{"id":800108,"date":"2025-01-13T12:03:07","date_gmt":"2025-01-13T17:03:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/"},"modified":"2025-01-13T12:03:07","modified_gmt":"2025-01-13T17:03:07","slug":"penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/","title":{"rendered":"PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C."},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C.<\/b><\/p>\n<p class=\"bwalignc\"><i>ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics<\/i><\/p>\n<p>WASHINGTON &amp; WYOMISSING, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPENN Entertainment, Inc. (\u201cPENN\u201d or the \u201cCompany\u201d) (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmonumentalsports.com%2F&amp;esheet=54178371&amp;newsitemid=20250113437128&amp;lan=en-US&amp;anchor=Monumental+Sports+%26amp%3B+Entertainment&amp;index=1&amp;md5=6eab748e60c6d1c6c6825584cda0b6f1\">Monumental Sports &amp; Entertainment<\/a> (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mystics (WNBA).<\/p>\n<p>\n\u201cWe are thrilled to join forces with PENN Entertainment and align with ESPN BET, a leading brand across the sports and entertainment landscape,\u201d said Jim Van Stone, President of Business Operations and Chief Commercial Officer at MSE. \u201cThis partnership furthers our collective commitment to offering fans unique, cutting-edge experiences that reflect the future of sports entertainment, with ESPN BET\u2019s innovative platform adding a new layer of engagement for our fans, both inside and outside the arena.\u201d<\/p>\n<p>\n\u201cWe are proud to partner with Monumental Sports and its teams to unite the energy of D.C. sports with our world-class platform,\u201d said Aaron LaBerge, Chief Technology Officer, PENN Entertainment. \u201cThis deal expands our footprint in the region, further connecting ESPN BET with one of America\u2019s 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.&#8221;<\/p>\n<p>\nAs part of the agreement, ESPN BET will work closely with MSE to enhance the fan experience through a multi-channel, integrated marketing partnership. The collaboration will include prominent in-arena and media components, including features in Capitals and Wizards game broadcasts on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.monumentalsportsnetwork.com%2F&amp;esheet=54178371&amp;newsitemid=20250113437128&amp;lan=en-US&amp;anchor=Monumental+Sports+Network&amp;index=2&amp;md5=48a28babc06e53a30295522ba33e1dd8\">Monumental Sports Network<\/a> (MNMT). In addition to custom broadcast integrations, the partnership provides:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nIP Rights for MSE, Capitals, Wizards, and Mystics for both ESPN BET and Hollywood Casino at Charles Town Races<\/p>\n<\/li>\n<li>\nIn-Arena and TV-Visible Signage<\/p>\n<\/li>\n<li>\nOut-of-Home Advertising<\/p>\n<\/li>\n<li>\nCommercial Schedule across Monumental Sports Network<\/p>\n<\/li>\n<li>\nUnique Hospitality and Experiences<\/p>\n<\/li>\n<\/ul>\n<p>\nBoth MSE and PENN support the American Gaming Association\u2019s <i>Have A Game Plan.\u00ae Bet Responsibly.\u2122 <\/i>campaign, designed to ensure fans remain educated and equipped with tools to enjoy gaming in a responsible manner. MSE has dedicated a variety of assets and resources to promoting responsible gaming including media coverage on MSE\u2019s efforts, organic and amplified social media posts across all MSE social channels and in-arena digital displays, and commercials to consistently message fans outside the arena, on concourses, near concession areas, and in the center hung and ribbon boards while fans are in their seats.<\/p>\n<p>\nPENN is committed to providing a safe environment for all customers to enjoy gaming responsibly. ESPN BET offers players comprehensive Responsible Gaming tools and resources, including limits on time, deposits, and wagering amounts. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pennentertainment.com%2Fcorp%2Fresponsible-gaming&amp;esheet=54178371&amp;newsitemid=20250113437128&amp;lan=en-US&amp;anchor=www.pennentertainment.com%2Fcorp%2Fresponsible-gaming&amp;index=3&amp;md5=ae3f62ba3f3934c57d5b0bdd639b6f2f\">www.pennentertainment.com\/corp\/responsible-gaming<\/a>.<\/p>\n<p>\nESPN BET is an online sportsbook operated by PENN Entertainment that combines ESPN\u2019s industry-leading brand and multiplatform reach with PENN Entertainment\u2019s proprietary in-house technology and deep sportsbook operational expertise. ESPN BET is currently available in 19 states.<\/p>\n<p>\nGambling problem? Call 1-800-GAMBLER or visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.1800gambler.net%2F&amp;esheet=54178371&amp;newsitemid=20250113437128&amp;lan=en-US&amp;anchor=www.1800gambler.net&amp;index=4&amp;md5=6c908588ee45b21c12807f26e03b6467\">www.1800gambler.net<\/a>. Must be 21 or older to play.<\/p>\n<p><b>About Monumental Sports &amp; Entertainment<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmonumentalsports.com%2F&amp;esheet=54178371&amp;newsitemid=20250113437128&amp;lan=en-US&amp;anchor=Monumental+Sports+%26amp%3B+Entertainment&amp;index=5&amp;md5=49ed2ffa3a726ad14b0e3b18957f3903\">Monumental Sports &amp; Entertainment<\/a> is one of America\u2019s leading sports and entertainment families. Our people, players, teams, and events bring excitement and joy to millions. We invest and innovate to consistently raise the game so we can deliver extraordinary experiences that will inspire and unite our community, our fans, and our people.<\/p>\n<p><b>About PENN Entertainment<\/b><\/p>\n<p>\nPENN Entertainment, Inc., together with its subsidiaries (\u201cPENN,\u201d or the \u201cCompany\u201d), is North America\u2019s leading provider of integrated entertainment, sports content, and casino gaming experiences. PENN operates in 26 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks and online sports betting and iCasino offerings under well-recognized brands including Hollywood Casino\u00ae, L\u2019Auberge\u00ae, ESPN BET\u2122 and theScore BET Sportsbook and Casino\u00ae. PENN\u2019s ability to leverage its partnership with ESPN, the \u201cworldwide leader in sports,\u201d and its ownership of theScore, the top digital sports media brand in Canada, is central to the Company\u2019s highly differentiated strategy to expand its footprint and efficiently grow its customer ecosystem. PENN\u2019s focus on organic cross-sell opportunities is reinforced by its market-leading retail casinos, sports media assets, and technology, including a proprietary state-of-the-art, fully integrated digital sports and iCasino betting platform and an in-house iCasino content studio (PENN Game Studios). The Company\u2019s portfolio is further bolstered by its industry-leading PENN Play\u2122 customer loyalty program, offering its 31 million members a unique set of rewards and experiences.<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as \u201cexpects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cgoal,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201clook forward to,\u201d or \u201canticipates\u201d or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. These statements are based upon management&#8217;s current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in PENN Entertainment\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including PENN Entertainment&#8217;s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K for the year ended December 31, 2023. Forward-looking statements speak only as of the date they are made and, except for PENN Entertainment\u2019s ongoing obligations under the U.S. federal securities laws, PENN Entertainment undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250113437128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250113437128\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250113437128\/en\/<\/a><\/span><\/p>\n<p><b>Media<\/b>:<br \/>\n<br \/>Dan Sabreen, PENN Entertainment, <a rel=\"nofollow\" href=\"mailto:dan.sabreen@pennentertainment.com\">dan.sabreen@pennentertainment.com<br \/>\n<\/a><br \/>Christopher Browne, Monumental Sports &amp; Entertainment, <a rel=\"nofollow\" href=\"mailto:cbrowne@monumentalsports.com\">cbrowne@monumentalsports.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America District of Columbia Pennsylvania<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Media Online Sports Entertainment Mobile Entertainment Hockey Other Sports TV and Radio Marketing Advertising Communications Basketball Casino\/Gaming<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250113437128\/en\/1535204\/3\/penn_logo_hor_color_rgb_pos_jpg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C. ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics WASHINGTON &amp; WYOMISSING, Pa.&#8211;(BUSINESS WIRE)&#8211; PENN Entertainment, Inc. (\u201cPENN\u201d or the \u201cCompany\u201d) (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports &amp; Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mystics (WNBA). \u201cWe are thrilled &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800108","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C. ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics WASHINGTON &amp; WYOMISSING, Pa.&#8211;(BUSINESS WIRE)&#8211; PENN Entertainment, Inc. (\u201cPENN\u201d or the \u201cCompany\u201d) (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports &amp; Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mystics (WNBA). \u201cWe are thrilled &hellip; Continue reading &quot;PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-13T17:03:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250113437128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PENN Entertainment Announces Partnership with Monumental Sports &amp; 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ESPN BET Becomes Proud Sports Betting Partner across entire Monumental enterprise, including the Washington Capitals, Washington Wizards, and Washington Mystics WASHINGTON &amp; WYOMISSING, Pa.&#8211;(BUSINESS WIRE)&#8211; PENN Entertainment, Inc. (\u201cPENN\u201d or the \u201cCompany\u201d) (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term partnership with Monumental Sports &amp; Entertainment (MSE). Under the multi-channel agreement, and subject to regulatory approvals, PENN secures online market access for ESPN BET in Washington D.C., and ESPN BET also becomes a sports betting partner of Monumental and its teams, including the Washington Capitals (NHL), Washington Wizards (NBA), and Washington Mystics (WNBA). \u201cWe are thrilled &hellip; Continue reading \"PENN Entertainment Announces Partnership with Monumental Sports &amp; Entertainment for Market Access in Washington, D.C.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-13T17:03:07+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250113437128r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/penn-entertainment-announces-partnership-with-monumental-sports-entertainment-for-market-access-in-washington-d-c\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PENN Entertainment Announces Partnership with Monumental Sports &amp; 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