UP336 Barstool, Penn and Disney's bet on gambling convergence

Occasionally a story breaks that reveals the direction of travel for the rest of sports business. One such story is Disney-owned ESPN's move in to the US gambling market, courtesy of a $2billion, ten year deal with betting operator Penn Entertainment, which sold back its ownership stake in Barstool, with which it was previously building a sports and gambling offer. “We are confident that the combination of our unparalleled audience along with Penn’s operational expertise and state-of-the-art ...