Disney + Penn Launch ESPN Bet
- Thread starter king_kong_
- Start date
Makes sense, they already have gambling shows and show the lines non-stop. Shit, 10 years ago they had to pretend that betting on sports didn't exist.
Desperation. Wonder how many billions this venture will lose for Disney.
Billions? Do you think ESPN is paying Penn Entertainment and its already existing gambling operations billions of dollars in order to allow Penn to use the ESPN brand? LOL.
many here are delusional about Disney's financial reality because their feelings got hurt
You do realize Disney stock is DOWN over 50% in past two years, correct?
Isn't that great? The Evil Empire is getting what they deserve!
of course I do
bought calls at the bottom
up 40%, still have some long tails running
probably buy more tomorrow morning after today's earnings
will be back around $100 in 8-10 months *not financial advice*
A far cry from their $197.. but I guess they are just fine financially… stick to climbing buildings kong
imagine thinking stock price is the bellwether for actual technical financials
LMAO
imagine thinking it’s not related… stick to throwing barrels at Mario
I have loathed Disney long before he was on the map. Disney has spewed its blatant evilness for the past 15-20 years. It has taken this long for it to catch up with the public.
There were rumors of this for Disney and Draftkings last year. Guess they got a better deal with Penn. I have increased DIS holdings.
Yes, anytime you lose shit tons of money and have to sell off pieces means great things are happening. But I get it, its just restructuring and reorganizing to become leaner and meaner. LMFAO.
relevant news for fans of a conference whose football rights are owned by ESPN's principal competitor and relies on cable subs to pump up tv rights:
Us Floridians love him.. he may not beat Trump but oh well.. hope he hasn’t hurt your feelings too much there Wulfy
So Penn is paying ESPN 150 million a year for 10 years just to use the ESPN name on their sportsbook. Portnoy gets full control of Barstool but if he ever sells Penn gets 50% of the sale.
