PENN / PENN Entertainment, Inc. - تصريحات هيئة الأوراق المالية والبورصات، التقرير السنوي، بيان الوكيل

شركة بن إنترتينمنت
US ˙ NasdaqGS ˙ US7075691094

الإحصائيات الأساسية
LEI 5493003CULXUBWXRBY33
CIK 921738
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to PENN Entertainment, Inc.
SEC Filings (Chronological Order)
توفر هذه الصفحة قائمة كاملة ومرتبة ترتيبًا زمنيًا لتصريحات هيئة الأوراق المالية والبورصات، باستثناء تصريحات الملكية التي نقدمها في مكان آخر.
August 7, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 7, 2025 PENN Entertainment,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 7, 2025 PENN Entertainment, Inc.

August 7, 2025 EX-FILING FEES

CALCULATION OF FILING FEE TABLE FORM S-8 (Form Type) PENN ENTERTAINMENT, INC. (Exact Name of Registrant as Specified in its Charter) Table I: Newly Registered Securities

Exhibit 107 CALCULATION OF FILING FEE TABLE FORM S-8 (Form Type) PENN ENTERTAINMENT, INC.

August 7, 2025 S-8

As filed with the Securities and Exchange Commission on August 7, 2025 Registration No. 333-

As filed with the Securities and Exchange Commission on August 7, 2025 Registration No.

August 7, 2025 EX-10.2

, 2025, between PENN Entertainment, Inc. and

Execution Copy Exhibit 10.2 EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this “Agreement”) is entered into on this 5th day of August 2025 (the “Effective Date”), by PENN Entertainment, Inc., a Pennsylvania corporation (the “Company”), and the senior executive who has executed this Agreement below (“Executive”). WHEREAS, each of the parties wishes to enter into this Agreement, the terms of which a

August 7, 2025 EX-99.1

PENN Entertainment, Inc. Reports Second Quarter Results

Exhibit 99.1 PENN Entertainment, Inc. Reports Second Quarter Results WYOMISSING, PA (August 7, 2025) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2025. Jay Snowden, Chief Executive Officer and President, said: “PENN’s diverse portfolio of retail properties delivered another solid quarter. Our Intera

August 7, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-

June 23, 2025 EX-99.1

PENN Entertainment Welcomes Johnny Hartnett and Carlos Ruisanchez as Duly Elected Directors

Exhibit 99.1 PENN Entertainment Welcomes Johnny Hartnett and Carlos Ruisanchez as Duly Elected Directors WYOMISSING, Pa. – June 17, 2025 – PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today reported preliminary voting results with respect to the election of directors from its 2025 Annual Meeting of Shareholders held on June 17, 2025. PENN shareholders elected the Company’s two

June 23, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 17, 2025 PENN Entertainment, Inc.

June 13, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 13, 2025 PENN Entertainment, I

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 13, 2025 PENN Entertainment, Inc.

June 9, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

June 9, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

June 9, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

June 6, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 30, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 29, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

May 29, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 27, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

May 23, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Ru

May 21, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 21, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Ru

May 19, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

May 19, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 15, 2025 EX-99.2

1 PENN Entertainment: The Facts PENN’s Differentiated Omni - Channel Strategy Will Deliver Sustainable Shareholder Value ▪ The gaming landscape is undergoing a fundamental transformation to digital – in today’s environment, digital connectivity to cu

Exhibit 99.2 1 PENN Entertainment: The Facts PENN’s Differentiated Omni - Channel Strategy Will Deliver Sustainable Shareholder Value ▪ The gaming landscape is undergoing a fundamental transformation to digital – in today’s environment, digital connectivity to customers is a critical factor in driving top - of - funnel growth, with younger customers increasingly looking for online experiences ▪ PE

May 15, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 15, 2025 PENN Entertainment, Inc.

May 15, 2025 EX-99.1

PENN Entertainment Sends Letter to Shareholders Reiterates Commitment to Creating Value for All Shareholders

Exhibit 99.1 PENN Entertainment Sends Letter to Shareholders Reiterates Commitment to Creating Value for All Shareholders WYOMISSING, Pa. – May 15, 2025 – PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today issued the following letter to shareholders. The full text of the letter follows: Dear Fellow Shareholder, We are writing to provide an important update on the Company’s per

May 15, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

May 14, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 14, 2025 PX14A6G

UNITE HERE is not seeking to act as a proxy for any shareholder. We will not accept proxy cards, and any proxy cards received will be returned.

275 Seventh Avenue, 16th Floor, New York, NY 10001 WWW.UNITEHERE.ORG May 14, 2025 At PENN Entertainment’s Annual Meeting on June 17, 2025, please vote FOR three board directors nominated by HG Vora on its gold universal proxy card. Dear PENN Entertainment Shareholder: We urge you to vote FOR three director candidates Johnny Hartnett, Carlos Ruisanchez, and William J. Clifford, nominated by HG Vora

May 13, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 12, 2025 EX-10.4

Third Amendment to 2023 Master Lease, December 19, 2023, by and among PENN Tenant, LLC and Gaming and Leisure Properties, Inc.

Exhibit 10.4 THIRD AMENDMENT TO MASTER LEASE THIS THIRD AMENDMENT TO MASTER LEASE (this “Third Amendment”) is made as of December 19, 2023 (the “Third Amendment Effective Date”) by and between GLP Capital, L.P., a Pennsylvania limited partnership (together with its permitted successors and assigns, “GLP”), PA Meadows LLC, a Delaware limited liability company (together with its permitted successors

May 12, 2025 EX-10.1

, 2025, between PENN Entertainment, Inc. and Christopher Roger

Execution Copy Exhibit 10.1 EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this “Agreement”) is entered into on this 6th day of May 2025 and shall be effective as of June 30, 2025 (the “Effective Date”), by PENN Entertainment, Inc., a Pennsylvania corporation (the “Company”), and the senior executive who has executed this Agreement below (“Executive”). WHEREAS, each of the parties wishes to enter i

May 12, 2025 DEFC14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) x Definitive Proxy State

May 12, 2025 EX-10.3

Second Amendment to 2023 Master Lease, September 14, 2023, by and among PENN Tenant, LLC and Gaming and Leisure Properties, Inc.

Exhibit 10.3 SECOND AMENDMENT TO MASTER LEASE THIS SECOND AMENDMENT TO MASTER LEASE (this “First Amendment) is made as of September 14, 2023 (the “Effective Date”) by and between GLP Capital, L.P., a Pennsylvania limited partnership (together with its permitted successors and assigns, “GLP”), PA Meadows LLC, a Delaware limited liability company (together with its permitted successors and assigns,

May 12, 2025 EX-10.5

, by and among PENN Tenant, LLC and Gaming and Leisure Properties, Inc.

Exhibit 10.5 FOURTH AMENDMENT TO MASTER LEASE THIS FOURTH AMENDMENT TO MASTER LEASE (this “Fourth Amendment”) is made as of July 23, 2024 (the “Fourth Amendment Effective Date”) by and between GLP Capital, L.P., a Pennsylvania limited partnership (together with its permitted successors and assigns, “GLP”), PA Meadows LLC, a Delaware limited liability company (together with its permitted successors

May 12, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0

May 12, 2025 EX-10.2

First Amendment to 2023 Master Lease, dated June 2023, by and among PENN Tenant, LLC and Gaming and Leisure Properties, Inc.

Exhibit 10.2 FIRST AMENDMENT TO MASTER LEASE THIS FIRST AMENDMENT TO MASTER LEASE (this “First Amendment) is made as of June, 2023 (the “Effective Date”) by and between GLP Capital, L.P., a Pennsylvania limited partnership (together with its permitted successors and assigns, “GLP”), PA Meadows LLC, a Delaware limited liability company (together with its permitted successors and assigns, “PA Meadow

May 9, 2025 PRRN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: x Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) o Definitive Proxy State

May 8, 2025 EX-99.1

PENN Entertainment, Inc. Reports First Quarter Results

Exhibit 99.1 PENN Entertainment, Inc. Reports First Quarter Results WYOMISSING, PA (May 8, 2025) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the quarter ended March 31, 2025. Jay Snowden, Chief Executive Officer and President, said: “PENN’s properties demonstrated strong resilience in the quarter following severe weather challenges earli

May 8, 2025 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 8, 2025 PENN Entertainment, Inc.

May 7, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant  ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

May 7, 2025 PRRN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: x Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) o Definitive Proxy State

May 7, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Ru

May 7, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

May 2, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

April 29, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Under Rule 14a-12 PENN ENTERTAINMENT, INC.

April 28, 2025 EX-99.1

PENN Entertainment Announces Board Refreshment

Exhibit 99.1 PENN Entertainment Announces Board Refreshment WYOMISSING, Pa. – April 25, 2025 – PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today announced that it intends to nominate Johnny Hartnett and Carlos Ruisanchez for election to its Board of Directors following discussions with HG Vora Capital Management, LLC (“HG Vora”). Ron Naples has informed the Board that he will

April 28, 2025 EX-99.3

-2-

Exhibit 99.3 The summary below provides additional information to shareholders of PENN Entertainment, Inc. (the “Company”) regarding significant communication and interactions between the Company and HG Vora Capital Management, LLC (“HG Vora”). This summary does not purport to catalogue every conversation of, or among, members of the Company’s Board of Directors (the “Board”), the Company’s manage

April 28, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Ru

April 28, 2025 PREC14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant o Filed by a Party other than the Registrant x Check the appropriate box: x Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) o Definitive Proxy State

April 28, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 25, 2025 PENN Entertainment,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 25, 2025 PENN Entertainment, Inc.

April 28, 2025 EX-99.2

Dear Fellow Shareholder,

Exhibit 99.2 Dear Fellow Shareholder, On behalf of the Board of Directors, we thank you for your continued investment in PENN Entertainment. As stewards of the Company’s long-term success, we are committed to providing rigorous oversight and disciplined leadership. Operating in a highly regulated and increasingly complex industry, we recognize that sustainable growth demands not only strategic exe

April 28, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Ru

February 27, 2025 EX-21.1

Subsidiaries of the Registrant.

EXHIBIT 21.1 Subsidiaries of PENN Entertainment, Inc. (a Pennsylvania corporation) Name of Subsidiary State or Other Jurisdiction of Incorporation 1317769 B.C. Ltd. British Columbia, Canada 1317774 B.C. Ltd. British Columbia, Canada Abradoodle, LLC Delaware Absolute Games, LLC Delaware ACE Gaming, LLC New Jersey Alton Casino, LLC (d/b/a Argosy Casino Alton) Illinois Ameristar Casino Black Hawk, LL

February 27, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-24206

February 27, 2025 EX-99.1

Exhibit 99.1, “Description of Government Regulations”

Exhibit 99.1 Description of Governmental Regulations General The ownership, operation, and management of our casino, retail sports wagering, online sports wagering, online casino, and/or racing operations (collectively, “Gaming Operations”) are subject to significant regulation under the laws and regulations of each of the jurisdictions in which we operate. Such gaming laws are generally based upo

February 27, 2025 EX-99.1

PENN Entertainment, Inc. Reports Fourth Quarter Results Company to Repurchase at Least $350 Million of Shares in 2025

Exhibit 99.1 PENN Entertainment, Inc. Reports Fourth Quarter Results Company to Repurchase at Least $350 Million of Shares in 2025 WYOMISSING, PA (February 27, 2025) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the quarter and year ended December 31, 2024. Jay Snowden, Chief Executive Officer and President, said: “PENN’s fourth quarter pr

February 27, 2025 EX-19.1

PENN Entertainment, Inc. Insider Trading Policy.

Exhibit 19.1 PENN ENTERTAINMENT, INC. INSIDER TRADING POLICY I.Purpose This Insider Trading Policy (the “Policy”) provides guidelines with respect to transactions in the securities of PENN Entertainment, Inc. (the “Company”) and the handling of confidential and material nonpublic information about the Company and the companies with which the Company does business. The Company’s Board of Directors

February 27, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 27, 2025 PENN Entertainmen

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 27, 2025 PENN Entertainment, Inc.

January 30, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement ¨ Definitive Additional Materials x Soliciting Material Pursuant to §240.

January 29, 2025 DFAN14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ¨ Filed by a Party other than the Registrant x Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Ru

December 4, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): December 4, 2024 PENN Entertainment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): December 4, 2024 PENN Entertainment, Inc.

December 4, 2024 EX-10.1

Second Amendment, dated as of December 4, 2024, by and among PENN Entertainment, Inc., the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent.

Exhibit 10.1 Execution Version SECOND AMENDMENT This SECOND AMENDMENT, dated as of December 4, 2024 (this “Agreement”), by and among PENN Entertainment, Inc. (f/k/a Penn National Gaming, Inc.), a Pennsylvania corporation (“Borrower”), the Guarantors, the Lenders party hereto, Bank of America, N.A., as administrative agent (in such capacity, “Administrative Agent”) for the Lenders under the Credit

November 12, 2024 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 11, 2024 PENN Entertainment, Inc.

November 12, 2024 EX-3.1

Fifth Amended and Restated Bylaws of the Company.

Exhibit 3.1 FIFTH AMENDED AND RESTATED BYLAWS OF PENN ENTERTAINMENT, INC. (a Pennsylvania corporation) Effective as of November 11, 2024 ARTICLE I Offices Section 1.01         Registered Office. The registered office of PENN Entertainment, Inc. (the “Corporation”) in the Commonwealth of Pennsylvania shall be 825 Berkshire Boulevard, Suite 200, Wyomissing, Pennsylvania 19610, until otherwise establ

November 7, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 7, 2024 PENN Entertainment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 7, 2024 PENN Entertainment, Inc.

November 7, 2024 EX-99.1

PENN Entertainment Reports Third Quarter Results

Exhibit 99.1 PENN Entertainment Reports Third Quarter Results WYOMISSING, PA (November 7, 2024) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: “PENN’s third quarter results were consistent with the preliminary estimates we disclosed

November 7, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

October 18, 2024 S-3ASR

As filed with the U.S. Securities and Exchange Commission on October 18, 2024

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on October 18, 2024 Registration No. 333-       SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-3 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 PENN ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) Pennsylvania (State or other jurisdiction of incorporation or organizatio

October 18, 2024 EX-FILING FEES

Filing Fee Table.

Calculation of Filing Fee Tables S-3 PENN Entertainment, Inc. Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective

October 7, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 7, 2024 PENN Entertainment, Inc.

October 7, 2024 EX-99.1

PENN Entertainment, Inc. Investor Update as of October 7, 2024

Exhibit 99.1 PENN Entertainment, Inc. Investor Update as of October 7, 2024 PENN Entertainment, Inc. (Nasdaq: PENN) (the “Company”) today announced select preliminary financial results for the third quarter ended September 30, 2024. The Company is providing an estimated range for Retail Operations Adjusted EBITDAR* and is updating its Interactive Adjusted EBITDA* estimated range, each for the thir

October 7, 2024 EX-99.2

INVESTOR EVENT 4 G2E Conference October 7, 2024 FORWARD-LOOKING STATEMENTS 4 This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the

Exhibit 99.2 INVESTOR EVENT 4 G2E Conference October 7, 2024 FORWARD-LOOKING STATEMENTS 4 This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “

September 3, 2024 SC 13D/A

PENN / PENN Entertainment, Inc. / HG Vora Capital Management, LLC - AMENDMENT NO. 2 Activist Investment

SC 13D/A 1 z93241sc13da2.htm AMENDMENT NO. 2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* PENN Entertainment, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 707569109 (CUSIP Number) Christopher M. McLean HG Vora Capital Management, LLC 330 Madison Avenu

August 8, 2024 EX-10.1

Form of Performance Unit Award Agreement (Stock-Settled) for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended.

Exhibit 10.1 PENN ENTERTAINMENT, INC. PERFORMANCE UNIT AWARD AGREEMENT (Stock-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Performance Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: , 20 Award Target/Total Number of Performance Units: Award Period 20 through 20

August 8, 2024 EX-10.2

Form of Non-Qualified Stock Option Certificate for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended.

Exhibit 10.2 PENN ENTERTAINMENT, INC. NON-QUALIFIED STOCK OPTION AWARD AGREEMENT PENN Entertainment, Inc. (the “Company”) has granted to you a Non-Qualified Stock Option Award (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: /$ParticipantName$/ Date of Grant: /$GrantDate$/ Total Number of Options: /$AwardsGranted$/ Opti

August 8, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 8, 2024 PENN Entertainment,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 8, 2024 PENN Entertainment, Inc.

August 8, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-

August 8, 2024 EX-99.1

PENN Entertainment Reports Second Quarter Results

Exhibit 99.1 PENN Entertainment Reports Second Quarter Results WYOMISSING, PA (August 8, 2024) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2024. Jay Snowden, Chief Executive Officer and President, said: “Our retail properties delivered solid results this quarter as our best-in-class team of operato

July 10, 2024 SC 13G/A

PENN / PENN Entertainment, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer: Penn Entertainment Inc Title of Class of Securities: Common Stock CUSIP Number: 707569109 Date of Event Which Requires Filing of this Statement: June 28, 2024 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒

June 7, 2024 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 4, 2024 PENN ENTERTAINMENT, INC.

May 2, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 2, 2024 PENN Entertainment, Inc

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 2, 2024 PENN Entertainment, Inc.

May 2, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0

May 2, 2024 EX-99.1

PENN Entertainment Reports First Quarter Results

Exhibit 99.1 PENN Entertainment Reports First Quarter Results WYOMISSING, PA (May 2, 2024) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three months ended March 31, 2024. Jay Snowden, Chief Executive Officer and President, said: “Our property level performance showed resilience this quarter, with stable trends continuing into April fo

April 23, 2024 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐

April 23, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Ru

April 22, 2024 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 17, 2024 PENN Entertainment, Inc.

March 21, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): March 20, 2024 PENN Entertainment,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): March 20, 2024 PENN Entertainment, Inc.

March 21, 2024 EX-99.1

PENN ENTERTAINMENT NAMES ANUJ DHANDA TO BOARD OF DIRECTORS Appointment Expands Size of Board to Ten Members; Mr. Dhanda Brings Over 25 Years of Experience in Leading Business and Technology Functions to Company’s Board

Exhibit 99.1 PENN ENTERTAINMENT NAMES ANUJ DHANDA TO BOARD OF DIRECTORS Appointment Expands Size of Board to Ten Members; Mr. Dhanda Brings Over 25 Years of Experience in Leading Business and Technology Functions to Company’s Board WYOMISSING, Pa. (March 21, 2024) – PENN Entertainment (Nasdaq: PENN) (“PENN” or the “Company”) announced today that its Board of Directors has appointed Anuj Dhanda to

February 22, 2024 EX-99.1

Exhibit 99.1, “Description of Government Regulations”

EXHIBIT 99.1 Description of Governmental Regulations General The ownership, operation, and management of our casino, retail sports wagering, online sports wagering, online casino, and/or racing operations (collectively, “Gaming Operations”) are subject to significant regulation under the laws and regulations of each of the jurisdictions in which we operate. Such gaming laws are generally based upo

February 22, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-24206

February 22, 2024 EX-97.1

Executive Incentive Compensation Recoupment Policy.

Exhibit 97.1 PENN ENTERTAINMENT, INC. EXECUTIVE INCENTIVE COMPENSATION RECOUPMENT POLICY (Adopted April 25, 2014) Last Amended September 19, 2023 I.INTRODUCTION The Board of Directors (the “Board”) of PENN Entertainment, Inc. (the “Company”) has determined that it is in the best interests of the Company to confirm its policy (the “Policy”) providing for the Company’s recoupment of “Erroneously Awa

February 22, 2024 EX-10.17

First Amendment, dated as of February 15, 2024, by and among PENN Entertainment, Inc., the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent.

Exhibit 10.17 Execution Version FIRST AMENDMENT This FIRST AMENDMENT, dated as of February 15, 2024 (this “Agreement”), by and among PENN Entertainment, Inc. (f/k/a Penn National Gaming, Inc.), a Pennsylvania corporation (“Borrower”), the Guarantors, each Consenting Lender, Bank of America, N.A., as administrative agent (in such capacity, “Administrative Agent”) for the Lenders under the Credit Ag

February 22, 2024 EX-21.1

Subsidiaries of the Registrant.

EXHIBIT 21.1 Subsidiaries of PENN Entertainment, Inc. (a Pennsylvania corporation) Name of Subsidiary State or Other Jurisdiction of Incorporation Abradoodle, LLC Delaware Absolute Games, LLC Delaware ACE Gaming, LLC New Jersey Alton Casino, LLC (d/b/a Argosy Casino Alton) Illinois Ameristar Casino Black Hawk, LLC (d/b/a Ameristar Black Hawk) Colorado Ameristar Casino Council Bluffs, LLC (d/b/a Am

February 22, 2024 EX-10.6

Executive Agreement, dated

Exhibit 10.6 Execution Copy EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this “Agreement”) is entered into on this 19th day of February 2024 and effective as of Janaury 1, 2024 (“Effective Date”), by PENN Entertainment, Inc., a Pennsylvania corporation (the “Company”), and the senior executive who has executed this Agreement below (“Executive”). WHEREAS, each of the parties wishes to enter into t

February 15, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 15, 2024 PENN Entertainmen

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 15, 2024 PENN Entertainment, Inc.

February 15, 2024 EX-99.1

PENN Entertainment Reports Fourth Quarter Results

Exhibit 99.1 PENN Entertainment Reports Fourth Quarter Results WYOMISSING, PA (February 15, 2024) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three months and year ended December 31, 2023. Jay Snowden, Chief Executive Officer and President, said: “PENN delivered another quarter of solid property level performance while continuing to

February 14, 2024 SC 13G/A

PENN / PENN Entertainment, Inc. / BAMCO INC /NY/ - NONE Passive Investment

SC 13G/A 1 doc1.htm NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 15)* PENN Entertainment, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 707569109 (CUSIP Number) Calendar Year 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the

February 13, 2024 SC 13G/A

PENN / PENN Entertainment, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01677-pennentertainmentinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer: Penn Entertainment Inc Title of Class of Securities: Common Stock CUSIP Number: 707569109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to

January 16, 2024 SC 13D/A

PENN / PENN Entertainment, Inc. / HG Vora Capital Management, LLC - AMENDMENT NO. 1 Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* PENN Entertainment, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 707569109 (CUSIP Number) Christopher M. McLean HG Vora Capital Management, LLC 330 Madison Avenue, 21st Floor New York, NY 10017 (212) 707-43

January 16, 2024 EX-99.2

January 12, 2024

Exhibit 99.2 January 12, 2024 PENN Entertainment, Inc. 825 Berkshire Boulevard, Suite 200 Wyomissing, Pennsylvania 19610 Attention: Chris Rogers, Executive Vice President, Chief Strategy Officer and Secretary Dear Mr. Rogers: We write to you in our capacity as a shareholder of PENN Entertainment, Inc. (“PENN” or the “Company”). The unequal allocation of members across each class of PENN’s Board of

December 28, 2023 EX-99.1

Exhibit 99.1: Joint Filing Agreement, dated as of December 28, 2023.

EXHIBIT 99.1 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned ackn

December 28, 2023 SC 13D

PENN / PENN Entertainment, Inc. / HG Vora Capital Management, LLC Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 PENN Entertainment, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 707569109 (CUSIP Number) Christopher M. McLean HG Vora Capital Management, LLC 330 Madison Avenue, 21st Floor New York, NY 10017 (212) 707-4300 (Name, Address a

December 22, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 20, 2023 PENN Entertainmen

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 20, 2023 PENN Entertainment, Inc.

November 2, 2023 EX-99.1

PENN Entertainment Reports Third Quarter Results

Exhibit 99.1 PENN Entertainment Reports Third Quarter Results WYOMISSING, PA (November 2, 2023) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2023. Jay Snowden, Chief Executive Officer and President, said: “Our property level performance was stable in the third quarter reflecting solid results

November 2, 2023 EX-10.2

, as amended October 2, 2023, for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended.

Exhibit 10.2 PENN ENTERTAINMENT, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (Cash-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Restricted Stock Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: , 20 Total Number of Restricted Stock Units: Vesting Schedule The Award

November 2, 2023 EX-10.3

, as amended October 2, 2023, for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended.

Exhibit 10.3 PENN ENTERTAINMENT, INC. PERFORMANCE UNIT AWARD AGREEMENT (Stock-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Performance Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: , 20 Award Target/Total Number of Performance Units: Award Period 20 through 20

November 2, 2023 EX-10.4

, as amended October 2, 2023, for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended.

Exhibit 10.4 PENN ENTERTAINMENT, INC. RESTRICTED STOCK AWARD AGREEMENT PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Restricted Stock (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: , 20 Total Shares of Restricted Stock: Vesting Schedule - Vesting Dates and Number of Shares of R

November 2, 2023 EX-10.1

Form of Restricted Stock Unit Award Agreement (Stock-Settled)

Exhibit 10.1 PENN ENTERTAINMENT, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (Stock-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Restricted Stock Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: , 20 Total Number of Restricted Stock Units: Vesting Schedule The Awar

November 2, 2023 EX-10.5

, as amended October 2, 2023, for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended.

Exhibit 10.5 PENN ENTERTAINMENT, INC. NON-QUALIFIED STOCK OPTION AWARD AGREEMENT PENN Entertainment, Inc. (the “Company”) has granted to you a Non-Qualified Stock Option Award (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: , 20 Total Number of Options: Vesting Schedule - Vesting Dates and Number of Opti

November 2, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

November 2, 2023 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 2, 2023 PENN Entertainment, Inc.

October 4, 2023 CORRESP

October 4, 2023

October 4, 2023 VIA EDGAR CORRESPONDENCE United States Securities and Exchange Commission Division of Corporation Finance Office of Real Estate & Construction 100 F Street, N.

September 29, 2023 EX-16.1

Letter from Deloitte and Touche, LLP, dated September 29, 2023

Exhibit 16.1 Deloitte & Touche LLP 1700 Market Street Philadelphia, PA 19103‐3984 USA Tel: +1 215 246 2300 Fax: +1 215 569 2441 www.deloitte.com September 29, 2023 Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549‐7561 Dear Sirs/Madams: We have read Item 4.01 of PENN Entertainment, Inc.’s Form 8‐K dated September 26, 2023, and have the following comments: 1.We agree with

September 29, 2023 8-K

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 26, 2023 PENN Entertainment, Inc.

September 7, 2023 CORRESP

September 7, 2023

September 7, 2023 VIA EDGAR CORRESPONDENCE United States Securities and Exchange Commission Division of Corporation Finance Office of Real Estate & Construction 100 F Street, N.

August 11, 2023 8-K

Other Events, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 11, 2023 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or other jurisdiction of incorporation) (Commiss

August 11, 2023 EX-FILING FEES

424(b)(7) (Form Type) PENN Entertainment, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities CALCULATION OF REGISTRATION FEE

EXHIBIT 107 424(b)(7) (Form Type) PENN Entertainment, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities CALCULATION OF REGISTRATION FEE Title of Each Class of Securities to be Registered(1) Amount Registered(2) Proposed Maximum Offering Price Per share Proposed Maximum Aggregate Offering Price Amount of Registration Fee Common stock,

August 11, 2023 424B7

1,254,800 Shares Common Stock

TABLE OF CONTENTS  Filed pursuant to Rule 424(b)(7)  Registration No. 333-271825 PROSPECTUS SUPPLEMENT (to Prospectus dated May 11, 2023) 1,254,800 Shares Common Stock The selling shareholder referred to in this prospectus supplement (the “selling shareholder”) may offer and resell up to 1,254,800 shares of our common stock, $0.01 par value per share (“common stock”), under this prospectus supplem

August 9, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-

August 9, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 9, 2023 PENN Entertainment,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 9, 2023 PENN Entertainment, Inc.

August 9, 2023 EX-99.1

PENN Entertainment Reports Second Quarter Results

Exhibit 99.1 PENN Entertainment Reports Second Quarter Results WYOMISSING, PA (August 9, 2023) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2023. 2023 Second Quarter Highlights: •Revenues of $1.67 billion, an increase of 2.9% year-over-year; •Net income of $78.1 million and net income margin of 4.7%

August 8, 2023 EX-4.2

Form of Warrant, incorporated by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed on August 8, 2023 (SEC File No. 000-24206).

Exhibit 4.2 FORM OF WARRANT THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND ANY APPLICABLE STATE SECURITIE

August 8, 2023 EX-99.1

PENN Entertainment and ESPN Enter into Long-Term Exclusive Strategic Alliance for U.S. Online Sports Betting

Exhibit 99.1 PENN Entertainment and ESPN Enter into Long-Term Exclusive Strategic Alliance for U.S. Online Sports Betting WYOMISSING, PA (August 8, 2023) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today announced that it has entered into a transformative, exclusive U.S. online sports betting (“OSB”) agreement with ESPN, Inc. and ESPN Enterprises, Inc (together, “ESPN”). PE

August 8, 2023 EX-4.1

Investment Agreement, dated as of August 8, 2023, by and between PENN Entertainment, Inc. and ESPN, Inc.*

Exhibit 4.1 EXECUTION VERSION INVESTMENT AGREEMENT by and between PENN ENTERTAINMENT, INC. and ESPN, INC. Dated as of August 8, 2023 TABLE OF CONTENTS ARTICLE I Definitions Section 1.01 Definitions 1 ARTICLE II Initial Warrants; Bonus Warrants; Closing; Vesting Section 2.01 Initial Warrants 10 Section 2.02 Bonus Warrants 10 Section 2.03 Initial Closing 11 Section 2.04 Subsequent Closings 12 Sectio

August 8, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 8, 2023 PENN Entertainment,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 8, 2023 PENN Entertainment, Inc.

August 8, 2023 EX-4.3

Registration Rights Agreement, dated as of August 8, 2023, by and between PENN Entertainment, Inc. and ESPN, Inc.

Exhibit 4.3 REGISTRATION RIGHTS AGREEMENT by and between PENN ENTERTAINMENT, INC., and ESPN, INC. Dated as of August 8, 2023 TABLE OF CONTENTS PAGE Article I Resale Shelf Registration Section 1.1 Resale Shelf Registration Statement 1 Section 1.2 Effectiveness Period 2 Section 1.3 Subsequent Shelf Registration Statement 2 Section 1.4 Supplements and Amendments 2 Section 1.5 Subsequent Holder Notice

August 8, 2023 EX-99.2

v 2 FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “e

Exhibit 99.2 STRATEGIC ALLIANCE August 8, 2023 v 2 FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “shou

June 16, 2023 EX-10.7

Form of Stock Appreciation Right Award Agreement for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended is hereby incorporated by reference to Exhibit 10.

Exhibit 10.7 PENN ENTERTAINMENT, INC. STOCK APPRECIATION RIGHT AWARD AGREEMENT PENN Entertainment, Inc. (the “Company”) has granted to you a Stock Appreciation Right Award (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: ,20 Total Number of SARs: Base Amount: Vesting Dates and Number of SARs Vesting: The

June 16, 2023 EX-10.3

Form of Restricted Stock Unit Award Agreement (Cash-Settled) for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended is hereby incorporated by reference to Exhibit 10.3 to the Company’s Registration Statement on Form S-8 filed on June 16, 2023 (SEC File No. 000-24206).

Exhibit 10.3 PENN ENTERTAINMENT, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (Cash-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Restricted Stock Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: ,20 Total Number of Restricted Stock Units: Vesting Schedule The Award

June 16, 2023 EX-FILING FEES

Calculation of Filing Fee Table Form S-8 (Form Type) PENN ENTERTAINMENT, INC. (Exact Name of Registrant as Specified in its Charter) Table 1—Newly Registered Securities

Exhibit 107 Calculation of Filing Fee Table Form S-8 (Form Type) PENN ENTERTAINMENT, INC.

June 16, 2023 EX-10.2

Form of Restricted Stock Unit Award Agreement (Stock-Settled) for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended is hereby incorporated by reference to Exhibit 10.2 to the Company’s Registration Statement on Form S-8 filed on June 16, 2023 (SEC File No. 000-24206).

Exhibit 10.2 PENN ENTERTAINMENT, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (Stock-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Restricted Stock Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: ,20 Total Number of Restricted Stock Units: Vesting Schedule The Award

June 16, 2023 S-8

As filed with the Securities and Exchange Commission on June 16, 2023

As filed with the Securities and Exchange Commission on June 16, 2023 Registration No.

June 16, 2023 EX-10.5

2022 Long Term Incentive Compensation Plan, as amended, is hereby incorporated by reference to Exhibit 10.5 to the Company’s Registration Statement on Form S-8 filed on June 16, 2023. (SEC File No. 333-272723).

Exhibit 10.5 PENN ENTERTAINMENT, INC. RESTRICTED STOCK AWARD AGREEMENT PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Restricted Stock (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: ,20 Total Shares of Restricted Stock: Vesting Schedule - Vesting Dates and Number of Shares of Re

June 16, 2023 EX-10.4

Form of Performance Unit Award Agreement for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended is hereby incorporated by reference to Exhibit 10.4 to the Company’s Registration Statement on Form S-8 filed on June 16, 2023. (SEC File No. 000-24206).

Exhibit 10.4 PENN ENTERTAINMENT, INC. PERFORMANCE UNIT AWARD AGREEMENT (Stock-Settled) PENN Entertainment, Inc. (the “Company”) has granted to you an Award of Performance Units (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: ,20 Award Target/Total Number of Performance Units: Award Period 20 through 20 V

June 16, 2023 EX-10.6

Form of Non-Qualified Stock Option Award Agreement for the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended is hereby incorporated by reference to Exhibit 10.6 to the Company’s Registration Statement on Form S-8 filed on June 16, 2023 (SEC File No. 000-24206).

Exhibit 10.6 PENN ENTERTAINMENT, INC. NON-QUALIFIED STOCK OPTION AWARD AGREEMENT PENN Entertainment, Inc. (the “Company”) has granted to you a Non-Qualified Stock Option Award (“Award”) pursuant to the PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, as follows: Grantee: Date of Grant: ,20 Total Number of Options: Vesting Schedule - Vesting Dates and Number of Optio

June 13, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 7, 2023 PENN Entertainment, In

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 7, 2023 PENN Entertainment, Inc.

June 9, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 6, 2023 PENN ENTERTAINMENT, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 6, 2023 PENN ENTERTAINMENT, INC.

June 9, 2023 EX-10.1

PENN Entertainment, Inc. 2022 Long Term Incentive Compensation Plan, as amended, is hereby incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on June 9, 2023. (SEC File No. 000-24206).

Exhibit 10.1 PENN ENTERTAINMENT, INC. 2022 LONG TERM INCENTIVE COMPENSATION PLAN AS AMENDED ON JUNE 6, 2023. ARTICLE I PURPOSE 1 ARTICLE II DEFINITIONS AND CONSTRUCTION 1 Section 2.1 Definitions 1 Section 2.2 Construction 4 ARTICLE III STOCK AVAILABLE FOR AWARDS 4 Section 3.1 Common Stock 4 Section 3.2 Number of Shares Deliverable 4 Section 3.3 Reusable Shares 4 ARTICLE IV AWARDS AND AWARD AGREEME

May 11, 2023 EX-FILING FEES

Filing Fee Table.

Exhibit 107 Calculation of Filing Fee Tables Form S-3 (Form Type) PENN ENTERTAINMENT, INC.

May 11, 2023 S-3ASR

As filed with the U.S. Securities and Exchange Commission on May 11, 2023

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on May 11, 2023 Registration No. 333-       SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-3 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 PENN ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) Pennsylvania (State or other jurisdiction of incorporation or organization) 2

May 11, 2023 EX-25.1

Statement of Eligibility of Computershare Trust Company, N.A. as successor in interest to Wells Fargo Bank, N.A., as Trustee under the Indenture.

Exhibit 25.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ¨ Computershare Trust Company, National Association (Exact name of trustee as specified in its charter) N

May 4, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 4, 2023 PENN Entertainment, Inc

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 4, 2023 PENN Entertainment, Inc.

May 4, 2023 EX-99.1

PENN Entertainment Reports First Quarter Results

Exhibit 99.1 PENN Entertainment Reports First Quarter Results WYOMISSING, PA (May 4, 2023) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three months ended March 31, 2023. 2023 First Quarter Highlights: •Revenues of $1.67 billion, an increase of 7.0% year-over-year; •Net income of $514.4 million and net income margin of 30.7%, as compa

May 4, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0

April 25, 2023 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Ru

April 25, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐

February 23, 2023 EX-10.11

, between Penn National Gaming, Inc. and Christine LaBombard.

EXHIBIT 10.11 EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this "Agreement'') is entered into and shall be effective on this 11th day of October 2021 (the "Effective Date"), by Penn National Gaming, Inc., a Pennsylvania corporation (the "Company"), and the senior executive who has executed this Agreement below ("Executive"). WHEREAS, each of the parties wishes to enter into this Agreement, the te

February 23, 2023 EX-10.22

Amended and Restated PENN Master Lease, dated January 1, 2023, by and among PENN Tenant, LLC and Gaming and Leisure Properties, Inc.

EXHIBIT 10.22 Execution Version AMENDED AND RESTATED MASTER LEASE TABLE OF CONTENTS TO MASTER LEASE Page ARTICLE I 1.1 Leased Property 1 1.2 Single, Indivisible Lease 2 1.3 Term 3 1.4 Renewal Terms 3 ARTICLE II 2.1 Definitions 4 ARTICLE III 3.1 Rent 22 3.2 Late Payment of Rent 23 3.3 Method of Payment of Rent 23 3.4 Net Lease 24 ARTICLE IV 4.1 Impositions 24 4.2 Utilities 25 4.3 Impound Account 25

February 23, 2023 EX-99.1

Exhibit 99.1, “Description of Government Regulations,”

EXHIBIT 99.1 Description of Governmental Regulations General The ownership, operation, and management of our casino, sports wagering and racing operations are subject to significant regulation under the laws and regulations of each of the jurisdictions in which we operate. Such gaming laws are generally based upon declarations of public policy designed to protect gaming consumers and the viability

February 23, 2023 EX-10.23

2023 Master Lease, dated January 1, 2023, by and among PENN Tenant, LLC and Gaming and Leisure Properties, Inc.

EXHIBIT 10.23 MASTER LEASE TABLE OF CONTENTS TO MASTER LEASE Page Article I 2 1.1 Leased Property 2 1.2 Single, Indivisible Lease 3 1.3 Term 3 1.4 Renewal Terms 3 Article II 4 2.1 Definitions 4 Article III 26 3.1 Rent 26 3.2 Late Payment of Rent 26 3.3 Method of Payment of Rent 27 3.4 Net Lease 27 Article IV 27 4.1 Impositions 27 4.2 Utilities 29 4.3 Impound Account 29 Article V 29 5.1 No Terminat

February 23, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-24206

February 23, 2023 EX-10.13

Lease Agreement, dated March 31, 1995 between Wyomissing Professional Center III, LP and Penn National Gaming, Inc., as amended by certain amendments dated April 15, 1997, October 30, 1997, April 23, 1998, November 16, 1999, August 21, 2000, April 5, 2005, November 20, 2007, May 25, 2012, May 12, 2021, and November 10, 2022.

EXHIBIT 10.13 THE CORPORATE CAMPUS AT SPRING RIDGE SUMMARY OF LEASE TERMS The terms of this Lease (the “Lease”) set forth on these summary pages (the “Summary”) are for convenience and are subject to further explanation in the Lease. All terms defined on these summary pages are incorporated by reference into the Lease as if set forth in their entirety therein. Reference 1. Landlord’s Name and Addr

February 23, 2023 EX-21.1

Subsidiaries of the Registrant.

EXHIBIT 21.1 Subsidiaries of PENN Entertainment, Inc. (a Pennsylvania corporation) Name of Subsidiary State or Other Jurisdiction of Incorporation Abradoodle, LLC Delaware Absolute Games, LLC Delaware ACE Gaming, LLC New Jersey Alton Casino, LLC (d/b/a Argosy Casino Alton) Illinois Ameristar Casino Black Hawk, LLC (d/b/a Ameristar Black Hawk) Colorado Ameristar Casino Council Bluffs, LLC (d/b/a Am

February 17, 2023 EX-99.1

PENN ENTERTAINMENT COMPLETES ACQUISITION OF BARSTOOL SPORTS Influential Media Brand Strengthens PENN’s Growing Digital Sports, Gaming and Entertainment Portfolio

Exhibit 99.1 PENN ENTERTAINMENT COMPLETES ACQUISITION OF BARSTOOL SPORTS Influential Media Brand Strengthens PENN’s Growing Digital Sports, Gaming and Entertainment Portfolio WYOMISSING, Pa. and NEW YORK - February 17, 2023 - PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today completed its previously announced acquisition of Barstool Sports, Inc. (“Barstool Sports” or “Barstoo

February 17, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 17, 2023 PENN Entertainmen

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 17, 2023 PENN Entertainment, Inc.

February 14, 2023 SC 13G/A

PENN / Penn National Gaming, Inc / BAMCO INC /NY/ - NONE Passive Investment

SC 13G/A 1 doc1.htm NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 14)* PENN Entertainment, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 707569109 (CUSIP Number) Calendar Year 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the

February 14, 2023 SC 13G

PENN / Penn National Gaming, Inc / HG Vora Capital Management, LLC Passive Investment

SC 13G 1 penn213236sc13g.htm SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 PENN Entertainment, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 707569109 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rul

February 9, 2023 SC 13G/A

PENN / Penn National Gaming, Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01648-pennentertainmentinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer: Penn Entertainment Inc. Title of Class of Securities: Common Stock CUSIP Number: 707569109 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box to

February 2, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 2, 2023 PENN Entertainment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 2, 2023 PENN Entertainment, Inc.

February 2, 2023 SC 13G/A

PENN / Penn National Gaming, Inc / Invesco Ltd. - SEC SCHEDULE 13G Passive Investment

SC 13G/A 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* Penn Entertainment Inc (Name of Issuer) Common Stock (Title of Class of Securities) 707569109 (CUSIP Number) December 30, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box

February 2, 2023 EX-99.1

PENN Entertainment Reports Fourth Quarter Results

Exhibit 99.1 PENN Entertainment Reports Fourth Quarter Results WYOMISSING, PA (February 2, 2023) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three months and year ended December 31, 2022. 2022 Fourth Quarter Highlights: •Revenues of $1.6 billion, an increase of 0.8% year-over-year; •Net income of $20.8 million and net income margin o

December 8, 2022 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Earliest Event Reported: December 6, 2022 PENN ENTERTAINMENT, INC. (Exact n

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Earliest Event Reported: December 6, 2022 PENN ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or Other Jurisdiction of Incorporation) (Commission File Number)

November 3, 2022 EX-99.1

PENN Entertainment Reports Third Quarter Results

Exhibit 99.1 PENN Entertainment Reports Third Quarter Results WYOMISSING, PA (November 3, 2022) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2022. 2022 Third Quarter Highlights: •Revenues of $1.6 billion, an increase of 7.5% year-over-year; •Net income of $123.2 million and net income margin o

November 3, 2022 EX-10.3

Executive Agreement, dated November 2, 2022, between PENN Entertainment, Inc. and Todd George is hereby incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022. (SEC File No. 000-24206)

Exhibit 10.3 EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this ?Agreement?) is entered into on this 2nd day of November, 2022 (?Effective Date?), by PENN Entertainment, Inc., a Pennsylvania corporation (the ?Company?), and the senior executive who has executed this Agreement below (?Executive?). WHEREAS, each of the parties wishes to enter into this Agreement, the terms of which are intended to b

November 3, 2022 EX-10.2

Executive Agreement, dated November 2, 2022, between PENN Entertainment, Inc. and Jay Snowden is hereby incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022. (SEC File No. 000-24206)

Exhibit 10.2 EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this ?Agreement?) is entered into on this 2nd day of November, 2022 (?Effective Date?), by PENN Entertainment, Inc., a Pennsylvania corporation (the ?Company?), and the senior executive who has executed this Agreement below (?Executive?). WHEREAS, each of the parties wishes to enter into this Agreement, the terms of which are intended to b

November 3, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

November 3, 2022 EX-10.1

Executive Agreement, dated March 10, 2022, between PENN Entertainment, Inc. and Christopher Rogers is hereby incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022. (SEC File No. 000-24206)

Exhibit 10.1 EXECUTIVE AGREEMENT This EXECUTIVE AGREEMENT (this ?Agreement?) is entered into on this 10th day of March, 2022 and shall be effective as of June 30, 2022 (the ?Effective Date?), by Penn National Gaming, Inc., a Pennsylvania corporation (the ?Company?), and the senior executive who has executed this Agreement below (?Executive?). WHEREAS, each of the parties wishes to enter into this

November 3, 2022 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 3, 2022 PENN Entertainment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 3, 2022 PENN Entertainment, Inc.

October 11, 2022 EX-10.1

Binding Term Sheet, dated as of October 9, 2022, by and among PENN Entertainment, Inc. and Gaming and Leisure Properties, Inc. is hereby incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 11, 2022. (SEC File No. 000-24206)

Exhibit 10.1 Binding Term Sheet Set forth below are the terms of a legally binding term sheet (this ?Agreement?), dated as of October 9, 2022, by and among GLP Capital, L.P. (together with its affiliates, ?GLP?) and PENN Entertainment, Inc. (?PENN? and, together with GLP, each a ?Party? and, collectively, the ?Parties?). As the context may require, references to GLP and PENN in this Agreement shal

October 11, 2022 EX-99.1

PENN Entertainment to Pursue Four New Growth Projects, Including the Land-based Relocations of Hollywood Casinos in Aurora and Joliet (Illinois) and New Hotels at Hollywood Casino Columbus (Ohio) and the M Resort (Nevada) Company to Amend Master Leas

Exhibit 99.1 PENN Entertainment to Pursue Four New Growth Projects, Including the Land-based Relocations of Hollywood Casinos in Aurora and Joliet (Illinois) and New Hotels at Hollywood Casino Columbus (Ohio) and the M Resort (Nevada) Company to Amend Master Lease with Gaming and Leisure Properties to Facilitate and Fund up to $575 Million of the Approximately $850 Million Overall Project Budget W

October 11, 2022 8-K

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 9, 2022 PENN Entertainment, Inc.

August 17, 2022 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 17, 2022 PENN Entertainment, Inc.

August 4, 2022 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): August 4, 2022 PENN Entertainment, Inc.

August 4, 2022 EX-99.1

Penn National Gaming Reports Second Quarter Results and Announces Name Change to PENN Entertainment

Exhibit 99.1 Penn National Gaming Reports Second Quarter Results and Announces Name Change to PENN Entertainment WYOMISSING, PA (August 4, 2022) - PENN Entertainment, Inc. (?PENN? or the ?Company?) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2022. 2022 Second Quarter Highlights: ?Database Growth Highlights the Value of Omni-Channel Strategy ?Successf

August 4, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-

August 4, 2022 EX-3.1

Articles of Amendment to its Second Amended and Restated Articles of Incorporation, effective August 4, 2022, is hereby incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022. (SEC File No. 000-24206)

Exhibit 3.1 ARTICLES OF AMENDMENT TO SECOND AMENDED AND RESTATED ARTICLES OF INCORPORATION OF PENN NATIONAL GAMING, INC. The first line of the preamble of the Second Amended and Restated Articles of Incorporation of Penn National Gaming, Inc. (the ?Articles?) is hereby amended in its entirety to read as follows: PENN Entertainment, Inc. (hereinafter called the ?Corporation?), a corporation organiz

August 4, 2022 EX-3.2

Amendment to Fourth Amended and Restated Bylaws of the Company, effective August 4, 2022, is hereby incorporated by reference to Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022. (SEC File No. 000-24206)

Exhibit 3.2 AMENDMENT TO THE FOURTH AMENDED AND RESTATED BYLAWS OF PENN Entertainment, Inc. (Effective as of August 4, 2022) Section 1.01 of the Fourth Amended and Restated Bylaws (the ?Bylaws?) of PENN Entertainment, Inc., formerly known as Penn National Gaming, Inc. (the ?Corporation?) is hereby amended and restated in its entirety as follows: Section 1.01 Registered Office. The registered offic

June 15, 2022 EX-10.6

Form of Non-Qualified Stock Option Award Agreement for the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.6 to the Company’s Registration Statement on Form S-8 filed on June 15, 2022. (SEC File No. 000-24206)

EX-10.6 8 exhibit106-2022formofnonxq.htm EX-10.6 Exhibit 10.6 PENN NATIONAL GAMING, INC. NON-QUALIFIED STOCK OPTION AWARD AGREEMENT Penn National Gaming, Inc. (the “Company”) has granted to you a Non-Qualified Stock Option Award (“Award”) pursuant to the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan, as follows: Grantee: Date of Grant: , 20 Total Number of Options: Vesting

June 15, 2022 S-8

As filed with the Securities and Exchange Commission on June 15, 2022

As filed with the Securities and Exchange Commission on June 15, 2022 Registration No.

June 15, 2022 EX-10.2

Form of Restricted Stock Unit Award Agreement (Stock-Settled) for the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.2 to the Company’s Registration Statement on Form S-8 filed on June 15, 2022. (SEC File No. 000-24206)

Exhibit 10.2 PENN NATIONAL GAMING, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (Stock-Settled) Penn National Gaming, Inc. (the ?Company?) has granted to you an Award of Restricted Stock Units (?Award?) pursuant to the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan, as follows: Grantee: Date of Grant: , 20 Total Number of Restricted Stock Units: Vesting Schedule The Award is s

June 15, 2022 EX-FILING FEES

Filing Fee Table.

EX-FILING FEES 2 exhibit107-calculationoffi.htm EX-FILING FEES Exhibit 107 Calculation of Filing Fee Table Form S-8 (Form Type) PENN NATIONAL GAMING, INC. (Exact Name of Registrant as Specified in its Charter) Table 1—Newly Registered Securities Title of each Class of Securities to be Registered Amount to be Registered (1) Proposed Maximum Offering Price Per Share Fee Calculation Rule Proposed Max

June 15, 2022 EX-10.5

Form of Restricted Stock Award Agreement for the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.5 to the Company’s Registration Statement on Form S-8 filed on June 15, 2022 (SEC File No. 000-24206)

Exhibit 10.5 PENN NATIONAL GAMING, INC. RESTRICTED STOCK AWARD AGREEMENT Penn National Gaming, Inc. (the ?Company?) has granted to you an Award of Restricted Stock (?Award?) pursuant to the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan, as follows: Grantee: Date of Grant: , 20 Total Shares of Restricted Stock: Vesting Schedule - Vesting Dates and Number of Shares of Restric

June 15, 2022 EX-10.4

Form of Performance Unit Award Agreement for the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.4 to the Company’s Registration Statement on Form S-8 filed on June 15, 2022. (SEC File No. 000-24206)

Exhibit 10.4 PENN NATIONAL GAMING, INC. PERFORMANCE UNIT AWARD AGREEMENT (Stock-Settled) Penn National Gaming, Inc. (the ?Company?) has granted to you an Award of Performance Units (?Award?) pursuant to the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan, as follows: Grantee: Date of Grant: , 20 Award Target/Total Number of Performance Units: Award Period 20 through 20 Vestin

June 15, 2022 EX-10.3

Form of Restricted Stock Unit Award Agreement (Cash-Settled) for the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.3 to the Company’s Registration Statement on Form S-8 filed on June 15, 2022. (SEC File No. 000-24206)

Exhibit 10.3 PENN NATIONAL GAMING, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (Cash-Settled) Penn National Gaming, Inc. (the ?Company?) has granted to you an Award of Restricted Stock Units (?Award?) pursuant to the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan, as follows: Grantee: Date of Grant: , 20 Total Number of Restricted Stock Units: Vesting Schedule The Award is su

June 15, 2022 EX-10.7

Form of Stock Appreciation Right Award Agreement for the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.7 to the Company’s Registration Statement on Form S-8 filed on June 15, 2022. (SEC File No. 000-24206)

Exhibit 10.7 PENN NATIONAL GAMING, INC. STOCK APPRECIATION RIGHT AWARD AGREEMENT Penn National Gaming, Inc. (the ?Company?) has granted to you a Stock Appreciation Right Award (?Award?) pursuant to the Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan, as follows: Grantee: Date of Grant: , 20 Total Number of SARs: Base Amount: Vesting Dates and Number of SARs Vesting: The Award

June 10, 2022 EX-10.1

Penn National Gaming, Inc. 2022 Long Term Incentive Compensation Plan is hereby incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on June 10, 2022. (SEC File No. 000-24206)

Exhibit 10.1 PENN NATIONAL GAMING, INC. 2022 LONG TERM INCENTIVE COMPENSATION PLAN TABLE OF CONTENTS Page ARTICLE I PURPOSE 1 ARTICLE II DEFINITIONS AND CONSTRUCTION 1 Section 2.1 Definitions 1 Section 2.2 Construction 4 ARTICLE III STOCK AVAILABLE FOR AWARDS 4 Section 3.1 Common Stock 4 Section 3.2 Number of Shares Deliverable 4 Section 3.3 Reusable Shares 4 ARTICLE IV AWARDS AND AWARD AGREEMENTS

June 10, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 7, 2022 PENN NATIONAL GAMING, INC.

June 2, 2022 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the S Securities Exchange Act of 1934

DEFA14A 1 ny20004404x1defa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the S Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as

May 5, 2022 EX-10.3

Second Amended and Restated Credit Agreement, dated as of May 3, 2022, by and among Penn National Gaming, Inc., as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and as collateral agent., is hereby incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022. (SEC File No. 000-24206)

Exhibit 10.3 Published Deal CUSIP: 70757DAW9 Revolving Facility CUSIP: 70757DAX7 Term A Facility CUSIP: 70757DAY5 Term B Facility CUSIP: 70757DAZ2 Execution Version SECOND AMENDED AND RESTATED CREDIT AGREEMENT Dated as of May 3, 2022, among PENN NATIONAL GAMING, INC., as Borrower, THE SUBSIDIARIES OF BORROWER PARTY HERETO, as Guarantors, THE LENDERS PARTY HERETO, THE L/C LENDERS PARTY HERETO and B

May 5, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 5, 2022 PENN NATIONAL GAMING, INC.

May 5, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0

May 5, 2022 EX-99.1

Penn National Gaming Reports First Quarter Revenues of $1.56 Billion, Net Income of $51.6 Million, Adjusted EBITDAR of $494.7 Million, and Adjusted EBITDA of $434.6 Million Retail Operations Benefitting from Strong Volumes and Meaningful Database Gro

Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Felicia Hendrix Joseph N. Jaffoni, Richard Land Chief Financial Officer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Reports First Quarter Revenues of $1.56 Billion, Net Income of $51.6 Million, Adjusted EBITDAR of $494.7 Million, and Adjusted EBITDA of $434.6 Million Retail Operations Benefitting from Strong Vol

April 26, 2022 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ?) Filed by the Registrant?? Filed by a Party other than the Registrant??? Check the appropriate box: ???Preliminary Proxy Statement ???Confidential, for Use of the Commission Only (as permitted by Rul

April 26, 2022 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

DEFA14A 1 ny20002016x2defa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only

February 28, 2022 EX-10.13

Lease, dated January 30, 2002 between Wyomissing Professional Center II, LP and Penn National Gaming, Inc. as amended by certain amendments dated May 23, 2002, December 4, 2002, January 29, 2003, October 19, 2010, May 25, 2012, September 1, 2017, and May 12, 2021, respectively, is hereby incorporated by reference to Exhibit 10.13 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. (SEC File No. 000-24206)

EXHIBIT 10.13 THE CORPORATE CAMPUS AT SPRING RIDGE SUMMARY OF LEASE TERMS The terms of this Lease (the ?Lease?) set forth on these summary pages (the ?Summary?) are for convenience and are subject to further explanation in the Lease. All terms defined on these summary pages are incorporated by reference into the Lease as if set forth in their entirety therein. Reference 1. Landlord?s Name and Addr

February 28, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-24206

February 28, 2022 EX-99.1

Exhibit 99.1, “Description of Government Regulations,”

EXHIBIT 99.1 Description of Governmental Regulations General The ownership, operation, and management of our casino, sports wagering and racing operations are subject to significant regulation under the laws and regulations of each of the jurisdictions in which we operate. Such gaming laws are generally based upon declarations of public policy designed to protect gaming consumers and the viability

February 28, 2022 EX-10.11

Executive Agreement, dated December 9, 2019, between Penn National Gaming, Inc. and Christopher Rogers.

EXHIBIT 10.11 EXECUTIVE AGREEMENT This Executive AGREEMENT (this "Agreement") is entered into on this 9th day of December 9, 2019 and shall be effective as of January 1, 2020 (the "Effective Date"), by Penn National Gaming, Inc., a Pennsylvania corporation (the "Company"), and the senior executive who has executed this Agreement below ("Executive"). WHEREAS, each of the parties wishes to enter int

February 28, 2022 EX-10.14(I)

Ninth Amendment to the Penn Master Lease is hereby incorporated by reference to Exhibit 10.14(i) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. (SEC File No. 000-24206)

EXHIBIT 10.14(i) NINTH AMENDMENT TO MASTER LEASE THIS NINTH AMENDMENT TO MASTER LEASE (this ?Amendment?) is being entered into on this 14th day of January, 2022 (the ?Effective Date?), by and between GLP Capital, L.P. (together with its permitted successors and assigns, ?Landlord?) and Penn Tenant, LLC (together with its permitted successors and assigns, ?Tenant?), and shall amend that certain Mas

February 28, 2022 EX-10.15(E)

Fifth Amendment to PNK Master Lease, dated as of January 14, 2022, by and between Pinnacle MLS, LLC and Gold Merger Sub, LLC is hereby incorporated by reference to Exhibit 10.15(e) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. (SEC File No. 000-24206).

EXHIBIT 10.15(e) FIFTH AMENDMENT TO MASTER LEASE THIS FIFTH AMENDMENT TO MASTER LEASE (this ?Amendment?) is being entered into on this 14th day of January, 2022 (the ?Effective Date?), by and between Gold Merger Sub, LLC (together with its permitted successors and assigns, ?Landlord?) and Pinnacle MLS, LLC (together with its permitted successors and assigns, ?Tenant?), and shall amend that certain

February 28, 2022 EX-10.12

as amended by certain amendments dated April 15, 1997, October 30, 1997, April 23, 1998,

EXHIBIT 10.12 COMMERCIAL LEASE AGREEMENT THIS LEASE AGREEMENT (the ?Lease?) made the 31st day of March, 1995, by and between WYOMISSING PROFESSIONAL CENTER III, LIMITED PARTNERSHIP, a Pennsylvania limited partnership (the ?Landlord?), having an address of 825 Berkshire Boulevard, Suite 203, Wyomissing, Pennsylvania 19610 and PENN NATIONAL GAMING, INC. (the ?Tenant?), having an address of 825 Berks

February 28, 2022 EX-21.1

Subsidiaries of the Registrant.

EXHIBIT 21.1 Subsidiaries of Penn National Gaming, Inc. (a Pennsylvania corporation) Name of Subsidiary State or Other Jurisdiction of Incorporation Abradoodle, LLC Delaware Absolute Games, LLC Delaware Alton Casino, LLC (d/b/a Argosy Casino Alton) Illinois Ameristar Casino Black Hawk, LLC (d/b/a Ameristar Black Hawk) Colorado Ameristar Casino Council Bluffs, LLC (d/b/a Ameristar Council Bluffs) I

February 14, 2022 EX-99

JOINT FILING AGREEMENT

JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) (l) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing of the attached Schedule 13G, and any and all amendments thereto, and expressly authorize Invesco Ltd.

February 14, 2022 SC 13G

PENN / Penn National Gaming, Inc / Invesco Ltd. - SEC SCHEDULE 13G Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Penn National Gaming Inc (Name of Issuer) Common Stock (Title of Class of Securities) 707569109 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this

February 14, 2022 SC 13G/A

PENN / Penn National Gaming, Inc / BAMCO INC /NY/ - NONE Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 13)* Penn National Gaming, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 707569109 (CUSIP Number) Calendar Year 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which

February 10, 2022 SC 13G/A

PENN / Penn National Gaming, Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 8)* Name of issuer: Penn National Gaming Inc. Title of Class of Securities: Common Stock CUSIP Number: 707569109 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is fi

February 3, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 3, 2022 PENN NATIONAL GAMING, INC.

February 3, 2022 EX-99.1

Penn National Gaming Reports Fourth Quarter Revenues of $1.6 Billion, Net Income of $44.8 Million, Adjusted EBITDAR of $480.5 Million, and Adjusted EBITDA of $369.0 Million Retail Operations Deliver Strong Results Through Sustainable Margin Improveme

EX-99.1 2 exhibit991-q42021.htm EX-99.1 Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Felicia Hendrix Joseph N. Jaffoni, Richard Land Chief Financial Officer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Reports Fourth Quarter Revenues of $1.6 Billion, Net Income of $44.8 Million, Adjusted EBITDAR of $480.5 Million, and Adjusted EBITDA of $369.0 Million Retai

November 4, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 4, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or other jurisdiction of incorporation) (Comm

November 4, 2021 EX-99.1

Penn National Gaming Reports Third Quarter Revenues of $1.5 Billion, Net Income of $86.1 Million, Adjusted EBITDAR of $480.3 Million, and Adjusted EBITDA of $364.3 Million Barstool Sportsbook Mobile App Continues to Expand Through Disciplined Growth

Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Felicia Hendrix Joseph N. Jaffoni, Richard Land Executive VP & Chief Financial Officer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Reports Third Quarter Revenues of $1.5 Billion, Net Income of $86.1 Million, Adjusted EBITDAR of $480.3 Million, and Adjusted EBITDA of $364.3 Million Barstool Sportsbook Mobile App

November 4, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

November 4, 2021 EX-10.3

Third Amendment to Executive Agreement, dated November 3, 2021, by and between Penn National Gaming, Inc. and Jay A. Snowden

Exhibit 10.3 THIRD AMENDMENT TO EXECUTIVE AGREEMENT THIS THIRD AMENDMENT TO EXECUTIVE AGREEMENT (?Amendment?) is entered into on November 3, 2021 and effective as of January 1, 2021 (the ?Effective Date?) by and between Penn National Gaming, Inc., a Pennsylvania corporation (the ?Company?), and Jay A. Snowden, an individual (?Executive?), with respect to the following facts and circumstances: RECI

October 19, 2021 EX-99.1

Penn National Gaming Completes Acquisition of Score Media and Gaming Inc. - Transaction Creates North America’s Leading Digital Sports Content, Gaming and Technology Company -

Exhibit 99.1 Penn National Gaming Completes Acquisition of Score Media and Gaming Inc. - Transaction Creates North America?s Leading Digital Sports Content, Gaming and Technology Company - OCTOBER 19, 2021 - WYOMISSING, Pa. and TORONTO, On - Penn National Gaming, Inc. (PENN: NASDAQ) (?Penn National? or the ?Company?) today completed its previously announced acquisition of Score Media and Gaming In

October 19, 2021 EX-2.3

(British Columbia) (incorporated by reference to Exhibit 2.3 to the Company’s Registration Statement on Form S-3ASR filed on October 19, 2021). (SEC File No. 333-260362).

Exhibit 2.3 PLAN OF ARRANGEMENT Under Section 288 of the Business Corporations Act (British Columbia) concerning Score Media and Gaming Inc. Article 1 INTERPRETATION 1.1 Definitions For the purposes of this Plan of Arrangement, the following have the respective meanings set forth below: ?Accelerated Unvested Company Option? means that portion of each outstanding and unexercised Company Option that

October 19, 2021 S-8

As filed with the U.S. Securities and Exchange Commission on October 19, 2021

As filed with the U.S. Securities and Exchange Commission on October 19, 2021 Registration No. 333- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-8 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-2234473 (State or other jurisdiction of incorporation or organization) (I.R.S.

October 19, 2021 EX-4.3

Score Media and Gaming Inc. Second Amended and Restated Stock Option and Restricted Stock Unit Plan

Exhibit 4.3 SCORE MEDIA AND GAMING INC. SECOND AMENDED AND RESTATED STOCK OPTION AND RESTRICTED STOCK UNIT PLAN Effective February 10, 2021 Table of Contents Page Article I Defined Terms 3 Article II Purpose of Plan 5 Article III Administration of the Plan 6 Article IV Shares Subject to Plan 6 Article V Eligibility, Grant and Certain Terms of Awards 7 Article VI Termination; Death 8 Article VII Op

October 19, 2021 S-3ASR

As filed with the U.S. Securities and Exchange Commission on October 19, 2021

As filed with the U.S. Securities and Exchange Commission on October 19, 2021 Registration No. 333- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-3 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-2234473 (State or other jurisdiction of incorporation or organization) (I.R.S.

October 19, 2021 EX-99.1

Exchangeable Share Support Agreement, by and among Penn National Gaming, Inc., 1317769 B.C. Ltd. and 1317774 B.C. Ltd., dated as of October 19, 2021 (incorporated by reference to Exhibit 99.1 to the Company’s Registration Statement on Form S-3ASR filed on October 19, 2021). (SEC File No. 333-260362).

Exhibit 99.1 EXCHANGEABLE SHARE SUPPORT AGREEMENT This EXCHANGEABLE SHARE SUPPORT AGREEMENT made as of October 19, 2021 among Penn National Gaming, Inc., a corporation existing under the laws of Pennsylvania (?Parent?), 1317769 B.C. Ltd., a corporation existing under the laws of the Province of British Columbia (?Callco?), and 1317774 B.C. Ltd., a corporation existing under the laws of the Provinc

October 19, 2021 EX-2.2

Amendment No. 1 to the Arrangement Agreement by and among Penn National Gaming, Inc., 1317774 B.C. LTD. and Score Media and Gaming Inc., dated as of September 10, 2021.

Exhibit 2.2 Execution Version AMENDMENT NO. 1 TO THE ARRANGEMENT AGREEMENT THIS AMENDMENT NO. 1 TO THE ARRANGEMENT AGREEMENT (this ?Amendment No. 1?) is made and entered into as of this 10th day of September 2021 by and between Score Media and Gaming Inc., a British Columbia corporation (the ?Company?), 1317774 B.C. Ltd., a British Columbia corporation (?Purchaser?) and Penn National Gaming, Inc.,

October 19, 2021 8-K

Unregistered Sales of Equity Securities, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 19, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or other jurisdiction of incorporation) (Comm

September 20, 2021 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 17, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or other jurisdiction of incorporation) (Co

August 26, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 26, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or other jurisdiction of incorporation) (Commi

August 26, 2021 424B7

CALCULATION OF REGISTRATION FEE

Filed pursuant to Rule 424(b)(7) Registration No. 333-238149 CALCULATION OF REGISTRATION FEE Title of Each Class of Securities to be Registered(1) Amount Registered(2) Proposed Maximum Offering Price Per share Proposed Maximum Aggregate Offering Price Amount of Registration Fee Common stock, $0.01 par value per share 198,103 $ 65.65 (3)(4) $ 13,005,461.95 (4) $ 1,419 (4) (1) This prospectus supple

August 10, 2021 SC 13G/A

PENN / Penn National Gaming, Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 7)* Name of issuer: Penn National Gaming Inc. Title of Class of Securities: Common Stock CUSIP Number: 707569109 Date of Event Which Requires Filing of this Statement: July 30, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

August 5, 2021 EX-99.1

Penn National Gaming to Acquire Score Media and Gaming, Creating North America’s Leading Digital Sports Content, Gaming and Technology Company Transaction fortifies Penn National’s bespoke digital media and gaming strategy, creating a complete one-st

Exhibit 99.1 Penn National Gaming to Acquire Score Media and Gaming, Creating North America?s Leading Digital Sports Content, Gaming and Technology Company Transaction fortifies Penn National?s bespoke digital media and gaming strategy, creating a complete one-stop destination Addition of theScore's fully integrated betting and media platform into existing ecosystem will lead to best-in-class enga

August 5, 2021 8-K

Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or other jurisdiction of incorporation) (Commis

August 5, 2021 EX-2.1

Arrangement Agreement by and among Penn National Gaming, Inc., 1317774 B.C. LTD. and Score Media and Gaming Inc., dated as of August 4, 2021 (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on August 5, 2021). (SEC File No. 000-24206).

Exhibit 2.1 EXECUTION VERSION ARRANGEMENT AGREEMENT BY AND BETWEEN SCORE MEDIA AND GAMING INC., 1317774 B.C. LTD., and PENN NATIONAL GAMING, INC. August 4, 2021 TABLE OF CONTENTS Article I DEFINITIONS 1 Section 1.1 Definitions 1 Section 1.2 Other Definitional and Interpretative Provisions 14 Article II THE ARRANGEMENT 16 Section 2.1 Arrangement 16 Section 2.2 Implementation Steps by the Company 16

August 5, 2021 EX-99.1

Penn National Gaming Reports Second Quarter Revenues of $1,545.8 Million, Net Income of $198.7 Million, Adjusted EBITDAR of $586.6 Million, and Adjusted EBITDA of $470.1 Million - PENN Generated Second Quarter Net Income Margin of 13% and Second Quar

Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Justin Sebastiano Joseph N. Jaffoni, Richard Land Senior VP, Finance & Treasurer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Reports Second Quarter Revenues of $1,545.8 Million, Net Income of $198.7 Million, Adjusted EBITDAR of $586.6 Million, and Adjusted EBITDA of $470.1 Million - PENN Generated Second Quarter

August 5, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 5, 2021 PENN NATIONAL GAMING, INC.

August 5, 2021 EX-10.2

Restricted Stock Award Agreement by and between Jay Snowden and Penn National Gaming, Inc., dated as of April 12, 2021 is hereby incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021. (SEC File No. 000-24206)

Exhibit 10.2 PENN NATIONAL GAMING, INC. RESTRICTED STOCK AWARD AGREEMENT This RESTRICTED STOCK AWARD AGREEMENT (the ?Award Agreement?) represents the Award of Restricted Stock (the ?Award?), effective as of April 12, 2021, by Penn National Gaming, Inc., a Pennsylvania corporation (the ?Company?), to Jay Snowden (the ?Executive?). On April 12, 2021 (the ?Date of Grant?), the Executive was granted a

August 5, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-

August 5, 2021 EX-10.3

Restricted Stock Unit Award Agreement by and between Jay Snowden and Penn National Gaming, Inc., dated as of April 12, 2021 is hereby incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021. (SEC File No. 000-24206)

Exhibit 10.3 PENN NATIONAL GAMING, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT This RESTRICTED STOCK UNIT AWARD AGREEMENT (the ?Award Agreement?) represents the Award of Restricted Stock Units (the ?Award?), effective as of April 12, 2021, by Penn National Gaming, Inc., a Pennsylvania corporation (the ?Company?), to Jay Snowden (the ?Executive?). On April 12, 2021 (the ?Date of Grant?), the Executi

August 5, 2021 EX-99.2

Investor Presentation, dated August 5, 2021

Exhibit 99.2 PennNationalGaming?sAcquisition of Score Media and Gaming Creating North America?s Leading Digital Sports Content, Gaming and Technology Company All statements included in this presentation of Penn National Gaming, Inc. (?Penn National? or the ?Company?), other than historical information or statements of historical fact, are ?forward-looking statements? within the meaning of the Priv

July 1, 2021 EX-4.1

Indenture, dated as of July 1, 2021, between Penn National Gaming, Inc. and Wells Fargo Bank, National Association as Trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed July 1, 2021).

Exhibit 4.1 PENN NATIONAL GAMING, INC., and Wells Fargo Bank, National Association, as Trustee $400,000,000 4.125% SENIOR NOTES DUE 2029 INDENTURE Dated as of July 1, 2021 Table of Contents Page ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 41 Section 1.03 No Incorporation by Reference of Trust Indenture Act 41 Section 1.04 Rules of

July 1, 2021 8-K

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 1, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or Other Jurisdiction of Incorporation) (Commissi

July 1, 2021 EX-99.1

Penn National Gaming Closes Offering of 4.125% Senior Notes Due 2029

Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Justin Sebastiano Joseph N. Jaffoni, Richard Land Senior VP, Finance & Treasurer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Closes Offering of 4.125% Senior Notes Due 2029 Wyomissing, PA (July 1, 2021) - Penn National Gaming, Inc. (Nasdaq: PENN) (?Penn National? or the ?Company?) announced today that it has com

June 24, 2021 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 24, 2021 PENN NATIONAL GAMING, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-24206 23-2234473 (State or Other Jurisdiction of Incorporation) (Commiss

June 24, 2021 EX-99.1

Penn National Gaming Announces Proposed Private Offering of $400 Million Senior Notes - Provides Select Expected Preliminary Second Quarter Operating Results -

Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Justin Sebastiano Joseph N. Jaffoni, Richard Land Senior VP, Finance & Treasurer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Announces Proposed Private Offering of $400 Million Senior Notes - Provides Select Expected Preliminary Second Quarter Operating Results - WYOMISSING, PA (June 24, 2021) - Penn National Ga

June 21, 2021 EX-99.1

SECOND AMENDED AND RESTATED ARTICLES OF INCORPORATION PENN NATIONAL GAMING, INC.

Exhibit 99.1 SECOND AMENDED AND RESTATED ARTICLES OF INCORPORATION OF PENN NATIONAL GAMING, INC. Penn National Gaming, Inc. (hereinafter called the ?Corporation?), a corporation organized and existing under the laws of the State of Pennsylvania, does hereby certify as follows: FIRST: The Amended and Restated Articles of Incorporation of the Corporation was filed with the Pennsylvania Department of

June 21, 2021 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 17, 2021 Penn National Gaming, Inc.

June 11, 2021 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 9, 2021 Penn National Gaming, Inc.

June 8, 2021 EX-99.1

PENN NATIONAL GAMING NAMES VIMLA BLACK-GUPTA TO BOARD OF DIRECTORS Appointment Expands Size of Board to Nine Members; Ms. Black-Gupta Brings Significant Marketing Experience to Company’s Board

Exhibit 99.1 PENN NATIONAL GAMING NAMES VIMLA BLACK-GUPTA TO BOARD OF DIRECTORS Appointment Expands Size of Board to Nine Members; Ms. Black-Gupta Brings Significant Marketing Experience to Company?s Board WYOMISSING, PA (June 7, 2021) - Penn National Gaming, Inc. (Nasdaq: PENN) (?Penn National? or the ?Company?) announced today that the Company?s Board of Directors has appointed Vimla Black-Gupta

June 8, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 7, 2021 Penn National Gaming, Inc.

May 25, 2021 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registran

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Defin

May 6, 2021 EX-99.1

Penn National Gaming Reports First Quarter Revenues of $1.27 Billion, Net Income of $90.9 Million, Adjusted EBITDAR of $447.0 Million, and Adjusted EBITDA of $336.6 Million - PENN Generated First Quarter Net Income Margin of 7% and Record First Quart

Exhibit 99.1 NEWS ANNOUNCEMENT CONTACT: Justin Sebastiano Joseph N. Jaffoni, Richard Land Senior VP, Finance & Treasurer JCIR 610-373-2400 212-835-8500 or [email protected] FOR IMMEDIATE RELEASE Penn National Gaming Reports First Quarter Revenues of $1.27 Billion, Net Income of $90.9 Million, Adjusted EBITDAR of $447.0 Million, and Adjusted EBITDA of $336.6 Million - PENN Generated First Quarter Net I

May 6, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 6, 2021 PENN NATIONAL GAMING, INC.

May 6, 2021 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0

April 23, 2021 DEF 14A

Long Term Incentive Compensation Plan, is hereby incorporated by reference to Exhibit

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14

April 23, 2021 DEFA14A

- DEFA14A

DEFA14A 1 d123003ddefa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as

April 13, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 12, 2021 PENN NATIONAL GAMING, INC.

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