ESPN just struck a $1.5 billion deal with Penn Entertainment to rebrand Barstool Sportsbook as ESPN Bet. ESPN will buy $500 million in shares of Penn, and sell its stake in Sportsbook back to founder

Going Viral: ESPN Gets Into Sports Betting

02:22pm, Wednesday, 09'th Aug 2023
Disney's ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment, licensing its brand for sports betting and deepening the media giant's ties to the growing online gamb
CNBC's Julia Boorstin joins 'The Exchange' to discuss Disney's upcoming earnings report, a decline in Disney's Florida theme park performance, and ESPN's $2 billion investment into Penn entertainment
Disney (DIS) is set to report its Q3 earnings after the bell on Wednesday. Yahoo Finance Entertainment Reporter Alexandra Canal joins the Live show to discuss what to expect from the earnings call, in
Disney's (DIS) ESPN and PENN Entertainment join forces to launch ESPN BET, a seamless sports betting experience, suggesting a solid portfolio of service offerings.
Investors are looking for more clarity on how Iger plans to fix Disney's TV business and juggle the decline of subscribers at Disney+.
Yahoo Finance anchors Brad Smith and Julie Hyman break down the sports betting deal between ESPN and PENN entertainment.
Another day, another upgrade for shares of DraftKings Inc., although the latest one has a different tone.
While Wendy's and Roblox merely met EPS expectations, Warby Parker posted a strong quarter.

3 Things Disney's Bob Iger Needs to Say This Week

11:15am, Wednesday, 09'th Aug 2023
Disney stock is trailing the market for the third year in a row. Bob Iger recently extended his tenure as CEO through 2026, giving him more time to flesh out his plan.
Penn may have been Disney's last option to monetize ESPN's brand in sports betting, and it raises key questions for the Magic Kingdom, one analyst said.
Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.
Yahoo Finance anchor Brad Smith breaks down three things to know for August 9, 2023 including deflation in China, CPI data to be released on Thursday, ESPN's $1.5 billion deal with Penn Entertainment

Penn Entertainment Stock Surges on Disney Deal

10:03am, Wednesday, 09'th Aug 2023
PENN Entertainment Inc (NASDAQ:PENN) announced a second-quarter earnings and revenue beat before the open, amid a return to casinos and rising demand for online sports betting.
The $350 million Galactic Starcruiser will shut this year – but experiences that combine the real world with online gameplay could still fly
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