The company, formerly known as Penn National Gaming (PNG), told the SEC that it will purchase all outstanding shares of Barstool and make it a wholly-owned subsidiary in February 2023.
Despite stubborn inflation, WV sportsbooks hit record highs while online casino operators in the Mountain State had their second-best month to date.
Meanwhile, five sports betting operators spent $50 million in July to get the initiative passed.
Separate 10-year market access agreements with Caesars Entertainment will help company expand to North America. Future launches in Ontario and five other US states also planned.
The Massachusetts Gaming Commission (MGC) has invited reps from five gaming facilities to a public meeting on August 18.
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Market access for online sports betting in nine US states could be up for grabs, as CDI lays out plans to keep retail TwinSpires Sportsbooks operational in at least five states.
“This is going to take a little longer than people probably anticipate,” warned the state’s regulator.
But NASCAR Cup Series race in September is renamed the “Hollywood Casino 400 presented by Barstool Sportsbook.” Plans for retail sportsbook at adjacent casino also coming into focus.
MGM Resorts International kicks off the Q2 2022 earnings session on Wednesday, followed by Bally’s, Penn National, & Rush Street Interactive (RSI) on Thursday. DraftKings will report on Friday.
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