Finance

Penn National Gaming shares drop 21% amid Barstool CEO sex scandal

Company’s stock market value drops by $2.7bn just hours after reporting 34% Q3 revenue growth

Penn National Gaming’s (PNG) share price dropped dramatically on Thursday after multiple sexual violence allegations were made against Barstool Sports CEO Dave Portnoy. The firm’s stock dropped by 21% from a pre-close price of $71.60 to a price of $59.24, wiping around $2.7bn off the operator’s market value. [infogram id="_/GWqwNGU3jPmAmaWWUXZn" prefix="rW4" format="interactive" title="EGR Intel- Penn…

Barstool Sports | barstool sportsbook | Dave Portnoy | Finance | Jay Snowden | Penn National Gaming | Q3 2021 | US | US sports betting

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