Barstool’s Portnoy Takes on Insider in Defamation Lawsuit
Barstool founder David Portnoy on Monday sued Insider for defamation, claiming the publication falsely accused him of sexual assault in two exposés on his life. The…
Penn National Gaming
Sports Betting Correction Sees Investors Shift as Market Matures
U.S. sports betting stocks have struggled for most of 2021. DraftKings (Nasdaq: DKNG), Penn National Gaming (Nasdaq: PENN) and PointsBet Holdings (OTC: PBTHF) are all…
Barstool Owner Ignores Net Gaming Revenues in $2B Score Purchase
Penn National Gaming recently announced that it has entered into a definitive agreement to buy Score Media and Gaming for around $2 billion ($34/share, +87% premium to…
Penn National Pays Premium for Score Media in Sports Betting Play
(This story has been corrected in the second paragraph to show that Penn National Gaming’s stake in Barstool was made at a valuation, and not a price, of $450…
Barstool Sports Arizona Bowl Narrows Gap Between Sportsbooks and Broadcasters
Sportico recently reported that Barstool Sports acquired the exclusive title sponsorship and broadcast distribution rights to the Arizona Bowl. It will be the first time…
FUBO Could Be a Target for Retail Investors Seeking Heavily Shorted Stocks
Over the last two weeks, an army of retail investors has banded together to “squeeze” institutional investors with short positions in GameStop Corp (GME). The retail…
Sports Betting Stocks Jump After One Election Certainty: Americans Want To Bet on Games
Penn National Gaming stock gained as much as 9% this morning. DraftKings shares were up as much as 8.5%, while MGM Resorts rose nearly 3%, part of a wider boost for…
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