Foreign launches Sportsbook in partnership with Pen Entertainment. So Pen Entertainment is a big big gambling conglomerate. they have a lot of physical casinos in Barstool Ended up being kind of its digital sector and then from there they helped build out Bar Stool Sports Books So Penn recently reported their earnings and they announced that they are actually going to be partnering up with ESPN. Once again, a little bit of a seismic shift ESPN is getting into sports Betting with 10 Entertainment Walt Disney Codes ESPN Has signed a long-term exclusive agreement with Casino operator Pen Entertainment, lacing its brand for sports betting and deepening the media's giant ties to Growing online gambling business.

I Find this interesting for a myriad of reasons. One of them that we should talk about, especially because Disney itself is about to report their earnings. A lot of people when they look at Disney and everything that that giant conglomerate owns ESPN is actually one of the most attractive assets and this in my opinion. and just seeing the explosion and popularity of sports gambling I think this is strengthening the brand that much more.

Penn Will have the 10-year right to use ESPN Bet name in the U.S the company sent in a statement Tuesday Pen will Rebrand its bar stool supports book with ESPN starting this fall. so Pem owns many things. they had Barcel Sportsbook but now it's going over to ESPN Bet and Portnoy or stool they're out. Penn Also said Tuesday it's selling all of its Barcel Sports Inc Subsidiary two-day Fortnight and here's exactly what he had to say on it: Emergency press conference Time may be the biggest emergency press cars that we have ever had here at Barcel Sports.

Um, where to start Penn Entertainment and Barcel Sports have gone our separate ways as of this moment. while you were watching this video I have purchased back Barstool Sports from Penn So that is right for the first time in a decade I own 100 of Varsal Sports. Not since the Turning deal have I been in total control of everything. Um, why did it happen? How did it happen? Well I think Penn who I have nothing but great things as I've said that all the way along with the Penn relationship I've nothing but the most respect from Jay his whole team everything.

Uh, we did this deal about three years ago and I think both parties are like we're gonna take this thing to the moon and we underestimated just how tough it is for myself and Barcel to operate in a regulated world where gambling Regulators the New York Times Business Insider hit pieces fucking with the stock price. Every time we did something, it was one step forward. Two steps back we got denied licenses because of me, you name it. So the regulated industry probably not the best.

best place for Barcel Sports and the type of content we make. um Penn was able to broker an unbelievable deal with ESPN We wished them nothing but the best in their Endeavors is truly a win-win I still own a ton of pen stocks I'll probably hold it because I think it's going to go up. but more importantly, I am not a financial advisor for the first time in forever. we don't have to watch what we say, how we talk what we do.

It's back to the pirate ship. and by the way, I am never going to sell Barcel Sports ever. I'll hold it till I die and when I die I'll give it to Dan or Kevin who's ever left standing. If their kids are still alive, they'll get whatever we will pass it down.

This is now going to be a place for content. Content Content content every time. I think I'm out they pull me back in. That's right, I'm not going anywhere Barstool Sports the pirate sip the Cannons they will plunder from now for the next 100 years.

So welcome back Back in control! First of all, I think that's actually really good for the Bar Stool brand because they were running into a lot of Regulation issues so the fact that they don't have to deal with Regulators they can now make whatever they want. Obviously there's been backlash in the past about some of the decisions the company has had to make because they were under the scrutiny of regulators, but now that they're not going to be, it's most likely going to return to. How many of us, think about the OG bar stool setup, Will it be exactly that? No. I think it's going to end up finding itself in the middle I'm personally excited in it I'm not the biggest Sports person out there, but I definitely do look up to the bar stool team just because they are a Content creation giant.

So obviously for business purposes I think there's something I could learn and I know a lot of us just enjoy their content because a lot of it is funny content. Now from the point of markets and everything like that like I alluded to before in my opinion, will do nothing but strengthen the ESPN brand which is now under Disney I'm curious what Disney's gonna say about it because they're about to report earnings and if anything, everyone wants to know what's going on with ESPN because it's one of the most valuable assets under Disney On top of that, we see Penn going up now on this news and because there is strength in competition, we're actually seeing DraftKings take a bit of a hit obviously. I think there's some social ramifications I'm excited I would love for Dave Fortner to bring back Ddtg what's it Davey Day trader Global It was hilarious. It's some of the best training hilarious entertaining comment out there I would love for that to come back I don't know if it will so I'm excited to see where it goes, but from an investing trading standpoint, there's some opportunity here I Want to see if Disney and Penn continue to show strength and I want to see if draftking continues to show weakness.

On that note, obviously I love all of your thoughts and inputs, but kind of a big update.