Penn made it clear HG Vora will not win over the company’s shareholders without a fight.
Penn issued a letter to shareholders Thursday morning in an attempt to explain the dispute between it and the activist shareholder. It comes a day after HG Vora submitted their proxy statement, which tore into Penn for focusing more on its costly sports betting and online casino segment than its profitable regional casino business.
In the letter, Penn called HG Vora’s push a “blunderbuss campaign and reckless approach” and doubled down on the future profitability of its interactive segment…
Penn will hold its 2025 annual meeting on June 17.
