A Top Penn Entertainment Shareholder Seeks Board Seats

A prime shareholder in Penn Leisure is searching for seats on the on line casino operator’s board. 

The hedge fund HG Vora Capital Administration, which has an 18.5% financial curiosity together with swaps, is in talks with Penn about putting administrators on the corporate’s board, based on a securities submitting made on Thursday, which didn’t say what number of. (Its newest 13F submitting revealed an 11% stake in Penn.) Ought to the talks not lead anyplace, the fund may pursue a proxy struggle, based on folks conversant in the matter. The Wall Avenue Journal earlier reported on HG Vora’s place.