PENN Entertainment
PENN Entertainment is a diversified gaming and entertainment company that operates 43 properties across 20 states under 12 brands, including Hollywood Casino and Ameristar. The company's roots trace back to the opening of a racetrack in Pennsylvania in 1972. In 2023, land-based casinos accounted for 89% of its total sales, while the interactive segment, which includes sports betting, iGaming, and media revenue, contributed 11%. The retail gaming portfolio boasts mid-30s EBITDAR margins, which enhance PENN's ability to secure licenses for digital wagering markets. Additionally, its media assets, including theScore and a partnership with ESPN launched in November 2023, provide critical access to sports betting and iGaming technology, further expanding its customer base and market presence.
Barstool Sports
Acquisition in 2023
Barstool Sports, Inc. is a digital media company that focuses on sports, entertainment, and pop culture. Founded in 2003 and based in Milton, Massachusetts, the company operates a sports blogging website where users can share content related to sports. Barstool Sports delivers a wide range of media, including blogs, podcasts, radio shows, videos, and social media content, engaging a dedicated audience across various platforms. In addition to its content creation, Barstool Sports sells a variety of merchandise, including clothing and accessories for men and women, through its online store. As of January 2016, Barstool Sports operates as a subsidiary of The Chernin Group, LLC.
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