Penn National Gaming Approved to Offer Mobile and Online Barstool Sportsbook in Louisiana
January 27 2022 - 4:00PM
Business Wire
Penn National Gaming, Inc. (Nasdaq: PENN)(“Penn National” or the
“Company”) announced today it has received approval from the
Louisiana Gaming Control Board (“LGCB”) to offer online sports
betting in the state. Penn National expects to launch its Barstool
Sportsbook mobile app and desktop product tomorrow morning, January
28th, at 8:00am CST, pending any final regulatory approvals.
“We are thrilled to be launching our Barstool Sportsbook online
sports betting product in Louisiana, which will provide our retail
casino customers and mychoice loyalty program members
another exciting way to enjoy our unique entertainment offerings,”
said Jay Snowden, President and CEO of Penn National. “Louisiana
marks the twelfth state where we operate the Barstool Sportsbook
mobile app, and as in the other states, I’m confident that
customers will enjoy engaging with Dave Portnoy, Dan ‘Big Cat’ Katz
and other Barstool fan favorites, and we’re offering a number of
promotional wagers on the app to help celebrate the launch.”
“I want to thank the LGCB and their staff for their time and
effort in reviewing and approving our application. We look forward
to adding Louisiana to our portfolio of states where we operate
online sports betting as we continue our Company’s evolution into
the leading omni-channel provider of retail and online gaming, live
racing and sports betting entertainment,” concluded Mr.
Snowden.
Penn National operates five gaming facilities in Louisiana –
Boomtown Bossier City, Boomtown New Orleans, L’Auberge Baton Rouge,
L’Auberge Lake Charles and Margaritiville Resort is Bossier
City.
About Penn National Gaming
With the nation's largest and most diversified regional gaming
footprint, including 44 properties across 20 states, Penn National
is a highly innovative omni-channel provider of retail and online
gaming, live racing and sports betting entertainment. Our
wholly-owned interactive division, Penn Interactive, operates
retail sports betting across the Company's portfolio, as well
online social casino, bingo, and iCasino products. In February
2020, Penn National entered into a strategic partnership with
Barstool Sports, whereby Barstool is exclusively promoting the
Company's land-based and online casinos and sports betting
products, including the Barstool Sportsbook mobile app, to its
national audience. In addition, in October 2021, Penn National
acquired Score Media and Gaming, Inc. (“theScore”). Combined with
the power of Barstool Sports and theScore, Penn National has become
North America’s leading digital, entertainment, sports content,
gaming and technology company. The Company's omni-channel approach
is further bolstered by its mychoice loyalty program, which
rewards and recognizes its over 24 million members for their
loyalty to both retail and online gaming and sports betting
products with the most dynamic set of offers, experiences, and
service levels in the industry.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of
forward-looking terminology such as “expects,” “believes,”
“estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,”
“may,” “will,” “should,” or “anticipates” or the negative or other
variations of these or similar words, or by discussions of future
events, strategies or risks and uncertainties. Specifically,
forward-looking statements include, but are not limited to,
statements regarding the Company’s expected commencement of online
sports betting in Louisiana. Such statements are all subject to
risks, uncertainties and changes in circumstances that could
significantly affect the Company’s future financial results and
business. Accordingly, the Company cautions that the
forward-looking statements contained herein are qualified by
important factors that could cause actual results to differ
materially from those reflected by such statements. Such factors
include, but are not limited to: (a) the ongoing impact of the
COVID-19 pandemic on general economic conditions, capital markets,
unemployment, consumer spending and the Company’s liquidity,
financial condition, supply chain, operations and personnel; and
(b) other factors as discussed in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2020, subsequent
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
each as filed with the U.S. Securities and Exchange Commission. The
Company does not intend to update publicly any forward-looking
statements except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release may not occur.
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version on businesswire.com: https://www.businesswire.com/news/home/20220127006015/en/
Eric Schippers Senior Vice President, Public Affairs Penn
National Gaming 610/373-2400
Jeff Morris Vice President, Public Affairs Penn National Gaming
610/373-2400
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