Penn Entertainment and Barstool Sports have split, as ESPN (DIS) and Penn (PENN) strike a $2 billion sports betting deal. Macquarie Senior Gaming, Lodging & Theaters Analyst Chad Beynon joins Yahoo Finance to discuss the aspects of the ESPN-Penn partnership, as well as what the deal means for the future of live sports gambling and the future of the industry.
Beynon also broke down the Penn Entertainment earnings call. Beynon said, "They (Penn) believe they can get $500 (million) to $1 billion of profits ... so this is a huge decision for the company and the path of the stock over the next couple of years."
