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Casino and sports betting company Penn National Gaming Inc (NASDAQ: PENN) reported fourth-quarter and full fiscal year earnings Thursday. Here are the highlights. What Happened: Fourth-quarter revenue for Penn National Gaming was $1.6 billion, beating a Street consensus estimate of $1.5 billion,...

Legendary NFL quarterback Tom Brady announced his retirement Tuesday after conflicting reports from several media outlets over the weekend. The loss of Brady could greatly impact the next NFL season, particularly the Tampa Bay Buccaneers, who will look for a new quarterback to lead the team....

Barstool Sports founder Dave Portnoy is no stranger to sharing his stock and cryptocurrency purchases with his followers on Twitter Inc (NYSE: TWTR). On Friday, Portnoy shared a huge purchase of Bitcoin (CRYPTO: BTC). What Happened: Portnoy took to Twitter to share that he bought 29.5169 Bitcoin a...

A well-known name in the sports betting space has placed several large wagers on the University of Alabama to win the College Football Playoff Championship Monday night. Here’s how much he wagered and what it could mean. What Happened: On Jan. 5, 2022, Jim “Mattress Mack”...

Shares of Penn National Gaming Inc (NASDAQ: PENN) fell 21% on Thursday following the company's earnings miss, as well as a negative story about Barstool Sports founder Dave Portnoy. Earnings Print: Penn reported third-quarter revenue of $1.5 billion, in line with street estimates. Earnings of...

Regional casino and sports betting company Penn National Gaming Inc (NASDAQ: PENN) announced third-quarter financial results before market open Thursday. Here are the highlights from the report. What Happened: Penn National Gaming reported revenue of $1.5 billion, coming in line with Street...

Earnings season is in full swing and this week features many well-known companies reporting quarterly financial reports. Every week, Benzinga takes a look at some specific sectors that have a large number of companies that report earnings. This week’s sector is entertainment stocks...

The state of Michigan stayed hot in September and continued its trend of being one of the largest online sports betting markets in the country. What Happened: The state's online sports betting handle hit $354.3 million in September, according to PlayMichigan. The total was up 84.2% from...

A leader in the sports betting space could be a long-term winner with a unique approach to acquiring and retaining customers. Marketing Approach: Barstool Sportsbook, which is partially owned by Penn National Gaming (NASDAQ: PENN), utilizes a rent vs. buy strategy. “We are the marketing,...

Early data for the first week of the National Football League season shows a large increase from the prior year with more states having legalized betting in place. What Happened: The 2021 NFL season kicked off with 27 states having legalized online sports betting, according to Action Network....

The growth of online sports betting in the United States is creating opportunities for companies in the sector. Many analysts and industry experts have also predicted consolidation in the sports betting market. A recent minority investment by a larger sports betting company could foreshadow a...

Six months after launching online sports betting, the Michigan market had wagers of $1.69 billion in July, making it one of the top states in the country. Here is a look at the top names for online sports betting and online casino in the state of Michigan. What Happened: Data for the month of July...

Barstool Sports is in talks to land some Major League Baseball games through a broadcasting deal, according to the New York Post. Here’s why it’s important and how it could change the streaming and sports betting industries. What Happened: Barstool Sports, which is partially owned by...

Sports media company Barstool Sports is making a big push in the NCAA football market. What Happened: Barstool Sports, which is partially owned by Penn National Gaming Inc (NASDAQ: PENN), will become the sponsor and broadcast partner of the Arizona Bowl. The Barstool Arizona Bowl will be...

The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry. One of the high-profile battles was Draftkings Inc (NASDAQ: DKNG) versus Rush Street Interactive Inc (NYSE: RSI), two...