After divesting Barstool Sports, Penn Entertainment CEO says Dave Portnoy is the only 'natural owner' for the company long term

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Penn Entertainment CEO Jay Snowden said the only 'natural owner' of Barstool Sports is David Portnoy, who founded the company in 2003.

"Dave Portnoy is the only natural owner for Barstool sports long term," Snowden said. "They're not a company and a brand, I think we all came to this conclusion, that should be owned by a publicly-traded, highly-regulated licensed gaming company."

Snowden explained that the company realized its product was quickly becoming outdated by having to rely on a third-party platform. He added that he's looking forward to a future in sports betting with ESPN. "To Barstool's defense – amazing partners – we didn't spend, in the last year and a half, marketing dollars promoting Barstool Sportsbook, other than just the organic within Barstool ecosystem, because we didn't have a product that we felt was strong enough to retain," he said. "We now have that, so this is great for Dave and Stoolie nation."

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes