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The Latest Breaking News from Penn

NFL kicks off with Chiefs-Lions matchup; gaming, rights deals in focus

Betting on NFL games could top $24 billion this year as sports gaming platforms expand to new states heading into the 2023 season.

The Street

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

Zenger

Barstool Sports CEO calls failed sports betting partnership with Penn 'predictable'

CEO Erika Nardini thinks Penn and ESPN have a chance to form a great partnership.

The Street

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Las Vegas Strip loses ESPN daily betting show

Sin City has lost one of its most famous names.

The Street

Disney and ESPN bet big on entering gambling arena – but will they win?

The biggest name in US sports broadcasting has graduated from covering gambling to promoting it in an about-face for Bob Iger and a sign of turbulent times

The Guardian - US

ESPN's Burke Magnus gives thoughts about recent layoffs, other major sports moves

Layoffs, sports betting, and growing leagues were all topics ESPN exec Burke Magnus tackled.

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.

The Street

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Are Dave Portnoy and Alex Cooper the future of media?

The two media magnates have something in common: 100% ownership of their intellectual property.

Fortune

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?

Barchart

Market Rally On The Ropes, AI Stocks Tumble: Weekly Review

The market rally suffered more damage as the Nasdaq undercut key support and many leading AI stocks sold off hard.

Investors Business Daily

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.

Zenger

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.

The Street

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.

Zenger

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.

Investors Business Daily

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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.

Chicago Sun-Times

ESPN enters world of sports betting with $1.5 billion deal with Penn Entertainment

Penn will operate ESPN Bet, which ESPN has agreed to promote across its online and broadcast platforms in order to generate “maximum fan awareness” of the app.

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news in one place.

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Zenger

US Stocks Walk Inflation Tightrope As Futures Point To Cautious Recovery: Why This Analyst Downplays Fed Rate Worries

Stocks could fight back after Tuesday's drubbing, although the lack of any major Main Street reading clouds the market outlook

Investors Business Daily

Dow Jones Rises With 9 Big Earnings Movers; Roblox Crashes 21% On Earnings

The Dow Jones rose Wednesday morning, with nine big earnings movers. Roblox crashed 21% on weak earnings results.

The Street

Stocks Higher, 10-year Auction, Lyft, Penn-ESPN, Disney Earnings

Stock futures higher with banks, inflation data in focus; 10-year Treasury auction on deck as bond markets rally; Lyft share tumble as Uber price war adds to growth concerns; Penn Entertainment surges on $2 billion sports betting deal with ESPN and Disney reports after the bell with eyes on streaming,…

WEKU

When a brain injury impairs memory, a pulse of electricity may help

A severe traumatic brain injury can make it hard to remember recent events or conversations. But a form of brain stimulation appears to ease this memory deficit.

The Independent UK

ESPN strikes $1.5B deal to jump into sports betting with Penn Entertainment

Disney-owned ESPN has licensed its brand for use in a sports betting app, striking a deal in which it will receive $1.5 billion and other considerations from Penn Entertainment

Investors Business Daily

ESPN-Penn Sportsbook Deal: PENN Stock Soars, DraftKings Tumbles

Penn Entertainment soared on news of an ESPN-Penn sportsbook deal. Online sports betting leader DraftKings fell sharply.

The Street

ESPN dives deeper into sports betting through landmark Penn partnership

As part of the deal with Penn Entertainment, Dave Portnoy reclaims control of Barstool Sports, the company he founded.

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