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Casino owner PENN Entertainment has dropped Barstool, the sports website, agreeing to a $2 billion dollar deal with ESPN to create ESPN Bet.
On 11 February 2024, Barstool Sports and DraftKings finalized a multi-year sports betting media partnership, following the conclusion of the Super Bowl and the termination of Barstool's previous non-compete clause with PENN Entertainment. This deal, celebrated by Barstool's founder Dave Portnoy on social media, kicked off with a live-streamed ...
Starting in the fall, Penn's online mobile sports book, formerly called the Barstool Sportsbook, will be named ESPN Bet. Penn initially took a 36% stake in Barstool for $163 million back in 2019.
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and ...
By 2023, Barstool Sportsbook offered mobile betting in 17 states, [6] and Penn had acquired the remaining stakes in Barstool from founder David Portnoy and The Chernin Group for $388 million. Some of Penn Entertainment's casinos also constructed or rebranded their sportsbooks under the Barstool Sportsbook banner, with 19 locations by 2023. [7] [8]
After more than seven years at the helm of Barstool Sports — and in the wake of the company’s ill-fated sale in 2023 — Erika Ayers Badan announced Tuesday that she is stepping down as CEO.
Penn spent $550 million to acquire Barstool Sports only to sell it back to its founder Dave Portnoy for $1 last year. Penn also acquired Canada's Score Media and Gaming for $2.1 billion in 2021.
Occupation (s) Sports executive, public speaker and podcast host. Known for. First CEO of Barstool Sports. Children. 2. Erika Ayers Badan (formerly Nardini; born November 6, 1975) [1] is an American businesswoman and CEO of Food52. [2] Ayers served as the first CEO of Barstool Sports from 2016 to 2024.
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