Finance

Penn National pivots to omni-channel approach after $608m Q1 loss

Penn Interactive preps for Barstool Sportsbook launch to help consolidate digital and retail products

Penn National Gaming (PNG) will invest in increased omni-channel opportunities for its land-based casinos to mitigate some of the $608.6m in losses it has incurred during the coronavirus pandemic. The closure of Penn National’s 41 properties in March resulted in Q1 revenues decreasing by $166.5m year-on-year to $1.12bn. Group CEO Jay Snowden said the operator…

Barstool sports | Coronavirus | Finance | Penn Interactive | Penn National | Strategy

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