Home > Finance > Quarterly results > Penn expects Barstool acquisition to build on Q1 growth

Penn expects Barstool acquisition to build on Q1 growth

| By Robert Fletcher
Penn Entertainment said its acquisition of Barstool Sports in February will build on success in the first quarter and help it achieve further growth, with the operator having increased its full-year guidance.

Q1 marked the start of a new chapter for Penn, which completed the acquisition of Barstool Sports part-way through the quarter. At the time, the operator said this would strengthen the customer acquisition and cross-selling opportunities in its interactive division.

While the full impact of the acquisition is yet to be felt, Penn said the deal would lead to long-term growth for the group and in turn raised its full-year revenue guidance to reflect these expectations.

Read the full story on iGB North America

  • Regions:
  • US

Subscribe to the iGaming newsletter