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Sports
September 24, 2024
ESPN BET Set to Launch Sportsbook in New York Following Regulatory Approval
ESPN BET, the sportsbook brand owned by Penn Entertainment, can now take sports bets in New York. The New York State Gaming Commission (NYSGC) gave them the thumbs up. This happened after Penn bought WynnBET’s license in New York for $25 million. Now ESPN BET can join the biggest legal sports betting market in the […]
Sports
September 11, 2024
Regulatory Delay Holds Up ESPN BET Launch in New York
ESPN BET’s New York launch faces a delay because of regulatory obstacles leaving PENN Entertainment to wait for the New York State Gaming Commission (NYSGC) to give the green light. PENN’s Deal for Wynn License Delays ESPN BET’s New York Debut The sportsbook was set to go live in late August, but its entry into […]
Sports
September 2, 2024
PENN Entertainment Ready for ESPN Bet NY Launch Within Weeks
The New York sports betting market has been eagerly anticipating the arrival of its newest member, ESPN Bet by PENN Entertainment. Sometime in August, company executives spoke about the end of the month as a probable launch date in the Empire State. However, things didn’t go as planned as the online sportsbook is still not […]
Sports
August 9, 2024
ESPN to Air “ESPN Bet Live” on Main Network Amid Growing Challenges
In a significant move for sports broadcasting, ESPN is set to air its live sports betting show, “ESPN Bet Live,” on its primary network for the first time. The program will debut with hour-long episodes on August 12 and 13, marking a major step in ESPN’s ongoing expansion into the sports betting sector. ESPN Bet […]
Sports
July 18, 2024
PENN Entertainment Outlines Layoffs in Penn Interactive
Much criticism has been heard about PENN Entertainment CEO Jay Snowden’s managerial style. From vituperations against his cushy pay package to fulminations over the incredulous sale of the Barstool Brand for $1 back to its controversial owner, David Portnoy, after forking out millions to acquire it, now PENN is preparing to lay off staff in […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
Business
April 25, 2024
ESPN BET Launches First Retail Sportsbook at Hollywood Casino
The Hollywood Casino at Greektown has unveiled its ESPN BET-branded sportsbook and restaurant. This is notably ESPN BET’s first-ever branded retail location. Located on the upper floor of the 100,000-square-foot Downtown Detroit casino, the new sportsbook is the latest addition to PENN Entertainment’s portfolio. The ESPN BET sportsbook and restaurant offers some 4,500 square feet […]
Business
April 16, 2024
ESPN Bet’s Underperformance Causes Analyst to Lower Penn’s Price Target
In a recent development impacting the stock market, Penn Entertainment saw a downgrade in its price target by Deutsche Bank analyst Carlo Santarelli. The analyst revised the target down to $19 per share from the previous $22, maintaining a “Neutral” rating. This alteration came in the wake of a turbulent trading day where Penn Entertainment’s […]
Sports
March 26, 2024
ESPN Host Calls Betting Pick “Risk-Free,” Sparks Online Outrage
Rece Davis, an American sports television journalist for ESPN, has corrected a controversial statement he made last weekend. Davis, who had said that an analysts’ betting recommendation is a “risk-free investment,” retracted his earlier statement, reminding players to wager responsibly. The original comment was made during College GameDay, a pre-game show broadcast airing on ESPN […]
Sports
March 22, 2024
ESPN Men’s Tournament Challenge Collects a Record Number of Brackets
This year’s edition of the ESPN Men’s Tournament Challenge has collected 22.6 million completed brackets before the start of March Madness, ESPN announced. This is a new record-setting figure for the highly popular college basketball bracket game. According to ESPN’s official announcement, the new number of brackets represents an increase of 13% compared to last […]
