SectorWire
SearchGet the daily briefing
Menu

Nevada Gaming Control Board recommends three-year suitability finding for HG Vora manager

Licences & markets

Nevada Gaming Control Board members recommended that the Nevada Gaming Commission grant Parag Vora a limited three-year finding of suitability after a hearing about HG Vora Capital Management’s investment in PENN Entertainment. The 2-1 recommendation includes monthly reporting on certain contacts with Nevada licence holders and a $50,000 fund for regulatory monitoring expenses; Vora accepted the conditions.

The recommendation sets reporting and monitoring obligations for an investor active in a Nevada gaming licensee.

Related company prices

Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

Connections

Request a correction

Keep reading

Licences & markets

Nevada Gaming Control Board approves William Hill licences for three Terrible’s sites

The Nevada Gaming Control Board unanimously granted preliminary approval for nonrestricted gaming licences covering William Hill race and sports wagering at three Terrible’s properties in Indian Springs, Carlin and Searchlight. The Nevada Gaming Commission is expected to consider the applications on 19 November; the approvals remain subject to conditions, including surveillance inspections and an approved reserve agreement before wagering begins.

The Nevada Gaming Control Board (NGCB) unanimously approved nonrestricted gaming licences for off-track parimutuel race and sports wagering at three Terrible’s properties, in Indian Springs, Carlin and Searchlight. The approval is preliminary and relates to a partnership between Terrible’s casinos and William Hill, a subsidiary of Caesars Entertainment.

Continue reading