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Greenlight Capital's David Einhorn continued to pick up new stocks in the first quarter, including Penn Entertainment , as the longtime value investor struggles to find opportunities in the volatile market. He established the stake at an average cost of $22.69 per share, but the stock has fallen to $17.44 as of Wednesday. Still, Einhorn said sports betting, if executed right, could take the shares much higher. "Were the market to credit PENN with merely 15% of DraftKings' value, that segment alone would be worth $20 per share." Q4 buyer's strike Einhorn had stopped building new stock positions at one point in the fourth quarter, saying he was on a "buyer's strike" due to worries about intensifying geopolitical risks.
Persons: Greenlight Capital's David Einhorn, Einhorn, PENN, he's, Greenlight, — CNBC's Leslie Picker Organizations: Penn Entertainment, CNBC, Barstool Sports, Cornell grad, Greenlight Capital, HP, Roivant Sciences, Liberty Global
The discussion began with Gregg Doyel, a columnist for the Indianapolis Star newspaper, making a heart with his hands to Clark, a gesture Clark often used during her college basketball career. I sincerely apologize.”In a separate post on X, he added: “Caitlin Clark, I’m so sorry. Caitlin Clark Introductory Press ConferenceDoyel’s back and forth with Clark was almost universally panned online. — I now realize what I said and how I said it was wrong, wrong, wrong. “Caitlin Clark, I’m so sorry.”But users on X accused him of using the incident as a way to produce content and of missing the point of the offending behavior.
Persons: Caitlin Clark’s, Gregg Doyel, Clark, ” Doyel, , we’ll, emoji, , “ Caitlin Clark, I’m, Doyel, Caitlin Clark, Nicole Auerbach, Dave Portnoy, — I’m Organizations: New, New York CNN, University of Iowa, Indiana Fever, Indianapolis Star, , Indy, Press, Media, The Athletic, NBC, Sports, Indy Star Locations: New York
Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn's big win over Purdue Monday night in the NCAA men's championship game. FanDuel said the men's championship game saw a 52% year-over-year increase in bet count and a 42% year-over-year increase in handle. At Caesars , Monday's championship game accounted for the most same-game parlays ever placed on a college basketball game at their sportsbook. FanDuel, BetMGM and Fanatics say the championship game was their single biggest betting event on women's sports. Caesars said the women's championship saw double the previous handle record for a women's college basketball game.
Persons: Dave Portnoy, Portnoy, DraftKings, Barstool, FanDuel, Craig Mucklow, Caitlin Clark, BetMGM, Mucklow Organizations: Florida Atlantic Owls, Loyola, Ramblers, Wintrust Arena, Barstool Sports, Purdue, NCAA, Huskies, CNBC, DraftKings, Penn Entertainment, Washington , D.C, American Gaming Association, Caesars Locations: Chicago , Illinois, Washington ,
But in stark contrast to the eight-figure homes is another common Nantucket practice: giving away homes for free. It is much cheaper, however, to move a "free" house onto a property than to construct an entirely new dwelling. Some of the 'free' homes do good for the communitySome of Nantucket's year-round workforce lives in repurposed "free" homes. Maremagnum/Getty ImagesBuyers of the "free" homes fall into three main categories, Cohen told Business Insider. Since 1994, Housing Nantucket has repurposed 39 "free" homes into income-capped rentals on the island.
Persons: , Stephen Schwarzman, Dave Portnoy, Anne Kuszpa, It's, Steven Cohen, Cohen, they're, there's, Kuszpa Organizations: Service, Blackstone, Barstool, Wall Street Journal, Housing, Business Locations: Nantucket, Massachusetts, Cape Cod, Housing Nantucket, Miacomet
How to buy tickets for Usher's 2024 concert tourYou can buy original standard tickets to Usher's Past Present Future Tour on Ticketmaster. Prices for standard original tickets to Usher's 2024 tour vary depending on date, location, and demand. On StubHub, resale ticket prices tend to be more affordable for Usher's 2024 concert tour. Usher has yet to announce any opening acts for his 2024 concert tour. Usher's 2024 tour will include two shows in Toronto, Canada, in September and two performances in Vancouver, Canada, in November.
Persons: Usher, Usher's, We've, Diamond Barstool, Savage, Summer Walker, StubHub Organizations: Business, Super, FL, IL, AZ, Ticketmaster Locations: Las Vegas, American, United States, Canada, Atlanta , Georgia, Houston , Texas, Atlanta, Washington, Baltimore, Boston, Philadelphia, Toronto, ON, Brooklyn, NY, Detroit, MI, Denver, Inglewood, CA, Oakland, Dallas, Austin, Miami, Charlotte, NC, Louis, Chicago, Minneapolis, Vancouver, BC, Seattle, WA, Vegas, Anaheim, Phoenix, Houston, Miami , Florida, Dallas , Texas, Minneapolis , Minnesota, North America
Read previewAn American Airlines flight descended into chaos on Tuesday when a traveler tried to open an emergency exit door mid-air, forcing other passengers to restrain him before he was duct-taped and zip-tied, witnesses said. "He ripped down the handle where it exposed some of the emergency exit and all the wind came rushing down," Ritz told the news outlet. Blaze Ward, one of the fliers who helped subdue the man, told KOAT-TV that the man "was resisting, but there were no punches, at least not to me." This guy opened the emergency exit door. "This guy opened the emergency exit door.
Persons: , Zach Etkind, Etkind, , Don, @DonnieDoesWorld, Emma Ritz, Daniel Lewis, Blaze Ward, Ward, we’ve, we've Organizations: Service, American Airlines, Business, Boeing, Albuquerque, CNN, Panda, Sports, Twitter, Fox News Digital, Ritz, KOAT, Federal Aviation Administration, United States Attorney's Office, District Locations: Chicago, Albuquerque , New Mexico, Albuquerque, ABQ, New Mexico
Nine hours at the most unhinged hole in golf
  + stars: | 2024-02-13 | by ( Zak Jason | ) www.businessinsider.com   time to read: +12 min
But this was Saturday at the 16th hole of Phoenix’s Waste Management Open, also known as the loudest day at the Loudest Hole in Golf, also known as the Greatest Show on Grass. “We’re so back.”In theory, this was a professional golf tournament, one of the oldest on the PGA Tour. Iwas there as an inevitable result of being in all-male group chat, its own black hole of feral manhood. Few were watching golf; most were huddled in circles many yards from the 16th hole, drinking and people-watching. That’s worth the wait.”Inside our box, golf continued to happen, but if the golfers weren’t teeing off, no one was watching the course.
Persons: seltzer, “ He’s, , , Vuori, Oxford —, there’d, Creed’s, Scott Stapp sauntering, Christian Petersen, Getty “ Scott Stapp, , Miller, George Bush, Orlando Ramirez, Getty, ” He’d, ctT5HMvIyg, Happy, Thomas Jefferson, MAGA, Him Cook, Ross D, Jesus Christ, Johnny, weren’t teeing, Hey, Potter, hal, Ben Jared, shitshow ” Organizations: Waste, Oxford, PGA, NBC, Alabama, pats, BlackRock, Bulls, WM, SEC, Happy Gilmore Bruins, Mardi Gras, Franklin, Waste Management Locations: Patagonia, Phoenix
ESPN Bet is coming to the Big Apple. 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. But Eilers & Krejcik estimated ESPN Bet came away with 8% market share when it launched in November, good enough to take a third-place position. Now, if New York gaming regulators sign off on the license transfer to Penn, ESPN Bet could provide new and potentially formidable competition in the nation's biggest sports betting market.
Persons: Wynn, Penn, Dave Portnoy, Portnoy, FanDuel, Shaun Kelley, Taylor Swift, Travis Kelce Organizations: ESPN Bet, Big Apple, Penn Entertainment, Wynn Resorts, Wynn Interactive, New, New York, Gaming Commission, ESPN, National Football League, Caesars, Krejcik, Bank of America, NFL, Kansas City Chiefs, Penn, CNBC PRO Locations: New York, Pennsylvania, BetMGM
The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.
Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, , Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho
3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.
Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York
The company sees earnings per share ranging between 60 and 65 cents, well below an LSEG estimate of 72 cents per share. Horton — Shares of the home construction company slipped more than 5% after first-quarter earnings per share missed Wall Street estimates. Horton earned $2.82 per share, while analysts polled by LSEG expected a profit of $2.88 per share. Analysts expected earnings of 80 cents per share, according to LSEG. Analysts expected a profit of $1.24 per share on revenue of $19.7 billion.
Persons: Truist, Enphase, Goldman Sachs, Glen Santangelo, D.R, Horton —, Horton, LSEG, Halliburton, FactSet's StreetAccount, groundings, Johnson — Johnson, Johnson, RTX, CNBC's Hakyung Kim, Samantha Subin, Jesse Pound, Lisa Kailai Han, Fred Imbert Organizations: JPMorgan, General Electric, Energy, Federal, 3M, Goldman, Teva Pharmaceutical Industries, pharma, Jefferies, Logitech —, Logitech, Wall Street, United Airlines –, United Airlines, LSEG, Boeing, Max, Barstool Sports, Netflix, Johnson, Verizon, Procter, Gamble, RTX Corporation, Wall
United Airlines – The airline stock popped nearly 5% a day after the company reported higher-than-expected earnings and revenue for the fourth quarter. TKO Group – Shares of TKO Group Holdings rallied 15.8% after announcing a deal to air its WWE flagship program known as "Raw" on Netflix next year. Revenue topped expectations, but earnings fell 6 cents short of analysts' expectations, per LSEG. Verizon posted $1.08 in adjusted earnings per share on $35.13 billion in revenue, while analysts surveyed by LSEG forecasted $1.07 per share in earnings and $34.64 billion of revenue. Procter & Gamble posted mixed results for its fiscal second quarter , topping earnings expectations but falling short on revenue.
Persons: Alibaba, Alibaba's, Truist, Coinbase – Coinbase, Goldman Sachs, Jefferies, Lockheed Martin, Horton –, Halliburton – Halliburton, Johnson – Johnson, Wall, Gamble, RTX, Zions Bancorporation, Yun Li, Sarah Min, Alex Harring Organizations: United Airlines –, Boeing, Max, Group, WWE, Netflix, LSEG, New York Times, Sunnova Energy, Enphase Energy, Federal Reserve, JPMorgan, Reuters, CSI China Internet, General Electric, GE, Teva Pharmaceutical, Teva Pharmaceuticals, Lockheed, Logitech –, Logitech, Barstool Sports, Johnson, Verizon –, Verizon, Procter, FactSet Locations: Alibaba –, China, fundaments
CNN —Philadelphia Eagles center Jason Kelce could potentially be heading towards retirement, but right now, he appears to be focused on having the time of his life. The seven-time Pro Bowl center was in attendance in western New York on Sunday in support of his younger brother, Kansas City Chiefs tight end Travis Kelce. Kelce was also seen in among the action before the game as well. Kelce and Swift are spotted in the suite ahead of the game. All in all, while it might have been a Kelce family day to remember, Jason definitely seemed to be the one in the best spirits.
Persons: Jason Kelce, Travis Kelce, Kelce, Taylor Swift, Travis, Patrick Mahomes, Jason, Adrian Kraus, ” Kelce, , , – Swift, Swift, Mark J Organizations: CNN, Philadelphia Eagles, Pro, Kansas City Chiefs, Chiefs, Buffalo Bills, AFC, Kansas City, Bills, Buffalo, Eagles, ‘ Bills Mafia, NFL, Tampa Bay Buccaneers, Kelce, USA, Sports, Reuters Locations: New York, Buffalo
CEO of Barstool Sports Announces She's Leaving, Saying 'The Work I Came Here to Do Is Done'Erika Ayers Badan is stepping down as the CEO of Barstool Sports
Persons: Erika Ayers Badan Organizations: Barstool, Barstool Sports
In other words, ESPN Bet has arrived. The companies announced in August their collaboration, with the operator selling its stake in Barstool Sports to rebrand Barstool Sportsbook as ESPN Bet. Screenshots from the ESPN Bet app. Providing easy transitions between the ESPN and ESPN Bet apps is a key focus to drive that metric, he added. — ESPN BET (@ESPNBet) November 10, 2023The move has given ESPN Bet an advantage on social media with 5.4 million followers on X, 2.7 million on Facebook, and 2.4 million on Instagram.
Persons: It's, Jay Snowden, Mike Morrison, Morrison, Scott Longley, DraftKings, Penn, Snowden, Jimmy Pitaro, Pitaro, I'm, cohesively we've, Keys, Fubo Sportsbook, Maxim Bet, it's Organizations: ESPN Bet, ESPN, Penn Entertainment, Sports, Business, Apple, Caesars, Penn, ESPN Penn, TheScore, Fox, Maxim, Yahoo, Walt Disney Company, ESPN BET, Facebook Locations: Penn, Las Vegas
NEW YORK (AP) — ESPN Bet, a rebranded sports-gambling app owned by Penn Entertainment, is set to launch Tuesday. Under the agreement, Penn will operate ESPN Bet while ESPN promotes the app across its online and broadcast platforms. It's unclear when ESPN Bet will officially be available to download. In addition to the $1.5 billion licensing deal, Penn also said it would grant ESPN rights worth about $500 million to purchase shares in Penn. The upcoming launch of ESPN Bet could take Walt Disney Co.-owned ESPN into uncharted waters.
Persons: Penn, Dave Portnoy Organizations: ESPN Bet, Penn Entertainment, ESPN, Penn, Sports, Walt Disney Co Locations: — Arizona, Colorado , Illinois , Indiana , Iowa , Kansas , Kentucky, Louisiana , Maryland , Massachusetts, Michigan , New Jersey , Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Penn
Billionaire investor Mark Cuban vividly remembers the moment he finally felt successful — because he spent so many years beforehand trying to stave off being flat broke. The turning point "was probably when I had $100,000 in the bank," Cuban, now 65, said. And telling my dad who just broke down in tears and started sobbing." The effort paid off when Cuban sold MicroSolutions for $6 million in 1990 to CompuServe, a now-defunct internet services company. "There's a huge difference between being a millionaire and a billionaire," Cuban told GQ.
Persons: Mark Cuban, GQ —, he'd, Dave Winslow, we're, It's, Charles Schwab's, Cuban, Barstool, Broadcast.com Organizations: Cuban, GQ, Wealth Survey, Cisco, CompuServe, Yahoo, CNBC Locations: Cuban
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Persons: Dow Jones, portnoy Locations: nantucket
Dave Portnoy bought a $42 million waterfront home in Nantucket, The Wall Street Journal reported. AdvertisementAdvertisementDave Portnoy bought a record-setting $42 million home in Nantucket, The Wall Street Journal reported, citing people familiar with the deal. Photography: Read McKendree, Architecture and interior design: Workshop/APDPhotography: Read McKendree, Architecture and interior design: Workshop/APDThe sale set a residential real estate record for the island as well as the entire state of Massachusetts, according to the Nantucket Current. AdvertisementAdvertisementPhotography: Read McKendree, Architecture and interior design: Workshop/APDPhotography: Read McKendree, Architecture and interior design: Workshop/APDThe waterfront compound, built in 2018, was designed by Andrew Kotchen, a renowned local architect and designer, Dunlap said. Photography: Read McKendree, Architecture and interior design: Workshop/APDPhotography: Read McKendree, Architecture and interior design: Workshop/APDTunnels in luxury homes aren't entirely new.
Persons: Dave Portnoy, , Portnoy, Shellie Dunlap, Andrew Kotchen, Dunlap, Alice, Ron Syrnyk, Peter Engen, Lee Organizations: Street Journal, Service, Lee, Street, Penn Entertainment, Insider Locations: Nantucket, Massachusetts, Wonderland
And a new report sheds light on how those efforts are resonating with younger fans. Compared to NFL fans aged 30 and older, fans in their 20s were three times more likely to place a bet every week. And only 11% of fans in their 30s spent more than $1,000 annually on sports betting, versus 28% of younger fans. That number was just 33% among fans aged 30 and up. Most of these fans said they played in a fantasy league during the 2022 football season, but most older fans didn't.
Persons: YouGov, FanDuel, Barstool, Penn, Fox, sputtered, Barstool Sportsbook, sportsbooks, NFL RedZone, aren't, they're Organizations: NFL, Sports, Penn Entertainment, ESPN Bet, Fox, Bally Bet, Brand, FOX Bet
CNN —Taylor Swift broke sports media when she showed up to the Kansas City Chiefs game on Sunday, seated next to tight end Travis Kelce’s mother, Donna. The outing capped a frenzied period of speculation in which the rumor mill had been working overtime to speculate whether Swift and Kelce were, in fact, an item. Swift has been incredibly vocal about how much she dislikes when people speculate about her dating life. “I feel like watching my dating life has become a bit of a national pastime,” she told Rolling Stone in 2014. “Taylor is very focused on work right now and hanging out with her girlfriends,” a source told People magazine.
Persons: Frankie de la, , Mary, CNN — Taylor Swift, Travis Kelce’s, Donna, Swift, Delia M, Harrington, Kelce, Jason, Sophie Turner, “ Travis Kelce ”, Pat McAfee, “ I’ve, , Stone, I’ve, , they’re, ” Swift, Stephen A, Smith, ” Kelce, Colin Cowherd, “ Travis Kelce, — MEL, “ Taylor, “ Travis Organizations: National Women’s Football League, , The New York Times, Sports, CNN, Kansas City Chiefs, NFL, Philadelphia Eagles, MTV, ESPN, Chiefs, , Swift’s PR Locations: Arrowhead
The Daily Beast found more than 40 accounts used by Barstool Sports to repost copyrighted material. The accounts ripped and posted copyrighted clips embedded and reposted by Barstool, per The Daily Beast. Using the site's password reset system, The Daily Beast discovered the accounts were associated with email addresses under the barstoolsports.com domain. However, Barstool accounts could still repost from the shadow accounts without fear of being impacted by the takedown notices. "Their business is built on stealing other people's IP," The Daily Beast reported Rubin said of Barstool.
Persons: It's, Barstool, Dave Portnoy —, Portnoy, Erika Ayers Badan, Miel Bredouw, Brigitte Stelzer, Ben Rubin, they'd, Rubin Organizations: Barstool Sports, Barstool, Service, Daily, Beast, Copyright Locations: Wall, Silicon
The start of the regular NFL season kicks off the biggest sports-betting season of the year. Here are the battlegrounds to watch as Fanatics and ESPN Bet enter and Bet365 gains share. The NFL kicked off Thursday night, and so did the biggest season of the year for US sports betting. It ranked fourth among more than 40 apps in EKG's national panel of "secret shopper"-style app testers — behind only FanDuel, DraftKings, and PointsBet. "There's one strategy: you have to be early, you have to be ahead of the start of the season," Beynon said.
Persons: We've, Macquarie, Chad Beynon, Bet365, Chris Krafcik, Krafick, EKG, Penn, It's, Sportsbook, isn't, Beynon, That'll, DraftKings, it's, BetMGM, Entain, Wynn Organizations: NFL, Bank of America, ESPN Bet, Penn Entertainment, Fox, Krejcik, ESPN, DraftKings, Penn, BetMGM, Caesars, MGM, Angstrom Sports, Wynn Resorts, Rush, Interactive Locations: Ohio, Colorado, Virginia, BetMGM, FanDuel, Macquarie, Las Vegas, Chicago, Connecticut
The 2023 season starts on Sept. 7, with the defending Super Bowl champion Kansas City Chiefs hosting the Detroit Lions. The next few days could be a good short-term trading opportunity for the sports betting stocks, according to a Wednesday note from the Bank of America consumer trading desk. "Online Gaming stocks have a history of rallying into and on the start of NFL Season, though less so after," the note said. The biggest pure-play online sports betting stock in the U.S. is DraftKings , with a market cap of more than $12 billion. DKNG YTD mountain DraftKing's stock price has more than doubled in 2023.
Persons: Refinitiv, BETZ, — CNBC's Michael Bloom Organizations: NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, Bank of America, Wall, Ceasars Entertainment, MGM Resorts International, Penn Entertainment, ESPN, iGaming Locations: U.S, Barstool
Tucker Carlson also thinks Trump and Biden are too old to be president. "I agree 100%," Carlson told Portnoy in the latest episode of Carlson's Twitter show that was posted on Thursday night. Portnoy, who interviewed Trump at the White House during his presidency, said that while he thinks "both Trump and Biden are too old" that Biden is somehow worse. As for Trump, Portnoy argued that the former president should have participated in the first GOP presidential debate. Representatives for Biden, Trump, and McConnell did not immediately respond to Insider's request for comment.
Persons: Tucker Carlson, Trump, Biden, Carlson, Dave Portnoy's, Portnoy, Joe Biden, Donald Trump, Mitch McConnell, McConnell, Brian P, Monahan, Sen, Dianne Feinstein, Gray, it's Trump Organizations: Barstool Sports, Service, Fox News, White, Trump, Capitol, Republican, California Democrat, Fox, Biden Locations: Wall, Silicon, California
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