<SEC-DOCUMENT>0001140361-23-051631.txt : 20231106
<SEC-HEADER>0001140361-23-051631.hdr.sgml : 20231106
<ACCEPTANCE-DATETIME>20231106180027
ACCESSION NUMBER:		0001140361-23-051631
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20231106
FILED AS OF DATE:		20231106
DATE AS OF CHANGE:		20231106

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCACCETTI JANE
		CENTRAL INDEX KEY:			0001179559

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24206
		FILM NUMBER:		231380998

	MAIL ADDRESS:	
		STREET 1:		3111 W ALLEGHENY AVE
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19132

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENN Entertainment, Inc.
		CENTRAL INDEX KEY:			0000921738
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				232234473
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		825 BERKSHIRE BLVD STE 200
		STREET 2:		WYOMISSING PROFESSIONAL CENTER
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610
		BUSINESS PHONE:		6103732400

	MAIL ADDRESS:	
		STREET 1:		825 BERKSHIRE BLVD
		STREET 2:		SUITE 200
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PENN NATIONAL GAMING INC
		DATE OF NAME CHANGE:	19940415
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-11-06</periodOfReport>

    <issuer>
        <issuerCik>0000921738</issuerCik>
        <issuerName>PENN Entertainment, Inc.</issuerName>
        <issuerTradingSymbol>PENN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001179559</rptOwnerCik>
            <rptOwnerName>SCACCETTI JANE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>825 BERKSHIRE BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>WYOMISSING</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19610</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-11-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>22.83</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>63414</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By GRAT</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.82 to $22.83, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares transacted at each separate price within the range set forth in this footnote.</footnote>
        <footnote id="F2">These shares, which were previously held by the reporting person directly, were previously transferred to a grantor retained annuity trust (the &quot;GRAT&quot;). As the reporting person is the trustee and the beneficiary of the GRAT, this transfer was exempt from Section 16 pursuant to Rule 16a-13.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joshua Sidsworth, Attorney-In-Fact for Jane Scaccetti</signatureName>
        <signatureDate>2023-11-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
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<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>ef20014155_ex24-1.htm
<DESCRIPTION>EXHIBIT 24.1
<TEXT>
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  <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
  <div style="text-align: right;"><font style="font-weight: bold;"> Exhibit 24.1</font><br>
    </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div>
    <div style="text-align: center; margin-right: 175.55pt; margin-left: 175.5pt;">POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.8pt; margin-left: 5.95pt;">Know all by these presents, that the undersigned hereby constitutes and appoints each of Jay A.
      Snowden, Felicia Hendrix, and Joshua Sidsworth, signing singly, the undersigned's true and lawful attorney-in-fact to:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 6pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160; prepare,
          execute in the undersigned's name and on the undersigned's behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and
          passwords enabling the undersigned to make electronic filings with the SEC of reports required by the Securities Exchange Act of 1934 (including, but not limited to, Section 16(a) and the rules thereunder), the Securities Act of 1933 (including,
          but not limited to, Rule 144 thereunder) or any rule or regulation of the SEC&#894;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.7pt; margin-left: 6pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160; execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of PENN Entertainment, Inc., a Pennsylvania corporation (the "Company"), Forms 3, 4, and 5 in accordance with Section
          16(a) of the Securities Exchange Act of 1934 and the rules thereunder, Form 144 in accordance with Rule 144 of the Securities Act of 1933 and any other forms or reports (including amendments thereto) the undersigned may be required to file in
          connection with the undersigned's ownership, acquisition, or disposition of securities of the Company&#894;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.8pt; margin-left: 6pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, Form 144 or other form or report (including amendments
          thereto), and timely file such form, schedule or report with the SEC and any stock exchange or similar authority&#894; and</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 5.95pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being
          understood that the documents executed by such attorney- in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such
          attorney-in- fact's discretion.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.7pt; margin-left: 5.95pt;">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and
      perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present,
      with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the
      rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's
      responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 and rules thereunder, Rule 144 of the Securities Act of 1933.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.7pt; margin-left: 5.95pt;"> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 5.85pt; margin-left: 6pt;">This Power of Attorney shall remain in full force and effect until the undersigned is no longer
      required to file Forms 3, 4, and 5, and Form 144 (including amendments thereto) with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing
      delivered to the foregoing attorneys- in-fact. This Power of Attorney revokes all previous powers of attorney with respect to the subject matter of this Power of Attorney.</div>
    <div><br>
    </div>
    <div style="margin-left: 6pt; text-indent: 36pt;">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of August 30, 2023.</div>
    <div><br>
    </div>
    <div>
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              <div style="text-align: left;">&#160;</div>
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            <td style="width: 30%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: left;">/s/ Jane Scaccetti</div>
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    <font style="font-weight: bold;"> </font></div>
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