximately 4.80% of the outstanding shares of Common Stock, based on the 150,852,769 shares of Common Stock outstanding as of April 24, 2025, as disclosed by PENN on its proxy statement for the Annual Meeting. The Investment Manager is the investment manager of Master Fund and Downriver, each of which have delegated all investment and voting decisions to the Investment Manager. Mr. Vora is the manager of the Investment Manager and has authority over day-to-day operations and investment and voting decisions, including with respect to the HG Vora Shares, of the Investment Manager. Each of the Investment Manager and Mr. Vora may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the HG Vora Shares and indirect ownership thereof. Mr. Ruisanchez directly owns 3,150 shares of Common Stock. Neither Mr. Clifford nor Mr. Hartnett beneficially own any shares of Common Stock. Certain of the Participants are also from time to time party to certain derivative instruments that provide economic exposure to PENN's Common Stock. All of the foregoing information is as of the date hereof unless otherwise disclosed.

    Important Information and Where to Find It

    HG VORA STRONGLY ADVISES ALL SHAREHOLDERS OF THE CORPORATION TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER PROXY MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT WWW.SEC.GOV. THE DEFINITIVE PROXY AND ACCOMPANYING PROXY CARD WILL ALSO BE FURNISHED TO SOME OR ALL OF THE COMPANY'S SHAREHOLDERS. SHAREHOLDERS MAY DIRECT A REQUEST TO THE PARTICIPANTS' PROXY SOLICITOR, OKAPI PARTNERS LLC, 1212 AVENUE OF THE AMERICAS, 17TH FLOOR, NEW YORK, NEW YORK 10036 (SHAREHOLDERS CAN CALL TOLL-FREE: (877) 629-6355).

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250606852752/en/

    Investors

    Bruce Goldfarb/Chuck Garske

    Okapi Partners

    (877) 629-6355



    Media

    Jonathan Gasthalter/Nathaniel Garnick/Iain Hughes

    Gasthalter & Co.

    (212) 257-4170

    Get the next $PENN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PENN

    DatePrice TargetRatingAnalyst
    12/13/2024$27.00Neutral → Overweight
    Analyst
    11/13/2024$22.00Neutral
    BofA Securities
    6/25/2024Outperform → Mkt Perform
    Raymond James
    6/21/2024$30.00Hold → Buy
    Craig Hallum
    5/21/2024$20.00Outperform
    Raymond James
    5/13/2024$28.00 → $17.50Buy → Neutral
    BofA Securities
    4/23/2024$23.00Hold → Buy
    Truist
    4/16/2024Hold
    The Benchmark Company
    More analyst ratings

    $PENN
    Financials

    Live finance-specific insights

    See more
    • PENN Entertainment, Inc. Reports First Quarter Results

      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 lega

      5/8/25 7:00:00 AM ET
      $GLPI
      $PENN
      $VICI
      Real Estate Investment Trusts
      Real Estate
      Hotels/Resorts
      Consumer Discretionary
    • Gaming And Leisure Properties Reports First Quarter 2025 Results and Updates 2025 Full Year Guidance

      WYOMISSING, Pa., April 24, 2025 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended March 31, 2025. Financial Highlights   Three Months Ended March 31,(in millions, except per share data) 2025 2024Total Revenue $395.2 $376.0Income from Operations $258.8 $257.6Net Income $170.4 $179.5FFO(1) (4) $234.8 $244.4AFFO(2) (4) $272.0 $258.6Adjusted EBITDA(3) (4) $360.1 $333.4Net income, per diluted common share and OP/LTIP units(4) $0.60 $0.64FFO, per diluted common share and OP/LTIP units(4) $0.83 $0.87AFFO, per diluted common share and OP/LTIP units(4) $0.96 $0.92 _____________________________

      4/24/25 4:15:00 PM ET
      $BALY
      $BYD
      $CZR
      $GLPI
      Hotels/Resorts
      Consumer Discretionary
      Real Estate Investment Trusts
      Real Estate
    • PENN Entertainment to Report First Quarter Results and Host Conference Call and Webcast on May 8

      PENN Entertainment, Inc. (NASDAQ:PENN) announced today that it will release its 2025 first quarter financial results at 7:00 a.m. ET on Thursday, May 8, 2025, followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public. The conference call number is 203-518-9765 (conference ID: PENN); please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call at www.pennentertainment.com; allow 15 minutes to register, download, and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the c

      4/3/25 10:00:00 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary

    $PENN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • PENN Entertainment Responds to ISS Report

      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 Meeting 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 Ha

      6/6/25 5:39:00 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • Leading Proxy Advisory Firm ISS Recommends PENN Entertainment Shareholders Vote "FOR" All Three Director Candidates Nominated by HG Vora

      Institutional Shareholder Services ("ISS") Recommends Shareholders Cast Votes Using the GOLD Proxy Card "FOR" William Clifford, Johnny Hartnett and Carlos Ruisanchez at PENN's 2025 Annual Meeting ISS Finds a Clear Case for Meaningful Change at PENN; Highlights that PENN has "Underperformed Peers Across the Board" and Raises "Concerns About its Approach to Refreshment" ISS States the Independent Director Nominees Would Bring "Direct Gaming Industry Experience" to PENN's Board HG Vora Urges Shareholders to Vote "FOR" All Three Independent Candidates on the GOLD Proxy Card to Express Their Desire for Genuine, Shareholder-Driven Change at PENN HG Vora Capital Management, LLC (together w

      6/6/25 11:47:00 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • PENN Entertainment Sets August 11 as Grand Opening Date for New Hollywood Casino Joliet in Illinois

      New land-based casino will be the featured attraction of Rock Run Collection's super-regional destination in Chicagoland PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) announced today that it expects to open the new land-based Hollywood Casino Joliet to the public on Monday, August 11, pending customary regulatory approvals. PENN's newest casino is scheduled to open nearly six months ahead of the Company's originally scheduled construction timeline. The new state-of-the-art destination entertainment facility will anchor Rock Run Collection, a new super-regional commercial and residential development, conveniently located adjacent to the Interstate 80 and Interstate 55

      5/28/25 8:00:00 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary

    $PENN
    Leadership Updates

    Live Leadership Updates

    See more
    • PENN Entertainment Sends Letter to Shareholders

      Reiterates Commitment to Creating Value for All Shareholders PENN Entertainment, Inc. (NASDAQ:PENN) ("PENN" or the "Company") today issued the following letter to shareholders. The full text of the letter follows: Dear Fellow Shareholder, We are writing to provide an important update on the Company's performance, progress on its key strategic priorities to drive shareholder value and significant efforts to reach a mutually agreeable and reasonable resolution with HG Vora Capital Management, LLC ("HG Vora"). Our industry is undergoing a fundamental transformation. Customers are increasingly looking for online experiences, and the digital space is the core driver of meaningful industry g

      5/15/25 7:30:00 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • PENN Entertainment Announces Partnership with Monumental Sports & Entertainment for Market Access in Washington, D.C.

      ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports & Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mysti

      1/13/25 12:00:00 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • PENN Entertainment Levels Up Loyalty Rewards for Millions of PENN Play™ Members with Ticketmaster

      PENN Entertainment is expanding its partnership with Ticketmaster to enhance PENN Play™, its industry-leading customer loyalty offering. Members can now connect their PENN Play Member Rewards and Ticketmaster accounts to use PENN Cash for tickets to concerts, sporting events and shows, providing a new convenient payment option. PENN Entertainment Inc. ("PENN") (NASDAQ:PENN) today announced that it has expanded its partnership with Ticketmaster to offer exciting new benefits for its more than 30 million loyalty members. Starting today, PENN Play members can redeem rewards for tickets to live events through Ticketmaster. Additionally, PENN will have on-site activations at five amphithe

      6/26/24 2:30:00 PM ET
      $LYV
      $PENN
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
      Hotels/Resorts

    $PENN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by PENN Entertainment Inc.

      SC 13G/A - PENN Entertainment, Inc. (0000921738) (Subject)

      11/12/24 10:34:15 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by PENN Entertainment Inc.

      SC 13D/A - PENN Entertainment, Inc. (0000921738) (Subject)

      9/3/24 6:55:20 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by PENN Entertainment Inc.

      SC 13G/A - PENN Entertainment, Inc. (0000921738) (Subject)

      7/10/24 1:14:40 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary

    $PENN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Handler David A bought $148,264 worth of shares (10,000 units at $14.83), increasing direct ownership by 3% to 322,941 units (SEC Form 4)

      4 - PENN Entertainment, Inc. (0000921738) (Issuer)

      5/22/25 9:53:27 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • CEO and President Snowden Jay A bought $499,766 worth of shares (34,000 units at $14.70), increasing direct ownership by 3% to 1,082,625 units (SEC Form 4)

      4 - PENN Entertainment, Inc. (0000921738) (Issuer)

      5/22/25 8:55:49 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • Officer Rogers Christopher Byron bought $59,792 worth of shares (3,737 units at $16.00), increasing direct ownership by 4% to 91,217 units (SEC Form 4)

      4 - PENN Entertainment, Inc. (0000921738) (Issuer)

      5/12/25 4:05:30 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary

    $PENN
    SEC Filings

    See more
    • SEC Form DEFA14A filed by PENN Entertainment Inc.

      DEFA14A - PENN Entertainment, Inc. (0000921738) (Filer)

      5/29/25 8:09:09 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • SEC Form DEFA14A filed by PENN Entertainment Inc.

      DEFA14A - PENN Entertainment, Inc. (0000921738) (Filer)

      5/27/25 7:38:13 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • SEC Form DFAN14A filed by PENN Entertainment Inc.

      DFAN14A - PENN Entertainment, Inc. (0000921738) (Subject)

      5/21/25 5:21:18 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary

    $PENN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $PENN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • PENN Entertainment upgraded by Analyst with a new price target

      Analyst upgraded PENN Entertainment from Neutral to Overweight and set a new price target of $27.00

      12/13/24 8:10:47 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • BofA Securities resumed coverage on PENN Entertainment with a new price target

      BofA Securities resumed coverage of PENN Entertainment with a rating of Neutral and set a new price target of $22.00

      11/13/24 8:19:36 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • PENN Entertainment downgraded by Raymond James

      Raymond James downgraded PENN Entertainment from Outperform to Mkt Perform

      6/25/24 8:00:25 AM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • Director Handler David A bought $148,264 worth of shares (10,000 units at $14.83), increasing direct ownership by 3% to 322,941 units (SEC Form 4)

      4 - PENN Entertainment, Inc. (0000921738) (Issuer)

      5/22/25 9:53:27 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • CEO and President Snowden Jay A bought $499,766 worth of shares (34,000 units at $14.70), increasing direct ownership by 3% to 1,082,625 units (SEC Form 4)

      4 - PENN Entertainment, Inc. (0000921738) (Issuer)

      5/22/25 8:55:49 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary
    • Officer Rogers Christopher Byron bought $59,792 worth of shares (3,737 units at $16.00), increasing direct ownership by 4% to 91,217 units (SEC Form 4)

      4 - PENN Entertainment, Inc. (0000921738) (Issuer)

      5/12/25 4:05:30 PM ET
      $PENN
      Hotels/Resorts
      Consumer Discretionary