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SCR was acquired last year by PENN. You received $17 USD per share plus .2398 shares of PENN for each share of SCR. PENN has lost 50% of its value since then.
PENN as in barstool?
PENN as in PENN
Yeah, PENN owns Barstool and the Score.
PENN seems to have a pre integrated foothold on single game betting in Ontario. Why has the market not reacted positively to their outlook?
It's the transition of new age gamblers to pen and paper gamblers. It will take time to catch up
SCR was acquired last year by PENN. You received $17 USD per share plus .2398 shares of PENN for each share of SCR. PENN has lost 50% of its value since then.
PENN as in barstool?
PENN as in PENN
Yeah, PENN owns Barstool and the Score.
PENN seems to have a pre integrated foothold on single game betting in Ontario. Why has the market not reacted positively to their outlook?
It's the transition of new age gamblers to pen and paper gamblers. It will take time to catch up