The acquisition is expected to create "a massive digital footprint and ecosystem"
Casino gaming and sports betting company PENN Entertainment announced the completion of its previously announced acquisition of the remaining share of Barstool Sports for approximately $388 million.
PENN Entertainment initially announced the acquisition of the remaining interest in Barstool Sports in August last year after several years of working together with the brand since the $163 million initial interest acquisition deal in 2020 which followed the exclusive sports betting and iCasino partnership agreed upon by the parties in January 2020.