Barstool Sports Owner’s Stock Plunges Following ‘Violent’ Sex Allegations About President Dave Portnoy

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Barstool Sports Owner’s Stock Plunges Following ‘Violent’ Sex Allegations About President Dave Portnoy
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Shares of Penn National Gaming fell more than 20% Thursday, after the publication of an article in which several women alleged that they had “violent and humiliating” sexual encounters …

. Penn National, which operates casinos and racetracks, is a significant owner in digital media company Barstool., three women said they had sex with Portnoy and that the encounters “turned into frightening and humiliating experiences that have taken a toll on their mental health.” Two of the women said Portnoy both choked and filmed them without advance permission., in which he denied the allegations in the Insider article.

“I’ve never done anything weird with a girl, ever, never anything remotely nonconsensual,” he said in part, in response to what he called the “hit piece” by Insider. He also said, “Cancel culture has been coming for me for a decade. This is just the next iteration.” In a statement, a Barstool Sports rep said, “We are not in the business of managing our employees’ personal lives, but we have made sure to have specific processes in place that encourage our colleagues to confidentially share any concerns they might have about their work environment. This recent news does not involve any workplace behavior. As a matter of policy, we do not comment on the private lives of our employees, but we take this matter seriously and are monitoring it closely.

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