Disney's ESPN Partners with Caesars on Sports-Betting Content -- 2nd Update

Date : 05/14/2019 @ 5:38PM
Source : Dow Jones News
Stock : Walt Disney Co (DIS)
Quote : 130.89  -1.48 (-1.12%) @ 1:00AM
After Hours
Last Trade
Last $ 130.99 ▲ 0.10 (0.08%)

Disney's ESPN Partners with Caesars on Sports-Betting Content -- 2nd Update

Walt Disney (NYSE:DIS)
Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more Walt Disney Charts.
By Allison Prang 

Caesars Entertainment Corp. and Walt Disney Co.'s ESPN are making a joint effort to promote sports-betting content.

An ESPN studio for creating sports-betting news and entertainment content will be built at the Linq Hotel & Casino, one of Caesars' Las Vegas properties, the companies said Tuesday. The studio will begin operating next year and host an ESPNews show, "Daily Wager."

ESPN programming will start to include branding and data from Caesars in the coming weeks, the companies said. Caesars will also provide odds data for ESPN.

ESPN's efforts come as broadcasters look for ways to capitalize on growth in sports betting after the U.S. Supreme Court last year invalidated federal restrictions on such wagers. Fox Corp., the parent of the Fox television network and FS1, said last week that it would take a minority stake in a betting company and launch a platform allowing customers in states where sports betting is legal to wager on events.

Fox and Wall Street Journal parent News Corp share common ownership.

Caesars also reached a deal with AT&T Inc.'s Turner Sports earlier this year to develop new sports-gambling-focused content. The casino operator has also been working to land partnerships with sports teams as well as entities such as mobile sports-betting platform DraftKings Inc.

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

May 14, 2019 12:23 ET (16:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest DIS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.