Agreements and Partnerships Help to Expand the Online Gambling Marketplace
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NEW YORK, May 19, 2021 /PRNewswire/ Another state moves closer to legalizing sports betting, as the governor of Maryland, Larry Hogan, plans to sign a bill establishing the industry in the state. According to a report by the Baltimore Sun, the Republican governor will sign off on a plan worked out by state lawmakers that features in-person licenses for sports betting granted to casinos, the Laurel Park and Pimlico Race Course thoroughbred racing tracks, and the stadiums for the Baltimore Orioles, the Baltimore Ravens and the Washington Football Team. This is a new development for the state after, last year, Maryland, together with Louisiana and South Dakota, voted in favor of legalizing sports betting. FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS), Score Media and Gaming Inc. (NASDAQ: SCR), International Game Technology P
Penn National Gaming, Inc. (Nasdaq: PENN)("Penn National" or the "Company") announced today that the Indiana Gaming Commission ("IGC") has approved the Company’s application to offer online sports wagering in Indiana. Penn National plans to launch its Barstool Sportsbook mobile app on iOS and android, as well as for desktop users, at 10:00 a.m. CST on May 18, 2021, pending any final regulatory approvals. Once live, Indiana will become the Company’s fourth online sports betting market, following previously successful launches in Pennsylvania, Michigan, and Illinois.
Penn National given green light to launch Barstool in Indiana
14th May 2021
| By Robin Harrison
The Indiana Gaming Commission (IGC) has approved Penn National Gaming’s application to launch mobile wagering via the Barstool Sportsbook brand in the Hoosier State.
Penn now plans to launch its Kambi-powered apps for iOS, Android and desktop devices on Tuesday, May 18, pending any final regulatory sign-off.
Indiana will soon become the fourth state in which Barstool Sportsbook has launched, after Pennsylvania, Michigan and Illinois. It has also been approved for launch in Virginia.
“We are thrilled to be launching our online Barstool Sportsbook in Indiana at the start of the NBA’s new playoff format,” Penn National president and chief executive Jay Snowden said.
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Since early 2020, when
Penn National Gaming (NASDAQ:PENN) purchased a 36% stake in Barstool Sports, the duo has been hard at work. Together, the team is leveraging the deeper pockets of Penn and the wider reach of Barstool to create an entertainment powerhouse.
Here s what they re working on, how it s faring, and where they go from here.
Image source: Getty Images.
A thriving sportsbook app
Late last year, the pair released Barstool Sportsbook in Pennsylvania before quickly expanding into Michigan and Illinois. In Michigan specifically, the product has been able to rack up 13.7% market share (by online handle) against stiff competition.
Should investors buy Penn National stock amid recent weakness?
May 21, 2021
Penn National Gaming, Inc. ranked 159th in the growth of stock prices for the year in the United States.
It occupies 115 positions in the rating Rise in the company s share price over 3 years on the NMS.
Penn National Gaming, Inc. ranks # 160 in the NMS Capitalization rating.
Shares of Penn National ended 2020 higher by nearly 250% but shares are moving in the opposite direction so far in 2021. Penn stock is down nearly 15% in the past five days alone and lower by around 25% over the past month.
The weakness in PENN may seem confusing to some investors, especially after the gaming company reported a top-and-bottom-line beat in its first-quarter results in early May.