Barstool Sports Owner’s Stock Plunges Following ‘Violent’ Sex Allegations About President Dave Portnoy

UPDATED: Shares of Penn National Gaming fell more than 20% Thursday, after the publication of an article in which several women alleged that they had “violent and humiliating” sexual encounters with Dave Portnoy, president of Barstool Sports. Penn National, which operates casinos, racetracks and online sports betting, owns a significant equity stake in Barstool.

The drop in Penn National’s stock price also came after the company missed Q3 earnings expectations. Revenue climbed 34%, to…


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