
Penn Entertainment
Casino and online gambling operator, formerly Penn National Gaming
- Entries
- 4
- On the record
- 1
- Stories
- 1
- Latest entry
- Aug 9, 2023
Every entry, newest first
- Filed
Penn's 10-Q, per Variety, listed $1.00 consideration and a $800M-$850M pre-tax non-cash loss on the Barstool disposal. Penn paid $550M for Barstool, sold it to Dave Portnoy for $1
- Reported
Penn's release said it sold 100% of Barstool common stock to Dave Portnoy for covenants, keeping 50% of any resale proceeds. Penn paid $550M for Barstool, sold it to Dave Portnoy for $1
- Reported
AP reported Penn paid about $388M for the remaining stake in Barstool Sports. Penn paid $550M for Barstool, sold it to Dave Portnoy for $1
- Reported
Bloomberg reported Penn National Gaming agreed to buy 36% of Barstool Sports for about $163M. Penn paid $550M for Barstool, sold it to Dave Portnoy for $1
