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CEO Michael Rubin on betting within the Fanatics ecosystem
CNBC Television· 2025-06-18 19:15
The bed and game business I think has been the biggest surprise for people when we started um 3 years ago, two years ago. I mean we launched in September of 20 um three people like laughed at us. They said a duopoly, right.Yeah. They said it's a duopoly. You have no chance.We now have 7 and a half 8% of the sports market and we've been live for 20 months. We've got about 4% of the eye gaming market. So we're super excited.We've spent less than $150 million in marketing. But what we did was we launched with ...
Red Sox shake-up: Was Devers trade a smart business move?
Yahoo Finance· 2025-06-18 19:13
From high-profile trades to high-stakes media rights, the dollars behind the games are moving fast. This week on Yahoo Finance Sports Report, host Joe Pompliano takes a look at some of this week’s biggest headlines in the sports business world that you and your portfolio need to know. From the Red Sox Rafael Devers trade, to Netflix’s Canelo Alvarez versus Terence Crawford superfight, to the WNBA’s broadcast rights extension with Scripps, the financial plays shaping the sports business are ones to watch. Fa ...
DraftKings CEO Jason Robins on Illinois sports betting tax
CNBC Television· 2025-06-18 18:00
So, so when did this this 50 cent increase on bets go into into place and have you seen any any evidence about how consumers are absorbing it yet. Well, it hasn't gone into place yet. We announced it'll go in September 1st.You know, this is a recent development. Uh the Illinois legislature uh for the second time in two years raised our taxes. This one was just incredibly illconceived.it was a per wager tax of 50 cents. Uh which you know makes no sense if you're betting a dollar or 50 cents or even if you're ...
Powersports Leader BRP Opens First Flagship Store in Paris
Prnewswire· 2025-06-18 14:12
Core Insights - The opening of BRP's flagship store in Paris marks a significant milestone for the company in Europe, enhancing its market presence and commitment to long-term investment in the region [1] - The store will focus on BRP's new electric motorcycles, the Can-Am Pulse and Can-Am Origin, which are designed to cater to urban commuters and off-road enthusiasts [2][6] - BRP's proprietary electric technology, Rotax E-Power, provides instant torque and features an innovative liquid-cooled system that optimizes battery performance and charging efficiency [3] Company Overview - BRP Inc. is a global leader in powersports products, with a diverse portfolio including Ski-Doo, Sea-Doo, and Can-Am vehicles, and reported annual sales of CA$7.8 billion [11] - The company has a network of over 450 dealers and distributors across the EMEA region, indicating a strong market presence [1] Product Features - The Can-Am Pulse is designed for urban commuting, featuring a 10.25-inch touchscreen display and an Active ReGen system for enhanced control [5] - The Can-Am Origin is built for versatility, equipped with off-road capabilities and advanced suspension systems, making it suitable for various terrains [6] - Both models offer a range of 28 accessories for customization, enhancing practicality for city commuting [4] Electric Motorcycle Specifications - The electric motorcycles are available in two power options: 11kW and 35kW, with the 11kW option accessible to drivers with a car license after a brief training course [2] - Charging from 20% to 80% can be achieved in 50 minutes using Level 2 charging, showcasing the efficiency of BRP's electric technology [3]
STAGWELL'S (STGW) CONSULUM AND PARTNERS LAUNCH MAYDAN SPORTS: A GLOBAL SPORTS ENGAGEMENT COLLECTIVE DEDICATED TO THE MENA REGION
Prnewswire· 2025-06-18 09:23
Core Insights - Maydan Sports is launched as a global sports engagement collective aimed at enhancing the MENA region's sports presence and reputation [1][2] - The initiative is a collaboration between Consulum and various Stagwell network companies, focusing on maximizing the impact of sports for federations, clubs, public bodies, and brands in the region [1][3] Industry Overview - The MENA region is identified as the fastest-growing sports market globally, hosting significant events such as the FIFA World Cup, Asian Football Cups, and Formula 1 races, positioning it as a hub for sports and innovation [4] - The collective aims to leverage the region's growing sports landscape to create opportunities for various stakeholders, including governments, brands, and local communities [5] Company Details - Consulum is recognized as a leading strategy and communications advisory firm in the MENA region, specializing in enhancing organizations' global standing [8] - Stagwell, the parent company, is described as a challenger holding company focused on transforming marketing through a blend of creativity and technology [6] - The Maydan Sports initiative draws on the expertise of several award-winning agencies within the Stagwell network, including Allison Worldwide, ARound, Assembly, Code and Theory, and Gold Rabbit Sports, each contributing unique capabilities in sports marketing and technology [7][9][10][11][12][13]
Mixed Martial Arts Group Limited Announces Pricing of $5.0 Million Underwritten Offering
Globenewswire· 2025-06-17 20:12
Core Viewpoint - Mixed Martial Arts Group Limited (MMA) has announced a public offering of 6,578,948 ordinary shares at a price of $0.76 per share, aiming to raise approximately $5.0 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on June 18, 2025, pending customary closing conditions [1]. - The net proceeds from the offering will be allocated for product development, marketing, advertising, scaling sales efforts, and general working capital [2]. - WestPark Capital, Inc. is acting as the Sole Book-Runner for the offering [2]. Group 2: Company Overview - MMA operates four core business units and has over 5 million social media followers, 530,000 user profiles, 50,000 active students, 18,000 published gyms, and 800 verified gyms across 16 countries [5]. - The company is focused on transforming the combat sports industry by enhancing participation and engagement among fans, athletes, coaches, and gym owners [5]. Group 3: Registration and Compliance - The offering is conducted under a registration statement on Form F-1, which was declared effective by the SEC on June 12, 2025 [3]. - A final prospectus related to the offering will be filed with the SEC and will be available for public access [3].
Lottery.com Appoints Acclaimed Actor and Director Tamer Hassan as President of Sports.com Studios
Globenewswire· 2025-06-17 19:25
Core Insights - Lottery.com Inc. has appointed Tamer Hassan as President of Sports.com Studios, a new content division focused on sports-related films and programming [1][3][4] - Hassan has over 25 years of experience in international film and television, known for roles in notable productions [2] - The new division aims to develop and distribute compelling sports-focused content, marking a significant step in Sports.com's expansion into entertainment media [3][5] Company Developments - Tamer Hassan's leadership is expected to enhance the creative and strategic direction of Sports.com Studios [3][4] - The division is currently in pre-production on several projects, including a documentary series about a major British football club [4] - The initiative reflects the company's strategy to blend sports, cinema, and storytelling, aiming to inspire global audiences [5] Leadership Statements - Matthew McGahan, Chairman & CEO, praised Hassan's unique qualifications and connection to sports, emphasizing the potential for powerful content creation [4] - Hassan expressed enthusiasm for merging the worlds of sport and film to create authentic narratives for fans [5]
Lottery.com Executives Share Growth Strategy at FIFA Club World Cup US Kickoff
Globenewswire· 2025-06-17 15:30
Lottery.com Leadership at FIFA Club World Cup’s U.S. kickoff From left to right: Matthew McGahan, Lottery.com Chairman and CEO; Dennis Wise, Sporrts.com Ambassador; Marc Bircham, Lottery.com director. Rose Bowl Empty Rose Bowl being prepped for Paris Saint-Germain vs. Atlético Madrid match Paris Saint-Germain vs. Atlético Madrid match Paris Saint-Germain vs. Atlético Madrid match held at the Rose Bowl FORT WORTH, Texas, June 17, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“L ...
XWELL Named Official Wellness Spa of the Orlando Magic
GlobeNewswire News Room· 2025-06-17 12:00
Core Insights - XWELL, Inc. has partnered with the Orlando Magic as the Official Wellness Spa, marking a strategic expansion into local markets, starting with Florida [1][2] - The partnership aims to enhance brand visibility and community engagement, promoting wellness beyond travel hubs [2][4] Group 1: Partnership Details - The collaboration includes brand integration across various platforms such as LED signage, radio promotions, and exclusive events [3] - XWELL will host co-branded wellness events featuring Magic alumni and entertainment teams, enhancing community interaction [3][5] - The partnership is expected to strengthen XWELL's customer acquisition efforts in Florida, focusing on expanding its medspa presence [4] Group 2: Strategic Goals - Florida is identified as a priority growth market for XWELL, with plans to increase brand awareness and establish connections with local consumers [2][4] - The partnership reflects a shared commitment to health and well-being for fans, players, and staff, aligning with both organizations' values [5] Group 3: Company Background - XWELL operates a portfolio of wellness brands, including Xpres Spa and Naples Wax Center, and aims to redefine the modern wellness experience [7] - The Orlando Magic, established in 1989, emphasizes community engagement and has contributed over $2 million annually to local initiatives [8][9]
X @Investopedia
Investopedia· 2025-06-16 16:00
Financial Performance - MGM Resorts International 的股票上涨,原因是该公司及其在伦敦上市的 Entain 公司提高了他们共同拥有的 BetMGM 体育博彩和 iGaming 运营商的全年展望 [1]