Sports Betting Boom: CEO’s of Penn National, FansUnite, Score Media and i3 Interactive Seize New Market Opportunities as Legalization Expands
NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Penn National Gaming (NASDAQ: PENN), i3 Interactive (CSE: BETS) (OTC: BLITF), FansUnite (OTC: FUNFF) (CSE: FANS), and Score Media and Gaming (OTC: TSCRF) (TSE: SCR).
Online betting markets are booming. With the recent success of New Jersey generating over $1 billion in taxable income per month, more states hungry for tax revenues are opening up to sports betting and gaming. Canada is now expected to open the market for sports betting with the passing of Bill C-218. Wall Street Reporter highlights the latest comments from industry thought leaders:
Penn National Gaming (NASDAQ: PENN) CEO Jay Snowden “Incredibly Optimistic About Barstool Sportsbooks Upside”
“...Highlights from the fourth quarter include the continued momentum we're seeing for our Barstool Sports book app in Pennsylvania, strong retention, CRM efforts and creative promotions.. have led to an increased handle and market share. And most importantly, highlight our unique and unmatched approach to efficient customer acquisition...On January 22nd, we introduced our Barstool Sportsbook Mobile app in Michigan to very strong demand...Our next launch state will be in Illinois, where we plan to go live prior to March madness, pending regulatory approval. From there, we'll continue to roll out in new states every three to five weeks or so until we're operational in 10 or more states by the end of 2021....”
“...Looking forward, we're anticipating an exciting new year as we continue to introduce Barstool-branded retail and mobile sports books across our portfolio, including brand-new builds at our two properties opening in Pennsylvania during the second half of '21...We have already seen very strong results from our retail sportsbooks, with our Indiana properties seeing meaningful increases in both gaming and non-gaming revenues following their rebranding at Barstool Sportsbooks. We are incredibly optimistic about the opportunities to unlock further upside as we introduce additional Barstool Sportsbook and sportsbars across the portfolio.”