Motley Fool
Why Penn National Gaming Fell 17.4% in March
Shares of Penn National Gaming (NASDAQ: PENN) fell 17.4% in March, according to data from S&P Global Market Intelligence. Notably, Penn’s interactive sports betting and iGaming segment, bolstered by the 2020 acquisition of Barstool Sports and last year’s acquisition of Score Media, grew like gangbusters, up 257%. Second, a powerful private equity firm announced it may be entering the online sports betting arena, with a big-name rival brand behind it.
Source: https://finance.yahoo.com/news/payments-solutions-provider-paysafe-power-095731419.html