ESPN BET Becomes Proud Sports Betting Partner
across entire Monumental enterprise, including the Washington
Capitals, Washington Wizards, and Washington Mystics
PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq:
PENN) announced today that its wholly-owned subsidiary PENN Sports
Interactive, LLC has entered into a long-term partnership with
Monumental Sports & Entertainment (MSE). Under the
multi-channel agreement, and subject to regulatory approvals, PENN
secures online market access for ESPN BET in Washington D.C., and
ESPN BET also becomes a sports betting partner of Monumental and
its teams, including the Washington Capitals (NHL), Washington
Wizards (NBA), and Washington Mystics (WNBA).
“We are thrilled to join forces with PENN Entertainment and
align with ESPN BET, a leading brand across the sports and
entertainment landscape,” said Jim Van Stone, President of Business
Operations and Chief Commercial Officer at MSE. “This partnership
furthers our collective commitment to offering fans unique,
cutting-edge experiences that reflect the future of sports
entertainment, with ESPN BET’s innovative platform adding a new
layer of engagement for our fans, both inside and outside the
arena.”
“We are proud to partner with Monumental Sports and its teams to
unite the energy of D.C. sports with our world-class platform,”
said Aaron LaBerge, Chief Technology Officer, PENN Entertainment.
“This deal expands our footprint in the region, further connecting
ESPN BET with one of America’s most passionate sports communities.
Our presence alongside the Capitals, Wizards and Mystics positions
ESPN BET at the center of the action where sports, technology, and
fan experience converge."
As part of the agreement, ESPN BET will work closely with MSE to
enhance the fan experience through a multi-channel, integrated
marketing partnership. The collaboration will include prominent
in-arena and media components, including features in Capitals and
Wizards game broadcasts on Monumental Sports Network (MNMT). In
addition to custom broadcast integrations, the partnership
provides:
- IP Rights for MSE, Capitals, Wizards, and Mystics for both ESPN
BET and Hollywood Casino at Charles Town Races
- In-Arena and TV-Visible Signage
- Out-of-Home Advertising
- Commercial Schedule across Monumental Sports Network
- Unique Hospitality and Experiences
Both MSE and PENN support the American Gaming Association’s Have
A Game Plan.® Bet Responsibly.™ campaign, designed to ensure fans
remain educated and equipped with tools to enjoy gaming in a
responsible manner. MSE has dedicated a variety of assets and
resources to promoting responsible gaming including media coverage
on MSE’s efforts, organic and amplified social media posts across
all MSE social channels and in-arena digital displays, and
commercials to consistently message fans outside the arena, on
concourses, near concession areas, and in the center hung and
ribbon boards while fans are in their seats.
PENN is committed to providing a safe environment for all
customers to enjoy gaming responsibly. ESPN BET offers players
comprehensive Responsible Gaming tools and resources, including
limits on time, deposits, and wagering amounts. To learn more,
visit www.pennentertainment.com/corp/responsible-gaming.
ESPN BET is an online sportsbook operated by PENN Entertainment
that combines ESPN’s industry-leading brand and multiplatform reach
with PENN Entertainment’s proprietary in-house technology and deep
sportsbook operational expertise. ESPN BET is currently available
in 19 states.
Gambling problem? Call 1-800-GAMBLER or visit
www.1800gambler.net. Must be 21 or older to play.
About Monumental Sports & Entertainment
Monumental Sports & Entertainment is one of America’s
leading sports and entertainment families. Our people, players,
teams, and events bring excitement and joy to millions. We invest
and innovate to consistently raise the game so we can deliver
extraordinary experiences that will inspire and unite our
community, our fans, and our people.
About PENN Entertainment
PENN Entertainment, Inc., together with its subsidiaries
(“PENN,” or the “Company”), is North America’s leading provider of
integrated entertainment, sports content, and casino gaming
experiences. PENN operates in 26 jurisdictions throughout North
America, with a broadly diversified portfolio of casinos,
racetracks and online sports betting and iCasino offerings under
well-recognized brands including Hollywood Casino®, L’Auberge®,
ESPN BET™ and theScore BET Sportsbook and Casino®. PENN’s ability
to leverage its partnership with ESPN, the “worldwide leader in
sports,” and its ownership of theScore, the top digital sports
media brand in Canada, is central to the Company’s highly
differentiated strategy to expand its footprint and efficiently
grow its customer ecosystem. PENN’s focus on organic cross-sell
opportunities is reinforced by its market-leading retail casinos,
sports media assets, and technology, including a proprietary
state-of-the-art, fully integrated digital sports and iCasino
betting platform and an in-house iCasino content studio (PENN Game
Studios). The Company’s portfolio is further bolstered by its
industry-leading PENN Play™ customer loyalty program, offering its
31 million members a unique set of rewards and experiences.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of
forward-looking terminology such as “expects,” “believes,”
“estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,”
“may,” “will,” “should,” “look forward to,” or “anticipates” or the
negative or other variations of these or similar words, or by
discussions of future events, strategies or risks and
uncertainties. These statements are based upon management's current
expectations, assumptions and estimates and are not guarantees of
timing, future results, or performance. Therefore, you should not
rely on any of these forward-looking statements as predictions of
future events. Actual results may differ materially from those
contemplated in these statements due to a variety of risks,
uncertainties and other factors, including those factors described
in PENN Entertainment’s filings with the Securities and Exchange
Commission (the “SEC”), including PENN Entertainment's current
reports on Form 8-K, quarterly reports on Form 10-Q and its annual
report on Form 10-K for the year ended December 31, 2023.
Forward-looking statements speak only as of the date they are made
and, except for PENN Entertainment’s ongoing obligations under the
U.S. federal securities laws, PENN Entertainment undertakes no
obligation to publicly update any forward-looking statements
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250113437128/en/
Media: Dan Sabreen, PENN Entertainment,
dan.sabreen@pennentertainment.com Christopher Browne, Monumental
Sports & Entertainment, cbrowne@monumentalsports.com
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