And his “One Bite” pizzeria reviews are fire.
BARSTOOL RUNDOWN NOVEMBER 11 2015 PROFESSIONAL
Without Barstool, this writer would have given up on following professional American sports with any alacrity long ago. This is not a dig at Portnoy – even though he plays one on the internet. But the world needs to confront a significant truth: taxpayers may also be bailing out the irresponsible, the reckless and, well, the jerks. The pandemic is not a time for Old Testament justice. It’s the right thing to do, goes the argument, because they employ millions of ordinary people. So, too, will airlines, hotels, cruise operators and myriad other industries across the globe.
The reality of the economically existential coronavirus crisis is that casinos – who profit from impoverishing customers – will probably receive a government lifeline. The American Gaming Association, the industry’s trade body, urged elected leaders, in language suggesting it wants a bailout, “to support the workers and businesses who will bear the brunt of those effects.” From the Margaritaville Resort in Bossier City, Louisiana to the Greektown in Detroit, Penn shuttered all its gambling dens to thwart Covid-19’s spread and plans to pay most of its 25,000-plus “team members” until the end of March. Penn’s cratering is not El Presidente’s fault. “I’m down 30 mil,” Portnoy said on Wednesday’s “Barstool Rundown” show. The shares are now worth less than fifth of what they were then. Portnoy was so enamored of Penn he took a big slug of stock as consideration. It looked like a home run at the time: Penn’s market value surged by $1.3 billion after agreeing to pay $163 million for 36% of Barstool on hopes its 66 million monthly unique visitors, or “stoolies,” would vault Penn into the online betting majors. A month ago, he sold Barstool to casino operator Penn National Gaming. Yet none of that could compare to what was happening to Portnoy’s net worth. A man watches the game after betting at the FANDUEL sportsbook during the Super Bowl LIII in East Rutherford, New Jersey, U.S., February 3, 2019.
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