Colossal failure It seemed like a good idea at the time. Combine the world’s biggest name in sports with a seasoned gambling company and you should have a chance to compete in the top tier of the United States’ legal sports betting market. But it didn’t work. On Thursday, ESPN and Penn Entertainment announced that… Read more »
New York state of mind Penn Entertainment is acquiring the New York sports wagering license of Wynn Interactive Holdings. Specifically, Penn is buying WSI US, LLC, the entity that technically owns the license, for $25 million. Penn will use the license to launch ESPN BET in the state. “This is an important development that will… Read more »
A new big name in betting ESPN BET, the sports betting site wearing the name of the US’s dominant sports media brand, has gone live in 17 states. Long thought to be an impossibility because ESPN is owned by family-oriented Disney, ESPN BET’s launch on Tuesday marks the official marriage between the sports network and… Read more »
New giant on the block In what will be a sizable shift in the US sports betting industry, ESPN and Penn Entertainment have partnered to create ESPN BET. It will be the sports media leader’s first official entry into the sports wagering business, though it has partnered with other companies as sponsors and broadcast data… Read more »
