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<ul><li>OYO Hotel &amp; <keyword id="8016838" type="UNKNOWN" weightage="20" keywordseo="casino-in-las-vegas">Casino in Las Vegas</keyword> will have 657 rooms. </li><li>The property was earlier a <keyword id="8016837" type="UNKNOWN" weightage="20" keywordseo="hooters-casino-hotel">Hooters Casino Hotel</keyword>. </li><li>Earlier in June, OYO has announced its decision to invest $300 million in the US.</li></ul>Indian hospitality unicorn OYO has opened a 35,000 square-foot casino in Las Vegas. Called OYO Hotel &amp; Casino, the property will have 657 rooms across nineteen floors. Interestingly, the hotel was earlier the Hooters Casino Hotel. “Earlier in June, we announced our plan to invest $300 million in the US. With our newest hotel in Las Vegas, we are excited to cater to a completely different audience segment and are certain that this will be the perfect start to OYO’s journey in Las Vegas,” said <keyword id="1670338" type="PERSON" weightage="20" keywordseo="Ritesh-Agarwal">Ritesh Agarwal</keyword>, Founder &amp; CEO, <keyword id="4964826" type="PERSON" weightage="20" keywordseo="OYO-hotels">OYO Hotels</keyword> &amp; Homes. OYO partnered with Highgate which will take over the management of the hotel. Highgate is a premier hospitality investment and management company. Meanwhile, the casino will be managed by Paragon Gaming. The $5 billion company is already the largest network of hotels and rooms in South Asia, and is the second largest in China. Now, it is looking to enter big markets like New York, Los Angeles and San Francisco. It already has 50 hotels across 15 states in the US, with 350 employees. It is currently present in cities like Dallas, Houston, Augusta, Atlanta and Miami.

OYO opens a 35,000 sft casino in Las Vegas by rebranding a Hooters hotel

<ul><li>With the spread of <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword>, Indian hotel chain <keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword> Hotels &amp; Homes is offering free stay to doctors and healthcare providers in the US. </li><li><keyword id="21449" type="PERSON" weightage="20" keywordseo="Ivanka-Trump">Ivanka Trump</keyword>, the senior advisor to the US President Donald Trump, announced the news on Twitter. </li><li>Earlier, OYO founder Ritesh Agarwal offered <keyword id="2550719" type="PERSON" weightage="20" keywordseo="OYO-Rooms">OYO rooms</keyword> to be set up as quarantine centres in India.</li></ul>Indian hotel chain OYO Hotels &amp; Homes is offering free stay to doctors and healthcare providers in the US. Ivanka Trump, the senior advisor to the US President Donald Trump, announced the news on Twitter. She wrote, “These kinds of impactful acts of benevolence are what help keep this Nation and our world #TogetherApart.” 
	<div type="twitter" handle="IvankaTrump" handlename="Ivanka Trump" image="http://pbs.twimg.com/profile_images/1054179226100908032/i5ZXfFdE_normal.jpg" favoritecount="4576" retweetcount="1197" status="OYO Hotels are offering free stays to our amazing medical professionals and first responders fighting this virus on… https://t.co/Kzy2t7UgwF" createdat="1585065200000" id="1242479622069067776"></div>


 "All of us at OYO are grateful for the bravery and sacrifices all the medical personnel are making to save lives and stop the spread of Covid-19. To all the medical personnel fighting this disease on the front lines, we welcome you and we can't be grateful enough.," said Ritesh Agarwal, <a href="https://www.prnewswire.com/news-releases/oyo-hotels--homes-offers-free-stays-to-medical-personnel-fighting-the-spread-of-covid-19-301029003.html">founder and CEO, OYO Hotels &amp; Homes</a>. In the wake of coronavirus spread, healthcare professionals globally are putting in immense amount of hours and hard work, while also putting their lives at risk. Through this initiative first responders will get free accommodation at OYO hotels in the US. "OYO's offer shows what America is all about. If we come together and help each other, show kindness and determination, there isn't a challenge we won't overcome. This is a great idea that will help physicians and other health care providers on the front lines during this unprecedented crisis, and I hope others will join them," said Robert Seligson, CEO, North Carolina Medical Society. Earlier, Agarwal offered OYO rooms to be set up as quarantine centres in India. With the Coronavirus pandemic and stark increase in the number of positive cases in the country, the government is looking to set up more and more <a href="https://www.businessinsider.in/india/news/these-are-the-coronavirus-quarantine-facilities-in-delhi-mumbai-hyderabad-and-other-parts-of-india/articleshow/74650950.cms">quarantine centres</a>. Agarwal replied to a Twitter suggestion to convert OYO rooms into quarantine centres and said he would be open to implementing the same across cities. 
	<div type="twitter" handle="riteshagar" handlename="Ritesh Agarwal" image="http://pbs.twimg.com/profile_images/991976929271074817/9rgFBPoK_normal.jpg" favoritecount="870" retweetcount="172" status="We're open to supporting this and support @MoHFW_INDIA and in the process across Cities... Ofcourse would require… https://t.co/8JbbuKau3t" createdat="1584360582000" id="1239524240400891905"></div>



 OYO entered the US market earlier in 2019. By the end of 2019, the company had over 280 hotels across 39 states. As a part of its US expansion, OYO had also opened a 35,000 square-foot casino in Las Vegas called OYO Hotel &amp; Casino. The property, which was earlier a Hooters Hotel, has 657 rooms across nineteen floors. See Also: <a href="https://www.businessinsider.in/india/news/pm-narendra-modi-24th-march-speech-highlights-and-updates/articleshow/74796963.cms">Prime Minister Modi declares 21-day nationwide lockdown starting midnight</a> <a href="https://www.businessinsider.in/business/startups/news/ritesh-agarwal-ready-to-offer-oyo-rooms-as-quarantine-centres-as-coronavirus-spreads/articleshow/74665964.cms">Ritesh Agarwal ready to offer OYO rooms as quarantine centres as Coronavirus spreads</a>

OYO to offer free stay to doctors and healthcare professionals in the US, says Ivanka Trump

<ul><li><keyword id="1670338" type="PERSON" weightage="20" keywordseo="Ritesh-Agarwal">Ritesh Agarwal</keyword> was the only startup founder to meet US President <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> during the latter’s recent visit to India.</li><li>Agarwal told Trump that he expects to invest $2 billion in the US in the coming few years. </li><li><keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword> is also signing a pledge with <keyword id="21449" type="PERSON" weightage="20" keywordseo="Ivanka-Trump">Ivanka Trump</keyword> to bring more jobs in the US.</li></ul>OYO founder Ritesh Agarwal was the only startup founder to meet US President Donald Trump during the latter’s recent visit to India. During a short conversation with Trump, Agarwal sold his future plans in the US. According to a transcript released by <a href="https://www.whitehouse.gov/briefings-statements/remarks-president-trump-business-roundtable-new-delhi-india/">the White House</a>, Agarwal told Trump that he expects to invest $2 billion in the US in the coming years. He added, “We’re signing a pledge with Ivanka soon that will bring hundreds of thousands of more jobs to people across Texas, Louisiana, North Dakota, and so on.” Ivanka Trump is a senior advisor to her father, the President. When Trump asked whether these were the states they operate in, Agarwal replied that’s where OYO’s presence is ‘most dense’. Trump then said, "I actually know of your company. Not such a small company, by the way. Good job." Agarwal also reiterated that in their last eight months in the US, they have opened a hotel every day. The SoftBank-backed OYO entered the US market in March 2019. During the official launch in June 2019, OYO had said that it is investing $300 million to expand its footprint in the United States. By the end of 2019, the company had over 280 hotels across 39 states. In January 2020, as a part of its reorganization strategy to cut costs, OYO laid off one-third of its employees in the US. However, OYO maintains that its commitment to the US continues to grow. “Annualized revenue has grown from $1 mn in March 2019 to $178 mn in December 2019. We have already committed $300 million to this market and are going full steam ahead with our plans,” Agarwal had written <a href="https://www.oyorooms.com/officialoyoblog/2020/02/05/jan-2020-reflections-on-the-first-month-of-a-big-year-for-oyo">in a blog </a>earlier this month. As a part of its US expansion, OYO had also opened a 35,000 square-foot casino in Las Vegas called OYO Hotel &amp; Casino. The property, which was earlier a Hooters Hotel, has 657 rooms across nineteen floors. See Also: <a href="https://www.businessinsider.in/business/startups/news/us-president-donald-trump-meets-oyo-founder-ritesh-agarwal-tells-him-good-job/articleshow/74319053.cms">US President Donald Trump meets OYO founder Ritesh Agarwal, tells him ‘good job’</a>

OYO’s Ritesh Agarwal tells Donald Trump he will invest $2 billion in the US and partner with Ivanka Trump

<ul><li><keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword>’s losses for the last financial year rose six fold of ₹2384.7 crores. </li><li>The company’s valuation has doubled between September 2018 and October 2019.</li><li>The boost in valuation largely came from the founder buying back shares at an increased price from existing investors.</li></ul>Indian hospitality unicorn OYO, backed by Japanese billionaire Masayoshi Son’s Softbank Vision Fund, is piling up losses. Yet, its valuation continues to soar. A valuation <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/softbanks-oyo-reveals-over-330-mln-annual-loss-revenue-surges-valuation-report/articleshow/72226878.cms">report</a> sourced on OYO’s financials show that the company has reported a loss of ₹2,384.7 crore, almost six times higher than its losses a year earlier. Meanwhile, its operating revenue grew three-fold to ₹6456.9 crore. Whereas the company’s valuation has doubled to $10 billion between September 2018 and now. The magical boost in valuation came from the $700 million invested by founder and CEO <keyword id="1670338" type="PERSON" weightage="20" keywordseo="Ritesh-Agarwal">Ritesh Agarwal</keyword> in October 2019. The money went into buying back shares from existing investors at a higher price, boosting the company’s value. As the iconic investor Warren Buffett famously said, “Price is what you pay, value is what you get.” Agarwal definitely got more value out of the transaction than what he paid for. 
 
 
 
 
 
 
 
 
 



















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 A year ago, OYO had raised over $1 billion, led by SoftBank through SoftBank Vision Fund, with participation from existing investors Lightspeed Venture Partners, Sequoia and Greenoaks Capital and supported by new strategic partners like Airbnb. The piling losses can be attributed to the company’s aggressive expansion to China, South-East Asia, Japan, and then the US. The numbers are alarming for OYO, which <a href="https://inc42.com/buzz/oyo-projects-profitability-by-2022-after-3-9x-higher-losses-in-fy19/">reportedly</a> wants to turn hit profitable by 2022. But the company has gone on the defensive. “These are not the final audited financials and the same will be issued later by the company along with the annual report that we issue every year and file with the RoC as well,” OYO spokesperson told Business Insider. Many <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/after-wework-softbanks-startup-accounting-model-under-fire-oyo-raises-eyebrows/articleshow/72234413.cms">naysayers</a> even predicted a WeWork-like phenomena for SoftBank’s next big celebrated investment – OYO. What started as a hotel room aggregator, OYO has gone on to buy @Leisure Group, an Amsterdam-based vacation rental company, for an estimated $407 million, Hooters Casino in Las Vegas for $135 million, and an 80% stake in Japanese rental apartment operator MDI, along with SoftBank, <a href="https://asia.nikkei.com/Opinion/Oyo-s-business-model-is-looking-a-lot-like-WeWork-s">which reportedly cost over</a> $100 million. Even if the comparison with beleaguered WeWork ⁠— whose valuation had to be written down by $39 billion for Softbank after the founder’s misdeeds came to light ⁠— may seem a bit stretched at this point, investors will do well to remember this warning from Warren Buffet, who said, “ If you buy things you do not need, soon you will have to sell things you need.” See Also: <a href="https://www.businessinsider.in/business/startups/news/oyo-zomato-amazon-and-flipkart-are-in-trouble/articleshow/72235917.cms">Oyo, Zomato, Amazon, and Flipkart are chasing growth but the very foundation is shaking</a> <a href="https://www.businessinsider.in/business/startups/news/saif-partners-investment-thesis-funding-in-unicorn-startups-swiggy-paytm/articleshow/71932586.cms">SAIF Partners invested in Swiggy when they just had a landing page – today they are going after more seed stage startups, here’s why</a>

Bizarre! The more losses Oyo makes, the more valuable it gets

<ul><li>In just four months since its formal entry in the US, Oyo said that it has 100 <keyword id="6368036" type="UNKNOWN" weightage="20" keywordseo="hotels">hotels</keyword> in the market. </li><li>Oyo is present in over 60 cities including Dallas, Las Vegas, Houston, Los Angeles, Seattle, Atlanta and Miami. </li><li>It is already the largest hotel chain in China in terms of rooms.</li></ul>Oyo Hotels &amp; Homes said that it now has 100 hotels in the US. The company entered the US market in June 2019, and scaled its operations in just over four months. It is present in over 60 cities in the US including Dallas, Las Vegas, Houston, Los Angeles, Seattle, Atlanta and Miami. It is adding one building per day, the company says. It had earlier said that it will be investing $300 million into the market. “The US is a key home-market of us given the huge potential. While we continue to transform buildings across the country, we want to stay true to our philosophy that everyone, every day should be #LivingTheGoodLife. We do this by offering good quality ‘value-chic’ accommodations, with great ratings at unique price points,” said <keyword id="1670338" type="PERSON" weightage="20" keywordseo="Ritesh-Agarwal">Ritesh Agarwal</keyword>, founder, Oyo. The $5 billion company already has the largest network of hotels and rooms in South Asia. It is also the largest hotel chain in China in terms of rooms. Recently, OYO had opened a 35,000 square-foot casino in Las Vegas called OYO Hotel &amp; Casin. The property, which was earlier a Hooters hotel, has 657 rooms across nineteen floors.

Oyo now has 100 hotels in the US, is adding one building a day

<ul><li><keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword> founder <keyword id="1670338" type="PERSON" weightage="20" keywordseo="Ritesh-Agarwal">Ritesh Agarwal</keyword> had met <keyword id="15548" type="POSITION" weightage="20" keywordseo="US-President">US President</keyword> <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> during the latter’s recently concluded visit to India. Agarwal was the only startup founder to meet the President.</li><li>OYO entered the US market in March 2019 and has over 280 hotels across 39 states.</li><li>In January 2020, as a part of its reorganization strategy to cut costs, OYO had laid off one-third of its employees in the US. </li></ul>US President Donald Trump was in India for 36 hours and his last leg of the tour included meeting business tycoons like Mukesh Ambani, Anand Mahindra, Ratan Tata and more. Joining the list of dignitaries was OYO founder Ritesh Agarwal. Agarwal was the only startup founder at the event. According to a <a href="https://www.businesstoday.in/current/corporate/i-will-tell-you-exactly-where-to-invest-and-how-to-invest-trump-to-india-inc/story/396896.html">report</a>, when Agarwal introduced himself to Trump, the latter replied, "I actually know of your company. Not such a small company, by the way. Good job." Before he entered politics, Donald Trump was a real estate tycoon himself with plush luxurious residential spaces like Trump Towers, hotels and casinos under The Trump Organization. Agarwal, who has almost always found his name in the list of attendees for startup events organised by the Prime Minister’s Office or the President, had also earlier tweeted about meeting PM Narendra Modi. <div type="twitter" handle="riteshagar" handlename="Ritesh Agarwal" image="http://pbs.twimg.com/profile_images/991976929271074817/9rgFBPoK_normal.jpg" favoritecount="1402" retweetcount="150" status="It's always an honor meeting our PM @narendramodi ji. Your continuous show of support for #IndiaInc &amp; the startup c… https://t.co/re79lKNrnf" createdat="1582519869000" id="1231803727876587520"></div>

 OYO entered the US market earlier in 2019. By the end of 2019, the company had over 280 hotels across 39 states. In January 2020, as a part of its reorganization strategy to cut costs, OYO had laid off one-third of its employees in the US. However, OYO maintains that its commitment to the US continues to grow. “Annualized revenue has grown from $1 mn in March 2019 to $178 mn in December 2019. We have already committed $300 million to this market and are going full steam ahead with our plans,” Agarwal had written <a href="https://www.oyorooms.com/officialoyoblog/2020/02/05/jan-2020-reflections-on-the-first-month-of-a-big-year-for-oyo">in a blog </a>earlier this month. As a part of its US expansion, OYO had also opened a 35,000 square-foot casino in Las Vegas called OYO Hotel &amp; Casino. The property, which was earlier a Hooters Hotel, has 657 rooms across nineteen floors. It is present in over 60 cities in the US including Dallas, Las Vegas, Houston, Los Angeles, Seattle, Atlanta and Miami. It is adding one building per day, the company had said earlier. See Also: <a href="https://www.businessinsider.in/business/startups/news/masayoshi-son-reportedly-called-oyos-ritesh-agarwal-as-the-little-brother-of-the-infamous-adam-neumann-who-wrecked-wework/articleshow/74242392.cms">Masayoshi Son reportedly called OYO's Ritesh Agarwal as "the little brother" of the infamous Adam Neumann who wrecked WeWork</a>

US President Donald Trump meets OYO founder Ritesh Agarwal, tells him ‘good job’

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul class="summary-list"><li>Barstool Sports, which originally launched as a print newsletter for gamblers and fantasy sports players, is returning to its roots with a new app dedicated to sports betters, called Barstool Bets.&#xa0;</li><li>Founder Dave Portnoy and CEO Erika Nardini broke down the strategy for Business Insider.</li><li>Barstool wants to own the audience of US sports betters with the app, which launched earlier this month and is still being fine-tuned.</li><li>Barstool Bets features a free, daily gambling game with cash prizes, live streams of Barstool personalities with actual money on the line reacting to games, and other content and analysis geared toward sports gamblers.</li><li>A US Supreme Court ruling last year opened the door for individual states to legalize sports betting. Barstool is one of many US <keyword id="6354777" type="COMPANY" weightage="60" keywordseo="Media">media</keyword> brands trying to make money off the growing acceptance of sports gambling.</li><li>Barstool wants to build a robust database of new and experienced sports betters to attract new <keyword id="35666" type="COMPANY" weightage="60" keywordseo="advertising">advertising</keyword> dollars, and revenue streams, like affiliate, as more states legalize the activity.</li><li>"It's very, very new in terms of being legal and so there's a need for education," Nardini said. "We think that we can be that influence and that brand that experienced betters, new betters, sports betters, turn to."</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>Barstool Sports is jockeying to become the home for a new generation of gamblers as sports betting becomes legal in more states in the US.The digital-media brand launched a new app, Barstool Bets, earlier this month to familiarize more sports fans with betting, and draw in experienced gamblers with programming made for them.Barstool CEO Erika Nardini and founder Dave Portnoy explained the strategy to Business Insider.Barstool doesn't aspire to run a sportsbook, like <a href="https://www.reuters.com/article/us-media-sports-gambling/murdochs-fox-launches-sports-betting-with-fox-bet-idUSKCN1VN1GO">Fox does</a> through Fox Bet. Instead, the company wants to become the gateway to the nation's sports betters to pull in new advertising dollars and other potential revenue streams, like affiliate revenue.&#xa0;"We are trying to build really this huge database throughout the country that we know, these are people who know how to gamble," Dave Portnoy, founder of Barstool Sports, told Business Insider. "When the new states turn on and make it legal, we think we'll have a powerful database of people who enjoy doing this type of behavior."<h2>Sports betting is in Barstool's DNA.</h2>For Portnoy, the push into sports betting is a return to form.Portnoy launched Barstool in 2003 as a print newsletter for gamblers and fantasy sports players, which drew in advertising support from offshore sportsbooks and poker companies, like Party Poker. Barstool later morphed into a more general audience sports brand, after US regulators cracked down on the online poker sites, limiting the advertising opportunities for a site focused solely on gambling.Now that the regulatory tide has changed again, thanks to a 2018 US Supreme Court ruling that opened the door for individual states to legalize gambling, Barstool sees an opportunity to make a land grab for an audience that has always been close to its DNA.Barstool is not the only media or sports brand trying to win over US gamblers. ESPN airs a sports gambling news show called "Daily Wager"; Turner Sports' <a href="https://variety.com/2019/digital/news/turner-sports-gambling-caesars-bleacher-report-1203131922/">Bleacher Report has a studio</a> inside the sportsbook at the Caesars Palace Las Vegas hotel and casino; and Fox is operating a sportsbook, Fox Bet, with The Stars Group, to give a few examples.&#xa0;"Dozens of media companies that are trying to get a seat on that luxury ship known as sports betting," Tim Hanlon, media and marketing consultant at The Vertere Group, told Business Insider. "The coach ticket is stuff like [what Barstool Bets is doing] ... The other extreme is the beginnings of how to tie sports rights into the actual sports betting itself."Sports betting could bring in as much as $7 billion in extra advertising revenue in 2019, analysts at Evercore ISI estimated last year, with about half of that going toward digital advertising, a space dominated by Google and Facebook.Barstool thinks it's in a <keyword id="46801" type="COMPANY" weightage="60" keywordseo="prime">prime</keyword> position to get those dollars. About 65% of its audience already say they bet on sports, the company said, based on a survey of its audience in August.<h2>Barstool Bets, which is still being fine-tuned, has a daily sports betting game and mobile-forward content made for gamblers.</h2>The new app, Barstool Bets, launched in the US on September 5 to coincide with kickoff the 2019 NFL season.It features a free, daily betting game where players can win cash prizes - the cost of which is offset by advertising - inspired by the daily fantasy sports games from companies like FanDuel.The contest is designed to get Barstool's audience more familiar with live sports betting, and draw in experienced betters in places where gambling is not yet legal."It's very, very new in terms of being legal and so there's a need for education," Nardini said. "We think that we can be that influence and that brand that experienced betters, new betters, sports betters, turn to."Barstool also hopes the game will keep sports fans more engaged with its app during live matchups. On the Thursday through Sunday of launch weekend, there were over 70,000 contest entries, Barstool said.The app also has content made for gamblers, including live streams of Barstool personalities with actual money on the line who are reacting to games, as well as other long and short-form video for a mobile audience, podcasts, blogs, live events, and analysis.&#xa0;The execs said their content strategy will set Barstool apart from its broadcast competitors."The way they're approaching content is very similar to the way that they've approached typical sports commentary or traditional content," Nardini said. "There is no one who is going to be hungrier, more prolific, more engaging, more authentic around sports betting than us."<h2>Advertising is Barstool Bets' main revenue stream, but it will also other revenue models, like affiliate.</h2>Today, the app makes most of its money from advertising. Barstool Bets has three main advertising partners: PointsBet, FanDuel, and MGM, Nardini said. Ads for companies like Hooters have also appeared in the app.Down the line, Barstool Bets will work with partners to host live events at sportsbooks and casinos, and incorporate brands into its content, Nardini said. It also plans to roll out an affiliate model, to earn revenue for referring its audience to other sites, possibly sportsbooks when gambling is legalized nationally.Nardini <a href="https://digiday.com/podcast/barstool-sports-erika-nardini-barstool-aims-hit-100m-revenue-2020/">told Digiday</a> that Barstool, which <a href="https://variety.com/2018/digital/news/barstool-chernin-investment-1202674676/">raised $15 million from The Chernin Group</a> last year, aims to reach $100 million in revenue by 2020.&#xa0;She told Business Insider that she expects sports betting to be a growing part of the company's revenue, starting next year."It's one of our single biggest areas of focus," Nardini said. "A lot of the revenue associated with sports betting will will be determined on the state rollout and where it's legal and when. But, strategically and proportionately, this will be a big driver for us going into 2020 all the way through 2023 and beyond."Barstool, as whole, has been working to diversify its revenue streams, which include advertising, merchandising, subscription, and live and pay-per-view events. Podcasts are big business, too; <a href="https://variety.com/2019/digital/news/barstool-sports-podcast-revenue-1203305912/">Variety reported</a> that podcasting now makes up about 35% of Barstool's revenue.But the company's controversial culture can also be a turn off for some sports fans and advertisers. Its personalities, including founder Portnoy, are known for making unfiltered comments that offend many people. Portnoy recently <a href="https://www.businessinsider.com/barstool-sports-dave-portnoy-threatens-to-fire-staffers-2019-8">threatened in a tweet to fire employees</a> if they talked about unionization. Barstool, which Portnoy said has a core demographic of 21-40-year-old males, has also been accused of creating a culture of cyberbullying and sexual harassment online, <a href="https://www.thedailybeast.com/inside-barstool-sports-culture-of-online-hate-they-treat-sexual-harassment-and-cyberbullying-as-a-game">as The Daily Beast has detailed</a>.Barstool Sports' website has averaged more than 5 million unique visitors per month, on desktop and mobile, this year, according to ComScore. That makes it larger than FanDuel, on par with Fox Sports, but smaller than Yahoo Sports and Bleacher Report.The execs said Barstool, overall, has about 49 million followers across platforms, like Twitter, YouTube, and Instagram, where people can chat or otherwise engage with it personalities around sports betting."We also know that we can make sports-betting cultural, which is really what you're seeing us do," Nardini said.<div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/taylor-swift-recording-music-scooter-braun-kanye-west-masters-2019-9">Why Taylor Swift is re-recording all her of her old music</a></h3> <div> </div> </div>

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OYO opens a 35,000 sft casino in Las Vegas by rebranding a Hooters hotel

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Bizarre! The more losses Oyo makes, the more valuable it gets

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Oyo now has 100 hotels in the US, is adding one building a day

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Inside Barstool Sports' strategy to become advertising's gateway to gamblers with its new sports betting app, Barstool Bets

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