    <SEC-DOCUMENT>0001214659-25-007518-index.html : 20250514
    <SEC-HEADER>0001214659-25-007518.hdr.sgml : 20250514
    <ACCEPTANCE-DATETIME>20250513204317
    ACCESSION NUMBER:		0001214659-25-007518
    CONFORMED SUBMISSION TYPE:	DFAN14A
    PUBLIC DOCUMENT COUNT:		38
    FILED AS OF DATE:		20250514
    DATE AS OF CHANGE:		20250513

    SUBJECT COMPANY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			PENN Entertainment, Inc.
    		CENTRAL INDEX KEY:			0000921738
    		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
    		ORGANIZATION NAME:           	05 Real Estate & Construction
    		EIN:				232234473
    		STATE OF INCORPORATION:			PA
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		DFAN14A
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	000-24206
    		FILM NUMBER:		25942242

    	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

    FILED BY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			HG Vora Capital Management, LLC
    		CENTRAL INDEX KEY:			0001525362
    		ORGANIZATION NAME:
    		EIN:				264369896
    		STATE OF INCORPORATION:			DE
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		DFAN14A

    	BUSINESS ADDRESS:
    		STREET 1:		330 MADISON AVENUE
    		STREET 2:		21ST FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10017
    		BUSINESS PHONE:		(212) 707-4300

    	MAIL ADDRESS:
    		STREET 1:		330 MADISON AVENUE
    		STREET 2:		21ST FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10017
    </SEC-HEADER>
    <DOCUMENT>
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    <SEQUENCE>1
    <FILENAME>p513257dfan14a.htm
    <TEXT>
    Document 1 - file: p513257dfan14a.htm

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    <SEQUENCE>2
    <FILENAME>rev4_001.jpg
    <DESCRIPTION>GRAPHIC
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    Document 2 - file: rev4_001.jpg

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    <DOCUMENT>
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    <SEQUENCE>3
    <FILENAME>rev4_002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 3 - file: rev4_002.jpg

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    <SEQUENCE>4
    <FILENAME>rev4_003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 4 - file: rev4_003.jpg

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    <SEQUENCE>5
    <FILENAME>rev4_004.jpg
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    <TEXT>
    Document 5 - file: rev4_004.jpg

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    <FILENAME>rev4_005.jpg
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    <TEXT>
    Document 6 - file: rev4_005.jpg

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    <FILENAME>rev4_006.jpg
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    Document 7 - file: rev4_006.jpg

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    <SEQUENCE>8
    <FILENAME>rev4_007.jpg
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    Document 8 - file: rev4_007.jpg

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    <FILENAME>rev4_008.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: rev4_008.jpg

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    <FILENAME>rev4_009.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 10 - file: rev4_009.jpg

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    <TEXT>
    Document 11 - file: rev4_010.jpg

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    <FILENAME>rev4_011.jpg
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    Document 12 - file: rev4_011.jpg

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    <FILENAME>rev4_012.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 13 - file: rev4_012.jpg

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    <FILENAME>rev4_013.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 14 - file: rev4_013.jpg

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    <DOCUMENT>
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    <SEQUENCE>15
    <FILENAME>rev4_014.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 15 - file: rev4_014.jpg

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    <SEQUENCE>16
    <FILENAME>rev4_015.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 16 - file: rev4_015.jpg

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    <SEQUENCE>17
    <FILENAME>rev4_016.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 17 - file: rev4_016.jpg

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    <SEQUENCE>18
    <FILENAME>rev4_017.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 18 - file: rev4_017.jpg

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    <SEQUENCE>19
    <FILENAME>rev4_018.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 19 - file: rev4_018.jpg

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    <DOCUMENT>
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    <SEQUENCE>20
    <FILENAME>rev4_019.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 20 - file: rev4_019.jpg

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    <DOCUMENT>
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    <SEQUENCE>21
    <FILENAME>rev4_020.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 21 - file: rev4_020.jpg

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    <SEQUENCE>22
    <FILENAME>rev4_021.jpg
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    <TEXT>
    Document 22 - file: rev4_021.jpg

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    <DOCUMENT>
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    <SEQUENCE>23
    <FILENAME>rev4_022.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 23 - file: rev4_022.jpg

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    <DOCUMENT>
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    <SEQUENCE>24
    <FILENAME>rev4_023.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 24 - file: rev4_023.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>25
    <FILENAME>rev4_024.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 25 - file: rev4_024.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>26
    <FILENAME>rev4_025.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 26 - file: rev4_025.jpg

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    <DOCUMENT>
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    <SEQUENCE>27
    <FILENAME>rev4_026.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 27 - file: rev4_026.jpg

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    <DOCUMENT>
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    <SEQUENCE>28
    <FILENAME>rev4_027.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 28 - file: rev4_027.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>29
    <FILENAME>rev4_028.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 29 - file: rev4_028.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>30
    <FILENAME>rev4_029.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 30 - file: rev4_029.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>31
    <FILENAME>rev4_030.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 31 - file: rev4_030.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>32
    <FILENAME>rev4_031.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 32 - file: rev4_031.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>33
    <FILENAME>rev4_032.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 33 - file: rev4_032.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>34
    <FILENAME>rev4_033.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 34 - file: rev4_033.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>35
    <FILENAME>rev4_034.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 35 - file: rev4_034.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>36
    <FILENAME>rev4_035.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 36 - file: rev4_035.jpg

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    <DOCUMENT>
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    <SEQUENCE>37
    <FILENAME>rev4_036.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 37 - file: rev4_036.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>38
    <FILENAME>rev4_037.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 38 - file: rev4_037.jpg

    </DOCUMENT>
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