On May 31, 2024, The Donerail Group LP announced that it has sent an open letter to PENN Entertainment Inc board of directors, stating that it believes the Company?s misguided interactive strategy and poor capital allocation have destroyed shareholder value, resulting in the Company trading at a discount to its intrinsic value, and highlights management?s track record of failed deals, including the headline-generating barstool sports sale for $1. In addition, the Donerail Group questioned the Board?s decision to reward CEO Jay Snowden with excessive compensation of nearly $100M despite significant financial underperformance and stock price declines and contends the Company Could fetch up to double its current trading price in the event of a sale.