EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Violations of Securities Laws by Certain Officers and Directors of Penn National Gaming, Inc.

New York, New York--(Newsfile Corp. - November 10, 2021) - Levi & Korsinsky notifies investors that it has commenced an investigation of Penn National Gaming, Inc. ("Penn" or the "Company") (NASDAQ: PENN) concerning possible violations of federal securities laws and/or breaches of fiduciary duty.

On November 4, 2021, an article published by Business Insider reported allegations of extensive sexual misconduct against David Portnoy, the founder of Penn National's partially owned affiliate Barstool Sports. That same day, Penn National disclosed disappointing financial results for the third quarter of 2021. Following the article and the 3Q21 results, Penn National's stock price fell over 20%, and J.P. Morgan published a note revising its year-end 2022 target price for PENN stocks and expressing concern about "potential fallout" from similar articles.

If you lost money on your investment in Penn National, visit the link below for more information:

https://www.zlk.com/pslra-1/penn-national-gaming-inc-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm's Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services' ("ISS") SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs' securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102821