UNITE HERE is urging shareholders of PENN Entertainment to support a proposal for declassifying the Board of Directors, which would allow for annual elections of all directors at the upcoming annual general meeting scheduled for June 16, 2026.

The call for declassifying the Board of Directors at PENN Entertainment is significant as it reflects a broader trend in corporate governance favoring transparency and accountability.

UNITE HERE, a labor union representing hospitality workers, emphasizes that annual elections for directors are increasingly becoming the norm as shareholder expectations evolve. The last time shareholders expressed support for this change was in 2010, yet the board has not acted on it, which may indicate a disconnect between the board’s governance practices and shareholder preferences.

PENN Entertainment, a diversified gaming and racing company, operates 42 properties across 20 states, including well-known brands like Hollywood Casino and Ameristar.

The company generated approximately $7.07 billion in revenue in 2025, with a significant portion coming from land-based casinos. As the gaming industry evolves with the rise of internet gaming and emerging markets, adapting governance practices to align with shareholder interests could be crucial for long-term value creation.