![]() ![]() Penn National will pay $1 billion in cash and $1 billion in stock to buy theScore, which will continue operating as a standalone business, Penn National CEO Jay Snowden said. The sale was unanimously approved by both Penn National’s and theScore’s boards of governors. ![]() “I don’t think anybody, and I don’t care who we’re talking about, has the same capabilities as what we now have with this triumvirate,” Levy said. The deal, expected to close early next year, is “transformational,” theScore President and CEO John Levy told investors on a joint earnings call Thursday with Penn National. Executives said they see opportunity to integrate sports betting into theScore’s robust digital media and technology presence and cross-promote with each other and another of Penn National’s partners, Boston-based Barstool Sports. The agreement between Penn National Gaming and Score Media and Gaming, or theScore, will create what company leaders called a first-of-its-kind company in sports betting, digital media, technology and content. (Bizuayehu Tesfaye/Las Vegas Review-Journal) Las Vegas Valley casino operator is set to acquire Score Media and Gaming in a deal worth $2 billion, the two companies announced Thursday. The exterior of M Resort Spa Casino photographed on Tuesday, May 1, 2018, in Henderson. ![]()
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