Disney CEO Says 'No' To Gambling Business

Published Sunday, March 10, 2019 - Online-Casinos.com
Disney CEO Says 'No' To Gambling Business
The corporate world is in deep when it comes to gambling activity because after all it is big business for companies such as ESPN and others. The optics of being involved in the online aspect of gambling is not as easy to understand as companies such as Disney publically have been asked exactly whether or not it wants to be associated with gambling since sports betting was given the green light by the US Supreme Court. Fantasy sports betting firms such as DraftKings and FanDuel have been focusing on real money sports betting activity. Six US jurisdictions have made sports betting legal adding traction to the action. Family friendly Disney’s CEO Bob Iger, has stated that he does not want to get involved with gambling. During Disney’s recent first-quarter earnings report Iger was asked, “As sports gambling becomes legal in the U.S. state by state, is that something that can coexist within the family-friendly Disney brand?” In short, Iger’s answer was no. The CEO said, “I don’t see The Walt Disney Company, certainly in the near term, getting involved in the business of gambling, in effect, by facilitating gambling in any way.” That being said there is some conflict in the optics of Iger’s response considering ESPN is a Disney owned company, and in the past few years, ESPN has increased sports gambling programming. There is considerable gambling content on ESPN Insider and betting lines were shown on ESPN.com. Iger did say the distinction for Disney is that the shows on ESPN provide betting content, but do not take bets from gamblers. Iger continued, “I do think that there’s plenty of room, and ESPN has done some of this already and they may do more to provide information in coverage of sports…that would be relevant to and of particular interest to gambling – and not be shy about it, basically being fairly overt about it. But getting into the business of gambling, I rather doubt it.”

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