{"id":226,"date":"2021-05-17T16:20:24","date_gmt":"2021-05-17T13:20:24","guid":{"rendered":"https:\/\/xxbet-company.com\/penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze\/"},"modified":"2021-05-17T16:20:24","modified_gmt":"2021-05-17T13:20:24","slug":"penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/ja\/penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze\/","title":{"rendered":"Penn National Gaming Leveraging Barstool, Portnoy to Join NFT Craze"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/ja\/penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze\/#Barstool_Sportsbook_Angle\" title=\"Barstool Sportsbook Angle\">Barstool Sportsbook Angle<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/ja\/penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze\/#Barstool_Pivotal_to_Penn_Outlook\" title=\"Barstool Pivotal to Penn Outlook\">Barstool Pivotal to Penn Outlook<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/xxbet-company.com\/ja\/penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze\/#Whats_an_NFT\" title=\"What\u2019s an NFT?\">What\u2019s an NFT?<\/a><\/li><\/ul><\/nav><\/div>\n<p>Penn National Gaming (NASDAQ:PENN) is finding unique ways to capitalize on its stake in <i>Barstool Sports.<\/i> It is now entering the hot non-fungible token (NFT) space with an image of the media company\u2019s founder, David Portnoy.<\/p>\n<figure aria-describedby=\"caption-attachment-171871\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-171871 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-142x80.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-142x80.jpg?x38396\" alt=\"Portnoy NFT\" width=\"1200\" height=\"675\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP.jpg 1403w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-171871\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-142x80.jpg?x38396\" alt=\"Portnoy NFT\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DP.jpg 1403w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\"><em>Barstool Sports<\/em> founder David Portnoy pictured at an event above. He\u2019s selling an NFT to drum up interest in Barstool Sportsbook. (Image: <em>Variety<\/em>)<\/figcaption><\/figure>\n<p>The brash, ubiquitous Portnoy, famed for <a href=\"https:\/\/www.casino.org\/news\/penn-national-gaming-is-rumored-to-be-interested-in-barstool-sports\/\" rel=\"nofollow noopener\" target=\"_blank\">his reviews of local pizzerias<\/a>, is the centerpiece of the NFT called \u201cOne Bite Pizza Review of Blocks Pizza Deli (Miami) \u2014 Featuring Guy With No Arms.\u201d<\/p>\n<p>\u201cDave reviews Blocks Pizza in Miami and honors Kobe Bryant while a guy with no arms passes by. This NFT is limited to just one edition and will never be minted again,\u201d according to <i>Barstool<\/i>.<\/p>\n<figure aria-describedby=\"caption-attachment-171872\" data-style=\"width: 406px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-171872 size-full lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT-107x142.png?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT-107x142.png?x38396\" alt=\"portnoy token\" width=\"406\" height=\"541\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT.png 406w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT-107x142.png 107w\" sizes=\"(max-width: 406px) 100vw, 406px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-171872 size-full\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT.png?x38396\" alt=\"portnoy token\" width=\"406\" height=\"541\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT.png 406w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/NFT-107x142.png 107w\" sizes=\"(max-width: 406px) 100vw, 406px\" title=\"\"><figcaption class=\"text-description\">The non-fungible token featuring <em>Barstool Sports<\/em> founder David Portnoy that\u2019s up for auction. (Image: <em>Barstool Sports<\/em>)<\/figcaption><\/figure>\n<p>At this writing, the high bid on the token <a href=\"https:\/\/bsnft.io\/\" rel=\"nofollow noopener\" target=\"_blank\">is $6,523.39<\/a>, up from $2,620 just a few hours ago.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Barstool_Sportsbook_Angle\"><\/span>Barstool Sportsbook Angle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Barstool Sportsbook <a href=\"https:\/\/www.casino.org\/news\/penn-stock-jumps-thanks-to-bullish-barstool-sportsbook-view\/\" rel=\"nofollow noopener\" target=\"_blank\">is a centerpiece<\/a> of Penn National\u2019s growth strategy, and there are some ties between the burgeoning online sports betting unit and the NFT auction.<\/p>\n<div class=\"callout\">\n<p>Not only will the winning bidder procure the aforementioned token, that person will also get the opportunity to watch a game with Portnoy. During that event, the <i>Barstool <\/i>boss will put a bet on the game equivalent in size to the top bid on the NFT. If the wager wins, Portnoy \u201cwill refund the winning bid to the winning bidder,\u201d according to <i>Barstool<\/i>.<\/p>\n<\/div>\n<p>Portnoy holds no official executive position at Penn National Gaming. But in investment circles, he\u2019s often seen <a href=\"https:\/\/www.casino.org\/news\/david-portnoy-of-barstool-fame-is-public-voice-of-new-buzz-etf\/\" rel=\"nofollow noopener\" target=\"_blank\">as the face of the company<\/a>. Blunt and controversial, he\u2019s been a consistent cheerleader for Penn stock, criticizing analysts that dare be bearish on the shares. He\u2019s also essential to Penn\u2019s personality-based model for Barstool Sportsbook \u2014 one that helps the gaming company cobble together market share without the significant customer acquisition costs faced by rival operators.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Barstool_Pivotal_to_Penn_Outlook\"><\/span>Barstool Pivotal to Penn Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last week, Moody\u2019s Investors Service raised its outlook on Penn\u2019s B1 credit rating to \u201cstable\u201d from \u201cnegative\u201d, noting Barstool Sportsbook is part of the reason for that positive change.<\/p>\n<p>\u201cPositive consideration is also given to Penn\u2019s minority ownership in, and relationship with, Barstool Sports, Inc., a digital sports media company, which Moody\u2019s believes will enable the company to benefit in the retail and online gaming and sports betting markets,\u201d said the research firm.<\/p>\n<p>The mobile betting app is live in Illinois, Michigan, and Pennsylvania, with Penn targeting Indiana and New Jersey as the next states it will bring the wagering platform to. It\u2019s expected Barstool Sportsbook will be live in 10 states by the start of the 2021 NFL season.<\/p>\n<div class=\"callout\">\n<h2><span class=\"ez-toc-section\" id=\"Whats_an_NFT\"><\/span>What\u2019s an NFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A non-fungible token (NFT) is a unit of data stored on the blockchain. NFTs can be applied to a variety of digitized items, such as audio and video files as well as pictures.<\/p>\n<\/div>\n<p><strong>Driven in large part by scarcity, NFTs recently became an investable asset class, with one produced by the artist known as Beeple selling for <a href=\"https:\/\/foreignpolicy.com\/2021\/03\/19\/nft-beeple-69-million-art-crypto-nonfungible-token\/\" rel=\"nofollow noopener\" target=\"_blank\">more than $69.3 million<\/a> at a Christie\u2019s auction.<\/strong><\/p>\n<p>That\u2019s, by far, the highest price paid to date for an NFT. But others have stretched into the millions of dollars. For example, a buyer paid $2.9 million in March for the first tweet sent by Twitter founder and CEO Jack Dorsey.<\/p>\n<p>Other well-known companies getting in on the NFT craze include Playboy and baseball card giant Topps.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/portnoy-selling-nft-could-spark-interest-in-barstool-sportsbook\/\" target=\"_blank\">Penn National Gaming Leveraging Barstool, Portnoy to Join NFT Craze<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Penn National Gaming (NASDAQ:PENN) is finding unique ways to capitalize on its stake in Barstool Sports. It is now entering the hot non-fungible token (NFT) space with an image of the media company\u2019s founder, David Portnoy. Barstool Sports founder David Portnoy pictured at an event above. He\u2019s selling an NFT to drum up interest in Barstool Sportsbook. (Image: Variety) The brash, ubiquitous Portnoy, famed for his reviews of local pizzerias, is the centerpiece of the NFT called \u201cOne Bite Pizza Review of Blocks Pizza Deli (Miami) \u2014 Featuring Guy With No Arms.\u201d \u201cDave reviews Blocks Pizza in Miami and honors Kobe Bryant while a guy with no arms passes by. <a href=\"https:\/\/xxbet-company.com\/ja\/penn-national-gaming-leveraging-barstool-portnoy-to-join-nft-craze\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/226"}],"collection":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/comments?post=226"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media\/227"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media?parent=226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/categories?post=226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/tags?post=226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}