Penn National Gaming is set to acquire Hollywood Casino Perryville. This will allow Barstool sportsbook to operate in Maryland. The deal is for an estimated $31.1 million. PERRYVILLE, Md. – Maryland sports bettors will soon be able to take action with the popular Barstool sports … Read more
Penn National Gaming closes its common stock public offering and managed to raise $982.1 million. The process involved selling 16.1 million shares of common stock. The added funds will be used to accelerate the expansion of the Barstool Sportsbook app in multiple states. WYOMISSING, Pa. … Read more
Virginia will be able to see a legal sports betting industry launch as early as mid-January 2021, just in time for the NFL playoffs and the Super Bowl. The Virginia Lottery has a month to finalize the rules and regulations for the sports wagering market … Read more
Penn National has announced a soft launch of its upcoming Barstool Sportsbook in Pennsylvania on September 15. This comes following the Pennsylvania Gaming Control Board (PGCB) approving the launch of the app in the Keystone State. This soft launch is a test period, following which … Read more
Investment banking company Morgan Stanley has downgraded both DraftKings and Penn National. Thomas Allen cites investor’s expectations being too high as to why their growing value on the NASDAQ is happening. The company still predicts both DraftKings and Penn National’s value will increase. NEW YORK … Read more
Iowans picked up a taste for sports betting once major sports began opening up in July with reports showing $22.9 million wagered for the month. Of the $22.9 million, $2.2 million was made in revenue for the state having the bulk of activity done through … Read more
Massachusetts is looking to make sports betting legal by introducing a new bill, MA HB 4879 to the House on July 24. House Bill 4879 would make sportsbooks legal in MA for both mobile and retail outlets. The bill comes by way of an economic … Read more
Penn National has put 97% of its employees on unpaid leave as all 41 of their casinos nationwide have closed due to the Coronavirus. The casino operating giant is losing over $6 million a day while their businesses are shut down. PHILADELPHIA – Casino operator … Read more
Online sports bettors in Indiana have just been given two more sportsbooks to access for their betting needs. BetMGM and BetIndiana will be launching in the Hoosier State sometime in the near future. Internet and mobile sports betting applications have accounted for more than half … Read more
Kansas has a new sports betting bill to make the pastime legal, receiving its first hearing at the end of January. Under this bill, both retail and mobile sports wagers would be legalized. It’s estimated that over $50 million annually could be made in revenue … Read more
Michigan legislators voted to legalize sports betting in 2018 but were thwarted by Governor Rick Snyder The sports betting tax rate has been one of the biggest problems for legislators to agree upon. Michigan hopes to move forward with legalization before being left behind by … Read more
Penn National Gaming announced earlier this week that they formed strategic partnerships with DraftKings, PointsBet, theScore, and The Stars Group. Sportsbooks in Penn National’s Iowa and Indiana properties are expected to launch in time for the 2019 NFL season. Jay Snowden, President and Chief Operating … Read more