Disney + Penn Launch ESPN Bet

[king_kong_]

 

[RBigredMax]

 

[SuperBigFan]

Makes sense, they already have gambling shows and show the lines non-stop. ****, 10 years ago they had to pretend that betting on sports didn't exist.

 

[EmormousDouchebag]

Desperation. Wonder how many billions this venture will lose for Disney.

 

[Dean Pope]

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.

 

[king_kong_]

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

 

[JOHNNY N]

Meh, probably just stick with my BeMGM app.

 

[TampaBaySkers]

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?

 

[HuskerOH_rivals315145]

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!

 

[TampaBaySkers]

Isn't that great? The Evil Empire is getting what they deserve!

 

[king_kong_]

You do realize Disney stock is DOWN over 50% in past two years, correct?

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*

 

[TampaBaySkers]

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

 

[king_kong_]

A far cry from their 180.. 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

 

[TampaBaySkers]

imagine thinking stock price is the bellwether for actual technical financials

LMAO

imagine thinking it’s not related… stick to throwing barrels at Mario

 

[king_kong_]

imagine thinking it’s not related… stick to throwing barrels at Mario

for a public company like that, the connection's pretty flimsy

 

[HuskerOH_rivals315145]

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.

 

[jteten]

There were rumors of this for Disney and Draftkings last year. Guess they got a better deal with Penn. I have increased DIS holdings.

 

[king_kong_]

There were rumors of this for Disney and Draftkings last year. Guess they got a better deal with Penn. I have increased DIS holdings.

currently rocketing afterhours (5%+) on guidance despite slight rev miss

 

[EmormousDouchebag]

Yes, anytime you lose **** 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.

 

[king_kong_]

Yes, anytime you lose **** 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.

what did they sell?

 

[mwulf]

Yeah this fella is trending about as well as ESPN right now.

 

[king_kong_]

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:

 

[TampaBaySkers]

Yeah this fella is trending about as well as ESPN right now.

Us Floridians love him.. he may not beat Trump but oh well.. hope he hasn’t hurt your feelings too much there Wulfy

 

[mwulf]

Us Floridians love him.. he may not beat Trump but oh well.. hope he hasn’t hurt your feelings too much there Wulfy

Nah all good

 

[kennyfinpowers]

what did they sell?

Their souls.

 

[mwulf]

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.