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☆ This sports betting company is a good short-term buy, Deutsche Bank says
▼ + stars: | 2023-09-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

While Deutsche Bank is skeptical on the long-term story for Penn National Gaming , it is bullish on shares in the short-term. Analyst Carlo Santarelli put a catalyst call buy, or short-term buy rating, on the sports betting company, which trades as PENN Entertainment. In August, the company signed a licensing deal with ESPN to rebrand its sportsbook to ESPN BET, slated to launch in November. Through the deal, Penn has the exclusive right to the ESPN Bet trademark in the U.S. for 10 years, with potential to be extended. An Investor Day in December, which is likely to focus on ESPN BET, will also highlight the brand's early traction, he added.

Persons: Carlo Santarelli, Santarelli, Penn, GGR, — CNBC's Michael Bloom Organizations: Deutsche Bank, Penn National Gaming, PENN Entertainment, ESPN, ESPN BET, ESPN Bet Locations: Wednesday's, U.S, Las Vegas

☆ DraftKings falls 10% on new threat for sports gambling market share from ESPN-Penn partnership
▼ + stars: | 2023-08-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Budrul Chukrut | Lightrocket | Getty ImagesOne of the leading sports gambling stocks fell sharply on Wednesday after media giant ESPN took a large step into the online betting world. Shares of DraftKings sank 10.9% after Penn Entertainment announced that it had signed a 10-year deal with ESPN. Stock Chart Icon Stock chart icon Shares of DraftKings was under pressure after ESPN and Penn National Gaming announced a partnership. ESPN, which is part of Disney , had previously been reluctant to fully embrace the highly competitive online gambling industry. As part of the deal, Penn will pay ESPN $2 billion in cash and stock warrants over 10 years to license the brand.

Persons: Barstool —, Bob Iger Organizations: Lightrocket, ESPN, DraftKings, Penn Entertainment, Penn, ESPN Bet, Penn National Gaming, Disney, CNBC

☆ How sports betting is changing the media industry in the US
▼ + stars: | 2022-09-07 | by ( Ashley Rodriguez | Colin Salao | ) www.businessinsider.com time to read: +3 min

The ties between media outlets and gambling operators have only deepened since. Read more about how FuboTV is rethinking its sports betting strategy after August layoffs. On top of that, the US sports gambling industry is still in its infancy. New York turned on mobile sports betting in January, which could be a boon for the media industry even though the market could be tricky for gambling companies. A list of our recent coverage of the US sports betting industry follows.

Present in more than 40 countries, Choice Hotels' partnerships with Penn National Gaming, Inc., Preferred Hotels & Resorts, and Nordic Choice Hotels make redemption options even more interesting, with the addition of casino hotels and upscale resorts to the mix. AdvertisementHow to earn Choice Privileges pointsWhile Choice Privileges seems straightforward, there are lots of little rules about what counts as a qualifying points-earning stay. If you're just getting started, the fastest way to accrue Choice Privileges points is by opening the Choice Privileges Visa Signature Card. AdvertisementBuy Choice Privileges points — for you or someone elseYou can buy up to 250,000 Choice Privileges points for yourself — or up to 180,000 Choice Privileges points for friends and family members — per calendar year. Transfer Choice Privileges points to travel partnersTo redeem Choice Privileges points for flights, use the Choice Hotels Rewards Exchange to transfer them to airline partners at the following rates:5,000 Choice points for 1,000 Alaska Airlines Mileage Plan miles5,000 Choice points for 1,000 Aeromexico Club Premier miles5,000 Choice points for 1,000 Aeroplan points5,000 Choice points for 1,000 United MileagePlus miles5,000 Choice points for 1,000 Spirit Airlines Free Spirit miles5,000 Choice points for 1,000 Czech Airlines OK Plus miles20,000 Choice points for 8,000 Qantas Frequent Flyer points20,000 Choice points for 8,000 Virgin Australia Velocity points20,000 Choice points for 140 Air New Zealand Airpoints DollarsNote that you may need to call Customer Service at 888-770-6800 and provide them with your frequent flyer number to complete your airline redemption.

Persons: —, You'll, We're, Read, It's, you've, you'll, I'm, there's, Homefront, they'll Organizations: Business, Card, Citi, Choice, Service, Choice Hotels, Penn National Gaming, Inc, Resorts, Amtrak, Barclays, American, Express, Hotels, Diamond, Avis, Cambria Hotels, Alaska Airlines, Aeromexico Club Premier, Czech Airlines, Spirit Airlines, Air, Zealand, Qantas Frequent Flyer, Australia, Alamo, Budget, Bed, Apple, Vinesse, Rocket, Aeromexico Club, Airlines, Virgin Australia, Clubs of America, Fisher House Foundation, Council, International, Polaris, Cosmopolitan, AARP Locations: Cambria, Econo Lodge, Canada, Mexico, Central America, Caribbean, Asia, Pacific, China, Japan, Europe, Clarion Clarion Pointe, Czech

☆ Two stocks on the market’s ‘naughty list’ could be set for a 2022 comeback, traders say
▼ + stars: | 2021-12-24 | by ( Keris Lahiff | ) www.cnbc.com time to read: +2 min

CNBC's "Trading Nation" asked two of its traders which of the most beaten-down stocks could be setting up to rebound in the new year. Nancy Tengler, CEO and chief investment officer at Laffer Tengler Investments, highlighted payments company Block , the company formerly known as Square. Joule Financial president Quint Tatro instead is focusing on casino stock Las Vegas Sands, which is down more than 35% this year. "Las Vegas Sands has really experienced a double whammy this year. Las Vegas Sands generates nearly half of its revenue from Macao, a gambling destination off the coast of mainland China.

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