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Penn Entertainment To Increase Stake In Barstool Sports To 100%

August 25, 2022 | By: Joshua Buckley

Barstool Sports will soon become a wholly-owned subsidiary of Penn Entertainment. The transaction, expected to be completed in February, will see the latter exercise its contractual right to acquire the remaining shares of Barstool. Penn Entertainment (still known as Penn National Gaming at the time) first invested in Barstool in 2020. It acquired a 36% […]

Kansas Sports Betting Takes the Field on Sept. 8, Start of NFL Season

August 18, 2022 | By: Heather Fletcher

In theory, Kansas sports betting may have nearly 6 million possible wagerers. Online sportsbook operators call a more scientific version of that “total addressable market (TAM),” and the term will be relevant when sports betting officially launches on Sept. 8, the same day the NFL season begins. Soft launches, or testing the apps with limited times […]

FanDuel Gets the Tiniest of Toeholds in Nevada

August 11, 2022 | By: Alex Weldon

Ironically, the US state best known for gambling is also a tough nut to crack for modern online gambling companies. Nevada’s economy depends heavily on the long-standing retail casino business in Las Vegas and, to a lesser extent, Reno. There’s a lot of resistance to anything that would disrupt that. And for all its virtues, […]

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