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Both parties were in agreement that while the relationship was a “fruitful” one, culminating in an upswing in results during 2020, they were unable to come to terms for a commercial agreement that would support the other’s strategic aims.Important investment:Penn National Gaming Incorporated reportedly spent roughly 3 million in January so as to acquire a 36% stake in digital media publisher Barstool Sports Incorporated, which then had around 66 million viewers for a range of online and social media content. (GiG) (STO: GIGSEK) and Hard Rock International (HRI) have agreed to a “mutual termination” of their platform and sportsbook services arrangement....
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”Added advancements:Snowden reportedly explained that Penn National Gaming Incorporated will now moreover look to add new products and features to the online sportsbetting innovation while simultaneously bringing Barstool-branded retail sportsbooks and bars to its estate of land-based casinos. We have a high quality, innovative omnichannel solution that we have built out of work with HRI and a very competitive casino offering that can be tailored to the US market which we believe can lead to future success as more states begin to regulate online.Accordingly, GiG will be immediately released from an exclusivity clause in the contract with Hard Rock, allowing for the Malta-headquartered B2B company to pursue new business prospects in the U....
