Thank you for standing by, welcome to the PENN Entertainment annual shareholder meeting. I will now turn the call over to CEO, President, and board member, Mr. Jay Snowden. Please go ahead. Good morning, everyone, thank you for attending PENN's annual meeting of shareholders. I am Jay Snowden, PENN Entertainment's CEO and President, and a member of the board. It is my privilege to call to order our 2026 annual meeting of shareholders. I will serve as the presiding officer for the meeting, which is being held via a live interactive webcast so that our shareholders may attend, ask questions, and vote from around the world. I am joined today by members of PENN's management team, including Chris Rogers, PENN's Executive Vice President, Chief Strategy and Legal Officer, and Secretary. Chris will serve as Secretary for today's meeting. In addition, PENN's directors are also in attendance. Turning to the business of the meeting, Chris, would you please review the meeting mechanics and matters to be voted on today? Thank you, Jay. The meeting mechanics are as follows. Shareholders could submit questions before the meeting and up until this point. We will now close the submission window, we will address those questions that adhere to the rules of conduct during the Q&A portion of the meeting. Answers to any appropriate questions that we are unable to respond to during the meeting will be posted on our investor relations website as soon as practicable after the meeting and will remain posted for one week from that point. As of March 27th, 2026, the record date set for this annual meeting of shareholders, 133,705,284 shares of PENN common stock were outstanding. A representative from First Coast Results was appointed as the Judge of Elections for this meeting. I've been advised by the Judge of Elections that a quorum is present. The polls for voting are open. If you have already voted, whether by mail, phone, or online, you do not need to vote again. However, if you have not yet voted or you would like to change your previous vote, you may do so now by clicking on Meeting Ballot under the Meeting Material section of this webcast screen. The polls will remain open until the conclusion of the Q&A period of the meeting. The meeting agenda is shown at the top of the webcast screen. The meeting rules of conduct are available at the bottom right of the screen. The meeting will be conducted in accordance with the agenda and the rules of conduct. I have delivered the affidavit of distribution affirming the mailing of the notice, if applicable, the proxy statement and proxy card to each shareholder of record as of March 27th, 2026, the record date. Accordingly, this annual meeting is deemed duly called, and this notice of this annual meeting is deemed properly given to our shareholders in accordance with the applicable provisions of our bylaws and applicable law. I will now review the five matters to be voted on. The first proposal is the election of the following four Class 3 director nominees to serve until our annual meeting held in 2029 and until the respective successors are duly elected and qualified. Marla Kaplowitz, Jane Scaccetti, Fabio Schiavolin, and Jay Snowden. Additional detail on the board-elected director nominees are listed in the proxy statement. The board recommends a vote for the election of each of the Class 3 director nominees. The second proposal is a ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year of 2026. The board recommends a vote for this proposal. Joining us today is David Johnson, PwC's 2026 engagement partner for PENN Entertainment. He has indicated that he does not wish to make a statement during today's meeting, but he will be available to answer questions during the Q&A period. Thank you, David, for joining us. The third proposal is an advisory vote to approve the fiscal 2025 compensation of our named executive officers as disclosed in the proxy statement and to approve the corresponding resolution in the proxy statement related to this proposal. The board recommends a vote for this proposal for the detailed reasons set out in our proxy statement. The fourth proposal is a third amendment to our 2022 long-term incentive compensation plan, as disclosed in the proxy statement. The board recommends a vote for this proposal. The fifth and final proposal is a non-binding shareholder proposal requesting the annual election of directors. The board recommends a vote against this proposal for the reasons set forth in our proxy statement. We will now play a prerecorded presentation by Michael Hachey, Gaming Industry Research Director for UNITE HERE, to present the non-binding shareholder proposal requesting the annual election of directors. Fellow PENN Entertainment shareholders and members of the board, my name is Michael Hachey. I serve as Director of Gaming Industry Research at UNITE HERE. I am here to present Proposal Five, which asks PENN to take the necessary steps to declassify its board and move to annual elections for all directors. The ability to elect directors is the most consequential use of the shareholder franchise. It empowers shareholders to evaluate and hold a board accountable. Today, under PENN's current classified board structure, directors are elected to staggered three-year terms. This means shareholders do not have the opportunity to evaluate each director annually. Proposal Five would move PENN towards a simple mainstream standard of public company governance, annual elections for all directors. Shareholders have been here before. A majority of PENN shareholders supported declassification in 2010. Yet, years later, the classified structure remains. Board accountability is especially important today as PENN navigates a period of consequential change, including disruption from prediction markets. The growth of online gaming and gray market activity, all against the backdrop of accelerating industry consolidation. This makes shareholders' ability to evaluate company oversight even more critical as PENN continues to reposition in the current environment. Recent history demonstrates why annual accountability matters. Shareholders witnessed PENN commit substantial capital, management attention, and strategic credibility to online sports betting partnerships that were later terminated. At a company facing strategic transition, competitive disruption, and the consequences of costly strategic missteps, shareholders should not have to wait three years to hold every director accountable. The board argues that PENN's regulatory environment and regional footprint make annual elections impractical. That argument is unconvincing when viewed against the practices of major peers in the gaming industry that maintain annual elections, as we detailed in our April 30th letter to shareholders. This Proposal is non-binding and reasonable in its scope. It respects Pennsylvania law, PENN's governing documents, and applicable gaming regulatory requirements. Proposal five asks the board to align PENN's governance with a basic principle: accountability should be regular, direct, and meaningful. I encourage my fellow shareholders to vote for Proposal five as a clear, rational, and needed step towards stronger oversight and better alignment between PENN's board and its investors. Thank you. Thank you, Mr. Hachey. No other Proposals or business were properly submitted for consideration at this meeting, therefore, the Proposals presented are the only ones before the meeting. With that, I turn it back over to you, Jay. Thanks, Chris. Now I'd like to move to the Q&A portion of the meeting, and we will answer questions that have been submitted. We have allotted up to 10 minutes to address any questions relating to the Proposals one through five. Chris, have we received any pertinent questions to these Proposals? There were no pertinent questions submitted by shareholders on these proposals. Thank you, Chris. With that, I call an end to the Q&A portion of today's meeting and declare the polls closed. We will now announce the preliminary voting results for each of the proposals. Chris, please announce the results. The Judges of Elections has notified me of the following preliminary voting results. On proposal one, each of the class three director nominees has been duly elected to serve until the 2029 annual meeting. On proposal two, the appointment of PwC as the company's independent registered accounting firm for fiscal 2026 has been ratified. On proposal three, the fiscal year 2025 compensation of our named executive officers has been approved on an advisory basis. On proposal four, the third amendment to our 2022 long-term incentive compensation plan has been approved. On proposal five, the advisory vote on a shareholder proposal requesting the annual election of directors has been approved on an advisory basis. The final voting results will be disclosed in a current report on Form 8-K and filed with the Securities and Exchange Commission within four business days. Thank you, Chris. That concludes the business of this meeting. The meeting is now adjourned. Thank you all very much for attending and talk soon. Again, this concludes today's meeting. You may now disconnect.