<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>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>p513257dfan14a.htm
<TEXT>
Document 1 - file: p513257dfan14a.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>2 <FILENAME>rev4_001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 2 - file: rev4_001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>3 <FILENAME>rev4_002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 3 - file: rev4_002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>rev4_003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 4 - file: rev4_003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>rev4_004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 5 - file: rev4_004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>rev4_005.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: rev4_005.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>rev4_006.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: rev4_006.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>rev4_007.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: rev4_007.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>rev4_008.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: rev4_008.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>rev4_009.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: rev4_009.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>rev4_010.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: rev4_010.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>rev4_011.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: rev4_011.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>rev4_012.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: rev4_012.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>rev4_013.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: rev4_013.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>rev4_014.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: rev4_014.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>rev4_015.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: rev4_015.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>rev4_016.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: rev4_016.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>rev4_017.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: rev4_017.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>rev4_018.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: rev4_018.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>rev4_019.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: rev4_019.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>rev4_020.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: rev4_020.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>rev4_021.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: rev4_021.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>rev4_022.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: rev4_022.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <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
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>26 <FILENAME>rev4_025.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 26 - file: rev4_025.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>27 <FILENAME>rev4_026.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 27 - file: rev4_026.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <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
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>33 <FILENAME>rev4_032.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 33 - file: rev4_032.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>34 <FILENAME>rev4_033.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 34 - file: rev4_033.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>35 <FILENAME>rev4_034.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 35 - file: rev4_034.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>36 <FILENAME>rev4_035.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 36 - file: rev4_035.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>37 <FILENAME>rev4_036.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 37 - file: rev4_036.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>38 <FILENAME>rev4_037.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 38 - file: rev4_037.jpg
</DOCUMENT> </SEC-DOCUMENT>