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Casino
December 12, 2023
Penn Entertainment Begins M Resort Expansion with Groundbreaking
The move comes after Penn Entertainment confirmed its plans to put down an additional $850 million on various expansion moves, which will not only apply to the M Resort, but also cover other of the company’s properties outside Nevada. Penn Entertainment Gets Started with M Resort Expansion As to M Resort, Penn has earmarked $206 […]
Sports
November 30, 2023
NHL Selects PENN’s ESPN BET and theScore Bet Brands as Official Sports Betting Partners
PENN Entertainment unveiled a major new partnership deal with the National Hockey League (NHL). Under the deal, PENN’s ESPN BET brand in the United States and theScore Bet brand in Ontario will serve as official sports betting partners of the league. As the NHL’s official partners, ESPN BET and theScore Bet will receive access to […]
Casino
November 27, 2023
PENN Entertainment to Celebrate Construction of New Columbus Hotel
PENN Entertainment announced its plans to hold a “groundbreaking ceremony” that will celebrate the start of the construction of a new hotel at Hollywood Casino Columbus. The ceremony is set to take place tomorrow, November 28. Starting at 1 am ET, the ceremony will highlight PENN Entertainment’s excitement about the construction of the state-of-the-art property. […]
Sports
November 27, 2023
ESPN Bet Surpasses 1.1M Downloads in First Week
The newly rebranded sports gaming app owned by Penn Entertainment, ESPN Bet, announced its debut earlier this month. Launching in 17 US states, the sports betting app entered some major US markets, including Michigan, New Jersey and Pennsylvania, among others. The interest in ESPN Bet soared ever since its launch on November 14, 2023. In […]
Business
November 21, 2023
ESPN Bet Launch Propels Penn Entertainment’s Stock
Last week marked the debut of ESPN Bet, the newly rebranded sports gaming app owned by Penn Entertainment. The new sports gambling app launched for 17 US states, entering important markets such as New Jersey, Pennsylvania, Colorado, Iowa, Maryland and Michigan, among others. The latest launch comes after a $1.5 billion deal announced between Penn […]
Sports
October 11, 2023
Penn Entertainment and ESPN Executives Share Insights on ESPN Bet Launch
Penn Entertainment and ESPN executives met with Truist Securities analyst Barry Jonas at the Global Gaming Expo in Las Vegas, providing insights into the imminent launch of ESPN Bet in November. ESPN Commits Long-term to Sports Betting, Shies Away from iGaming At the meeting, ESPN’s Vice President of Sports Betting & Fantasy, Mike Morrison, assured […]
Sports
October 3, 2023
Massachusetts Prepares for ESPN BET Launch Amidst PENN Rebranding Efforts
Massachusetts is abuzz with anticipation as ESPN BET, the rebranded version of Barstool Sportsbook by PENN Entertainment, prepares to make its grand entry into the state’s sports betting scene this November. PENN Entertainment Assures Massachusetts Regulators of Smooth Transition to ESPN BET During a recent meeting with the Massachusetts Gaming Commission, PENN Entertainment executives assured […]
Industry
August 21, 2023
Barstool’s Dave Portnoy Emerges as a Leading Figure after Post-ESPN Triumph
Portnoy’s repurchase of Barstool Sports from Penn National for a nominal sum underscored his keen business acumen and determination to steer the trajectory of the media company he had founded. Now back in charge, Portnoy can leverage his name and leadership skills to lead Barstool without interference, securing his position as one of the industry’s […]
Sports
August 11, 2023
Portnoy Repurchases Barstool for $1 After Penn Entertainment’s ESPN Deal
Dave Portnoy, the controversial founder of Barstool Sports, has repurchased the media brand from Penn Entertainment for a mere dollar, according to a regulatory filing published on August 16. Penn Entertainment Faces $850M Loss from Barstool Buyback Penn Entertainment initially acquired a 36% stake in Barstool for $163 million in 2019, with a subsequent investment […]
Business
August 10, 2023
Penn Entertainment Sees Q2 Revenue Surge Amid Transformative ESPN Agreement
The entertainment giant reported revenues of $1.67 billion for the quarter, with a net income of $78.1 million, marking a substantial improvement from the $26.1 million recorded during the same period in the prior year. PENN Entertainment’s Q2 Earnings Call Centers on ESPN Partnership and Barstool Divestiture Despite these promising figures, the company’s Q2 earnings […]
