Its content offerings span podcasts, video, social media, live events, pay-per-view, and a growing commerce business, solidifying its position as a multimedia powerhouse. With over 200 million loyal followers, the company creates and delivers unmatched sports and comedic content through its extensive network of over 100 shows and 90+ personalities. Founded in 2003 as a free sports and gambling newspaper by Dave Portnoy, Barstool has evolved into a leading digital player in sports, lifestyle, and entertainment. The closing of the acquisition marks a major milestone for Barstool Sports as it celebrates its 20th anniversary. PENN has acquired the remaining interest in Barstool Sports for approximately $388 million. (“Barstool Sports” or “Barstool”) after previously acquiring a 36% stake of Barstool Sports in February 2020. (Nasdaq: PENN) (“PENN” or the “Company”) today completed its previously announced acquisition of Barstool Sports, Inc. and NEW YORK - FebruPENN Entertainment, Inc. Influential Media Brand Strengthens PENN’s Growingĭigital Sports, Gaming and Entertainment Portfolio PENN ENTERTAINMENT COMPLETES ACQUISITION OF

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