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Buy the Penn Sex Tape Dip, Barstool's Portnoy Says

Published 04/06/2021, 01:05 PM
Updated 04/06/2021, 01:06 PM
© Reuters.

By Christiana Sciaudone

Investing.com -- Penn National Gaming (NASDAQ:PENN) fell nearly 6% after reports of a sex tape circulating featuring Barstool Sports founder Dave Portnoy.

This would be the third sex tape featuring Portnoy, who held an emergency press conference minutes ago acknowledging the videos and questioning the wisdom of selling off stock as a result. He suggested buying the dip during the expletive-laced rant.

Shares of Penn have rallied more than 900% over the past 12 months through a high in February as more and more states have legalized online sports gambling, and despite a drop in the number of sporting events thanks to Covid-19.

Penn finalized its deal to buy Barstool early last year.

Latest comments

Really, sax is a blocked word. This is what is wrong with the world.
Really, sax is a blocked word. This is what is wrong with world.
Oh my gosh, he had *******on video. Whatever will we do🤣
I would think a *****tape from an entertainer should LIFT the stock.
He is right by the way. Our current socialist president son smokes parmesan cheese.
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