Analysis: Who Will Win Third Place In US Sports Betting Market?
LSR analyzes who will emerge from BetMGM, Barstool Sportsbook and Caesars/William Hill to take third place in the US sports betting market. Read More
Posted on: December 2, 2020 |
Massachusetts Sports Betting Again Rejected By Senate
The chances of Massachusetts even addressing sports betting this year, let alone legalizing, appear much longer after the Senate‘s budget decisions this week. The Senate again rejected the addition of sports betting to its fiscal 2021 budget proposal, which is months overdue. Sen. Bruce Tarr submitted an amendment legalizing sports wagering, just as he did […] Read More
Posted on: November 19, 2020 |
LSR Q&A: 888 On The Hunt For The Next Barstool Deal
LSR sits down with 888’s US chief Yaniv Sherman to discuss media partnerships and how to handicap the US sports betting race. Read More
Posted on: November 5, 2020 |
Portnoy On Barstool Sportsbook And Penn: ‘They Answer to Jay And They Answer To Me’
Barstool founder Dave Portnoy says he is the most improtant person at Penn and Barstool, and Penn employees should treat him like the CEO. Read More
Posted on: October 13, 2020 |
Barstool Sportsbook Parent Joins Sports Betting Cash Race
Another day, another sportsbook operator getting nearly $1 billion from the public markets. This time, it’s newcomer Barstool Sportsbook. Penn National sold 16.1 million shares at $61 each to raise $982.1 million in gross proceeds. The regional casino operator used standard language in its SEC Form 8-K detailing the transaction, stating general corporate purposes that […] Read More
Posted on: October 1, 2020 |
Did FanDuel Pass On Barstool Sportsbook Before Penn National Deal?
Barstool founder Dave Portnoy says a tie-up between Penn and FanDuel is still on the table and would mean "the end of the market". Read More
Posted on: September 29, 2020 |
How Much Was Bet At Barstool Sportsbook In PA On Opening Weekend?
The Barstool Sportsbook took $11 million in handle on its first weekend live in PA, with around 12,000 first-time depositors. Read More
Posted on: September 25, 2020 |
‘Haters’, ‘Critics’ Welcome Barstool Sportsbook To PA Sports Betting Market
The anticipated launch of Barstool Sportsbook formally occurs Friday as the company’s PA sports betting app is available for download. Penn National Gaming partnered in January with Barstool Sports to serve as its primary US sports betting brand. Pennsylvania becomes the first state with the reskinned Kambi app in time for Week 2 of NFL […] Read More
Posted on: September 18, 2020 |
Analyst: Penn National Stock Could Hit $200 Thanks To Barstool Sportsbook
Craig-Hallum analyst Ryan Sigdahl initiated coverage of Penn National Gaming on Tuesday with a street-high $75 price target thanks to its online sports betting potential with Barstool Sportsbook. Read More
Posted on: September 1, 2020 |
Our View: Penn National Should Hold Itself Accountable On Barstool Sports
Penn National will not save Barstool Sports from itself. It can’t. Only the willing can rehabilitate. It shouldn’t. They’re partners, not parents. What Penn National can and should do, however, is stop trying to bleach its chosen sports betting brand. It’s time to own your investment in a media company laden with racist, misogynistic, xenophobic […] Read More
Posted on: August 18, 2020 |