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Contessa Brewer - 14 CNBC's Contessa Brewer - 4 Sands - 2 DraftKings - 2 we've - 2 Jay Snowden - 2 Jim Cramer - 2 Mark Cuban - 1
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25 mentions found


☆ Mark Cuban is selling his majority stake in the Dallas Mavericks to the Adelson family
  + stars: | 2023-11-28 | by ( Contessa Brewer Brian Sullivan | Contessa Brewer | Brian Sullivan | ) www.cnbc.com   time to read: +3 min
Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family — the largest shareholders in Las Vegas Sands , a source familiar with the deal told CNBC. Adelson is selling $2 billion worth of company stock, or roughly 10% of her stake, according to an announcement from the company. Las Vegas Sands disclosed in filings Tuesday that it will buy $250 million worth of Adelson's shares. Owning a sports franchise will be a significant departure from the activities that Miriam Adelson and her late husband were known for. As a medical doctor, Miriam Adelson is also widely known for her focus on addiction.
Persons: Mark Cuban, Miriam Adelson, Adelson, Sheldon Adelson, Patrick Dumont, Sands, Miriam, Nikki Haley, Donald Trump, –, Jessica Golden Organizations: Dallas Mavericks, CNBC, Cuban, Sands, NBA, Forbes, Vegas Sands, Las Vegas Sands, Republican, Center for Responsive Locations: Las Vegas Sands, Cuban, Macao, Singapore, Las, Las Vegas, Israel, United States
☆ Life in the fast lane: Vegas rolls out red carpet for Formula 1
  + stars: | 2023-11-17 | by ( Contessa Brewer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLife in the fast lane: Vegas rolls out red carpet for Formula 1CNBC's Contessa Brewer joins 'Worldwide Exchange' with a preview of this weekend's Formula 1 race in Las Vegas.
Persons: Contessa Brewer Locations: Las Vegas
☆ MGM expects $60 million in incremental hotel revenue from F1 weekend
  + stars: | 2023-11-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMGM expects $60 million in incremental hotel revenue from F1 weekendCNBC's Contessa Brewer reports on news from Caesars and MGM Resorts.
Persons: Contessa Brewer Organizations: MGM, Caesars, MGM Resorts
☆ Flutter shares fall after disappointing earnings — but it insists FanDuel is No. 1 in sports betting
  + stars: | 2023-11-09 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +1 min
FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot. Even as Jackson projected confidence in the company's market position, FanDuel's revenues failed to meet Wall Street expectations in the third quarter. In the U.S., the company's revenue grew by 20% year over year to $820 million, and average monthly players grew by 38%. Flutter shares plummeted after the company reported disappointing third-quarter results. It did not detail earnings results, but reiterated its full-year adjusted EBITDA guidance of $180 million in the U.S.
Persons: DraftKings, Peter Jackson, Jackson Organizations: CNBC Locations: United States, U.S, Australia, India
☆ Caesars reaches deal with Las Vegas union to avoid strike
  + stars: | 2023-11-08 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +1 min
The exterior of Caesars Palace Hotel and Casino is viewed in Las Vegas on Dec. 4, 2015. A strike is off the table for nearly 10,000 Caesars Entertainment union workers on the Las Vegas strip. The Culinary Union and Bartenders Union members voted to authorize a strike in September against Caesars, MGM Resorts and Wynn Resorts . In a statement to CNBC, Caesars said its union employees will see meaningful wage increases that align with growth opportunities and past performance. He said it would be the biggest wage increase for Caesars employees in the company's four decades of dealing with the Culinary Union.
Persons: Wynn, Tom Reeg Organizations: Caesars Entertainment, Culinary, Culinary Union, Bartenders Union, Caesars, MGM Resorts, Wynn Resorts, MGM, CNBC, CNBC PRO Locations: Las Vegas, Vegas
☆ As Disney, Fanatics threats emerge, FanDuel CEOs says online sports betting isn't for the 'faint of heart'
  + stars: | 2023-11-02 | by ( Ian Thomas | ) www.cnbc.com   time to read: +3 min
Currently, 35 states and Washington, D.C., have legal sports betting, according to the AGA. Fanatics, the Michael Rubin-founded sports merchandise company, acquired the U.S. operations of PointsBet after a several-year pursuit of an entry to the sports betting market. "These are partnerships that we've been building up for years long before online sports betting was legal in the states." And oh, by the way, you're spending a lot of money making sure that again, you can responsibly bring consumers to your platform," Howe said. Hear how CEOs from Target, FedEx, Kraft Heinz, FanDuel and more are adapting, innovating and transforming in this new era of business.
Persons: FanDuel, Michael Rubin, Amy Howe, CNBC's Contessa Brewer, you've, Howe, there's, we've, It's, Kraft Heinz Organizations: Supreme, American Gaming Association, D.C, Caesars, Disney, ESPN, ESPN Bet, Penn Entertainment, CNBC's, CNBC, FanDuel, Ticketmaster, NFL, NBA, MLB, NHL, Google, Target, FedEx, Kraft Locations: U.S, Washington, PointsBet
☆ Caesars reports record Q3 EBITDA
  + stars: | 2023-11-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaesars reports record Q3 EBITDACNBC's Contessa Brewer reports on the latest from Caesars quarterly earnings results.
Persons: Contessa Brewer Organizations: Caesars
☆ The diversity of our hotel-casino-resorts has made us leaders in Asia, says LVS's Robert Goldstein
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe diversity of our hotel-casino-resorts has made us leaders in Asia, says LVS's Robert GoldsteinCNBC's Contessa Brewer and Robert Goldstein, Las Vegas Sands CEO, join 'The Exchange' to discuss the power of the Chinese consumer, Las Vegas Sands' latest earnings results, competition in the casino gaming space.
Persons: LVS's Robert Goldstein, Contessa Brewer, Robert Goldstein Organizations: Las Vegas Sands Locations: Asia, Vegas
☆ China's travel and tourism fuels Las Vegas Sands cash flow as Macao and Singapore bounce back
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's travel and tourism fuels Las Vegas Sands cash flow as Macao and Singapore bounce backCNBC's Contessa Brewer reports on the latest details from Las Vegas Sands' earnings results.
Persons: Contessa Brewer Organizations: Vegas Sands, Las Vegas Sands Locations: Macao, Singapore, Las Vegas
☆ Las Vegas Sands' Asia business is booming as casino Covid recovery accelerates
  + stars: | 2023-10-19 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +2 min
In this article LVS Follow your favorite stocks CREATE FREE ACCOUNTwatch nowLas Vegas Sands ' recovery from the Covid-19 pandemic is gaining steam, and Asia is a big reason why. Las Vegas Sands announced earnings of 55 cents per share on revenue of $2.8 billion. Las Vegas Sands CEO Rob Goldstein predicted on the company's earnings call that the destination could hit $40 billion annually in the near term. As cashflow increases, Las Vegas Sands is laying out new priorities for capital expenditures. Las Vegas Sands also announced a $2 billion share repurchase plan through 2025.
Persons: That's, Roslan Rahman, Sands, Covid, Rob Goldstein Organizations: Wednesday, Vegas Sands, LSEG, AFP, Getty, Sands Locations: Vegas, Asia, Singapore, Marina Bay, Sands, Macao, Marina Bay Sands
☆ Thousands of casino workers go on strike in Detroit
  + stars: | 2023-10-17 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +3 min
The work stoppage targets operations at the MGM Grand Detroit; owned by MGM Resorts International , MotorCity Casino; and Hollywood Casino at Greektown, owned by Penn Entertainment . They are represented by the Detroit Casino Council, which is made up of five unions including the United Auto Workers. MotorCity Casino updated its website showing that high limit table games, poker room and casino valet were closed – as well as its spa and some restaurants and bars. The DCC argues casino workers agreed to a three-year contract during the pressure-packed earlier days of the Covid pandemic. "In 2022, the Detroit casino industry generated $2.27 billion in gaming revenue and is on track for another record-breaking year in 2023.
Persons: MotorCity, Matt Buckley, we've Organizations: MGM, Detroit, MGM Resorts International, MotorCity, Hollywood, Penn Entertainment, Detroit Casino Council, United Auto Workers, CNBC, MCC, MGM's Midwest Group, MGM Grand, MGM Grand Detroit, DCC Locations: Greektown, Michigan, MGM Grand Detroit, Detroit
☆ Netflix agrees to a casino licensing deal based on the hit show Squid Game
  + stars: | 2023-10-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix agrees to a casino licensing deal based on the hit show Squid GameCNBC's Contessa Brewer reports on news from the gambling and streaming industries.
Persons: Contessa Brewer Organizations: Netflix
☆ SEC suing Elon Musk to force him to testify in Twitter probe
  + stars: | 2023-10-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC suing Elon Musk to force him to testify in Twitter probeCNBC's Contessa Brewer reports on breaking news concerning the SEC suing Tesla CEO Elon Musk.
Persons: Elon Musk, Contessa Brewer, Tesla Organizations: SEC, Twitter
☆ Thunderstorms in the U.S. account for $35 billion in insured damaged during the first half of '23
  + stars: | 2023-10-02 | by ( Contessa Brewer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThunderstorms in the U.S. account for $35 billion in insured damaged during the first half of '23CNBC's Contessa Brewer reports on the latest in an unpredictable year for weather events, and the stocks that are benefitting.
Persons: Contessa Brewer Locations: U.S
☆ Latino household wealth is growing: Here's what you need to know
  + stars: | 2023-09-28 | by ( Contessa Brewer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLatino household wealth is growing: Here's what you need to knowCNBC's Contessa Brewer reports on the jump in household wealth for Latinos over the last decade.
Persons: CNBC's Contessa Brewer
☆ State of Hispanic wealth: Hispanic wealth tripled since 2014
  + stars: | 2023-09-28 | by ( Contessa Brewer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState of Hispanic wealth: Hispanic wealth tripled since 2014CNBC's Contessa Brewer joins 'Squawk Box' to report on the state of Hispanic wealth.
Persons: Contessa Brewer Organizations: State
☆ Caesars paid millions in ransom to cybercrime group prior to MGM hack
  + stars: | 2023-09-14 | by ( Rohan Goswami Contessa Brewer | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
The cybercrime group has made a ransom demand to MGM as well, those sources told CNBC's Contessa Brewer. The 8-K report, similar to one filed by MGM Resorts on Wednesday, acknowledges the hack as a material event. The cybercrime group demanded a $30 million ransom from Caesars, but the company ultimately agreed to pay about half that, sources said. Bloomberg previously reported the ransom and that the same group is behind the attacks on both companies. It wasn't immediately clear why Caesars delayed filing the report disclosing the hack and ransom for weeks.
Persons: CNBC's Contessa Brewer, Charles Carmakal Organizations: Caesars, CNBC, MGM, U.S . Securities, Exchange, MGM Resorts, Google, Bloomberg, vx, Twitter, Security, SEC Locations: United States, Twilio
☆ MGM and Caesars hacked: FBI investigating cyber intrusion
  + stars: | 2023-09-14 | by ( Contessa Brewer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMGM and Caesars hacked: FBI investigating cyber intrusionCNBC's Contessa Brewer reports on a cybersecurity hack in the casino industry.
Persons: Contessa Brewer Organizations: MGM, Caesars
☆ A record 73 million Americans plan to bet on the NFL this season, survey says
  + stars: | 2023-09-06 | by ( Jessica Golden Contessa Brewer | Jessica Golden | Contessa Brewer | ) www.cnbc.com   time to read: +1 min
William Purnell | Icon Sportswire | Getty ImagesAs legalized sports gambling expands across the U.S., a record 73.5 million Americans plan to wager on the NFL this season, according to the American Gaming Association's latest survey on Americans' betting plans released Wednesday. Last year, an estimated 46 million people bet on the NFL in the U.S., according to the AGA. Out of all U.S. adults, 35.1 million people or 14% plan to bet online, while 13.6 million or 5% plan to bet at a physical sportsbook. Self-identified NFL fans are expected to place more bets than ever this season, with 37% projected to place a wager. "We expect this to be the most bet NFL season in BetMGM's history," Seamus Magee, trading team lead at BetMGM, told CNBC in an email.
Persons: Josh Allen, William Purnell, Seamus Magee Organizations: Buffalo, AFC Divisional, Kansas City Chiefs, Arrowhead, Getty, NFL, American Gaming, CNBC Locations: Kansas City , Missouri, U.S
☆ Total cost of Maui wildfire damage and economic loss between $8 to $10 billion: AccuWeather
  + stars: | 2023-08-11 | by ( Contessa Brewer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTotal cost of Maui wildfire damage and economic loss between $8 to $10 billion: AccuWeatherCNBC's Contessa Brewer joins 'Squawk Box' with the latest news out of Maui.
Persons: Contessa Brewer Locations: Maui
☆ Deadly Maui wildfires projected to have major economic impact on Hawaii
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeadly Maui wildfires projected to have major economic impact on HawaiiCNBC's Contessa Brewer joins 'Closing Bell Overtime' to talk the economic impact of the deadly wildfires in Hawaii.
Persons: Hawaii CNBC's Contessa Brewer Organizations: Hawaii CNBC's Locations: Hawaii
☆ Insurers are acting fast to process initial claims from fire devastation in Mau
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInsurers are acting fast to process initial claims from fire devastation in MauCNBC's Contessa Brewer joins 'Squawk on the Street' to discuss the state of wildfire destruction in Maui, Hawaii, shortages in shelter supplies for evacuees, and evaluating the insurance impact of Maui's wildfires.
Persons: Contessa Brewer Locations: Maui, Hawaii
☆ Maui wildfires: What you need to know
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaui wildfires: What you need to knowCNBC's Contessa Brewer joins 'Power Lunch' to discuss the struggle to account for missing persons in Hawaii, donations funneling in to help support the devastation in Hawaii, and the economic impact of the fire destruction.
Persons: CNBC's Contessa Brewer Locations: Hawaii
☆ PENN Entertainment CEO Jay Snowden sits down with Jim Cramer to talk ESPN partnership
  + stars: | 2023-08-09 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
PENN Entertainment CEO Jay Snowden sits down with Jim Cramer to talk ESPN partnership'Mad Money' host Jim Cramer and CNBC's Contessa Brewer sit down with PENN entertainment President and CEO Jay Snowden to talk PENN's new partnership with ESPN.
Persons: Jay Snowden, Jim Cramer, Contessa Brewer Organizations: PENN Entertainment, ESPN, PENN
☆ After divesting Barstool Sports, Penn Entertainment CEO says Dave Portnoy is the only 'natural owner' for the company long term
  + stars: | 2023-08-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Penn Entertainment CEO Jay Snowden told CNBC's Jim Cramer and CNBC's Contessa Brewer that the only natural owner of Barstool Sports was David Portnoy, who founded the company in 2003. Penn Entertainment, a gambling firm, announced Tuesday it would be divesting Barstool — selling the entity back to Portnoy — while entering a $1.5 billion deal with Disney 's ESPN to launch a betting sportsbook. "Dave Portnoy is the only natural owner for Barstool sports long term," Snowden said. Snowden explained that the company realized its product was quickly becoming outdated by having to rely on a third-party platform. The ESPN deal marks the first time the brand will be on a sports betting platform, known as ESPN Bet.
Persons: Jay Snowden, Jim Cramer, Contessa Brewer, David Portnoy, Portnoy —, Dave Portnoy, Snowden, Wednesday's, DraftKings Organizations: Penn Entertainment, Barstool Sports, Disney, ESPN, ESPN Bet
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