HG Vora sues Penn over reduction in board seats up for election

PENN Entertainment plans to increase its lobbying activity in Texas after the US midterm elections, chief executive Jay Snowden said during the company’s third-quarter earnings call. He said the company was prepared to expand its presence as legalisation discussions develop, but election results do not ensure legislation will advance. Texas would need a constitutional amendment approved by two-thirds of both legislative chambers and then a statewide vote to legalise casino gambling or sports betting.

PENN Entertainment intends to intensify its Texas lobbying after the U.S. midterm elections, chief executive Jay Snowden said. The company was also prepared to expand its presence as gambling legalisation talks progress, following decades of investment in the state.