Sports betting

Disney's ESPN is at a crossroads.For more than 40 years, the world's largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN's monthly carriage fee was $9.42 per subscriber, according to data from S&P Global Market Intelligence.That business model is eroding. Since 2013, tens of millions of Americans have canceled their cable TV subscriptions, raising questions about ESPN's future…

ESPN Bet is coming to the Big Apple.Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It's the same amount Wynn paid New York state to operate there.Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting license in 2021. Penn was not — and it has missed out on the action from the nation's largest sports betting market.In the two years since New York launched online sports betting, at least $35.7…

Multiple shocks to global supply chains brought about first by the pandemic and more recently by Iran-backed Houthis targeting cargo ships in Red Sea have shown there’s a need for greater resilience in global shipping. At the same time, the pressure to reduce both costs and carbon footprints continues apace.  Quietly, investors are eyeing up tech platforms for ports and cargo ships, which could prove to be a very savvy investment.  There are already several signs this is happening. Most recently, Portchain — a Danish…

Nick Laham | Getty ImagesThe National Football League is holding the Super Bowl in the gambling capital of the U.S. for the first time, but Commissioner Roger Goodell is reminding team personnel they are not allowed to take part in the action.Goodell sent out a memo Thursday ahead of Super Bowl 58 in Las Vegas, telling staff from all teams that the league's policy bars them from betting on sports or entering a sportsbook in Vegas. Employees of the participating Kansas City Chiefs and San Francisco 49ers will not be…

One day this summer, internet personality Adin Ross switched on his camera and started broadcasting himself live to thousands of fans, sipping a Yerba Mate drink and nodding along to Lil Uzi. Ross soon cut the music and started talking, assuring his fans that he would livestream Jake Paul’s coming boxing match, even though it would violate copyright laws. “I’ll pay the fines,” he promised. Later, he streamed himself playing online slot machines and blackjack on a gambling site, Stake. Once, he streamed pornography. He has…

DraftKings is offering to buy PointsBet Holdings’ U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets. DraftKings is offering to buy PointsBet Holdings’ U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In…

Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others entered the fast-growing market. Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others…

While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino wagering along with it.Speaking Wednesday at the East Coast Gaming Congress in Atlantic City, industry executives and legislators from gambling states offered various explanations for why internet gambling has yet to expand beyond a handful of eastern states. Internet gambling is legal in New Jersey, Connecticut,…

Kansas City Chiefs tight end Travis Kelce makes a catch for a touchdown in the first quarter past the defense of Philadelphia Eagles safety Marcus Epps during Super Bowl LVII Sunday, Feb. 12, 2023, in Glendale, Arizona.Rich Sugg | Kansas City Star | Tribune News Service | Getty ImagesThe nation's top professional leagues are teaming up with some TV broadcasters to tackle irresponsible sports-betting advertising.The NFL, NBA, NHL, MLB, WNBA, NASCAR, and MLS have joined media companies NBCUniversal and Fox to form The…

The Chicago-based company had long been kept out of the Super Bowl because rival Anheuser-Busch InBev BUD -1.79% NV had exclusive rights to be the sole alcohol brand to be featured during the game, which it gave up last year. In anticipation of its return, Molson recently ran print, online and outdoor ads asking consumers which of its two light beers—Miller Lite or Coors Light—deserves the brewer’s coveted Super Bowl spot. The buildup has been part of an elaborate Super…