In the summer of 2023, ESPN Inc. and casino operator Penn Entertainment Inc. announced a 10-year, $2 billion deal. Penn, which was in a partnership with media company Barstool Sports Inc., had bolted for the self-proclaimed “Worldwide Leader in Sports.” On a call with analysts, Penn Chief Executive Officer Jay Snowden said, “We think we’re going to be a major …
New York CNN Business — There’s a battle brewing between DraftKings and Barstool Sports backer Penn National Gaming – and this gambling-industry tussle could be as heated as the Yankees-Red Sox and Celtics-Lakers rivalries. Penn CEO Jay Snowden said on the company’s last earnings call in May that the company has been “able to continue the development of our Barstool …
