Tag: shareholders

Penn Entertainment’s shareholders have finally rallied and decided to slash the remuneration package of CEO Jay Snowden this year, with the cap now set at a maximum of $17.4 million from previously $25.3 million.  Penn Entertainment’s Boss Payment Now Restricted to $17.4M As the brand continues to recalibrate and readjust, shareholders have voted in droves

The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche convertible note and subordinated

PointsBet seems to be ready to move forward with MIXI Australia’s acquisition proposal, despite Betr Entertainment’s decision to vote against the deal. The latter company, which owns a 19.9% stake in the Australian sportsbook, later alleged that PointsBet excluded its vote and demanded a recount. MIXI and Betr Sought to Acquire PointsBet PointsBet had been

Leading US gaming operator PENN Entertainment has experienced a milestone shift in corporate governance following a dramatic shareholder mobilization that has outlined growing concerns. In the recent election at the company’s 2025 Annual Meeting of Shareholders, the two director nominees, Johnny Hartnett and Carlos Ruisanchez, backed by the activist investor HG Vora Capital Management, secured