Twenty-First Century Fox - Class B (NASDAQ:FOX)
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2 Months : From Apr 2019 to Jun 2019
By Allison Prang
Caesars Entertainment Corp. and Walt Disney Co.'s ESPN are making a joint effort to promote sports-betting content.
An ESPN studio for creating sports-betting news and entertainment content will be built at the Linq Hotel & Casino, one of Caesars' Las Vegas properties, the companies said Tuesday. The studio will begin operating next year and host an ESPNews show, "Daily Wager."
ESPN programming will start to include branding and data from Caesars in the coming weeks, the companies said. Caesars will also provide odds data for ESPN.
ESPN's efforts come as broadcasters look for ways to capitalize on growth in sports betting after the U.S. Supreme Court last year invalidated federal restrictions on such wagers. Fox Corp., the parent of the Fox television network and FS1, said last week that it would take a minority stake in a betting company and launch a platform allowing customers in states where sports betting is legal to wager on events.
Fox and Wall Street Journal parent News Corp share common ownership.
Caesars also reached a deal with AT&T Inc.'s Turner Sports earlier this year to develop new sports-gambling-focused content. The casino operator has also been working to land partnerships with sports teams as well as entities such as mobile sports-betting platform DraftKings Inc.
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(END) Dow Jones Newswires
May 14, 2019 12:23 ET (16:23 GMT)
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