Barstool Sports Founder Dave Portnoy's Shocking Admission: His Former Partner Has Full Access To His $150M Cash Assets and $65M Property Portfolio [Yahoo! Finance]
PENN Entertainment, Inc. (PENN)
Last penn entertainment, inc. earnings: 2/6 07:00 am
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Source: Yahoo! Finance
Portnoy's real estate portfolio is worth $65 million, and includes properties in Massachusetts, Florida, and New York, such as a Miami waterfront mansion, a Nantucket dream home, and a Hamptons hideaway. According to Portnoy, his ex-wife has full access to all his assets, including his $150 million liquid cash and $65 million property portfolio, and could 'clean him out' if she wanted to, but he trusts her implicitly and she has been with him since the early days of Barstool Sports. Portnoy's past financial misdeeds, including filing for bankruptcy two decades ago due to his profligate gambling habit, have raised concerns about his current arrangement with his ex-wife, who has full access to his assets. Portnoy was able to buy back Barstool for $1 due to a complex financial arrangement in which Penn Entertainment signed a new 10-year deal with ESPN to rebrand Penn's existing Barstool Sportsbook as ESPN Bet, and agreed to pay ESPN $1.5 billion as part of the deal. Barstool Spo
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PENN
News
- PENN Debuts Stand-Alone Hollywood Casino App in Pennsylvania [Yahoo! Finance]Yahoo! Finance
- Q3 Earnings Roundup: PENN Entertainment (NASDAQ:PENN) And The Rest Of The Casino Operator Segment [Yahoo! Finance]Yahoo! Finance
- PENN Entertainment Launches New Hollywood Casino App in PennsylvaniaBusiness Wire
- PENN Entertainment, Inc. (NASDAQ: PENN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- 1 person dead, 6 displaced after residential fire in Baltimore [CBS News]CBS News
PENN
Earnings
- 11/7/24 - Beat
PENN
Sec Filings
- 12/4/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- PENN's page on the SEC website