Penn raises the sports betting stakes with ESPN deal

Cloud 9fin

Inhalt bereitgestellt von 9fin. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von 9fin oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

11M ago 9:12

MP3•Episode-Home

Casino operator Penn Entertainment is betting that a $2bn partnership with ESPN will supercharge the company’s foray into the online sports wagering market.

It could be an expensive gamble: online sportsbooks have been a hotspot of growth in the US gambling industry, but competitors such as DraftKings and FanDuel are already starting to pivot to profitability from a “growth by any means” mentality after spending big to take market share.

Will Penn’s investors have the patience for another growth story? And how could a regulatory backlash against online gambling impact the industry?

On this week’s US edition of Cloud 9fin, US deputy editor David Bell quizzes senior reporter William Hoffman on Penn’s new tie-up with ESPN and what it means for leveraged credits in the sector.

138 Episoden

#Business News #Business #News #9fin #Leveraged Finance #High-yield Bonds #Leveraged Loans #Restructuring #Distressed Debt #Finance #Debt #Lbos #Private Equity #Current #Latest #Private Credit #Loan #Insight