Barstool Sports Penn National Gaming
- 2 days ago Penn National Gaming shares hit a new high on Thursday. The company's management was upbeat about its partnership with Barstool Sports despite missing earnings estimates. The Super Bowl this.
- 2 days ago Pennsylvania-based Penn National reported a profitable fourth quarter, initiatives with Barstool Sports and a casino in Maryland to recover from a wipeout year in 2020.
Following the test period, Penn National intends to officially launch the Barstool Sportsbook app in
Penn National Gaming CEO Jay Snowden on mobile sports betting and collaborating with Barstool Sports. Penn National Gaming CEO Jay Snowden told FOX Business' Liz Claman that the company plans to. Under the agreement, Penn National will be Barstool Sports’ exclusive gaming partner for up to 40 years and have the sole right to utilize the Barstool Sports brand for all of the Company’s online and retail sports betting and iCasino products.
“The Barstool Sportsbook app is the centerpiece of our Company’s omni-channel strategy,” said
“As the only gaming operator with a fully integrated sports media and entertainment partner, our customers will have the opportunity to engage with Dave, Big Cat and other Barstool fan favorites on our app – including betting with them, or fading their picks,” continued
The “soft launch” test period from
“I want to thank the PGCB and its staff for all their time and effort in reviewing and approving our app for this soft launch,” said
About
With the nation's largest and most diversified regional gaming footprint, including 41 properties across 19 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. The Company's properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including
About
Founded in 2003 by
Barstool Sports Penn National Gaming
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to, risks related to the following: (a) the magnitude and duration of the impact of the COVID-19 pandemic on capital markets, general economic conditions, unemployment, consumer spending and the Company’s liquidity, financial condition, supply chain, operations and personnel; (b) the launch of the Barstool Sportsbook app is subject to regulatory approvals and iOS app approval, which may be delayed; (c) the impact of significant competition from other companies for online sports betting; (d) the Company’s ability to achieve the expected financial returns related to its Barstool Sportsbook app; (e) the risk of failing to maintain the integrity of the Company’s information technology infrastructure and safeguard its business, employee and customer data in connection with the Company’s online sports betting; (f) the Company’s and its business partners’ ability to obtain various regulatory approvals required to own, develop and/or operate the Barstool Sportsbook app may be delayed or may not occur; and (g) other factors included in “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20200908005653/en/
General Media Inquiries:
Sr. Vice President, Public Affairs
610-373-2400
Penn National Gaming And Barstool
Investor Relations:
JCIR
212-835-8500 or penn@jcir.com
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