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Penn dumps Barstool for ESPN-branded sports-gambling service

Por: MarketWatch Politics August 08, 2023

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The rebrand — which includes the mobile app, website, and mobile website — sent Penn’s stock soaring 23% in after-hours trading Tuesday. ESPN Bet will benefit from exclusive promotional services across ESPN’s platforms, including access to ESPN talent, the companies said. Penn will pay ESPN $1.5 billion over 10 years as part of the strategic partnership, and will grant ESPN $500 million of warrants to purchase about 31.8 million Penn... + full article



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