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Penn Entertainment To Increase Stake In Barstool Sports To 100%
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% […]
Penn National Employee Charged with Insider Trading
Amateur criminals often find that they’d have been better off leaving things to the professionals. In what may prove to be an example of that, the Securities and Exchange Commission (SEC) recently charged a Penn National Gaming employee with insider trading. Earlier this month, the SEC alleged that David Roda, 36, and a childhood friend […]
Hollywood Casino Morgantown Becomes Newest Casino In Pennsylvania
Penn National Gaming has opened a Hollywood Casino location in Morgantown, Pennsylvania. Hollywood Casino Morgantown features both casino gaming and sports betting, and it’s the fourth of its kind for Penn National in the state. The new facility, which reportedly had a price tag of $111 million, is located on a 36-acre property that sits […]
Stoolies Struggle Is Barstool Sportsbook’s Path To Dominance
Barstool Sportsbook holds a major feather in their cap for the month of December, but they may not want you to know it. Penn National Gaming (36% stakeholder of Barstool Sports) put forward a fantastic $13 million in total sportsbook revenue for the month of December in Pennsylvania. This is more than DraftKings and FanDuel […]
Penn National Inc. and Barstool Sportsbook Prepare For A Huge 2021
Penn National Inc. agreed to acquire Hollywood Casino in Perryville, Maryland on Tuesday. The $31.1 million deal will allow Penn National to launch its Barstool Sportsbook in another state in 2021. This a crucial purchase for PENN as the company prepares for legalized sports betting in Maryland. On November’s election day, Maryland voters overwhelmingly approved […]
How Barstool Sportsbook Dominated App Store Rankings In Its First Week
Sports betting exploded after the Supreme Court legalized it in 2018. Newly unencumbered by federal law, states subsequently created multi-million dollar sports betting industries within months. Accordingly, sportsbook apps became fixtures near the top of the Apple App Store’s charts. Some of them even rose to the very top of the rankings. In late S/sports-bettingeptember, […]
Penn National Shoots For the Moon With Barstool Sportsbook Launch
The long-awaited, Barstool Sportsbook will take its first bets in Pennsylvania this week drawing plenty of buzz across the industry. Their sportsbook will officially soft launch on Friday, Sept. 18, garnering excitement from investors and players alike. Earlier in the week, fans were able to download the app but that is where the product stopped. […]