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According to a story from CDC Gaming Reports, the Wyomissing-based firm is responsible for 41 land-based casinos spread across 19 states and completed the open-market sale of about 16. It later pronounced that it would be rebranding its own retail sportsbooks under the Barstool brand and launching a mobile-friendly sportsbetting app with the intent of increasing and expanding its customer base. (GiG) (STO: GIGSEK) and Hard Rock International (HRI) have agreed to a “mutual termination” of their platform and sportsbook services arrangement....

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We have a high quality, innovative omnichannel solution that we have built out of work with HRI and a very competitive casino offering that can be tailored to the US market which we believe can lead to future success as more states begin to regulate online.Opportunities beyond:In a statement in a company press release, Chief Executive Officer for Gaming Innovation Group, Richard Brown, commented on the parting of ways…“Through the partnership with HRI the GIG organisation has been able to build and customise a very strong omnichannel product which has helped HRI online to break records during 2020.”Added advancements:Snowden reportedly explained that Penn National Gaming Incorporated will now moreover look to add new products and features to the online sportsbetting innovation while simultaneously bringing Barstool-branded retail sportsbooks and bars to its estate of land-based casinos....

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Important investment:Penn National Gaming Incorporated reportedly spent roughly 3 million in January so as to acquire a 36% stake in digital media publisher Barstool Sports Incorporated, which then had around 66 million viewers for a range of online and social media content.14 billion alongside an associated cashflow that could be anywhere from 0 million to 0 million.’Reportedly read a statement from Snowden…“This successful offering provides our company with additional resources to accelerate our unique omni-channel strategy including launching the Barstool sportsbook app into new markets....

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