Dave Portnoy, the founder of Barstool Sports, explains the breakup with Penn Entertainment, stating that they were denied gambling licenses due to his reputation as a 'degenerate gambler'. Portnoy is now the sole owner of Barstool Sports after Penn Entertainment sold it back to him.
, “Desperate for Growth, Aging Casino Company Embraced ‘Degenerate Gambler,’” which noted that Portnoy has described himself in those terms.
Barstool Sports, founded in 2003, describes itself as “a sports & pop culture blog covering the latest news and viral highlights of each and everyday with blogs, videos and podcasts.” . That came after ESPN correspondent Sam Ponder called out sexist attacks against her by Portnoy and other Barstool writers.
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Penn sells Barstool Sports back to Dave Portnoy to partner with ESPNDave Portnoy regains ownership of Barstool Sports and expresses his excitement to have the freedom to speak and act without restrictions. He vows to never sell the company again.
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Penn Ditches Barstool Sports for ESPN, Sells Company Back to Dave PortnoyPenn Entertainment has sold Barstool Sports back to founder Dave Portnoy in order to partner with ESPN and rebrand its sportsbooks, the company announced. Portnoy blamed the 'regulatory world' and mainstream media for the split, which he billed as a 'win-win.'
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Penn Entertainment sells Barstool Sports back to founder Dave PortnoyDavid Portnoy, the founder of Barstool Sports, has regained ownership of his media brand after buying it back from Penn Entertainment. Portnoy announced the separation between Penn and Barstool in a post on Tuesday.
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Dave Portnoy buys Barstool Sports back for next to nothingDave Portnoy announces in a video that he has bought back Barstool Sports for a minimal amount. He mentions facing challenges and denials in the regulated industry, indicating that it may not be the best fit for the type of content they produce.
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Penn dumps Barstool for ESPN-branded sports-gambling serviceOnline sports-betting company Penn Entertainment Inc. sealed a $1.5 billion deal with Walt Disney Co.'s ESPN to launch ESPN Bet, a branded sportsbook for fans in the U.S., and pivoted away from Barstool Sports on Tuesday, selling the platform back to founder Dave Portnoy.
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ESPN to launch new sports betting platformESPN is set to launch a new sports betting platform this fall in the 16 states where sports betting is legal and Penn Entertainment is licensed. The move comes after ESPN acquired a majority stake in Barstool Sports in February, with Barstool Sports founder Dave Portnoy stating that the regulated industry is not the best fit for their content. This new platform will provide ESPN with the opportunity to expand its offerings and cater to the growing demand for sports betting.
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