ESPN announced Tuesday that the sports media giant will partner with gambling operator Penn Entertainment to re-launch its online app as ESPN Bets.
Disney CEO Bob Iger announced recently that ESPN is looking for outside investors, a once unthinkable scenario.
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ESPN and Penn Entertainment to Launch ESPN Bet SportsbookESPN, a subsidiary of Walt Disney Co., has reached an agreement with Penn Entertainment Inc. to launch ESPN Bet, a branded sportsbook for fans in the United States. Penn Entertainment will rebrand its existing sportsbook and relaunch it as ESPN Bet in the fall. The new sportsbook will be available in 16 states where Penn Entertainment holds a license for legalized betting.
Source: MarketWatch - 🏆 3. / 97 Read more »
Disney's ESPN and Penn Entertainment partner to launch ESPN BetDisney's ESPN and casino-owner Penn Entertainment have announced a $2 billion deal to launch a sports betting business called ESPN Bet. The news caused a 20% increase in Penn's shares, while DraftKings' shares fell 9%.
Source: Reuters - 🏆 2. / 97 Read more »
ESPN partners with PENN Entertainment to form ESPN BET, which will launch this fallIn a partnership with PENN Entertainment, ESPN will launch ESPN BET this fall in the 16 legalized betting states where PENN Entertainment is licensed. PENN is selling its stake in the Barstool sportsbook back to the company's founder, Dave Portnoy.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »
ESPN to Launch Online Sportsbook with PENN EntertainmentESPN has partnered with PENN Entertainment to launch online sports betting sites throughout the United States. The agreement signifies PENN's transition from a regional gaming operator to a prominent entertainment leader in North America. ESPN Bet will be seamlessly integrated with ESPN's extensive editorial, content, digital, and linear product, as well as its sports programming ecosystem.
Source: Covers - 🏆 341. / 59 Read more »
ESPN Launches Online SportsbookESPN, owned by Disney, announces partnership with Penn Entertainment to rebrand Barstool Sportsbook as ESPN Bet, marking its entry into the online gambling industry.
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ESPN Inks $2B Deal for Gambling Venture With Penn EntertainmentPenn Entertainment will acquire the rights to the ESPN brand for betting purposes for 10 years, with the option to extend for another 10 years. ESPN programs will promote the service, with involvement from some ESPN talent. As part of the deal, Penn will sell Barstool Sports back to founder Dave Portnoy.
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