Former Disney CFO Christine McCarthy has joined the board of directors for Flutter Entertainment, a sports betting company. Christine McCarthy Joins Flutter Entertainment McCarthy was CFO for The Walt Disney Company from 2015 until June 2023. She stepped down for family medical leave, serving as a strategic advisor for the past year. Flutter Entertainment owns … Read more
The Walt Disney Company will soon officially enter the world of sports betting, as a launch date for ESPN BET has been announced. ESPN BET After years of comments by former CEO Bob Chapek and current CEO Bob Iger, who said sports betting was the “inevitable” future of the business, Disney announced a partnership with … Read more
In a recent press release from The Walt Disney Company, it’s been announced that PENN Entertainment’s existing sportsbook will be rebranded as “ESPN BET” in a new partnership between the two entities. This marks a major shift in Disney’s involvement with legal betting, as well as the sports entertainment industry’s investment in the practice in … Read more
It seems CEO of The Walt Disney Company Bob Iger agrees somewhat with his predecessor, Bob Chapek, on one thing: sports betting. During today’s Morgan Stanley Technology, Media and Telecom Conference, Iger spoke about betting, stating that he thinks it is the future of the sports business, although he’s more reluctant to dive into it. … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Thursday, August 11, 2022. Walt Disney World Magic … Read more
After doubling down on bringing Disney into the sports betting market in March, today Disney CEO Bob Chapek said he hopes to announce a sports betting partnership in the near future. Chapek was also previously quoted saying that Disney must “seriously consider getting into gambling in a bigger way, and ESPN is a perfect platform … Read more
During today’s annual shareholders’ meeting, CEO Bob Chapek once again mentioned bringing The Walt Disney Company into the world of sports betting through ESPN, in an effort to attract younger audiences and create new revenue. Chapek wants to “transform sports broadcasting into [a] multidimensional ecosystem” with betting and the metaverse. Chapek was also previously quoted … Read more
The Walt Disney Company CEO Bob Chapek is hoping to bring Disney into the world of sports betting through ESPN in an effort to attract younger audiences and create new revenue. Chapek said on the most recent fourth-quarter earnings call that Disney must “seriously consider getting into gambling in a bigger way, and ESPN is … Read more