RE:Penn National Gaming buys 36% of Barstool SportsLol on the possibility of ditching the score. We put in some good $$ just to be with them. Penn knows what they have here and when we get the green light provincially and/or federally, then this will be even more of a cash cow.
Rosebud wrote: https://outline.com/FZwGdK
For those who are unaware, Barstool Sports is a social media company that focuses on sports and pop culture. Founded back in 2003 in Boston, it's increased it's viewship into the millions with over 7.5M followers on Instagram and many more elsewhere. The founder, is a huge gambler himself and Barstool recently released their own betting app called Barstool Bets! I bet they have had some success as they have a similar model as the score (convert active users into gamblers), and currently have 263k followers on Instagram.
The deal is for 36% with that share increasing to 50% with an additional 63M investment in 3years time. That would mean that Penn will have a controlling stake in the company. I hope that this deal means that Penn is NOT ditching the Score and rather, may be looking to synergize these two companies/apps together to build out a great platform with tons of users! Just my opinion, would love to hear everyone elses' thoughts.