Tag Archives: barstool
US – PENN Entertainment completes buy out of Barstool Sports
PENN Entertainment has completed its previously announced acquisition of Barstool Sports, Inc. after previously acquiring a 36 per cent stake of Barstool Sports in February 2020. PENN has acquired the remaining interest in Barstool Sports for approximately $388m. The closing of the acquisition marks a major milestone for Barstool Sports as it celebrates its 20th…
US – Launch of Barstools sports books boost Penn National during ‘challenging year’
The launch of its Barstool branded retail sportsbooks has helped boost Penn National’s fourth quarter results during ‘one of the most challenging years’ in its history. For the fourth quarter ended December 31, 2020, Penn National generated revenues of $1,027.4m and Adjusted EBITDAR of $365.4m. Revenues and Adjusted EBITDAR were trending ahead of forecast before…
