Gambling and Sports Betting News January 29, 2020: Barstool Sports Confirms Sale to Penn National
Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday January 29, 2020
 *6 weeks free trial - test drive - best in the biz *Deposit with Bitcoin - They'll double it! *Get your own domain, customized website, logo *Switch in under an hour, earn mrore $$ for doing so *Odds featured on DonBest.com *Thousands of betting options daily + live in-play *Easy and discreet payment options include gift cards *Walmart gift cards also accepted Start Earning Money From Your Sheet Here |
Barstool Sports Confirms Sale to Penn National
Gambling company Penn National Gaming will buy about a third of Barstool Sports in a deal that will bring the brash but beloved blog into the sports betting arena, the companies announced Wednesday.
Penn National will pay $163 million for a 36 percent stake in Barstool in the deal valuing the website at about $450 million, the gaming firm said.
“This opportunity is a dream of mine and why I started Barstool Sports in the first place,” Barstool founder Dave Portnoy said in a statement. “… I think with our shared vision and goals, we are uniquely positioned to be a leader in this business.”
Penn National will increase its Barstool share to about 50 percent after three years for another roughly $62 million, and both companies will have options to give Penn controlling ownership of Barstool, according to a news release.
Our Free Picks Record as of January 29
2020 NBA Record: 35-18-1 (66%)
2019 NFL Record: 3-10 (0%)
2019 College Football Record: 4-2 (66.6%)
2019 MLB Record: 26-18-2 (59%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
January 27, 2020
January 26, 2020
January 21, 2020
January 20, 2020
January 19, 2020
January 18, 2020
January 17, 2020
January 16, 2020
January 12, 2020
January 11, 2020
January 9, 2020
January 7, 2020
January 4, 2020
January 2020
- Aaron Goldstein, Gambling911.com
- Chris Costigan, Gambling911.com Publisher
