Penn lays off about 100 employees as it focuses on ESPNBet growth

The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational efficiencies following its 2021 acquisition of Canadian media and gaming powerhouse theScore. "When PENN acquired theScore, we hit the ground running with the build-out of our proprietary tech stack and the migration of our sportsbook to theScore's best-in-class-platform," Snowden wrote in the memo, which was seen by CNBC. "T ...