PENN surges on sports betting deal with ESPN, divests Barstool Sports to founder Dave Portnoy
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PENN Entertainment and ESPN Enter into Long-Term Exclusive Strategic Alliance for U.S. Online Sports Betting
August 8, 2023 4:18 PM EDTWYOMISSING, Pa.--(BUSINESS WIRE)-- PENN Entertainment, Inc. (PENN or the Company) (Nasdaq: PENN) today announced that it has entered into a transformative, exclusive U.S. online sports betting (OSB) agreement with ESPN, Inc. and ESPN Enterprises, Inc (together, ESPN). PENN will discuss the ESPN transaction as well as its second quarter 2023 results on its previously scheduled conference call and webcast tomorrow morning at 9:00 a.m. ET. For further information, the Company has posted a presentation to its website regarding the transaction, which can be found... More
