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Industry
November 11, 2021
Pennsylvania Gaming Watchdog Approves Four Fines Totaling $150K
Earlier this week, the gambling watchdog in Pennsylvania approved multiple fines against operators in the state. As a result, operators were fined $150,000 in total. PGCB Approves Fines for $150,000 Pennsylvania’s gaming watchdog, the Pennsylvania Gaming Control Board (PGCB), approved fines against three operators in the state totaling $150,000. Penn National, the operator that has […]
Business
November 5, 2021
Penn National Stock Falls After Damaging Dave Portnoy Report
Penn National Gaming plunged 21% Thursday after it fell short of earnings estimates. However, that wasn’t the only reason. Business Insider published allegations of sexual misconduct against Dave Portnoy, the founder of Barstool Sports, of which Penn owns a significant piece Penn National PR Team Working Overtime Penn operates racetracks and casinos. It also owns […]
Business
October 13, 2021
Score Media and Gaming Shareholders Approved $2B Acquisition
The operator of theScore sports betting, media and technology brand, Score Media and Gaming, announced that the special meeting of the company’s shareholders approved the previously announced acquisition by Penn National Gaming (PNG). Shareholder Approval Shareholders at theScore overwhelmingly voted in favor of the proposed $2-billion cash plus stock acquisition deal through a Plan of […]
Casino
October 7, 2021
Evolution Adds Dedicated Barstool Live Casino in New Jersey
Evolution has revealed the launch of its new studio area in New Jersey which will exclusively serve Penn Interactive, a company owned by Penn National Gaming, Inc, and the Barstool Sportsbook brand Penn acquired. The launch will scale the live game supplier’s production capabilities and deliver on new live casino experiences in the Garden States […]
Legal
October 6, 2021
Penn Agreed to Settle Responsible Gambling Claims in Indiana
Penn National Gaming and the Indiana Gaming Commission (IGC) agreed to a settlement related to responsible gambling violations made by the casino operator earlier this year. Blank Terms and Conditions The settlement ordered by the IGC on September 29 involves a financial sanction of $12,500 for two occasions on which Penn National’s Barstool Sportsbook brand […]
Industry
August 24, 2021
FanDuel, Penn National Approved for Sports Betting in Arizona
Arizona’s sports betting market is continuing to take shape. The latest operators to receive the green light to launch in the state are FanDuel and Penn National Gaming, both of which reportedly received their approvals late last week. FanDuel will introduce sports betting and daily fantasy sports (DFS), while Penn National will focus only on […]
Business
August 5, 2021
Penn National Gaming Set for $2bn theScore Acquisition
Penn National Gaming revealed today it entered into a definitive agreement for the acquisition of Score Media and Gaming in a cash plus stock deal worth approximately $2 billion. 50% Cash, 50% Common Stock Penn announced the agreement for the acquisition of theScore, a leading digital media, sports betting, and technology company, values each theScore share at $17.00 in cash plus 0.2398 shares […]
Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Casino
June 14, 2021
Penn National Ready to Bring Barstool Sportsbook to a Pennsylvania Casino
Pennsylvania’s sports gambling market has been relatively successful, despite the COVID-19 pandemic, and Penn National Gaming is going to make sure it gets a significant piece of the action. The gaming operator is bringing a physical Barstool Sportsbook to the state, with the first branded property expected to be launched later this year. Barstool at […]
Business
May 28, 2021
Penn National Returns to Maryland Ahead of Sports Gambling Launch in the State
Penn National Gaming can now brag about having a domestic US footprint that spans 20 jurisdictions. The casino operator has been negotiating the purchase of Maryland’s Hollywood Casino Perryville from Gaming and Leisure Properties (GLPI) since late last year and received word yesterday that the deal had been approved. The Maryland Lottery and Gaming Control […]