Casino
December 23, 2022
Two Hollywood Casinos in Ohio Budge to Workers’ Demands
A historical deal was struck between the owners of Hollywood Casino Toledo and Hollywood Casino Columbus in Ohio and two trade unions Thursday, preventing casino employees from going on an immediate strike. New Four-Year Retroactive Agreement Penn Entertainment Inc. and representatives of the International Steelworkers and the United Auto Workers union reached a four-year agreement […]
Legal
December 19, 2022
Ohio May Seek to Fine Penn’s Barstool over “Betting Promo” Blooper
One of those is Barstool Sports, the sportsbook alter ego of Penn Entertainment, which could be slapped with a $250,000 fine by the Ohio Casino Control Commission. According to the regulator, Barstool Sports may have already violated state laws with regard to sports wagering. Ohio Gambling Regulator to Look into Penn’s Barstool Betting Blooper The […]
Casino
December 8, 2022
Penn’s Massachusetts License Uncertain Due to Responsible Gaming Concerns
Penn Entertainment, the newest owner of Barstool sportsbook, encountered difficulties during the license application process for its Plainridge Park Casino venue in Massachusetts. The state’s gambling commission conducted a thorough investigation sparked by a series of controversies connected to the operator. While the group was supposed to reach a consensus during its latest meeting, members […]
Business
November 30, 2022
Penn Entertainment Adds More HBCUs to Its Scholarship Program
Penn Entertainment announced on Tuesday the expansion of its Science, Technology, Engineering, and Mathematics (STEM) Scholarship Program which will include three Historically Black Colleges and Universities, to wit the Jackson State University in Mississippi, Prairie View A&M University in Texas, and Southern University and A&M College in Louisiana. More Educational Institutions Join Penn’s Initiative This […]
Business
November 23, 2022
PENN Entertainment’s Barstool Sportsbook Goes Live in Maryland
November 23 marks the launch of the mobile betting market in Maryland. Just in time for the launch of the market, PENN Entertainment announced that its online sports betting product, Barstool Sportsbook launched for customers in the state. Barstool Sportsbook Introduces Exclusive Promotions The new launch further expands Barstool Sportsbook’s reach and delivers exclusive promotions […]
Business
November 3, 2022
Penn Entertainment Posts Strong Q3 Results
After announcing its Q2 2022 revenue went up 5.2% in Q2 2022 to $1.63 billion in Q2 2022 compared to $1.55 billion, Penn Entertainment has published its Q3 results. The report highlights $1.6 billion in revenue, signaling an 8% year-on-year increase compared to the same quarter in 2021. The company also recorded a net income […]
Industry
October 10, 2022
GLPI Bets on PENN’s Growth, Signs New Master Lease Agreement
Gaming & Leisure Properties, Inc. (GLPI) signed a new master lease agreement with PENN Entertainment covering seven of the casino operator’s gaming properties and offering an opportunity for the real estate investment trust (REIT) to benefit from PENN’s long-term growth. New Master Lease and Funding GLPI and PENN also agreed to a funding mechanism that […]
Casino
October 6, 2022
Kambi, PENN to Complete PENN’s Sportsbook Migration in 2024
Leading provider of sports betting technology solutions Kambi Group announced it has reached an agreement with PENN Entertainment over the migration of PENN’s online and retail sportsbook powered by Kambi to a PENN proprietary technology. Ongoing Share Revenue Payments to Continue According to the agreement reached between Kambi and PENN, the casino operator would effect […]
Industry
August 18, 2022
Penn to Acquire the Remainder of Barstool Sports
Penn National Gaming, now rebranded as Penn Entertainment, announced its intentions to buy out the remainder of Barstool Sports, one of its longtime partners. The former company already owns a significant part of Barstool Sports and is now looking to finalize the acquisition. Penn to Acquire Barstool Sports Penn Entertainment has been working together with […]
Industry
August 4, 2022
PENN Entertainment Posted Q2 2022 Results, Changed Name
Penn National Gaming released its report reflecting the company’s performance in the second quarter of the year and announced its new name, PENN Entertainment. Net Income Sank PENN reported $1.63 billion in revenue for the three months ended June 30, 2022, to post an increase of 5.2% compared to $1.55 billion in second quarter 2021 […]