Penn forecasts 2022 $50m EBITDA loss for interactive
Summary: Penn National Gaming said a “disciplined marketing approach” and the increased scale of its interactive operations meant an adjusted EBITDA loss of $5.9m for its online betting and gaming operations in the fourth quarter on revenues of $157.6m. The company said total group revenues rose over half a billion to $1.6bn. Why it matters: […]
Portnoy a hit with Barstool Sportsbook customers, says survey
Summary: The controversial Dave Portnoy has a significant favorability rating with users of the Barstool Sportsbook app, according to a recent survey of sports-betting customers. The survey of 500 consumers conducted on behalf of the leisure team analysts at Truist found that 83% of players who have Barstool as their primary app find the social […]
NY opening a threat to FanDuel’s NJ dominance, say analysts
Summary: FanDuel once again topped the GGR market share table in New Jersey in December with 48.5% of the total take of $59m but the operator’s oversized supremacy will be challenged by the launch of mobile betting in neighboring New York, according to the analysts at EKG. Why it matters: The advent of mobile sports […]
Barstool To Go Live In Maryland as Penn National Reacquires Casino
Summary: Penn National Gaming has acquired the Hollywood Casino Perryville from Gaming & Leisure Properties, retaking a property it launched 11 years ago. Barstool Sports, in which Penn Nat’l has a 36% stake, will be able to launch in Maryland after June 1. Why it matters: Barstool is expected to be live in 10-11 states […]