STUART: VOMITED IPO TEN DAYS TWO
WEEKS AGO, THIS MORNING A NICE
GAIN FOR THE STOCK PRICE 5744 IS
THE PRICE AND THAT’S UP OVER 4%
LOOK WHO’S HERE DAVE PORTNOY THE
MAN HIMSELF, YOU BLAMED
ROBINHOOD AFTER YOU LOST
$700,000 ON GAMESTOP WHAT DO YOU
THINK ABOUT ROBINHOOD NOW.
>> HE’S LIKE A BAZILLION OR HE’S
GOT MONEY ON TOP OF RUNNING I
INVESTED ON A PRINCIPAL BUT
THERE’S NOT MUCH YOU CAN SAY
RIGHT NOW HE CAN BUY ME A
HUNDRED TIMES OVER SO HE WENT.
STUART: DEMOCRATIZING INVESTING
YOUR BIG ON NOT.
>> I’M STILL SCARRED GAMESTOP I
THINK THERE’S SOME WEIRD STUFF
THAT WENT ON, I LIKE TAKING
MONEY BUT I STILL HAVE
PRINCIPLES.
STUART: REALLY, OKAY.
[LAUGHTER]
IT SEEMS TO ME THAT YOU’RE IN
THE BUSINESS OF CREATING A
VERTICALLY INTEGRATED SPORTS
BETTING OPERATION OF MAJOR
PROPORTIONS YOUR GOOD OPEN
SPORTS BARS, YOU YOURSELF ARE
GOING TO DO THIS IN CHICAGO,
PHILADELPHIA AND I UNDERSTAND
YOU’RE DOING SOMETHING WITH THE
ARIZONA BOWL AND WHAT ELSE YOU
GOT, YOU’RE PART OF PENN
NATIONAL YOU ADDED UPPITY OF A
PYRAMID OF SPORTS BETTING POWER
EURO MOGUL.
>> WERE TRYING TO BUILD THE MOST
GAMBLING COMPANY THAT YOU CAN
FIND IN PENN REQUIRED US IN THE
SCORE FOR $2 BILLION OR ROUGHLY
AROUND THE LAST WEEK.
BASICALLY WE WANT TO GET MEDIA
GAMBLING CONVERGENT IN A NEW
GENERATION GET SPORTS NEWS ARE
LOOKING TO GAMBLE THEY COME TO
US IT IS A BIG DEAL AND EXCITING
TIME IN THE WHOLE INDUSTRY.
STUART: WHAT IS FUTURISTIC ABOUT
IT.
>> I THINK IT’S A NEW WAY
OBVIOUSLY SPORTS GAMBLING WE
WANT TO COVER FROM A DIFFERENT
ANGLING THE ARIZONA BOWL NEW
YEAR’S EVE DAY THAT’S A BOWL
THAT WE WILL COVER FROM THE
FIRST TIME STRICTLY STREAMING IT
AND WE WILL BE ALLOWED TO PUT
OUR OWN PEOPLE IN THE BOOTH,
CALLED THE GAME AND SIDELINE
REPORTER IN ORDER TO RECOVER FOR
THE FIRST TIME, NOT ONLY
TRADITIONALLY THAT PROVIDE
GAMBLING ANGLE PEOPLE DON’T KNOW
WHAT’S GOING ON WHAT THE SPREAD
MATTERS AND WE THINK WE’VE
REACHED A NEW GENERATION OF
GAMBLERS THAT WILL LOOK AT
SPORTS A LITTLE BIT DIFFERENTLY
AND BECOMING ACCEPTED EVERY
LEAGUE IS BEGINNING TO ACCEPT IT
EMBRACE IT BECAUSE THERE’S MONEY
TO BE MADE.
STUART: PENN NATIONAL IS PAYING
$2 BILLION FOR THE SCORE, DO
THEY NOT PAY YOU ENOUGH FOR
THEIR STEAK AND BARSTOOLS
BOARDS,.
>> WE GOT SCREWED, HERE’S THE
DEAL WE SET THE MARKET, I DON’T
THINK PENN PAID 450 MILLION,
THAT WAS THE PRICE AND IF YOU GO
BACK AND READ WHAT PEOPLE SAID
AT THE TIME THEY SAID THAT’S A
LOT OF MONEY, AND FOR BEING
HONEST WE NAME THE PRICE THERE
WAS AN ATTENTIVE NEGOTIATION WE
NAMED IT BUT IT WAS A SUCCESS I
THINK THE STOCK PRICE WAS 26 WHEN WE DID THE DEAL AND PIN IS
WHEN WE DID THE DEAL AND PIN IS
AROUND 76 RIGHT NOW AND I SAID
TO A LOT OF PEOPLE HOW IMPORTANT
TO HAVE A MEDIA THAT CAN REACH
YOUR AUDIENCE INSTEAD OF
SPENDING BILLIONS TO REQUIRE OUR
COMPETITORS HAVE TO SPEND SO
MUCH MONEY TO REQUIRE CUSTOMERS
WERE TRYING TO GET EXISTING
MEDIA COMPANIES OF HOUSE DEBATE
I GUESS THE PHILOSOPHY THAT WE
BUY INSTEAD OF RENT, WE OWN WHAT
WE HAVE.
A MAJOR LEAGUE BASEBALL OR THE
NFL WHEN THE QUARTERBACK SIGNED
IT’S A HUGE DEAL AND WE SET THE
MARKET, WE PROBABLY WOULD GO FOR
BILLIONS IF WE WERE BACK ON THE
MARKET.
YOU’RE TRYING TO HURT ME ON A
MONDAY AND YOU’RE HURTING ME.
STUART: ME HURTING YOU ON MONDAY
I WOULD NEVER DO SUCH A THING.
>> THE CEO OF PENN MADE A GREAT
DEAL AND I THINK WHAT PEOPLE
LOOK BACK AT THIS SPORT DEAL
THAT’S GONNA LOOK LIKE A STEEL
AND A COUPLE OF YEARS AS WELL.
STUART: THEY BOUGHT YOU BECAUSE
YOU’RE A LEADING PERSONALITY IN
THE WORLD OF SPORTS EMBEDDING,
YOU GET AUDIENCES, PEOPLE WATCH
YOU, YOU’RE A SHARP EDGE GUY,
THAT’S WHAT THEY BOUGHT.
>> I KNOW AND THE NETWORK THEY
BOUGHT THE STORY I TRIED TO BUY
THE SCORE BEFORE WE WERE PART OF
PENN I GAMBLED MY WHOLE LIFE, I
HAVE THE SCORE ON MY PHONE AND I
CHECKED SCORES FOR A DECADE I
WAS VERY AWARE HOW IMPORTANT
THIS IS AN OG GAMBLING SITE NOT
ONLY DID PENN BY BARSTOOL SPORTS
THEY BOUGHT MY BRAIN AND THEY
BOUGHT PUBLIC GAMBLERS.
THE SCORE WAS A TARGET, THIS IS
SOMETHING THAT WE THOUGHT THERE
IS A LOT OF GAMBLING COMPANIES,
I SAID ONE POINT MUNSON MONTH TO
MONTH AGO I DID NOT KNOW HE
COULD GET THE DEAL DONE BUT THE
ONLY COMPANY I WOULD OVERPAY FOR
IS A SPORT BECAUSE I I USE THEM
FOREVER THEY BOUGHT INSIGHT.
I WAS HAPPY WITH THE DEAL.
STUART: WHAT ABOUT THE CHARITY
GOLF GAME, HE’S GOING TO PLAY
LEFT-HANDED RIGHT?
>> CORRECT, I’M VERY CONFIDENT
IN MYSELF BUT I KNOW I CANNOT
BEAT HIM, HE’S WON A TON OF
MAJORS SO I DID WIN THE U.S.
OPEN AND THAT MAY CLARIFY THEY
SAID I COULDN’T BEAT THE U.S.
OPEN SCORE WITH UNLIMITED
MULLIGANS WHICH I DID SO I
DECLARED MYSELF CHAMPIONED AND
HE HAD A TERRIBLE LEFT-HANDED
SPRING AND NEXT THING I KNOW I
250,000-DOLLAR BET THE WINNER
GETS TO CHOOSE THE CHARITY AND
HE PLAYS LEFTY AND I AM A LEFTY,
HE MAY HAVE BEEN SANDBAGGING ME
A LITTLE BIT BUT LET ME SAY THIS
ABOUT CAPA, HE’S MENTALLY WEAK
IN A MENTALLY STRONG SO THE
COUNTRY CLUB KIDS ARE NOT BEING
USED TO THIS AND OTHER SOFT
GOLFERS WILL SEE HOW HE DOES
WHEN THE PRESSURE IS ON.
STUART: THIS IS DAVE PORTNOY AT
HIS BEST HE IS MENTALLY WEAK
THERE’S A HEADLINE EVERYBODY
WILL GRAB A HOLD OF AND YOU CAN
HAVE A GRUDGE MATCH.
>> HE IS MENTALLY WEAK, YOU SEE
HIM HE’S AFRAID TO STEP ON THE
COURT.
STUART: ARE YOU GOING TO TRASH
TALK DURING THE MATCH WITH HIM.
>> OF COURSE THAT’S MY WHOLE
GAME PLAN GET HIS PLAN OWN
BEACHFRONT IN HIS BRAIN AND
WATCH THEM FOLD.
STUART: I DON’T KNOW WHERE TO GO
WITH THIS INTERVIEW I’M HAVING A
GOOD TIME.
LAST ONE, CRYPTO’S, WHAT ARE YOU
DOING WITH CRYPTO’S YOU MAJOR
BIG-NAME WITH SAFE MOON OR
SOMETHING CRAZY.
>> I PUT 40 GRAND AND IT’S DOWN
TO TEN AND I STILL HAVE THAT I
GET TROOP FOR THE ALL THE TIME
OBVIOUSLY BITCOIN IS MAKING A
COMEBACK I SEE A POP-UP IT’S
GOING UP AND DOWN I STILL OWN
BITCOIN AND NOT A TON OF EITHER
THERE IS LEGISLATION YOU NEVER
KNOW WHAT WILL HAPPEN BUT
BITCOIN IS HERE TO STAY SO I
THINK IT’S A GOOD INVESTMENT BUT
I THINK IT WOULD HAVE UPS AND
DOWNS BECAUSE THERE’S SO MUCH TO
BE DETERMINED IN THE NEW
INFRASTRUCTURE BILL THAT WILL
LOOK BACK BUT BITCOIN IS HERE TO
STAY I DO BELIEVE THAT.
STUART: WE WILL ENDED THEIR EURO
PRICE PERFORMER AND IT’S GREAT
TO HAVE YOU ON THE SHOW I DON’T
KNOW HOW YOU DO IT YOU’RE AN
ORIGINAL AND HUMAN FOR ONE THING
TO ANOTHER FROM CRYPTO TO GOLF.
>> THEY SAID I WAS SUPPOSED TO
BE ON FRIDAY AND THEY SAID YOU
WEREN’T IN AND I SAID I ONLY DO
IT WAS STUART.
STUART: FLATTER IS THE MOTHER’S