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Penn and ESPN end betting partnership as Penn refocuses on Canada

Deals & M&A

Penn Entertainment and ESPN agreed to end their 10-year betting partnership, effective 1 December 2025, as Penn shifts its interactive focus towards Canada and its Hollywood iCasino products. Penn said payments to ESPN for the agreement will end after Q4 2025; it reported 7% year-on-year revenue growth in Ontario in Q3 2025.

The termination changes Penn’s marketing and brand arrangements, while the company says it will prioritise its Canadian iGaming operations.

End-of-day close PENN Entertainment (PENN), USD, to 19 December 2025
Story date22 September 202519 December 2025

Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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