Penn Entertainment Updates Bylaws Following Colorado Gaming License Condition

Reuters12-11
Penn Entertainment Updates Bylaws Following Colorado Gaming License Condition

Penn Entertainment Inc. has amended its bylaws following a new condition added by the Colorado Limited Gaming Control Commission to the gaming license of its subsidiary, Ameristar Casino Black Hawk, LLC. The amendments restrict investors from acquiring or exercising control or influence over Penn or Ameristar without prior approval from the Commission, particularly regarding actions that could affect management, operations, or strategic direction. The updated bylaws address these requirements in relation to director nominations and shareholder proposals.

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