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☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

☆ How the Disney-Charter feud over cable fees could burst the sports-rights bubble
▼ + stars: | 2023-09-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Distributors are making it harder for legacy media companies like Disney to bid for valuable sports content. "Historically, I felt media companies had the advantage with the content," Naveen Sarma, senior director of US Media & Telecom at S&P Global Ratings, told Insider. "The cable companies inevitably gave in. For the past couple years, we've wondered why the cable companies weren't taking the stand." "Some of the tech and streaming companies have the ability to be global and create custom packages for leagues.

Persons: —, NBCUniversal, Fox, that's, Naveen Sarma, we've, Disney, WBD, Max, David Zaslav, LightShed, Marty Conway, Conway Organizations: Big Tech, Distributors, Disney, Apple, Charter Communications, Sports, P Global Market Intelligence, Paramount, Warner Bros, ESPN, Media, US Media, Telecom, Hulu, NBA, Fox, 4Q, UBS, LightShed Partners, YouTube, Georgetown University, Major League Baseball, NFL, MLS, Tech, aren't

☆ Wells Fargo says Disney shares to rally 60% with Iger's possible divestitures adding $10 a share
▼ + stars: | 2023-07-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Wells Fargo is bullish on the potential sale of Disney 's noncore linear assets. Disney's segment operating income compound annual growth rate is currently 15% and could jump to 20% with the divestitures, Cahall calculated. "They may not be core to Disney," Iger told CNBC's David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho. Disney's TV network portfolio includes ABC and ESPN, although Iger said he's open to finding a strategic partner with ESPN . Wells Fargo sees the potential sale of the TV assets as just one step in the company's turnaround plan.

Persons: Wells, Steven Cahall, Bob Iger, Iger, CNBC's David Faber, Wells Fargo, Cahall, Rome wasn't, Iger's, — CNBC's Michael Bloom Organizations: Disney, ESPN, Allen & Co, ABC Locations: Sun Valley , Idaho, Rome

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