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The Latest Breaking News from Penn Entertainment

Disney Walks From MLB Deal; ESPN Bet Could Be Out Next

Disney opted out of its TV rights deal with Major League Baseball. Penn Entertainment CEO issues ESPN Bet warning.

Investors Business Daily

Where Penn Entertainment's new CTO places his bets

Aaron LaBerge moved to Penn Entertainment this summer to spearhead the company's efforts integrating its betting technology across Disney's ESPN, and to bring Disney-like tech magic to the online gaming business.

Fortune

Dave Portnoy’s net worth: How Barstool’s El Presidente invests his wealth

Dave Portnoy parlayed his Boston-based sports mag into a $550 million business empire. Here’s how much he’s worth, how he spends his money, and what stocks he invests in.

The Street

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ESPN could face major changes to its sports betting app

ESPN Bet's 2023 launch came just months after ESPN partnered with Penn Entertainment.

The Street

States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel

States are looking to increase their take from the $16 billion online sports gambling industry as it expands across the country with big partnerships

The Independent UK

CrowdStrike, KKR, GoDaddy To Join S&P 500 In Quarterly Rebalance; Stocks Jump

CrowdStrike, KKR and GoDaddy will join the index before the open on June 24, as part of the quarterly rebalance.

Investors Business Daily

Disney CTO Aaron LaBerge Quits To Join Sports Betting Company Penn Entertainment

20-year Disney veteran, who oversees Disney Plus, Hulu and ESPN Plus, says he’s switching jobs this summer to spend more time with his family

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Aaron LaBerge Joins PENN Entertainment at CTO

PENN operates ESPN Bet; LaBerge had been president and CTO for Disney Entertainment and ESPN

TV Tech

Penn Entertainment vs. DraftKings: Which Sports Betting Stock is a Better Buy?

As the sports betting market heats up ahead of March Madness, both Penn Entertainment and DraftKings present potential buy-the-dip opportunities after their latest earnings reports. But which stock is a better buy at current levels?

Barchart

ESPN Bet, a rebranded sports gambling app from Penn Entertainment, is almost here

ESPN Bet, a rebranded sports-gambling app owned by Penn Entertainment, is set to launch Tuesday

The Independent UK

Top analyst believes ESPN may have left billions on the table after a recent move

He called ESPN's new move a "Hail Mary" for the company.

The Street

Disney Stock Leaps On Earnings, Dow Giant Lifts Cost-Cutting Goal To $7.5 Billion; Rival Dives On Results

Dow Jones media giant Disney beat earnings and streaming forecasts for Q4 results, gets more aggressive on cost cuts.

Investors Business Daily

ESPN BET Set To Launch Nov. 14

Teaser spots feature ‘SportsCenter' anchor Scott Van Pelt

Multichannel News

Disney Stock Rises On Plan To Buy Remaining Hulu Stake For $8.61 Billion. ESPN BET To Go Live

Disney stock climbs Thursday. The Dow giant plans to buy the remaining Hulu stake for $8.61 billion, reveals date for ESPN Bet sportsbook launch.

Investors Business Daily

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Zenger

EXCLUSIVE: Cathie Wood’s Sports Betting Gamble — DraftKings Or Penn Entertainment?

Sports betting world was shocked when PENN Entertainment announced a licensing deal with Walt Disney Company to launch ESPN Bet

The Street

ESPN reportedly wanted about two times more than it actually got in the ESPN Bet deal with Penn Entertainment

Penn is still paying ESPN about $2 billion.

Barchart

PENN vs. DKNG: Which Stock is a Better Bet?

With the sports betting stock battle heating up, which company should investors place their chips on now: Disney's new partner Penn Entertainment, or stock market standout DraftKings?

Zenger

Disney CEO Bob Iger Says ESPN Bet Had Multiple Suitors Before The Penn Partnership

The sports betting sector was rocked when PENN Entertainment said Tuesday it's partnering with The Walt Disney Company.

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The Street

Former MLB exec explains why ESPN Bet is a "win" for ESPN and Dave Portnoy

David Samson spoke on "The Dan Le Batard Show" about the ESPN Bet deal.

Zenger

Penn Entertainment Analysts On ‘Landscape-Changing’ Sports Betting Deal With ESPN

PENN Entertainment (NASDAQ: PENN) stock jumped after the company unveiled a partnership with ESPN.

Investors Business Daily

Stock Market Weakens But Slightly Green; Leading Biotech Plummets

The stock market pulls back from the day's highs. Yeti outdoor products stock popped after the company reported earnings.

The Independent UK

Disney streaming service continues to bleed subscribers, but earnings improve in Q3

Disney reported narrower losses on its Disney+ streaming platform in the quarter ended July 1 and boosted revenues, but also shed Disney+ subscribers for the second quarter in a row

Fortune

Dave Portnoy buys back Barstool Sports for just $1, while Penn Entertainment spends $1.5 billion on an ESPN partnership called the 'white whale' of sports betting deals

Penn Entertainment upgrades from Barstool Sports to ESPN as it continues its strategy of partnering with sports media brands to promote its sports betting operations.

The Street

What the ESPN Bet deal could mean to the sports media and betting industries

TheStreet spoke with industry experts to see how ESPN Bet could change sports.

Kiplinger

Stock Market Today: Stocks Drop Ahead of CPI, WeWork Tanks on Bankruptcy Concerns

The major indexes closed lower for a second straight day amid a batch of disappointing earnings reports.

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