Penn Entertainment saw a surge in its share prices during after-hours trading after the news broke that the gambling company has obtained exclusive rights to use the “ESPN Bet” trademark for the next decade. The exclusive rights to the “ESPN Bet” trademark can be seen as a major breakthrough for Penn Entertainment. Key Takeaways:Penn Entertainment secures exclusive rights to use the “ESPN Bet” trademark for a 10-year term. Facts about the Keyword “ESPN Bet”:ESPN Bet is a new online gambling platform owned by Penn Entertainment. The exclusive rights to the “ESPN Bet” trademark give Penn Entertainment a competitive advantage in the market.

Source: Wall Street Journal August 09, 2023 08:16 UTC