Barstool Sports

The NCAA’s board of directors voted on June 30 to permit student-athletes to profit off their names, images and likeness (NIL), according to a statement by the organization.  “This is an important day for college athletes since they all are now able to take advantage of name, image...

A historic ruling years in the making will see NCAA athletes allowed to profit from their name, image and likeness. What Happened: The NCAA adopted a policy on incoming and current student-athletes to begin receiving money from their name, image and likeness (NIL) beginning July 1. “This is...

ESPN, a subsidiary of Walt Disney Co (NYSE: DIS), is reportedly looking to create its own sportsbook, following a trend of other sports media companies launching their own betting platforms. Barstool Sports, which has a significant investment from Penn National Gaming (NASDAQ: PENN), recently...

Michigan legalized sports betting back in 2020. The introduction of online sports betting to the state in January has made Michigan a key state in the market as one of the most populated states to legalize the industry. What Happened: The three commercial casinos in Detroit pushed the state over...

Influencer marketing, which is on track to become a $15 billion industry by 2022, is a unique way for creators to monetize their content and outreach. The problem with this industry is both the supply and demand dynamics, as well as an unfulfilling culture, according to some. More and more,...

Penn National Gaming reported first-quarter earnings Thursday morning, sending the stock lower. The keys for investors could be the discussion on growing momentum at land-based casinos and the continued rollout of Barstool Sportsbook.  What Happened: Penn National Gaming's (NASDAQ:...

Penn National Gaming Inc.'s (NASDAQ: PENN) stake in Barstool Sports is listed as a major catalyst by an analyst offering a take on the U.S. sports betting market.  The Penn National Analyst: Needham analyst Bernie McTernan initiated Penn National Gaming with a Buy...

One of the most influential names in media collides with a hot investment theme of 2021. What Happened: Barstool Sports, which is partially owned by Penn National Gaming (NASDAQ: PENN), announced a 1 of 1 non-fungible token that will be auctioned off to the highest bidder and never be minted again...

Well-known media personality Dave Portnoy is influential to the Barstool Sports brand he founded, and a racy video of Portnoy is moving shares of a company that owns a big stake in Barstool Sports. What Happened: Portnoy held one of his "emergency press conferences" Tuesday where he...

Influencers on Finance Twitter have seen a rise in popularity recently as retail traders have turned to the social media platform for trading advice. Benzinga is pointing out some of the biggest names, in a series on these "FinTwit" influencers. This week, it's "Davey Day Trader...

Penn National Gaming (NASDAQ: PENN) CEO Jay Snowden highlighted the company’s progress for its online sports betting operations during an interview on CNBC's "Squawk Box." What Happened: Snowden told viewers that Barstool Sportsbook is live in the three states of Pennsylvania,...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. In recent weeks, brokers like Robinhood came under scrutiny for limiting trade in GameStop Corporation (NYSE: GME), AMC Entertainment...

After Dave Portnoy went live Feb. 12 to discuss his most recent trades, speculation swirled over the company in which company he claims to have invested $2.7 million. The Barstool Sports founder gave several clues, however, that indicate he’s taken a large stake in Canadian online...

In January 2020, casino operator Penn National Gaming Inc (NASDAQ: PENN) purchased a 36% stake in Barstool Sports. Here’s a look at how investors would have done if they invested in Penn National alongside the Barstool Sports purchase. What Happened: Penn National acquired a 36% stake in...

Michael Gruen is an American entrepreneur, avid angel investor, consultant and media personality. Called “one of the most mysterious, obnoxious, interesting humans who ever walked the world,” by Barstool Sports founder Dave Portnoy, Gruen is heralded for his network of celebrities....