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Business
December 23, 2020
Penn National Launches Barstool Sportsbooks in Indiana and Michigan
Penn National will open three Barstool sportsbooks in Indiana and Michigan on Wednesday and Thursday, pending final state regulatory approvals. Three New Barstool-branded Locations Penn National Gaming will open three Barstool sportsbooks in three of its gaming properties in Indiana and Michigan over the next two days, pending final regulatory approvals. Customers of Detroit’s Greektown […]
Industry
November 30, 2020
Penn National Gaming Generates Strong $1.13 Billion Revenue
The company posted high third-quarter results, despite the ongoing social constraints and closures. Moving to cashless technologies in brick-and-mortar casinos, as well as the creation of a new growth channel are some of the highlights. The entertainment industry has been one of the most affected by Covid-19, which forced the shutdown of physical locations and […]
Business
November 23, 2020
Harper Ko Replaces Carl Sottosanti at Penn National Gaming
Casino operator Penn National Gaming (PNG) announced last week the company’s Executive Vice President, General Counsel and Secretary Carl Sottosanti would retire from his position effective December 31, 2020. To replace him, PNG is appointing Harper Ko, who will serve as Executive Vice President, Chief Legal Officer and Secretary, pending regulatory approvals. The New Addition […]
Business
April 21, 2020
Penn Assures Stakeholders Business Continuity Has Been Secured
Penn National Gaming issued a stakeholder letter to investors on Monday, updating them about the measures undertaken by the company to mitigate the significant risks generated by the ongoing situation with the spreading coronavirus. The Pennsylvania-based gaming operator Penn National was ranked among the casino operators that would not last long in case casino closure […]
Business
March 29, 2020
Penn National to Sell Tropicana, Furlough 26,000 Employees
As casino companies get hit one after another, Penn National Gaming is the latest sector player to announce drastic measures and proceed with the furloughing of 26,000 employees. Penn National Takes Tough Decisions Amid COVID-19 Crisis With the coronavirus pandemic taking on more threatening dimensions, the world is preparing to brace the economic impact the […]
Business
February 22, 2020
Barstool Sports Sells 36% Stake to Penn National for $163m
After four years of rapid expansion and an estimated monthly traffic of 10 million visitors, Barstool Sports turned the next chapter of its development story by signing a $163 million deal with Penn National Gaming. Barstool Sports Seals $163m Deal with Penn National Casino operator Penn National Gaming (PNG) has acquired a 36% stake in […]