Dave Portnoy, Sexual Misconduct Claims Stall Barstool Sale

State playing regulators are investigating Barstool proprietor Dave Portnoy for sexual misconduct allegations amidst the corporate’s sale to Penn Nationwide Gaming. [Image: Flickr.com/Zach Catanzareti Photo]

Portnoy, Barstool underneath hearth

Playing regulators in Nevada and Indiana are investigating sexual misconduct claims centered round Barstool founder Dave Portnoy. 

The investigation comes as Penn Nationwide Gaming (PNG), a minority proprietor of Barstool, is trying to totally purchase the popular culture and sports activities media firm, in addition to its sportsbook. The Barstool sportsbook is lively in Indiana, and PNG operates casinos in each states.

Nevada Gaming Management Board chairman Brin Gibson shared his mission as the top of the board in a press release to the Wall Avenue Journal.

defend the fame of the state and the fame of the state’s gaming trade”

“[Our duty] is to guard the fame of the state and the fame of the state’s gaming trade,” stated Gibson.

Dave Portnoy’s historical past of allegations

The investigation comes off the again of a number of sexual misconduct claims levied in opposition to Portnoy in current months.

The 44-year-old has change into extraordinarily standard with many crowds, particularly within the youthful technology. His firm dabbles in reporting, podcasting, and betting, which makes him particularly standard with this demographic.

Brin Gibson shared that he beforehand requested details about Portnoy from Penn throughout a public board assembly in December; this was motivated by allegations of tough intercourse that prompted Penn’s shares to drop over 20%

A number of ladies additionally claimed that the Barstool proprietor filmed them in the course of the incidents with out permission.

the encounters become scary and humiliating experiences”

“Some ladies, as younger as 19 who had no skilled connection to Portnoy, recounted having sexually express on-line exchanges with him,” stated Julia Black, an investigative reporter. “Three of those ladies stated that they had intercourse with Portnoy, now 44, and that the encounters become scary and humiliating experiences which have taken a toll on their psychological well being.”

The Indiana Gaming Fee additionally launched an investigation into Penn and Barstool “associated to the current information articles about Mr. Portnoy.”

Portnoy has vehemently denied the claims introduced forth by the ladies in query, responding with a number of video clips and statements. He additionally stands on all sexual encounters and videotaping being consensual. 

The Barstool proprietor is suing Julia Black for her reporting on the story.

Penn Nationwide Gaming stays dedicated to helping the investigations in Nevada and Indiana. Chief Govt Jay Snowden stated that Penn has answered each query and is frequently updating each events with new data.

Penn nonetheless plans to proceed with the acquisition of Barstool.

Penn’s plan to purchase Barstool

PNG’s buy of Barstool is its try to increase its attain on the again of Barstool’s on-line recognition. With different dominant corporations and sportsbooks stealing giant parts of the market, Penn views the acquisition as a solution to take management of the playing house.

Penn additionally hopes that the acquisition will scale back the necessity for promoting prices, which have doomed a number of opponents. 

Barstool grew its on-line presence by over 25% final 12 months and made huge progress in new fields, most notably by touchdown the broadcasting rights to the Arizona Bowl. The sport was cancelled, nonetheless, due to a COVID-19 outbreak amongst gamers at one of many taking part faculties.

“They’re worthwhile, which is uncommon for lots of digital media companies,” stated Snowden. “They’ve delivered on what they stated they’d do.”

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