{"id":285065,"date":"2023-08-14T06:30:02","date_gmt":"2023-08-14T11:30:02","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=285065"},"modified":"2023-08-14T13:12:25","modified_gmt":"2023-08-14T18:12:25","slug":"espn-deal-supportive-of-penn-credit-outlook-says-moodys","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/espn-deal-supportive-of-penn-credit-outlook-says-moodys\/","title":{"rendered":"ESPN Deal Credit Positive for Penn Entertainment, Says Moody\u2019s"},"content":{"rendered":"
Last week, Penn Entertainment (NASDAQ: PENN) announced it will pay $1.5 billion over 10 years to use ESPN\u2019s “ESPN Bet” brand on its online and retail sportsbooks. That’s while granting rights to the unit of Walt Disney (NYSE: DIS) to acquire a significant amount of its equity. Moody\u2019s Investors Service views the move as credit positive for the regional casino operator.<\/p>\n