Penn National Gaming Changes Name, Makes Recession Plans
Penn Entertainment still plans to be profitable by year’s end and will acquire the rest of Barstool Sportsbook.
Penn Entertainment still plans to be profitable by year’s end and will acquire the rest of Barstool Sportsbook.
SEC alleges a former software engineer used advanced knowledge of Penn National’s acquisition of Score Media to make more than $560k in illegal profits. His friend also got busted in the scheme.
Future looking strong for PNG. Downloads in Canada of theScore Bet were solidly ahead of the competition. Company’s market share in US markets is stabilizing.
Australian bookmaker and NBC Sports official sports betting partner, PointsBet is soft launching this week and should be fully live in time for Super Bowl LVI with valuable promos.
PNG reports $1.6 billion in revenue for Q4 2021, $5.9 billion for full year. Sportsbook and casino launches in Maryland, Ohio, and Ontario coming.
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