Business Maverick: Disney CEO says sports betting is a reason for keeping ESPN

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Walt Disney CEO Bob Chapek said the ESPN sports networks are critical to his overall vision of the company, one that involves more direct connections to consumers, including wagering on sports.

“Sports betting is a part of what our younger, say, under-35 sports audience is telling us they want as part of their sports lifestyle,” Chapek said in an interview at Disney’s D23 fan event in Anaheim, California. Asked if the company was developing an ESPN sports-betting app, Chapek said: “We’re working very hard on that.”

“If you have a house that you’re gonna put up for sale and you have a hundred buyers, you probably got a pretty cool house,” he said. Chapek said the company has been in contact with representatives of Florida Governor Ron DeSantis in an effort to maintain the independent status of the Reedy Creek Improvement District, the self-regulated municipal entity that provides services to the Walt Disney World resort. Florida legislators voted earlier this year to disband the district.

 

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