HG Vora Capital Management, one of the top shareholders in Penn Entertainment, has requested rights to appoint directors to the board of the casino operator, the hedge fund said in a filing on Thursday. HG Vora, run by former Goldman Sachs banker Parag Vora, currently holds an economic interest of 18.5% including swaps in Penn Entertainment. Penn’s stock is significantly undervalued, HG Vora said, adding it has had discussions with the company’s management on a range of topics focused on enhancing shareholder value . Penn Entertainment did not immediately respond to a Reuters request for comment. Shares of Penn Entertainment have…
