Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
UK Vehicle Production Falls Sharply in 2025 Amid Cyberattack, Tariffs, and Industry Restructuring 
Elon Musk Reportedly Eyes June 2026 SpaceX IPO Timed With Planetary Alignment and Birthday 
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Puma’s Historic Rivalry With Adidas Enters a New Era as Anta Deal Signals Turnaround Push 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Starmer’s China Visit Signals New Era in UK–China Economic Relations 
The Maire - EuroChem Case: Three Lessons for Global Business 
U.S. Stock Futures Edge Lower as Tech Earnings and Fed Decision Shape Market Sentiment 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
ESPN revealed it has teamed up with Penn Entertainment to open its own sports betting business. It was reported that Disney’s sports entertainment unit signed a $2 billion deal for this.
ESPN will now have a betting sportsbook which is expected to put it deeper into the world of sports betting. Through the partnership with Penn Entertainment, a leading gambling company, it will rebrand and relaunch its sportsbook under the “ESPN Bet” banner.
As per CNBC, ESPN Bet will take over the gambling firm’s Barstool Sportsbook to become the sole operator of the betting platform. Penn Entertainment also sold Barstool back to its original owner, David Portnoy.
In any case, the deal with Penn Entertainment will give ESPN a new revenue channel as its traditional TV business wanes. This will also allow its parent company, Disney Company, to increase cash flow as it loses money on its Disney Plus streaming unit.
“Our primary focus is always to serve sports fans and we know they want both betting content and the ability to place bets with less friction from within our products,” ESPN’s chairman, Jimmy Pitaro, said in a press release. “The strategy here is simple: to give fans what they’ve been requesting and expecting from ESPN. PENN Entertainment is the perfect partner to build an unmatched user experience for sports betting with ESPN BET.”
Penn Entertainment’s chief executive officer, Jay Snowden, went on to add, “This agreement with ESPN and collaboration on ESPN BET allows us to take another step forward as an industry leader. Together, we can utilize each other’s strengths to create the type of experience that existing and new bettors will expect from both companies, and we can’t wait to get started.”
Photo by: hyku/Flickr (CC BY-SA 2.0)
