SPORTS BUSINESS

May 20th, 2019 | by CollegeAD
SPORTS BUSINESS
0

ESPN-parent company Walt Disney secured a stake in daily fantasy sports-turned-sportsbook DraftKings as part of its acquisition of 21st Century Fox, SportTechie has confirmed. Disney now owns DraftKings “through one of its subsidiaries,” according to a DraftKings spokesperson. Disney scooped up the stake as part of its $71.3 billion purchase of the film and entertainment business, a colossal media deal that closed at the end of March. “We’ve already done some things that we would integrate it into our programming, but not to the extent that we would be facilitating gambling as an entity,” Iger said on a conference call with analysts following the company’s second quarter earnings report on May 8. Iger didn’t expand on what that future sports betting programming might look like. Last week, however, ESPN announced that it was partnering with Caesars Entertainment to open its own television studio inside The LINQ Hotel & Casino in Las Vegas. -Jen Booton, sporttechie. Read More.

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