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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…