{"id":125862,"date":"2020-02-03T08:10:29","date_gmt":"2020-02-03T16:10:29","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=125862"},"modified":"2020-02-03T10:26:46","modified_gmt":"2020-02-03T18:26:46","slug":"barstool-buy-credit-positive-for-penn-but-dont-expect-an-upgrade","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/barstool-buy-credit-positive-for-penn-but-dont-expect-an-upgrade\/","title":{"rendered":"Barstool Deal ‘Credit Positive’ For Penn National, but Don’t Bank on Ratings Upgrade Anytime Soon"},"content":{"rendered":"
Penn National Gaming (NASDAQ:PENN) said last week it’s paying $163 million in cash and stock to purchase a 36 percent stake in the entertainment and sports media property Barstool Sports<\/i>, a deal the gaming company hopes will serves as a springboard into the potentially lucrative online sports wagering arena.<\/p>\n