Pairing theScore with Barstool Sports will provide Penn National with two of North America’s “most powerful and unique sports media assets,” giving the company the capabilities to generate best-in-class engagement and enhanced customer acquisition and retention across its media and gaming properties.

Given theScore’s status as the third most popular sports media app in North America and number one in Canada, Penn National believes that by adding its fully integrated media and betting platform, as well as its cutting-edge technology, it will further strengthen its existing ecosystem and ability to seamlessly serve its customers. The company has now created “a complete one-stop entertainment destination.” The acquisition of theScore aims at fortifying Penn National’s digital media and gaming strategy, explains the Pennsylvania-based casino operator in a press statement. The deal was carried out for total consideration of approximately $2.0 billion in cash and stock. Penn National Gaming has completed the acquisition of Score Media and Gaming Inc., announced the company on Tuesday. Moreover, the combined company is also expected to be well-position for growth, including the expected opening of sports betting and iGaming in Ontario later this year.

Paired with Barstool Sports, the company expects to have a powerful sports media offering in the North American market. Here is what Baron Focused Growth Fund has to say about Penn National Gaming, Inc.The theScore acquisition aims at fortifying Penn National's digital media and gaming strategy. The stock closed at $25.84 per share on June 15, 2023. (NASDAQ:PENN) delivered a -16.20% return since the beginning of the year, while its 12-month returns are down by -9.16%. (NASDAQ:PENN) is a Wyomissing, Pennsylvania-based sports entertainment company with a $3.8 billion market capitalization. Founded in 1982, Penn National Gaming, Inc. (NASDAQ: PENN) and explained its insights for the company. In its Q1 2023 investor letter, Baron Focused Growth Fund mentioned Penn National Gaming, Inc. Spare some time to check the fund’s top 5 holdings to know more about their top bets for 2023. This remarkable performance can be attributed to the resilience and robust demand witnessed by companies held within the Fund's portfolio. During the quarter ending on March 31, 2023, the Fund's Institutional Shares exhibited a notable increase of 14.49%. Baron Funds, an investment management firm, released its “Baron Focused Growth Fund” first quarter 2023 investor letter, a copy of which can be downloaded here.

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