Shine trader limited

Shine trader limited reports:

In a short space of time, online gambling and sports betting platforms have become a multi-billion dollar industry. The Walt Disney Company is planning to license The ESPN sports network brand to them for at least $3 billion, in recognition of their growing popularity.

Shine trader limited
Shine trader limited

According to a recent Wall Street Journal report, the entertainment giant has struck deals with Las Vegas-based Caesar’s Entertainment and sports betting giant Draftkings Inc. Negotiations were held. The deal is likely to come in the form of a multi-year agreement in which the platforms will be allowed to market under the ESPN name and possibly use their sportsbooks. In exchange, sports betting platforms will have to pay to market their products and services on ESPN’s platforms.
Disney is already a “passive investor” in DraftKings and owns 6 percent of its publicly traded stock through its 2019 acquisition of 21st Century Fox.

By Ethan