Penn shares, for example, more than tripled in 2020, soaring 238% before crashing in 2021 (-40%) and 2022 (-43%). Some gambling names saw record stock market performance in the middle of the Covid-19 pandemic as a frenzy grew for anything tied to at-home or mobile gaming. ESPN entering the online gambling business could signal another run for gaming companies that have a presence in the industry.
The operation, formerly Penn's Barstool Sportsbook, will be run exclusively by ESPN and debut this fall in 16 states where Penn is already licensed.
Disney's ESPN division late Tuesday agreed to partner with Penn Entertainment to rebrand and relaunch the latter's online gambling sportsbook as ESPN Bet. The worldwide leader in sports is finally jumping into online betting. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower
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