Nevada and Indiana regulators reportedly examining Barstool and Penn National above allegations in opposition to Portnoy | Yogonet Worldwide

Nevada and Indiana gaming regulators are wanting into Penn Nationwide Gaming‘s bid to purchase Barstool Sports activities amid sexual misconduct allegations towards Barstool founder Dave Portnoy, The Wall Street Journal documented. 

Nevada Gaming Management Board Chairman J. Brin Gibson said Thursday that it released a probe into Barstool Sports activities and Penn Nationwide, citing its obligation “is to defend the standing of the point out and the name of the state’s gaming business.” In accordance to the WSJ, Gibson included that he experienced requested facts from Penn National due to his increasing concerns about Barstool Sports. There is no Barstool Sportsbook in Nevada, but Penn Countrywide operates two casinos in Las Vegas.

In addition, the Indiana Gaming Commission also introduced they are conducting a review of Barstool Sports activities and Penn Countrywide because of to the allegations from Portnoy. “Penn is conscious of the [Indiana Gaming Commission’s] ongoing concerns and we will keep on to examine any new info that emerges,” the regulatory overall body said.

Barstool founder has filed a defamation lawsuit in response to a Business enterprise Insider investigation posted November 2021 in which multiple females accused the sporting activities media personality of sexual misconduct, the WSJ studies.

In early 2020, Penn Nationwide obtained a 36% stake in Barstool Sporting activities, established in 2003 as a athletics gambling-dependent news outlet, and the firm  Later that exact same 12 months, they partnered to start Barstool Sportsbook, a cellular sports activities betting app existing in 12 states. Penn National CEO Jay Snowden has publicly stood by Portnoy, urging the community to hear his aspect of the tale. Snowden cited Barstool Sports’ media attractiveness as a essential to the company’s foreseeable future results in athletics betting and digital media, and the corporation targets full acquisition of Barstool.

The CEO has also pointed out that Barstool has developed its income by 150% given that Penn Nationwide invested in the company two many years in the past, also raising its social media existence to 100 million followers.