Penn Entertainment Inc., the casino and racetrack operator, will nominate two board choices proposed by dissident investor HG Vora Capital Management, which has criticized the company’s foray into online betting.
Penn said Friday it will nominate Johnny Hartnett and Carlos Ruisanchez for election to its board following talks with HG Vora.
“The board continues to believe there is significant opportunity for value creation at Penn, particularly within our interactive segment,” the company said in a statement. “Johnny and Carlos bring critical expertise and experience in the gaming industry, across both digital and retail, that are aligned with the board’s priorities and are tailored to the opportunities in front of us.”
