{"id":244887,"date":"2022-11-23T16:08:47","date_gmt":"2022-11-23T22:08:47","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=244887"},"modified":"2022-11-23T16:34:23","modified_gmt":"2022-11-23T22:34:23","slug":"sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/","title":{"rendered":"ESPN Sports Betting Plans May Not Be Assisted by Disney CEO Change"},"content":{"rendered":"

Walt Disney Co. (NYSE:DIS) stunned the entertainment industry and the investment community\u00a0 Sunday, announcing the return of Bob Iger as chief executive officer and the departure of Bob Chapek from that role.<\/p>\n

\"Disney
New Disney CEO Bob Iger. It remains to be seen where sports betting is on his list of priorities. (Image: Getty Images)<\/figcaption><\/figure>\n

Disney said Chapek, who replaced Iger at the helm of the media giant in 2020, stepped down of his own accord. But it\u2019s widely believed the board of directors pushed him out. Either way, speculation is now running rampant regarding ESPN\u2019s <\/a><\/em>entry into the world<\/a> of sports betting.<\/p>\n

\n

As recently as August, Chapek teased a significant<\/a> sports wagering announcement. A month later, he made clear that sports betting is definitely part of ESPN\u2019s<\/em> future, though not as a sportsbook operator. In October, the rumor mill centered around a potential partnership between the sports media giant and DraftKings (NASDAQ:DKNG).<\/p>\n<\/div>\n

Now, attention to turns to just how high of a priority sports wagering is for the newly reinstated Iger, and speculation is emerging Disney may have missed the sports betting boat.<\/p>\n

Iger Has Other Fish to Fry<\/h2>\n

Chapek\u2019s brief tenure at the helm of Disney will be remembered for a variety of missteps, including ending up on the wrong end of a \u201cwoke\u201d political debate in Florida, and yes, sports wagering miscalculations.<\/p>\n

Disney lost out on hundreds of millions, if not billions, in sports-betting dollars thanks to Chapek’s strategy,\u201d<\/strong> said Eilers & Krejcik Gaming (EKG) Partner Emeritus Chris Grove in the most recent addition of the research firm\u2019s weekly \u201cEKG Line\u201d report.<\/p><\/blockquote>\n

With Iger back as chief executive officer, sports betting could fall by the wayside, at least for the time being. He\u2019s already reorganizing Disney\u2019s media unit, and there\u2019s some chatter that he\u2019s going to take a heavy-handed approach at Disney Studios, pushing for content that\u2019s more appealing to broader swaths of consumers, including families, not just those with left-leaning political views.<\/p>\n

With the streaming service ESPN+ <\/em>thriving and the list of reforms needed to bolster Disney\u2019s sagging stock long, sports wagering may not be<\/a> a near- or medium-term priority for Iger. More details are expected next Monday, when the new Disney boss holds a town hall meeting from its Burbank, Calif. studio.<\/p>\n

Where DraftKings, Caesars Fit In<\/h2>\n

Last year, ESPN <\/em>was rumored to be seeking a $3 billion licensing pact<\/a> with a sportsbook operator, and it\u2019s believed the network held talks on that subject with Caesars and DraftKings.<\/p>\n

EKG noted that price is likely $300 million for a sportsbook operator to exclusively leverage the ESPN <\/em>brand. But DraftKings — under pressure to rein in marketing spending — may not want to pony up that level of capital.<\/p>\n

One move that could be made is eliminating Caesars from its current relationship with ESPN — <\/em>something the gaming company would likely embrace. That could also pave the way for more exclusivity with DraftKings.<\/strong><\/p>\n

\u201cCaesars will be watching closely,\u201d concluded EKG. \u201cThe company is currently the co-exclusive sports betting partner of ESPN and keen to get out of the deal, having said recently it wants to cut $200 million from its OSB marketing expenses in the next couple of years. If DraftKings (or anyone else) were to take up an exclusive deal with ESPN, Caesars would happily be bought out.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Walt Disney Co. (NYSE:DIS) stunned the entertainment industry and the investment community\u00a0 Sunday, announcing the return of Bob Iger as chief executive officer and the departure of Bob Chapek from that role. Disney said Chapek, who replaced Iger at the helm of the media giant in 2020, stepped down of his own accord. But it\u2019s […]<\/p>\n","protected":false},"author":46,"featured_media":244888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,1074],"tags":[81967,80968],"acf":[],"yoast_head":"\nSports Betting May Not Be Big Priority For New Disney CEO Iger<\/title>\n<meta name=\"description\" content=\"Sports betting may not be pressing agenda for Iger upon return to Disney.\" \/>\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.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sports Betting May Not Be Big Priority For New Disney CEO Iger\" \/>\n<meta property=\"og:description\" content=\"Sports betting may not be pressing agenda for Iger upon return to Disney.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-23T22:08:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-23T22:34:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/11\/BI-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/\",\"url\":\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/\",\"name\":\"Sports Betting May Not Be Big Priority For New Disney CEO Iger\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/11\/BI-scaled.jpeg\",\"datePublished\":\"2022-11-23T22:08:47+00:00\",\"dateModified\":\"2022-11-23T22:34:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Sports betting may not be pressing agenda for Iger upon return to Disney.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-may-not-be-big-priority-for-new-disney-ceo-iger\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/11\/BI-scaled.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/11\/BI-scaled.jpeg\",\"width\":2560,\"height\":1707,\"caption\":\"Disney CEO Bob Iger. 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