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Penn Entertainment’s purchase of Barstool Sports is showing signs of growing pains.
Barstool host Ben Mintz was fired by Penn for saying a racial slur as part of a song lyric during a livestream last week. Barstool president Dave Portnoy announced the news on Twitter – and this is key – added that Penn made the decision.
"By the way for everybody saying Barstool is dead to them I knew this would happen,' Portnoy wrote on Twitter on Wednesday. 'I said it's so against everything we stand for that it could be a death blow. Penn understood this. They still did it. That's how frightened they were of regulators who operate with no impunity."
Penn’s stock, which was trending well all week, dropped after the news broke to its lowest price since May 2020. The drop repr