<SEC-DOCUMENT>0001104659-25-044124.txt : 20250925
<SEC-HEADER>0001104659-25-044124.hdr.sgml : 20250925
<ACCEPTANCE-DATETIME>20250502161813
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-25-044124
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250502

FILER:

	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:		CORRESP

	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>
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    <TD STYLE="font-size: 7pt">&nbsp;</TD>
    <TD STYLE="font-size: 7pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font-size: 7pt; font-weight: bold"><IMG SRC="tm2513927d1_correspimg03.jpg" ALT="">&nbsp;</TD>
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    <TD STYLE="font-size: 7pt">&nbsp;</TD></TR>
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    <TD STYLE="font-size: 7pt">&nbsp;</TD>
    <TD STYLE="font-size: 7pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font-size: 7pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 7pt">&nbsp;</TD>
    <TD STYLE="font-size: 7pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: top">
    <TD ROWSPAN="5" STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MARTIN LIPTON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">HERBERT M. WACHTELL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">EDWARD D. HERLIHY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DANIEL A. NEFF</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">STEVEN A. ROSENBLUM</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">SCOTT K. CHARLES</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JODI J. SCHWARTZ</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ADAM O. EMMERICH</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RALPH M. LEVENE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ROBIN PANOVKA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DAVID A. KATZ</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ILENE KNABLE GOTTS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ANDREW J. NUSSBAUM</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RACHELLE SILVERBERG</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">STEVEN A. COHEN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DEBORAH L. PAUL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DAVID C. KARP</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RICHARD K. KIM</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JOSHUA R. CAMMAKER</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MARK GORDON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JEANNEMARIE O&rsquo;BRIEN</P></TD>
    <TD ROWSPAN="5" STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">STEPHEN R. DiPRIMA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">NICHOLAS G. DEMMO</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">IGOR KIRMAN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JONATHAN M. MOSES</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">T. EIKO STANGE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">WILLIAM SAVITT</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">GREGORY E. OSTLING</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DAVID B. ANDERS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ADAM J. SHAPIRO</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">NELSON O. FITTS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JOSHUA M. HOLMES</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DAMIAN G. DIDDEN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">IAN BOCZKO</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MATTHEW M. GUEST</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DAVID E. KAHAN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">DAVID K. LAM</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">BENJAMIN M. ROTH</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JOSHUA A. FELTMAN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ELAINE P. GOLIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">EMIL A. KLEINHAUS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">KARESSA L. CAIN</P></TD>
    <TD COLSPAN="2" STYLE="font-size: 7pt">
    <P STYLE="font: bold 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 7pt">51</FONT> WEST
    <FONT STYLE="font-size: 7pt">52</FONT>ND STREET</P>
    <P STYLE="font: bold 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">NEW YORK, N.Y. <FONT STYLE="font-size: 7pt">10019-6150</FONT></P>
    <P STYLE="font: bold 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">TELEPHONE: (212) 403-1000</P>
    <P STYLE="font: bold 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">FACSIMILE: (212)
403-2000</P>
    <P STYLE="font: bold 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>
    <P STYLE="font: bold 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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    <TD ROWSPAN="5" STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RONALD C. CHEN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">BRADLEY R. WILSON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">GRAHAM W. MELI</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">GREGORY E. PESSIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">CARRIE M. REILLY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MARK F. VEBLEN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">SARAH K. EDDY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">VICTOR GOLDFELD</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RANDALL W. JACKSON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">BRANDON C. PRICE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">KEVIN S. SCHWARTZ</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MICHAEL S. BENN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ALISON Z. PREISS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">TIJANA J. DVORNIC</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JENNA E. LEVINE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RYAN A. McLEOD</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ANITHA REDDY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JOHN L. ROBINSON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">STEVEN WINTER</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">EMILY D. JOHNSON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">JACOB A. KLING</P></TD>
    <TD ROWSPAN="5" STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RAAJ S. NARAYAN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">VIKTOR SAPEZHNIKOV</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MICHAEL J. SCHOBEL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ELINA TETELBAUM</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ERICA E. AHO</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">LAUREN M. KOFKE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ZACHARY S. PODOLSKY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">RACHEL B. REISBERG</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MARK A. STAGLIANO</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">CYNTHIA FERNANDEZ LUMERMANN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">CHRISTINA C. MA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">NOAH B. YAVITZ</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">BENJAMIN S. ARFA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">NATHANIEL D. CULLERTON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ERIC M. FEINSTEIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">ADAM L. GOODMAN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">STEVEN R. GREEN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">MENG LU</P></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">GEORGE A. KATZ (1965<FONT STYLE="font-family: Times New Roman, Times, Serif">&ndash;</FONT>1989)</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">JAMES H. FOGELSON (1967<FONT STYLE="font-family: Times New Roman, Times, Serif">&ndash;</FONT>1991)</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">LEONARD M. ROSEN (1965<FONT STYLE="font-family: Times New Roman, Times, Serif">&ndash;</FONT>2014)</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">OF COUNSEL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: top">
    <TD STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">DAVID M. ADLERSTEIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ANDREW R. BROWNSTEIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">WAYNE M. CARLIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">BEN M. GERMANA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">SELWYN B. GOLDBERG</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">PETER C. HEIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">JB KELLY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">JOSEPH D. LARSON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">RICHARD G. MASON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">PHILIP MINDLIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">THEODORE N. MIRVIS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">DAVID S. NEILL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">TREVOR S. NORWITZ</P></TD>
    <TD STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ERIC S. ROBINSON</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ERIC M. ROSOF</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">JOHN F. SAVARESE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">MICHAEL J. SEGAL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">WON S. SHIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">DAVID M. SILK</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ELLIOTT V. STEIN</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">LEO E. STRINE, JR.*</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">PAUL VIZCARRONDO, JR.</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">JEFFREY M. WINTNER</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">AMY R. WOLF</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">MARC WOLINSKY</P></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center">* ADMITTED IN DELAWARE</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center"></P>

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<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center">COUNSEL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.75pt; text-align: center">&nbsp;</P></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: top">
    <TD STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">SUMITA AHUJA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">HEATHER D. CASTEEL</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">FRANCO CASTELLI</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ANDREW J.H. CHEUNG</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">PAMELA EHRENKRANZ</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ALINE R. FLODR</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">KATHRYN GETTLES-ATWA</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">LEDINA GOCAJ</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ADAM M. GOGOLAK</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ANGELA K. HERRING</P></TD>
    <TD STYLE="font-size: 7pt">
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">MICHAEL W. HOLT</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">DONGHWA KIM</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">MARK A. KOENIG</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">J. AUSTIN LYONS</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ALEXANDER S. MACKLER</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">ALICIA C. McCARTHY</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">JUSTIN R. ORR</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">NEIL M. SNYDER</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4pt">JEFFREY A. WATIKER</P></TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">May 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>VIA EDGAR</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Mergers &amp; Acquisitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, NE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C.&nbsp; 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR>
    <TD STYLE="width: 10%; font-size: 10pt">Attention:</TD>
    <TD STYLE="vertical-align: top; width: 90%; font-size: 10pt">Blake Grady</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR>
    <TD STYLE="vertical-align: top; width: 6%; font-size: 10pt"><B>Re:&nbsp;</B></TD>
    <TD STYLE="width: 94%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PENN Entertainment, Inc.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>DEF 14A filed April 28, 2025</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>File No. 000-24206 </B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Mr. Grady:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On behalf of our client, PENN Entertainment, Inc.
(&ldquo;<U>PENN</U>&rdquo; or the &ldquo;<U>Company</U>&rdquo;), we are providing PENN&rsquo;s responses to the comments of the Staff
(the &ldquo;<U>Staff</U>&rdquo;) of the Division of Corporation Finance, Office of Mergers &amp; Acquisitions, of the U.S. Securities
and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;), set forth in its letter, dated May 1, 2025, with respect to the above-referenced
Definitive Proxy Statement on Schedule 14A (the &ldquo;<U>PENN Proxy Statement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2513927d1_correspimg02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For your convenience, the text of the Staff&rsquo;s
comments is set forth below in bold, followed in each case by PENN&rsquo;s response.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt"><B>1.</B></TD>
    <TD STYLE="width: 95%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>We note that your proxy statement was filed under EDGAR tag
    &ldquo;DEF 14A,&rdquo; as opposed to EDGAR tag &ldquo;PREC14A,&rdquo; the latter of which is used for contested solicitations.
    Please provide a detailed legal analysis supporting your determination that your solicitation does not constitute a contested
    solicitation.</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Response</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Summary</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We respectfully submit to the Staff that PENN&rsquo;s solicitation
of proxies in connection with its 2025 annual meeting of shareholders (the &ldquo;<U>2025 Annual Meeting</U>&rdquo;) does not constitute
a contested solicitation because, as described in greater detail below, (i) PENN&rsquo;s Board of Directors (the &ldquo;<U>Board</U>&rdquo;),
pursuant to its clear authority under Pennsylvania corporate law and PENN&rsquo;s organizational documents, has determined that there
will only be two director seats available for election at the 2025 Annual Meeting, (ii) both PENN and HG Vora (as defined below), as set
forth in their respective recent public filings, intend to solicit proxies in favor of the same two candidates&mdash;Johnny Hartnett and
Carlos Ruisanchez&mdash;for election to those two available seats and (iii) HG Vora has publicly stated that it does not make any recommendation
with respect to any other proposal included in the PENN Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Factual Background</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Board is a classified board which, prior to April 25, 2025, had
nine directors consisting of three directors in each of Class I, Class II and Class III serving three year terms. The three directors
in Class II&mdash;Ronald J. Naples, Barbara Shattuck Kohn and Saul Reibstein&mdash;had terms of office expiring at the 2025 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 25, 2025, Mr. Naples resigned from the Board effective immediately.
In connection with Mr. Naples&rsquo; resignation, acting pursuant to its authority under Section 4.03(a) of the Fifth Amended and Restated
Bylaws of PENN (the &ldquo;<U>PENN Bylaws</U>&rdquo;) and Section 1723(a) of the Pennsylvania Business Corporation Law, the Board decreased
the size of the Board from nine to eight members and decreased the number of Class II directors from three to two. Also on April 25, 2025,
Ms. Kohn and Mr. Reibstein notified the Board of their respective decisions not to stand for reelection to the Board at the 2025 Annual
Meeting, resulting in two (and only two) Class II Board seats becoming available for other candidates to be nominated and elected thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2513927d1_correspimg02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On the morning of April 28, 2025, PENN filed the PENN Proxy Statement
setting forth, among other things, the Board&rsquo;s unanimous nomination and recommendation that PENN shareholders vote in favor of Messrs.
Hartnett and Ruisanchez for the two director seats available for election at the 2025 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Later on April 28, 2025, HG Vora Capital Management, LLC (&ldquo;<U>HG
Vora Capital</U>&rdquo;), HG Vora Special Opportunities Master Fund, Ltd. (&ldquo;<U>Master Fund</U>&rdquo;), Downriver Series LP &ndash;
Segregated Portfolio C (&ldquo;<U>Downriver</U>&rdquo;) and Parag Vora (collectively with HG Vora Capital, Master Fund and Downriver,
 &ldquo;<U>HG Vora</U>&rdquo;) filed a preliminary proxy statement (the &ldquo;<U>HG Vora Proxy Statement</U>&rdquo;). The HG Vora Proxy
Statement stated that &ldquo;If there are two Class II director seats up for election, then the enclosed GOLD universal proxy card will
only be voted in accordance with your instructions with respect to Messrs. Hartnett and Ruisanchez and will not be voted with respect
to William Clifford. If there are three Class II director seats up for election, the enclosed GOLD universal proxy card will be voted
in accordance with your instruction with respect to Messrs. Hartnett, Ruisanchez and Clifford.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
The HG Vora Proxy Statement also provided that HG Vora makes no recommendation with respect to any other proposal included in the PENN
Proxy Statement.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Under Pennsylvania Law, the Size of PENN&rsquo;s Board Is Set Solely
by PENN&rsquo;s Board</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PENN is a Pennsylvania corporation. The Pennsylvania Business
Corporation Law provides that &ldquo;The number of directors shall be fixed by, or in the manner provided in, the bylaws. If not so
fixed, the number of directors shall be the same as that stated in the articles or three if no number is so stated.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT>
The Second Amended and Restated Articles of Incorporation of PENN (the &ldquo;<U>PENN Articles</U>&rdquo;) provide that &ldquo;the
number of Directors of the Corporation shall be fixed from time to time by or pursuant to the Bylaws of the Corporation&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>4</SUP></FONT>
and the PENN Bylaws provide that &ldquo;the number of directors of the Corporation constituting the whole board and the number of
directors constituting each class of directors as provided by Section 4.03(d) [Classified Board of Directors] shall be fixed (and
may be changed from time to time) <I>solely by resolution of the board of directors</I>&rdquo; (emphasis added).<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>5</SUP></FONT>
Pursuant to the Board&rsquo;s actions on April 25, 2025, the Board is comprised of eight members and there are two Class II director
seats up for election at the 2025 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
See page 21 of the HG Vora Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT>
See page 24 of the HG Vora Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT>
15 PA Cons Stat &sect; 1723(a) (2024).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>4</SUP></FONT>
Article Ninth, Section 6(a) of the PENN Articles. The PENN Articles were filed as Exhibit 99.1 to the Current Report on Form 8-K filed
by PENN on June 21, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>5</SUP></FONT>
Section 4.03(a) of the PENN Bylaws. The Penn Bylaws were filed as Exhibit 3.1 to the Current Report on Form 8-K filed by PENN on November
12, 2024.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2513927d1_correspimg02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>PENN Is Not Required to File a Preliminary Proxy Statement Unless
There Is a &ldquo;Solicitation in Opposition&rdquo;</I></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rule 14a-6(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>6</SUP></FONT>
of the Securities and Exchange Act of 1934 (the &ldquo;<U>Exchange Act</U>&rdquo;) provides that a registrant shall not file a preliminary
proxy statement with the SEC if the solicitation relates to an annual meeting and only to, among other things, the election of directors,
the election, approval or ratification of accountant(s), a security holder proposal included pursuant to Rule 14a-8 of the Exchange Act,
the approval or ratification of a plan as defined in paragraph (a)(6)(ii) of Item 402 of Regulation S-K of the Exchange Act and/or a shareholder
advisory vote on executive compensation.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>7</SUP></FONT>
The PENN Proxy Statement satisfied such requirements.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>8</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rule 14a-6(a) further provides that this exclusion from filing a preliminary
proxy statement &ldquo;does not apply if the registrant comments upon or refers to a solicitation in opposition in connection with the
meeting in its proxy material.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>9</SUP></FONT> Note
3 to Rule 14a-6(a) clarifies that for these purposes a &ldquo;solicitation in opposition&rdquo; includes: &ldquo;(a) Any solicitation
opposing a proposal supported by the registrant; (b) any solicitation supporting a proposal that the registrant does not expressly support,
other than a security holder proposal included in the registrant&rsquo;s proxy material pursuant to &sect; 240.14a-8; and (c) any solicitation
subject to &sect; 240.14a-19.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>10</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The HG Vora Proxy Statement provides no recommendation with respect
to any proposal other than the election of the Class II directors; accordingly, clauses (a) and (b) of Note 3 to Rule 14a(6)(a) are not
applicable to the PENN Proxy Statement. With respect to clause (c) (relating to solicitations subject to Rule 14a-19 of the Exchange Act<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>11</SUP></FONT>),
we note that both PENN and HG Vora are soliciting proxies in support of the same two individuals for the only two Class II director seats
up for election at the 2025 Annual Meeting&mdash;Johnny Hartnett and Carlos Ruisanchez, and neither PENN nor HG Vora is soliciting proxies
in opposition to any other candidate or proposal set forth in either the PENN Proxy Statement or the HG Vora Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The HG Vora Proxy Statement purports to additionally solicit votes
in favor of Mr. Clifford, but only if there are three Class II director seats up for election: HG Vora states clearly that the gold proxy
card will <U>not</U> be voted with respect to the Mr. Clifford if (as the Board has determined is the case) there are only two Class II
director seats up for election. Therefore, PENN has determined that Rule 14a-19 no longer applies to its solicitation, and there is no
 &ldquo;solicitation in opposition&rdquo; to PENN&rsquo;s proposal to elect Messrs. Hartnett and Ruisanchez or any other proposal set forth
in the PENN Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>6</SUP></FONT>
17 CFR &sect; 240.14a-6(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>7</SUP></FONT>
17 CFR &sect; 240.14a-6(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>8</SUP></FONT>
The PENN Proxy Statement has five proposals: (i) the election of the two Class II directors; (ii) the ratification of appointment of PENN&rsquo;s
independent registered public accounting firm, (iii) an advisory vote to approve the compensation of Named Executive Officers, (iv) approval
of the second amendment to PENN&rsquo;s 2022 Long-Term Incentive Compensation Plan and (v) approval, on an advisory basis, of a shareholder
proposal regarding the commissioning of a report on the effects of a company-wide non-smoking policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>9</SUP></FONT>
17 CFR &sect; 240.14a-6(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>10</SUP></FONT>
<I>Id.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>11</SUP></FONT>
17 CFR &sect; 240.14a-19.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2513927d1_correspimg02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Applicable Staff Guidance</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We note that the Staff has provided guidance on analogous circumstances
involving a potential dispute under state law between a registrant and a dissident shareholder with respect to director nominations. Question
139.05 of the Compliance and Disclosure Interpretations for the Proxy Rules and Schedule 14A/14C (the &ldquo;<U>C&amp;DI</U>&rdquo;) provides
guidance in a circumstance where (i) a registrant determines that a dissident shareholder&rsquo;s director nominations do not comply with
its advance notice bylaw requirements, (ii) the registrant accordingly excludes the dissident shareholder&rsquo;s nominees from its proxy
card and (iii) the dissident shareholder then initiates litigation challenging the registrant&rsquo;s determination regarding the validity
of the director nominations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The C&amp;DI confirms that, in such circumstances, a registrant may
proceed with its solicitation utilizing a non-universal proxy card provided that the registrant discloses in its proxy statement its determination
that the dissident shareholder&rsquo;s director nominations are invalid, a brief description of the basis for that determination, the
fact that the dissident shareholder initiated litigation challenging the determination, and the potential implications (including any
risks to the registrant or its shareholders) if the dissident shareholder&rsquo;s nominations are ultimately deemed to be valid. The C&amp;DI
also states that, in the event the dissident shareholder ultimately prevails in such litigation, registrants should discard previously
issued proxy cards that excluded the dissident candidate and ensure shareholders have sufficient time to receive and cast their votes
on revised universal proxy cards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The circumstances here are analogous to those described in the C&amp;DI
since, in both cases, the registrant has determined under applicable state law that a dissident&rsquo;s nominee cannot be elected to the
Board regardless of whether any shareholders purport to vote in favor of such individual. Although no litigation has to PENN&rsquo;s knowledge
been initiated as of the submission time of this letter, a letter dated April 28, 2025 from HG Vora&rsquo;s outside counsel to PENN&rsquo;s
outside counsel alleges, among other things, that the Board violated its fiduciary duties under Pennsylvania law by reducing the size
of the Board and the number of Class II directors and that PENN violated the federal securities laws and universal proxy rules by omitting
the name of a validly nominated candidate, Mr. Clifford.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">While PENN believes that these assertions are baseless, the Company
will of course comply with the C&amp;DI in all respects in the event litigation is initiated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt"><B>2.</B></TD>
    <TD STYLE="width: 95%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Please revise to disclose who recommended Mr. Hartnett and
Mr. Ruisanchez to the Board. See Item 407(c)(2)(vii) of Regulation S-K.</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Response</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Concurrently with the submission of this letter, PENN has filed Definitive
Additional Materials on Schedule 14A disclosing that HG Vora recommended Messrs. Hartnett and Ruisanchez to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2513927d1_correspimg02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 6</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If you have any questions, please do not hesitate
to contact me at (212) 403-1057 or ZSPodolsky@wlrk.com or my partner Daniel A. Neff at (212) 403-1218 or DANeff@wlrk.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt">Sincerely yours,</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Zachary S. Podolsky</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Zachary S. Podolsky</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cc:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Chris Rogers, Executive Vice President, Chief Strategy and
Legal Officer and Secretary, PENN Entertainment, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Daniel A. Neff, Wachtell, Lipton, Rosen &amp; Katz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
