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The Latest Breaking News from Penn Entertainment

Dow Jones Rises With 9 Big Earnings Movers; Roblox Crashes 21% On Earnings

The Dow Jones rose Wednesday morning, with nine big earnings movers. Roblox crashed 21% on weak earnings results.

Investors Business Daily

Stocks Higher, 10-year Auction, Lyft, Penn-ESPN, Disney Earnings

Stock futures higher with banks, inflation data in focus; 10-year Treasury auction on deck as bond markets rally; Lyft share tumble as Uber price war adds to growth concerns; Penn Entertainment surges on $2 billion sports betting deal with ESPN and Disney reports after the bell with eyes on streaming,…

The Street

ESPN strikes $1.5B deal to jump into sports betting with Penn Entertainment

Disney-owned ESPN has licensed its brand for use in a sports betting app, striking a deal in which it will receive $1.5 billion and other considerations from Penn Entertainment

The Independent UK

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ESPN-Penn Sportsbook Deal: PENN Stock Soars, DraftKings Tumbles

Penn Entertainment soared on news of an ESPN-Penn sportsbook deal. Online sports betting leader DraftKings fell sharply.

Investors Business Daily

ESPN dives deeper into sports betting through landmark Penn partnership

As part of the deal with Penn Entertainment, Dave Portnoy reclaims control of Barstool Sports, the company he founded.

The Street

ESPN Inks Deal to Launch ESPN Bet

The agreement with Penn Entertainment will see Penn rebrand its sportsbook and relaunch it as ESPN Bet in the fall

TV Tech

ESPN Puts Brand on Sportsbook in $2 Billion Deal With Penn Entertainment

ESPN Bet will get promotion from sports network’s platforms and talent

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Editorial: How casinos broke their promises to the struggling downtowns of Illinois

Back in 1992, William Weidner, then president of Hollywood Casino of Aurora Inc., set out to Springfield to kill then-Mayor Richard M. Daley’s plans for a $2 billion “mega-casino” in downtown Chicago.

Chicago Tribune

Bank of America Likes Several Gambling Stocks, Including Caesars

Gambling stocks have outperformed the S&P 500 since the second quarter, rising 1% compared with a decline of 5% for the index.

The Street

Hollywood Casino Aurora owners want to move out of downtown, rebuild by I-88

The new casino complex would have a 200-room hotel with about 10,000 square feet of meeting and event space.

Chicago Sun-Times

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