Disney with PENN Entertainment to launch ESPN Bet

M

MR.Dis

Well-Known Member
T
Trauma said:
We are all so imperfect and life is very difficult and full of horrors. I always tell myself never to judge someone on their shortcoming, since I have no idea the pain they may be in.

It just a shame that most vices are so destructive
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There are 2 ways to look at this. First is from the standpoint that in the USA we have the freedom to make decisions on how we live our life. As I said before, no one forces you to use vices. It is self determination.

Second is a religious viewpoint. We are on this journey of life with challenges and temptations. In the end we will be judged on how we handle these temptations (overly simplistic, but do not want to get in a whole religious conversation).
 
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Basil of Baker Street

Basil of Baker Street

Well-Known Member
MR.Dis said:
Gambling is a vice, there is no one who forces you to gamble. I have worked to hard for my money and do not gamble. Same goes for smoking and drinking. Each to their own. Want to spend your dollars on these vices, that is on you. No one is forcing you too. I do have one vice, it is called Disney.
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You'd come out cheaper gambling, smoking and drinking. Just a FYI
 
Basil of Baker Street

Basil of Baker Street

Well-Known Member
Of all the problems Disney is facing right now with streaming, films etc, I believe ESPN is their biggest challenge. Maybe this sports betting will save it but I have my doubts.
 
S

Splash4eva

Well-Known Member
the.dreamfinder said:
For what they’re getting revenue wise, it’s absolutely a bad deal. Damage your BRAND for $2 billion over ten years?
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What damage are they doing to their “Brand”?!? Still employing the View & airing it on ABC you can argue would do more damage than ESPN getting a deal with PENN…
 
C

Comped

Well-Known Member
Trauma said:
Anyone else a little shocked that this isn’t a more recognizable big name company?

I was expecting Draft Kings or something similar.

Has ESPN falling that far ?
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Penn is a giant in the casino world. Like they own/lease and manage dozens of casinos across the country.
 
Robbiem

Robbiem

Well-Known Member
Maybe they are dipping their toes in the water but this doesn’t look like that good of a deal. I wouldn’t have thought 2 billion over ten years is a lot of money in the gaming world so maybe Penn did well ti tie up the ESPN brand?

If Disney were serious they could do some interesting stuff with gaming hospitality companies. Leaving the ethics aside there would be a ton of opportunities for using certain IP in more adult setting. The old regional entertainment complex idea might even work if its part of a casino resort somewhere. It doesn’t even have to be in the US. How many people would care if Disney did something like a star wars or marvel experience at a casino complex in Macau or Singapore?
 
S

seascape

Well-Known Member
The deal is worth significantly more than $2 billion. That completely ignores the growth of the warrants value. When Disney gets its 31.8 million shares they will own 1/6 of the company and besides getting 150 million a year in royalties they will earn 1/6 of the profits, which according to the news will increase over $1 billion a year just because of this deal. In other words, this deal will increase the profts by over $300 million a year and the vaulue of the company by over $6 billion and that is just with ESPN Bet being in just 16 states. Once sports betting is legal in all 50 states the profits will be much higher and the actual value of Penn will add tens of billions to the value of the company.
 
D

doctornick

Well-Known Member
EPCOT-O.G. said:
If ESPN worried about its brand it wouldn’t keep employing half of its on screen talent.
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Nobody watches ESPN for the on screen “talent”. While they need to have competent people doing the broadcasts and studio shows, it is stupid to pay excessive money to individuals for their personalities. We see it time and again when people leave ESPN and go to another less watched competitor and virtually no one “follows them” to the new place because they weren’t a draw to begin with.

People watch ESPN (and all sports channels) for the live games.
 
mkt

mkt

When a paradise is lost go straight to Disney™
Premium Member
L

Lilofan

Well-Known Member
Comped said:
Penn is a giant in the casino world. Like they own/lease and manage dozens of casinos across the country.
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Casinos will not happen in the vicinity of WDW since elected officials palms are continually greased with donations from the Mouse. You help me, I help you.
 
J

J4546

Well-Known Member
seascape said:
The deal is worth significantly more than $2 billion. That completely ignores the growth of the warrants value. When Disney gets its 31.8 million shares they will own 1/6 of the company and besides getting 150 million a year in royalties they will earn 1/6 of the profits, which according to the news will increase over $1 billion a year just because of this deal. In other words, this deal will increase the profts by over $300 million a year and the vaulue of the company by over $6 billion and that is just with ESPN Bet being in just 16 states. Once sports betting is legal in all 50 states the profits will be much higher and the actual value of Penn will add tens of billions to the value of the company.
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Yeah this sounds like it will be a major player in disneys revenue stream in the next 5 years. Tons of money to me made here
 

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