Gambling Clear News
Industry analysts at Barclays and Deutsche Bank have flagged various challenges in Boyd’s potential bid for Penn Entertainment, including Penn’s complex ESPN Bet deal with Disney and the product being seen as undervalued by the market. Reuters reported today (21 June) that US casino operator Boyd Entertainment has presented Penn with a takeover bid that valued the
Chris Rogers, chief strategy officer at Penn Entertainment, has outlined how Penn and ESPN will operate the highly-anticipated ESPN Bet in Massachusetts. Rogers presented the operating plan during a public meeting of the Massachusetts Gaming Commission (MGC) on 7 November. The meeting was held to review Penn Entertainment’s divesture of Barstool and its $1.5bn deal
In Disney’s Q2 earnings call, chief executive Robert Iger outlined why the business chose to partner with land-based and online gaming operator Penn Entertainment to launch ESPN into sports betting. According to Iger, Disney has been engaged in discussions with many different entities over a long period of time about how ESPN should enter sports
Jay Snowden, president and CEO of Penn Entertainment, confirmed that ESPN Bet will go live in November this year. Penn and sports broadcaster ESPN’s transformative $1.5bn deal will consist of Penn relaunching its existing Barstool Sportsbook as ESPN Bet. Off the back of the deal Penn is divesting its Barstool Sports sportsbook brand and selling
