Penn Entertainment stock tumbles as ESPN Bet numbers fall short of estimates
"Our financial results were impacted by lower-than-expected hold and spend per user."
"Our financial results were impacted by lower-than-expected hold and spend per user."
ESPN BET Live, the First Draft podcast, Unsportsmanlike Conduct, and Greeny will broadcast from the new book this week.
“Investors were bracing for a wide range of interactive losses, but the magnitude of the absolute dollar value is, we think, surprising."
Penn Entertainment, which owns and operates ESPN Bet, has purchased WynnBet's mobile sports gambling license in New York for $25 million.
"I'm also not surprised to see ESPN do this."
Penn Entertainment CEO Jay Snowden opened up about the company's partnership with ESPN and the launch of ESPN Bet.
After partnering with Penn Entertainment, we finally have a launch date for the brand new ESPN Bet sports betting platform.
"They should have bought DraftKings. They should have been on the ground floor."
ESPN is keeping betting analyst Erin Dolan around, inking her to a new long-term deal.
"If I have to lose money and pay for it for a month or two, fine, but we’ll get back to profitable."
"All of this put Barstool in a tough spot."
"The marketplace is changing … and I think Disney's desire to do something with ESPN is changing fast."
"You want to publicly narc on someone, you do it on f**king camera."
"It became obvious to both parties that there's quality to one long-term natural owner of Barstool, and that's Dave Portnoy."
Mintz was fired from Barstool in May, reportedly at the mandate of Penn.
DraftKings and FanDuel dominate the sports betting landscape. Is ESPN Bet too late to the game to catch up?
"Barstool has been a great partner and we are thankful to Dave Portnoy, Erika Ayers, Dan Katz and their team for helping to rapidly scale our digital footprint across 16 jurisdictions in the U.S. and introducing their audience to our retail and digital products."
ESPN is finally entering the sportsbook world, inking a licensing deal with Penn Entertainment.
"He's the most narcissistic person in the world, and that's saying a lot."
"The corporate woke overlord narrative is bull****"
"For you to basically create a new position for me, it honestly means the world to me."
“It’s what happens when you get these f***ing suits involved in your business.”
"What I’m thankful for is that I thought I was going to be too hot to touch and it seems like it’s broken the other way.”
"There’s been some talk about it...who knows what they’re thinking at this point."