PENN ENTERTAINMENT, INC. Item 8.01 Other Events
As previously disclosed, on
Forward Looking Statements
This Current Report on Form 8-K contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements can be identified by the use of forward-looking terminology such as
"expects," "believes," "estimates," "projects," "intends," "plans," "goal,"
"seeks," "may," "will," "should," or "anticipates" or the negative or other
variations of these or similar words, or by discussions of future events,
strategies or risks and uncertainties. Such statements are all subject to risks,
uncertainties and changes in circumstances that could significantly affect the
Company's future financial results and business. Accordingly, the Company
cautions that the forward-looking statements contained herein are qualified by
important factors that could cause actual results to differ materially from
those reflected by such statements. Such factors include, but are not limited
to: (a) the magnitude and duration of the impact of the COVID-19 pandemic on
general economic conditions, capital markets, unemployment, consumer spending
and the Company's liquidity, financial condition, supply chain, operations and
personnel; (b) the Company may not be able to achieve the anticipated financial
returns from the acquisition of theScore, including due to fees, costs and taxes
in connection with the integration of theScore and expansion of its betting and
content platform; (c) the closing of the acquisition of theScore may be delayed
or may not occur at all, for reasons beyond the Company's control; (d) the
requirement to satisfy the closing conditions in the agreement with theScore,
including receipt of regulatory approvals and the approval of shareholders of
theScore; (e) there is significant competition in the interactive gaming market;
(f) potential adverse reactions or changes to business or regulatory
relationships resulting from the announcement or completion of the acquisition;
(g) the ability of the Company or theScore to retain and hire key personnel; (h)
the occurrence of any event, change or other circumstances that could give rise
to the right of one or both of the Company and theScore to terminate the
agreement between the companies; (i) the outcome of any legal proceedings that
may be instituted against the Company, theScore or their respective directors,
officers or employees; (j) the impact of new or changes in current laws,
regulations, rules or other industry standards; and (k) other factors as
discussed in the Company's Annual Report on Form 10-K for the year ended
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