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Started By
Message
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted on 8/9/23 at 10:28 pm to Havoc
Posted on 8/9/23 at 10:28 pm to Havoc
quote:
Because of woke/anti-woke?
Because gambling regulations. Barstool used to advertise a "Can't Lose Parlay" and also Dave had claiming gambling losses in his bankruptcy
0
Posted on 8/9/23 at 10:28 pm to Corinthians420
quote:Barstool had a tv show on ESPN that was cancelled after one episode. I wouldn't be shocked if dumping Barstool was part of the deal.
Yeah, and that had nothing to do with Disney
Posted on 8/9/23 at 10:30 pm to beaverfever
quote:
I wouldn't be shocked if dumping Barstool was part of the deal
Well no shite it was part of the deal. It isn't like Penn would run a Barstool Sportsbook and an ESPN sportsbook
Posted on 8/9/23 at 10:32 pm to beaverfever
quote:
I wouldn't be shocked if dumping Barstool was part of the deal.
What would be the point of keeping Barstool if they were rebranding to ESPN Bet?
Penn isn’t in the podcast/content businessPosted on 8/9/23 at 10:34 pm to Corinthians420
quote:
Yeah, and that had nothing to do with Disney
Good God you're stupid.
Disney would not do the deal unless they rid themselves of Barstool & Portnoy because them being controversial was making it difficult to get approval from the left woke PC states.
They could have still used Barstool for promotion etc, without using the Barstool sports book.
They gave back the company to Dave so that they now could go to the commie PC woke states and get approval.
This post was edited on 8/9/23 at 10:40 pm
Posted on 8/9/23 at 10:40 pm to call me goat
quote:
Apparently you aren't that familiar with Portnoy/Barstool.
Anytime someone structures a sentence using “apparently” like this it always comes off bitchy in a lame way.
Posted on 8/9/23 at 10:40 pm to call me goat
I only know Dave Portnoy from his YouTube pizza reviews. What's so controversial about him? He just seems like a normal guy.
Posted on 8/9/23 at 10:44 pm to call me goat
quote:
Good God you're stupid. Disney would not do the deal unless they rid themselves of Barstool & Portnoy because them being controversial was making it difficult to get approval from the left woke PC states. They could have still used Barstool for promotion etc, without using the Barstool sports book. They gave back the company to Dave so that they now could go to the commie PC woke states and get approval.
Do you not realize their exposure with ESPN would be 100x that of Barstool regardless of getting approval in all legalized states? There would be no point to keeping sinking money into Barstool when you can put everything into ESPN, something that will actually be profitable
Posted on 8/9/23 at 10:48 pm to tunechi
quote:
Do you not realize their exposure with ESPN would be 100x that of Barstool regardless of getting approval in all legalized states? There would be no point to keeping sinking money into Barstool when you can put everything into ESPN, something that will actually be profitable
They sold it back for one dollar.
I'm pretty sure that publicity generated by Barstool would have been worth more than one dollar.
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
PENN CEO said so today on CNBC, although not as bluntly.
Posted on 8/9/23 at 10:50 pm to call me goat
quote:
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
Which states?
Posted on 8/9/23 at 10:52 pm to call me goat
quote:
I'm pretty sure that publicity generated by Barstool would have been worth more than one dollar.
Any money generated would be going right back to salaries, leases, etc to keep Barstool afloat. Barstool was not profitable for Penn
Posted on 8/9/23 at 10:53 pm to call me goat
quote:
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
PENN CEO said so today on CNBC, although not as bluntly.
This has been public knowledge all along even before the ESPN deal was a thing. This isn’t some breaking news
Posted on 8/9/23 at 10:56 pm to call me goat
quote:
They could have still used Barstool for promotion etc, without using the Barstool sports book.
Why on earth would they do that?
Posted on 8/9/23 at 10:58 pm to AlextheBodacious
quote:
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
Which states?
He didn't say which states.
PENN CEO said that PENN being associated with Barstool made it difficult to get into certain states, because Barstool/Portnoy are so controversial.
Bottom line, there were states that wouldn't approve PENN due to their association with BS/Portnoy.
Now that they are no longer associated with BS, and are now associated with super woke Disney, they will get the green light.
I was surprised that he was as Blunt as he was about it.
Posted on 8/9/23 at 11:00 pm to tunechi
quote:
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
PENN CEO said so today on CNBC, although not as bluntly.
This has been public knowledge all along even before the ESPN deal was a thing. This isn’t some breaking news
No shite, I thought this was common knowledge.
Posted on 8/9/23 at 11:01 pm to Corinthians420
quote:
It isn't like Penn would run a Barstool Sportsbook and an ESPN sportsbook
It wouldn’t be that radical of a thing, especially if there’s a reason to, like different customer bases, etc. But who knows what factors went into it.
Posted on 8/9/23 at 11:36 pm to call me goat
quote:
He didn't say which states.
So how do we know they are woke?
Posted on 8/9/23 at 11:38 pm to call me goat
Barstool Sportsbook is in:
that leaves:
AR,CT,MT,NV,NH,NY,OR,RI,DC,WY
quote:
Currently, you may place sports bets while inside the states of Pennsylvania, Michigan, Illinois, Indiana, Colorado, Virginia, New Jersey, Tennessee, Arizona, Iowa, West Virginia, Louisiana, Kansas, Maryland, Ohio, or Massachusetts and play casino games while inside the states of Pennsylvania, New Jersey, Michigan or West Virginia. If you are in any other state, the system will not allow you to place a wager.
that leaves:
AR,CT,MT,NV,NH,NY,OR,RI,DC,WY
This post was edited on 8/9/23 at 11:40 pm
Posted on 8/9/23 at 11:58 pm to WestSideTiger
quote:
Illinois, Colorado, Virginia, New Jersey, Maryland, Massachusetts
Yeah woke states won’t touch barstool.
Posted on 8/10/23 at 12:12 am to call me goat
I invested in PENN with the news they were getting it. It tanked hard.
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