Penn Entertainment announces long-term partnership with Monumental Sports & Entertainment
Nasdaq-listed operator Penn Entertainment has announced a partnership between its subsidiary, Penn Sports Interactive, and sports and venue management company Monumental Sports & Entertainment to secure online market access for its ESPN Bet sportsbook in Washington DC.
ESPN Bet will become the sports betting partner of Monumental’s teams, including the NHL’s Washington Capitals, the NBA’s Washington Wizards, and the WNBA’s Washington Mystics.
“We are thrilled to join forces with PENN Entertainment and align with ESPN BET, a leading brand across the sports and entertainment landscape,” said Jim Van Stone, President of Business Operations and Chief Commercial Officer at MSE. “This partnership furthers our collective commitment to offering fans unique, cutting-edge experiences that reflect the future of sports entertainment, with ESPN BET’s innovative platform adding a new layer of engagement for our fans, both inside and outside the arena.”
As part of its relationship, ESPN Bet will work closely with Monumental to enhance fan experiences by introducing innovative and more prominent media components to its services, including features such as Capitals and Wizards broadcasts on the Monumental Sports Network.
“We are proud to partner with Monumental Sports and its teams to unite the energy of D.C. sports with our world-class platform,” said Aaron LaBerge, Chief Technology Officer at Penn Entertainment. “This deal expands our footprint in the region, further connecting ESPN BET with one of America’s most passionate sports communities. Our presence alongside the Capitals, Wizards and Mystics positions ESPN BET at the center of the action where sports, technology, and fan experience converge.”
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