Sporticast: Breaking Down NFL Valuations, ESPN’s Betting Aspirations
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including Sportico‘s most recent NFL valuations. The...
View ArticleDave Portnoy Cashing Out Penn Stock After Clearing Up to $250M
The Barstool dalliance with Penn Entertainment continues to make money for Dave Portnoy. According to a regulatory filing, the founder of Barstool Sports is selling 1.25 million shares of Penn he...
View ArticleSporticast: Inside a Crazy Few Weeks at Barstool Sports
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with Barstool Sports CEO Erika Ayers Badan about the company’s recent split from Penn Entertainment, what she learned...
View ArticleBarstool Exec Sees ‘Leaner,’‘Disciplined’ Future After Penn Split
Barstool Sports is undergoing dramatic change this summer. Its eponymous sportsbook is gone, and so, too, is its corporate ownership. Now the digital media company, perhaps best known for its sometimes...
View ArticleBarstool Sports CEO Erika Ayers Badan Is Heading for the Exits
After a seven-and-a-half-year stint as CEO of Barstool Sports, Erika Ayers Badan is leaving the company. “I’m stepping down as the CEO of Barstool,” Ayers Badan announced Tuesday morning, in a video...
View ArticleBarstool, DraftKings Near Sports Betting Deal After Penn Lock-Up
Barstool Sports is getting back into betting. Once again under the ownership of founder Dave Portnoy, the media company is in advanced talks on a wide-ranging sports betting deal with DraftKings,...
View ArticleBarstool, DraftKings Deal Launches Minutes After Super Bowl Ends
Barstool Sports wasted little time announcing its new multiyear sports betting partnership with DraftKings. As part of its separation from Penn Entertainment last year, Barstool was prohibited from...
View ArticlePenn, ESPN Bet Secure New York Licenses in $25 Million Deal
ESPN Bet is coming to New York, following a $25 million deal between Penn Entertainment and Wynn Interactive. Penn, which operates ESPN Bet, has reached an agreement to buy Wynn’s New York licenses,...
View ArticleDraftKings, Flutter Shares Tumble on Illinois Sports Betting Tax Hike
A budget agreement that will nearly triple the tax on some sports bets in Illinois roiled shares of the major sports books operating in the state, sending shares of DraftKings down as much as 14%...
View ArticleSports Stocks Rally in May Despite Betting Tax ‘Contagion’ Fears
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Sports stocks experienced a volatile end of May as betting stocks were...
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