SCR, Penn, and 11 skins Penn stock closed at $4.55, down from $39.18 high after buying Barstool.
SCR won't follow it to zero, because of on-hand sustaining cash for a year+, and far better balance sheet and control of immediate daily expenditures.
Q: if Penn goes under, what happens to SCR's skins in 11 states?
"The 20-year framework agreement provides theScore with the right to obtain market access to offer online and mobile sports betting and i-gaming applications in 11 states where Penn National operates casinos and racetracks. These rights include “first skin” access rights in Louisiana and Mississippi, “second skin” access rights in Indiana, Iowa, Missouri, Ohio, and Texas, and “third skin” access rights in Michigan, Massachusetts, Maine, and Kansas."