New sexual misconduct allegations against Barstool Sportsbook founder Dave Portnoy hung over Thursday’s Penn National earnings call. Barstool Sportsbook is the chosen brand of Penn for its US sports betting rollout. Penn CEO Jay Snowden prefaced his prepared statement with comments about Portnoy. Portnoy statement from Snowden “I thought before I get into prepared remarks […] Read More
Barstool founder Dave Portnoy told his 6.7 million social media followers to help get a Florida sports betting question on the ballot in November. Read More
Penn National CEO Jay Snowden took the unconventional approach of telling investors no one will make money from NY sports betting. That is a bit of an unusual approach for a public company that bid for entry, especially one whose investors already showed disappointment over missed earnings per share forecasts. Penn’s stock was down nearly […] Read More
Fanatics has assembled a well-regarded exec team for its push into sports betting, but is a large customer database enough to secure success? Read More
There was one central topic on the minds of Tennessee sportsbooks at Tuesday’s hearing on proposed rule changes: mandatory hold. The Sports Wagering Advisory Committee proposed a few changes because it has to promulgate its own rules as part of the process to take over as regulator. One of those proposed changes includes reviewing the […] Read More
Penn National paid a $10,000 settlement in Indiana over a “questionable” TikTok video about gambling losses posted by Barstool Sports. Per an Indiana Gaming Commission (IGC) notice last week, Penn self-reported the video in question back in March. The Commission said the video in question breached its marketing regulations, specifically around “false and misleading advertising.” According to […] Read More