Penn National Gaming forecasts Q3 EBITDA of $450m as Barstool Sportsbook shines

New sports betting app took $11m in handle during first 48 hours as operator launches capital raising efforts

Penn National Gaming (PNG) expects its Q3 consolidated revenue to range between $1bn and $1.14bn, with an EBITDA of $410m to $450m, not including a net loss that will depend on quarter-end adjustments. Meanwhile, according to an SEC filing released by the operator on 24 September, the Barstool Sportsbook app recorded $11m in wagers in…

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