The founding family behind theScore is stepping down from their roles at PENN Interactive, a subsidiary of PENN Entertainment, Inc., in a strategic leadership transition. This move comes after successful launches of ESPN Bet and theScore Bet, and PENN Interactive is focused on consolidating its offerings and pursuing further growth in 2024.
The Levy family, including John Levy, Benjie Levy, Aubrey Levy, and Noah Levy, played pivotal roles in integrating theScore with PENN Interactive after PENN Entertainment acquired Score Media and Gaming Inc. in October 2021. The integration involved bringing together theScore and PENN Interactive under the leadership of Benjie Levy as head of interactive and John Levy as executive chairman of theScore.
PENN Entertainment expressed gratitude for the Levy family’s contribution to its successful integrated media and betting strategy. CEO and president of PENN Entertainment, Jay Snowden, emphasized the Levys’ entrepreneurial spirit and pioneering role in the sports media and gaming industry, highlighting their shared passion for innovation.
The company is actively searching for a replacement for Benjie Levy, the head of interactive. Levy’s efforts contributed to the successful sale of Barstool Sports back to David Portnoy and the $1 billion ESPN deal.
John Levy will depart Penn in mid-February, while the rest of the family will leave in April 2024. This approach ensures a smooth management shift and should help avoid significant disruptions. The Levys have not yet disclosed any plans post-departure.
Benjie Levy noted he was happy with the Penn partnership, thanking the team for their support. He highlighted the successful merger of the two organizations, allowing them to implement their integrated media and betting strategy. He added that the two companies had a shared vision, matched only by their efforts to foster a world-class working environment.
The departure of the Levy family from their roles at PENN Interactive marks a significant transition point for the company. With its robust and experienced team, PENN Entertainment aims for a seamless leadership transition and continued growth as a leader in online gaming and sports media. The company hopes to fully leverage its resources and maintain its impressive momentum going into 2024.