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Ryan Whitney, co-host of “Spittin ‘Chiclets”, and Erika Nardini, CEO of Barstool Sports, discuss the success of merging media with alcohol in “The Claman Countdown”
Philadelphia and Chicago get Barstool Sports branded sports bars, according to the Pennsylvania-based gaming company which has a minority stake in the company.
The announcement came as Penn National Gaming, the Wyomissing-based casino operator that bought a 36% stake in Barstool last year, released its second quarter 2021 earnings report earlier this week.
“We are making progress on building Barstool-branded stand-alone sports bars, with initial locations in Philadelphia and Chicago scheduled to open later this year,” PNG CEO Jay Snowden told investors Thursday.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| PENN | PENN NATIONAL GAMING | 71.84 | -0.42 | -0.58% |
Additional details on when and where the two pilot sites would pop up or what the sites might look like were not immediately available. FOX Business has contacted the company for comment.
THE BAR STOOL FUND IS HERE TO STAY, SEEKING A PHILANTHROPIC LEADER
Overall, the company said it expects further growth in the near future – with its Barstool Sportsbook and iCasino apps, as it considers online gaming to continue to strengthen its core business model.
MIAMI BEACH, FLORIDA – JANUARY 30: David Portnoy, founder of Barstool Sports, speaks during a radio show ahead of Super Bowl LIV on January 30, 2020 in Miami Beach, Florida. The San Francisco 49ers will face the Kansas City Chiefs in the 54th pl
A year after the coronavirus pandemic led to closures and restrictions of sporting venues and events across the country, the company posted revenue of $ 1.5 billion – more than $ 1.2 billion more than in 2020 and 233 million more than before the 2019 pandemic.
“The strong results are due to outstanding performance across our portfolio of core commercial gaming properties,” said Snowden. “The contributions of Barstool Sports, the media company, have also been positive. Additionally, we saw strong revenue growth in our Penn Interactive segment, which performed near breakeven for the quarter despite being online in only four states.
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The company is also on the lookout for other acquisitions and announced earlier this week that it has reached an agreement to buy Score Media and Gaming (also known as theScore), Canada’s leading sports app and third in North America, for $ 2 billion in cash and stocks.
“When we add theScore’s unique integrated media and betting platform and cutting-edge technology to the massive audience of Barstool Sports and its hugely popular personalities and content, we will create the premier digital sports content in North America. , games and tech company, ”Snowden said.
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