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...Additionally, Disney will get warrants on Penn shares. If the new “ESPN Bet” meets certain market share targets, Disney receives a fifth of Penn’s stock....
...Under the terms of the agreement, Penn will pay ESPN $1.5bn in cash payments over a 10-year term and grant $500mn in warrants for Penn stock. The rebranding will take effect this autumn....
...Penn also operates more than 40 bricks-and-mortar casinos. Penn will pump an additional $150mn a year into marketing ESPN Bet, which is launching in 17 states....
...“It is a context-dependent decision,” said Magill, who on Saturday evening resigned from her role at Penn....
...The disruption to maritime trade has raised concerns that it will filter through to energy prices and inflation....
...So it pays to listen to Herbert Hovenkamp, the pre-eminent scholar of US antitrust law and a professor at Penn Law School....
...A version of this article was first published by Nikkei Asia on January 16. ©2024 Nikkei Inc. All rights reserved....
...They also clearly characterised those blue purposes as being primarily about “the sustainable use of maritime resources”....
...Meadow’s group made a combined profit exceeding $5mn once Penn National’s deal was announced in 2021, and $100,000 on VMware trades....
...Additional reporting by Ismi Damayanti A version of this article was first published by Nikkei Asia on June 18, 2023. ©2023 Nikkei Inc. All rights reserved....
...In July, diplomats at the UN’s International Maritime Organisation set a goal for shipping to achieve net zero greenhouse emissions “by or around” 2050....
...The Triton Collection — named after the Greek god of the sea, alluding to the family’s maritime business — focuses on the avant-garde, so is by its nature evolving, notes Phillips Americas president Jean-Paul...
...Last year, six countries including France and Spain submitted a paper to the UN’s International Maritime Organisation (IMO), stating wind propulsion systems were “ready, sufficiently mature and available...
...The story picks up a few months after the third season finale, in which Joe (Penn Badgley) killed his equally homicidal wife, faked his own death and went off to pursue his latest crush, Marienne, in Paris...
...The Big Read Historian Vincent Scully once said of New York’s Penn Station: “One entered the city like a god. One scuttles in now like a rat.”...
...Both DraftKings and Barstool, from which casino group Penn Entertainment exited its investment this week, declined interview requests....
...The company also produced a Sean Penn documentary about the Russia-Ukraine war....
...Roth also acknowledged that in the current environment it would be “almost impossible” to finance the company’s ambitious — and contentious — plan to build a series of office towers around New York’s Penn...
...Researchers at Penn State University estimated that garment manufacturers lost more than $16bn from order cancellations by US and European clients between April and June 2020....
...When Netflix decided to cancel the mind-bending maritime thriller 1899 after just one series last week, it was doubtless just another day at the office for the streaming giant....
...Last year, six countries submitted a paper with the IWA to the UN’s International Maritime Organisation (IMO), stating that wind propulsion systems were “ready, sufficiently mature and available” to help...
...In early September, REX Shares filed to offer inverse exposure to “meme” stocks, including GameStop, AMC, Coinbase, Robinhood, Peloton, Beyond Meats, Nikola, PENN Entertainment, Tilray Brands and MicroStrategy...
.... ©2022 Nikkei Inc....
...A version of this article was first published by Nikkei Asia on January 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on February 3 2023. ©2023 Nikkei Inc. All rights reserved....
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