Connect with us

Sports Online

Gambling Regulators Scrutinizing Penn National, Barstool Amid Portnoy Allegations

Penn National CEO Jay Snowden says the company has addressed inquiries by regulators and intends to keep those boards updated with new information as it becomes available.

Published

on

Recent allegations against Barstool Sports founder Dave Portnoy have prompted gambling regulators in Nevada and Indiana to investigate Penn National’s acquisition of the popular media company, according to the Wall Street Journal.

Portnoy has disputed the accusations of sexual misconduct by five women and filed a defamation lawsuit against Business Insider and author Julia Black.

According to the Nevada Independent, Nevada Gaming Control Board chairman Brin Gibson told the Journal that the organization has an obligation “to protect the reputation of the state and the reputation of the state’s gaming industry,” and has requested information from Penn National in the wake of concerns about Barstool. However, Barstool’s sports betting app doesn’t currently operate in Nevada.

The Journal also reported that the Indiana Gaming Commission is conducting a review of Penn and Barstool in light of the allegations against Portnoy, and says the casino and sportsbook company is aware of concerns regarding the partnership. And Barstool’s app does operate in Indiana.

Penn National CEO Jay Snowden told the Journal that the company has addressed inquiries by those regulators and intends to keep those boards updated with new information as it becomes available. Penn contacted gambling regulators in the states where the company is licensed following Business Insider’s first report on the allegations against Portnoy.

Furthermore, Snowden stated Penn National’s support for Portnoy and believes in the partnership with Barstool as the casino and sportsbook attempts to reach younger bettors as the sports betting landscape expands and becomes more popular. Barstool also allows Penn to have a presence in digital media to compete with other betting companies, which it didn’t have previously.

Two years ago, Penn National acquired a 36 percent stake in Barstool and intends to take over 100 percent of the company by 2023. Snowden said those plans haven’t changed. Partnering with and eventually taking control of the Barstool brand allows Penn to reach potential customers and build a user base without having to spend heavily on advertising. That’s a different strategy than rival sports betting companies have pursued.

Furthermore, Snowden points out, Barstool is one of the few digital media brands that has expanded revenues and social media following since Penn invested in the company two years ago.

However, former Nevada Gaming Control Board chairwoman Becky Harris said concerns over Barstool may prevent the company from getting licensed in more states, as regulators work to address harassment and discrimination among employees and customers, particularly against women.

Earlier this week, Barstool announced the launch of “Barstool Difference,” a philanthropic initiative geared toward helping female-run companies, veterans, youth service, and sobriety.

Sports Online

Media Reacts To Nick Saban’s Comments On Texas A&M, Jackson State

“Saban’s comments and the ensuing rebuttals will be used to fuel content on sports television and radio through the offseason and likely beyond.”

Published

on

Nick Saban had some choice words about recruiting in the NIL era on Wednesday night. The Alabama head coach didn’t just voice frustrations with the process. He called out three schools specifically for using Name, Image and Likeness payments to create an advantage for themselves in recruiting.

He said that Texas A&M, which signed the top-ranked recruiting class in 2022 according to a number of outlets “bought every player on their team.”

He said that Jackson State gave a player $1 million to come to the school. “It was in the paper,” he said. “They bragged about it! Nobody did anything about it.”

It is likely that he was talking about defensive back Travis Hunter, widely regarded as one of the five best players in the class of 2022. It should be noted that Jackson State Coach Deion Sanders has been adamant that Hunter did not receive a dime from the school or anyone else.

The comments created plenty of content on sports radio on Thursday.

Jimbo Fischer, the head coach of Texas A&M took the story to a new level with a press conference of his own in which he cryptically encouraged people to “dig into” Saban’s career history.

The commentary in the sports media came in all kinds of forms. Plenty took to Twitter to express an opinion.

Others used the feud to create comedy.

Finally, others did actual reporting. they made phone calls to get context and further the story.

The coaches may be relatively quiet in public for a while. That doesn’t mean the stories and reactions are going away. Saban’s comments and the ensuing rebuttals will be used to fuel content on sports television and radio through the offseason and likely beyond.

Continue Reading

Sports Online

Bleav Announces Partnership With SiriusXM

“The Bleav podcasts come with some serious star power. Each show features a former player paired with a host to discuss the latest news about their team. In adding Bleav, SiriusXM adds the likes of Eric Davis, Lorenzo Neal, Adam “Pac Man” Jones and others to its roster.”

Published

on

A new partnership will see content from the Bleav Podcast Network come under the SiriusXM umbrella. All 32 of the network’s NFL team-specific podcasts will now be available on the SXM app. The satellite radio company will also have the ability to air Bleav content on its sports channels.

“SiriusXM is a leader in content. We’re very happy to be a part of their programming and continue to amplify the voice of our talent,” Bleav CEO Bron Heussenstamm said in a press release. “SiriusXM listeners will be able to regularly hear from athletes that played for their team, bringing fans insight and access that only a player can.”

The Bleav podcasts come with some serious star power. Each show features a former player paired with a host to discuss the latest news about their team. In adding Bleav, SiriusXM adds the likes of Eric Davis, Lorenzo Neal, Adam “Pac Man” Jones and others to its roster.

The deal will also lead to more content in the future. The companies expect to add to the Bleav content available on the SXM App, including shows focused on other professional and college sports. 

“Bleav’s team-focused programming, hosted by many former stars from the league, give fans a unique and experienced perspective into their favorite players and franchises,” said Steve Cohen, SiriusXM’s SVP of Sports Programming and Podcasts.  “Bleav’s network of shows deliver valuable insight for fans of every NFL team.  They are a great addition to the selection of sports podcasts available on the SXM App and we look forward to adding other shows, focused on other sports, from the Bleav network to SiriusXM in the future.” 

Continue Reading

Sports Online

Dave Portnoy Offers Pat Beverley ‘Blank Check’ To Join Barstool

“Just say how many zeros and guarantee us once a week, you are hired.”

Published

on

Minnesota Timberwolves player Pat Beverley turned heads with his comments about Phoenix Suns guard Chris Paul after the Suns were eliminated from the NBA Playoffs.

Beverley told Mike Greenberg and Stephen A. Smith on Monday that he thinks Paul is a “traffic cone,” due to his poor defense and that on nights he knows he’s playing Paul he’ll have a nice steak dinner and wine the night before. He said he’s in bed by 8 p.m. and doesn’t want to hear from his mom or girlfriend if he’s playing Steph Curry and the Golden State Warriors.

Pat’s comments got the attention of Barstool Sports president Dave Portnoy. Portnoy said Monday he liked Beverley so much that he would hire him to do a podcast for Barstool.

“If Pat Beverley is a Barstool fan and he’s watching this, he has a blank check. You name your price for a podcast, and we will hire you — no questions asked,” Portnoy said. “Just say how many zeros and guarantee us once a week, you are hired.”

Portnoy made the push to sign Beverley to a podcast deal as the company seeks to scale back the number of podcasts it produces. Barstool CEO Erika Nardini announced the decision to cut shows last week.

No word if Beverley has responded to Portnoy’s offer.

Continue Reading
Advertisement
Advertisement

Trending

Copyright © 2021 Barrett Media.