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Business
November 23, 2022
PENN Entertainment’s Barstool Sportsbook Goes Live in Maryland
November 23 marks the launch of the mobile betting market in Maryland. Just in time for the launch of the market, PENN Entertainment announced that its online sports betting product, Barstool Sportsbook launched for customers in the state. Barstool Sportsbook Introduces Exclusive Promotions The new launch further expands Barstool Sportsbook’s reach and delivers exclusive promotions […]
Business
November 3, 2022
Penn Entertainment Posts Strong Q3 Results
After announcing its Q2 2022 revenue went up 5.2% in Q2 2022 to $1.63 billion in Q2 2022 compared to $1.55 billion, Penn Entertainment has published its Q3 results. The report highlights $1.6 billion in revenue, signaling an 8% year-on-year increase compared to the same quarter in 2021. The company also recorded a net income […]
Industry
October 10, 2022
GLPI Bets on PENN’s Growth, Signs New Master Lease Agreement
Gaming & Leisure Properties, Inc. (GLPI) signed a new master lease agreement with PENN Entertainment covering seven of the casino operator’s gaming properties and offering an opportunity for the real estate investment trust (REIT) to benefit from PENN’s long-term growth. New Master Lease and Funding GLPI and PENN also agreed to a funding mechanism that […]
Casino
October 6, 2022
Kambi, PENN to Complete PENN’s Sportsbook Migration in 2024
Leading provider of sports betting technology solutions Kambi Group announced it has reached an agreement with PENN Entertainment over the migration of PENN’s online and retail sportsbook powered by Kambi to a PENN proprietary technology. Ongoing Share Revenue Payments to Continue According to the agreement reached between Kambi and PENN, the casino operator would effect […]
Industry
August 18, 2022
Penn to Acquire the Remainder of Barstool Sports
Penn National Gaming, now rebranded as Penn Entertainment, announced its intentions to buy out the remainder of Barstool Sports, one of its longtime partners. The former company already owns a significant part of Barstool Sports and is now looking to finalize the acquisition. Penn to Acquire Barstool Sports Penn Entertainment has been working together with […]
Industry
August 4, 2022
PENN Entertainment Posted Q2 2022 Results, Changed Name
Penn National Gaming released its report reflecting the company’s performance in the second quarter of the year and announced its new name, PENN Entertainment. Net Income Sank PENN reported $1.63 billion in revenue for the three months ended June 30, 2022, to post an increase of 5.2% compared to $1.55 billion in second quarter 2021 […]
Sports
July 26, 2022
TheScore Gets Its Own In-House Sports Betting Systems and Platforms
US-based Penn National Gaming has made a major announcement on behalf of its Canada-based subsidiary Score Digital Sports Ventures, which runs the sports betting and media app theScore, reporting that the Canadian company has launched its own internal risk and trading platform. In-house Technology Promotes New Product Offerings The newly launched risk and trading platform […]
Casino
July 11, 2022
Hollywood Casino at Charles Town West Virginia to Go Cashless
Hollywood Casino in Charles Town, West Virginia, was allowed by the state regulator to move forward with plans to go cashless, reported news outlet MetroNews. Pros and Cons The Hollywood Casino is aiming to go cashless as part of a broad strategy across casinos operated by Penn National Gaming under which the operator’s land-based gaming […]
Industry
June 30, 2022
BetMakers Signs Deal for Penn National’s Racing Content
Supplier of data, analytics and content to the horse racing industry BetMakers Technology Group signed a deal with Penn National Gaming to distribute the casino operator’s racing data and content for use in fixed odds, booked bets and exchange wagering services outside of the US and Canada. Add Content from Penn-Affiliated Racetracks The agreement with […]
Business
June 14, 2022
Former Penn National Employee Charged by USA SEC With Insider Trading
A former software engineer has caught SEC’s eye trading based on the company’s future acquisition plans. Insider Trading in Face of Acquisition The Securities and Exchange Commission (SEC) announced it is charging former director of backend architecture at Penn Interactive Ventures (PIV) David Roda, aged 36, with insider trading. Charges stem from the company’s acquisition […]