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ESPN's new deal means that the world's largest sports news and information company will also be a gambling company.

Why PENN Entertainment Stock Was Climbing Today

12:35pm, Wednesday, 09'th Aug 2023
Penn is forming a strategic partnership with ESPN to launch ESPN Bet. The company is rebranding Barstool Sportsbook and divesting its ownership of Barstool.
Yahoo Finance anchors Brad Smith and Julie Hyman break down the sports betting deal between ESPN and PENN entertainment.
While Wendy's and Roblox merely met EPS expectations, Warby Parker posted a strong quarter.
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.
The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Stree
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.
PENN Entertainment stock spiked 20% on Wednesday after announcing a $2 billion deal with ESPN. The company will partner with ESPN to launch ESPN Bets, a new US-based sports-betting platform.
Penn Entertainment (NASDAQ: PENN ) stock is rising higher on Wednesday after the company signed a massive deal with Disney's (NYSE: DIS ) ESPN and ESPN Enterprises. The big news here is Penn Entertain
Penn Entertainment Inc. followed up its announcement of a deal with ESPN with a second-quarter report in which profit and revenue rose above expectations, as strength in its food, beverage and hotel b

5 Things to Know Before Markets Open

07:40am, Wednesday, 09'th Aug 2023
Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here's what inve
Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.
Marqeta Inc.‘s stock MQ, -1.00% was surging 19% after the company, which makes card-issuing technology, addressed a major investor overhang as it announced a deal renewal with Block Inc.‘s SQ, -2.
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