Under Dave Portnoy’s leadership, Barstool Sports has been the subject of many controversies. Not much has changed since Penn Entertainment fully acquired the sports media company in February.
Prior to Penn’s Q1 earnings call, Penn made the decision to fire a popular Barstool employee, Ben Mintz, who rapped song lyrics that contained a racial slur.
Now that Barstool is under the Penn umbrella, Portnoy and company CEO Erika Nardini have lost the power to make some key decisions within the brand. Because Barstool is now in a regulated industry, decisions are much more cut and dry.
Barstool Sportsbook, which operates within the PA online sports betting market, has made it difficult for Penn to exist in the regulated industry.
