score:-4
Chances:
- Penn Entertainment’s partnership with ESPN for the launch of ESPN Bet indicates a significant investment and potential growth in the sports betting market.
- The $2 billion deal with Penn Entertainment to launch ESPN Bet showcases the company’s efforts to diversify and capitalize on the growing sports betting industry.
- Disney’s price increase for streaming services like Disney+ and Hulu could potentially benefit Penn Entertainment’s ESPN Bet by driving more engagement with sports content.
Risks:
- Partnerships with broadcasting companies haven’t always proven lucrative, which could impact the success of Penn Entertainment’s deal with ESPN for ESPN Bet.
- Disney’s missed revenue estimates for its streaming segment and underperformance in certain markets like India could indirectly affect the partnership with Penn Entertainment.
- The uncertain impact of potential Hollywood writers’ and actors’ strikes on production studios could indirectly influence Penn Entertainment’s content offerings.
Score:-4
investment score = chances characters count - risks characters count
References:
- 2023-08-10 Penn downgraded, Roblox upgraded: Wall Street’s top analyst calls
- 2023-08-10 Barstool Sports founder Dave Portnoy paid $1 to buy back his company
- 2023-08-10 Disney raises streaming prices as CEO Bob Iger warns of password-sharing crackdown
- 2023-08-10 Penn’s splashy $2 billion deal with ESPN might not be a slam dunk
- 2023-08-10 Disney streaming miss shouldn’t affect profitability, revenue: Analyst
- 2023-08-10 Buy Disney on ESPN-Penn deal, Sell Twilio on finances: Strategist’s stock trades
- 2023-08-10 ESPN-Penn sports betting deal: Could there be potential downsides?
- 2023-08-10 ESPN-Penn deal comes as cable TV is slowing, sports betting growing: Reporter
- 2023-08-10 Why PENN Entertainment Stock Was Climbing Today
- 2023-08-10 Stock market today: Dow slides as sea of red in tech persists; inflation data eyed