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Penn National CEO Backs Portnoy After Sex-Misconduct Claims

Dave Portnoy
Dave Portnoy

Photographer: Slaven Vlasic/Getty Images

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The chief executive officer of Penn National Gaming Inc. urged investors to be patient, after a report detailed three additional sexual misconduct claims against Dave Portnoy, the founder of its Barstool Sports media business.

At the start of the casino operator’s earnings call Thursday, CEO Jay Snowden addressed a new article published by Insider on Wednesday. Penn National, based in Wyomissing, Pennsylvania, owns 36% of Barstool and has agreed to buy the rest.