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PENN Entertainment Mergers & Acquisitions

PENN Entertainment M&A Summary

PENN Entertainment has acquired 19 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

PENN Entertainment’s largest acquisition to date was in 2017, when it acquired Pinnacle Entertainment for $2.8B. It’s largest disclosed sale occurred in 2020, when it sold Tropicana Las Vegas to Gaming and Leisure Properties for $308M. PENN Entertainment has acquired in 14 different US states, and 2 countries. The Company’s most targeted sectors include leisure (43%) and gaming (32%).

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity19
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

PENN Entertainment

PENN Entertainment, Inc.

825 Berkshire Boulevard, Suite 200,
Wyomissing, Pennsylvania 19610
United States,
(610) 373-2400
www.pennentertainment.com

All (22) Buy (19) Sell (3)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2023-08-09 Barstool Sports · Digital Media
New York, New York · www.barstoolsports.com

Barstool Sports is a sports, lifestyle, and entertainment media brand on the internet. The company creates innovative, comedic content with massive distribution on multiple platforms, including podcasts, videos, social, live events, pay-per-view, and subscriptions. Barstool Sports was founded in 2004 and is based in New York City.

- Sold to Management -

PENN Entertainment

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