The file
Penn Entertainment logo
Logo: Penn Entertainment,Public domain, via Wikimedia Commons. A trademark of its owner.
company

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

Last entry Aug 9, 2023
  1. 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

  2. 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

  3. 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

  4. 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

Stories in this file

Sources behind this file

  1. Yahoo Entertainment (InTouch Weekly) report on Portnoy's Tea by The Toast remarks · Report, Nov 11, 2026
  2. Variety report on Penn's 10-Q · Report, Aug 9, 2023
  3. Awful Announcing report quoting Penn's release · Statement, Aug 8, 2023
  4. Bloomberg report on Penn's 36% stake · Report, Jan 29, 2020

Connected files

  • Barstool Sports · Sports and pop-culture media company behind Pardon My Take · 1 shared story
  • Dave Portnoy · Founder and owner of Barstool Sports; rules official at the Internet Invitational · 1 shared story