Super Bowl 56’s ratings rebounded, up 16.5% over last year. Nielson reported 112.3 million watched the big game on NBC’s television and streaming platforms. Meanwhile, both Nevada and New Jersey reported record sports betting totals for the event. The Los Angeles Rams pulled out a 23-20 victory over the Cincinnati […]
As MLB’s lockout continues, MiLB is providing fans with more than enough baseball news. The good news from MiLB includes a surprise $600,000 payout and its first woman manager. The less-than-good news features its ongoing conflicts with MLB, including an antitrust lawsuit. And let’s not forget, robot umpires. MLB owners […]
In a surprising turnaround, Wynn Resorts decided to sell its fledgling sports betting business, WynnBet. Instead, the casino company will work to introduce its core business to the Middle East. On Tuesday, Wynn signed a deal with the United Arab Emirates (UAE) to build a resort with a gaming area. […]
Microsoft has suddenly become the world’s third-largest gaming company behind Tencent Holdings and Sony following its announcement Tuesday that it acquired Activision Blizzard for $68.7 billion. The news came just as the gaming community was digesting Take-Two Interactive’s purchase of Zynga. Gaming is one of the few sectors to excel […]
John Elway and Peyton Manning are both in the hunt for an ownership stake in the Denver Broncos. Meanwhile, the team is not officially for sale. A recent court decision, however, may finally pave the way for new ownership. Pat Bowlen placed the Denver Broncos in a family trust back […]
If the MINT25 auction is any indication, sports collectibles are going to enjoy another big year. This collection features 25 iconic items, including a 1918 signed Babe Ruth contract. While Ruth’s contract could fetch upwards of $1 million, a rare item signed by Tom Brady could top $2 million. The […]
The New York Times plans to acquire The Athletic for $550 million. The acquisition of the sports media company solves two problems for the 170-year-old newspaper. The NYT’s sports coverage has always been thin. Meanwhile, the paper has been looking for ways to expand its digital subscription base. Buying The […]
Endeavor Group Holdings has agreed to buy 10 Minor League Baseball teams, including the affiliates of prominent MLB franchises like the New York Yankees and the Atlanta Brave. One of the teams, the Oklahoma City Dodgers, is currently co-owned by Endeavor President Mark Shapiro. Endeavor got its start as a […]
Hard Rock International announced on Monday that it will buy the Mirage Hotel & Casino for $1.075 billion. The Florida-based company will also spend $1.5 billion to remodel the resort, adding another hotel tower. MGM Resorts will net $815 million from the sale after taxes and fees. Hard Rock International […]
MLB owners instituted a lockout after Wednesday’s deadline for a new collective bargaining agreement came and went. It’s the first MLB work stoppage since the 1994 strike and, while there is plenty of time before the March 31, 2022 opening day, punters are already betting on a delay. It’s true […]
Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings’ CEO, was among those detained. The region’s casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the ’08-’09 financial […]
Fenway Sports Group (FSG) plans to take a majority stake in the NHL’s Pittsburgh Penguins. The deal, which still needs NHL owners’ approval, is reportedly valued at $900 million. The Penguins will join Fenway Sports’ portfolio of teams that include the Boston Red Sox, the Salem Red Sox, Liverpool FC, […]
Over the past month, two big sports betting deals have gone bust. DraftKings dropped its $22 billion offer for Entain while, meanwhile, Wynn Resorts called off the merger of WynnBet with Austerlitz Acquisition. And in the blink of an eye, the red-hot sports betting market has started to cool. Once […]
The number of cryptocurrency deals in sports continues to climb. Crypto.com recently made headlines with a record-breaking $700 million naming rights deal for LA’s Staples Center. Meanwhile, the NFL’s Tom Brady and MLB’s Shohei Ohtani are cashing in with cryptocurrency hookups. In 2021, the value of cryptocurrencies soared. As a […]
DraftKings and FanDuel still don’t have licenses to operate in Nevada, but that’s not for lack of trying. Both sportsbook companies have submitted applications to the Nevada Gaming Control Board. Their applications, however, have been “pending” for a considerable amount of time. It seems strange that two of the biggest […]
A pair of sneakers worn by Michael Jordan in his early days with the Chicago Bulls broke the public auction record on Sunday. The sneakers sold for $1.472 million. Subsequently banned by the NBA, the notorious sneaker design ignited sales of Nike’s Air Jordan 1. Last year, Christie’s auctioned a […]
Milwaukee Bucks owner Marc Lasry quit as Chairman of Ozy Media amid allegations of corporate fraud. Ozy Media recently came under fire after its COO impersonated a YouTube executive to secure funding. And that wasn’t Ozy’s first bizarre misstep. Ozy Media was an up-and-coming online media company with a charismatic […]
It was another busy week in gambling mergers. MGM Resorts will pay $1.63 billion to operate The Cosmopolitan. Meanwhile, Endeavor will buy sports betting platform OpenBet from Scientific Games for $1.2 billion. While most of the mergers in the gambling industry involve sports betting, there are still a handful of […]
The UK is considering a ban on gambling company ads on the front of Premier League soccer jerseys. Meanwhile, Caesars Entertainment just announced it would advertise its sportsbook on the front of the Washington Capital’s NHL jerseys. The news highlights the countries’ contrasting sports betting history. Bookmakers have been legal […]
DraftKings offered to acquire the UK-based sports betting and gambling company Entain. Entain has a 50% stake in BetMGM and operates the Ladbrokes, PartyPoker, bwin, Sportingbet and Coral brands. CNBC’s sources report the offer is for $20 billion in DraftKings’ stock and cash. Investors quickly reacted to the news. Entain’s […]
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