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☆ US-Mexico border security is stretching troops thin, placing demands 'not related to their military mission set,' National Guard chief says
▼ + stars: | 2024-07-19 | by ( Steve Beynon | ) www.businessinsider.com time to read: +7 min

For decades, the National Guard has had some level of presence on the southwest border. The border mission is mostly static security and surveillance, but troops typically are not allowed to interact directly with migrants or suspected smugglers. It also has been contributing to retention issues that have plagued the Army National Guard. The move sparked numerous questions on the ethics and legality of privately funding National Guard operations — and came as Noem was boosting her national profile. The National Guard has frequently been caught in the middle between state politicians and federal officials.

Persons: —, Daniel Hokanson, Military.com, Greg Abbott's, Chip Somodevilla, Hokanson, Herika Martinez, Christine Wormuth, JOSEPH PREZIOSO, Kristi Noem, megadonor Willis Johnson, Noem Organizations: Service, National Guard, Guard's, Business, Gov, Lone Star, Capitol Hill, US, Army National Guard, Army Guard, Guardsmen, Texas National Guard, AFP, Getty, Army, Guard, Massachusetts National Guard, South Dakota Republican Gov, Governors Locations: Mexico, Texas, Kuwait, Iraq, Afghanistan, Ukraine, Africa, AFP

☆ US Army awarded $10.3 million to a family exposed to black mold while living in military housing in Texas
▼ + stars: | 2024-07-04 | by ( Steve Beynon | ) www.businessinsider.com time to read: +4 min

Read previewAn Army family at Fort Cavazos in Texas was awarded $10.3 million Monday after living in a mold-infested home run by a private Army housing company and repeated hospitalizations of their newborn infant for respiratory difficulties. Meanwhile, private military housing providers operate with relatively little oversight from the Army despite years of outcry from service members and lawmakers on Capitol Hill. The house the Kiernans lived in and its subsequent maintenance was managed by Cavalry Family Housing, which has some 5,000 homes around Fort Cavazos in its portfolio. A government contractor takes a step back to ensure the letters are aligned correctly at the main gate of the newly-designated Fort Cavazos. US Army photo by Eric Franklin, Fort Cavazos Public AffairsAfter returning home from pediatric intensive care, Grant was again hospitalized two days later.

Persons: —, Jason Kiernan's, Sarah, Sarah Kiernan, Military.com, Grant, Eric Franklin, Fort, Kiernan, Jason Kiernan, Christine Wormuth Organizations: Service, Business, Army, Capitol, Cavalry, US, Fort Cavazos Public Affairs, Military.com Locations: Fort Cavazos, Texas, Austin , Texas, Cavazos, Fort Campbell , Kentucky

☆ Army National Guard hasn't paid out enlistment bonuses to thousands of soldiers, alarming House lawmakers
▼ + stars: | 2024-05-02 | by ( Steve Beynon | ) www.businessinsider.com time to read: +5 min

House lawmakers criticized the National Guard over enlistment bonuses owed to more than 13,000 soldiers. AdvertisementA bipartisan group of House lawmakers is demanding answers from the Army National Guard on its plans to pay delinquent enlistment bonuses to the thousands of soldiers who are owed. A US soldier with the Oklahoma National Guard stands watch along a perimeter fence near the US Capitol in Washington, DC. US Army National Guard photo by Sgt. AdvertisementThe backlog was particularly inflamed by two 10-month outages of the Army National Guard Incentive Management System, or GIMS, which manages bonuses.

Persons: —, Daniel Hokanson, Ruben Gallego, Mike Waltz, Trent Kelly, they're, Thomas Alvarez, It's, isn't, Anthony Jones, Kelly, Hanna Smith Organizations: National Guard, Service, Army National Guard, Guard's, Democrat, Florida Republican, Republican, Guard, Idaho National Guard, Operation Spartan, US, Oklahoma National Guard, US Army National Guard, National Guard Bureau, US Army, Air National Guardsmen, Civil Disturbance Unit, Capitol Police, US Air National Guard, Staff, Army National Guard Incentive Management Locations: Arizona, Florida, Mississippi, Asia, Washington , DC

☆ Sports Gambling Was a Gateway Drug to Online Gambling and the Lottery
▼ + stars: | 2024-03-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

As the prevalence of online betting grows, there's plenty of revenue to be had. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue. Of course, as fun as sports gambling is — as is gambling in general — it has some serious downsides for society. According to the National Council on Problem Gambling, 2 million Americans have a severe gambling problem, and another 4 million to 6 million a mild or moderate problem. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue.

Persons: Lia Nower, DraftKings, Jason Robins, iGaming, Robins, DraftKings isn't, —, West Virginia —, Chad Beynon, Benyon, they're, Nower, Chris Grove, Grove, There's, let's, I've, legalizes iGaming, Emily Stewart Organizations: Knicks, Sports, Disney, American Gaming Association, NBA, NFL, Center for Gambling Studies, Rutgers University, Golden Nugget, Caesars, MGM, Macquarie, Companies, Atlantic City, Acies Investments, EKG Ventures, Vegas, National Council, Business Locations: Washington, Boston, Dublin, — New Jersey , Connecticut, Delaware , Michigan, Rhode Island , Pennsylvania, West Virginia, New York, Atlantic, New Jersey, Jackpocket, America

☆ Macquarie Capital: $1.5 billion to be wagered on Super Bowl LVIII
▼ + stars: | 2024-02-09 | 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 EmailMacquarie Capital expects over $1.5 billion to be wagered on Super Bowl LVIIIChad Beynon of Macquarie Capital shares his predictions that Super Bowl LVIII will have on the sports betting industry.

Persons: Chad Beynon Organizations: Macquarie Capital

☆ The CEO of FanDuel's owner Flutter explains how its US stock debut could boost its edge over rivals like DraftKings and why it thinks of itself as a media business
▼ + stars: | 2024-01-31 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's a great opportunity to bring the world's leading sports betting and gaming business to the world's leading capital market." AdvertisementJackson said he believes the US listing will help the company win media attention and new investors. DraftKings narrowly edged out in August FanDuel's market-share lead in the broader online gambling space that includes casino-style games, per EKG. "FanDuel is undoubtedly a media business," Jackson said.

Persons: —, Peter Jackson, Jackson, Paddy Power, it's, DraftKings, FanDuel, Pat McAfee, Charles Gillespie, Chad Beynon, Beynon Organizations: Service, New York Stock Exchange, Wall, Business, PokerStars, London Stock Exchange, Krejcik, Penn, ESPN Bet, Media, TVG, Gambling.com Group, Macquarie, Wall Street, Rush Street Interactive, Caesars Entertainment, Genius Sports, Research, Jefferies Locations: New York, London, Europe, Sportsbet, Australia, America, Sands

☆ BetMGM's CEO describes his strategy to hold onto its No. 3 spot in US sports betting as Fanatics and ESPN Bet circle
▼ + stars: | 2023-11-27 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

BetMGM CEO Adam Greenblatt knows Fanatics and ESPN Bet are looking to eat his lunch. However, it has lost some ground, hovering around 15% market share in the third quarter compared to about 20% a year earlier. And a new crop of competitors including Fanatics and Penn Entertainment's ESPN Bet are vying for its position. "Everyone's kind of fighting for that third and fourth spot," Macquarie gambling analyst Chad Beynon told Business Insider in September. Online casino gaming, also known as igaming, is legal in only a handful of US states and has expanded slower than legal sports betting.

Persons: Adam Greenblatt, BetMGM, Penn, Macquarie, Chad Beynon, Greenblatt, We've, we're, Entain, we've, we'll, " Greenblatt, it's Organizations: ESPN Bet, Krejcik, MGM Resorts, Business, BI, MGM, Detroit Lions Locations: North America, Borgata's, Atlantic City, Michigan

☆ Fanatics and ESPN are ready to shake up sports betting this fall. Here are the 5 battlegrounds to watch during the biggest gambling season of the year.
▼ + stars: | 2023-09-08 | by ( Ashley Rodriguez | Margaret Fleming | ) www.businessinsider.com time to read: +10 min

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 US Army's Green Berets have struggled to bring enough recruits into their elite ranks, data shows
▼ + stars: | 2023-06-08 | by ( Steve Beynon | ) www.businessinsider.com time to read: +8 min

Army Special Forces has struggled to bring in new talent since before the pandemic, recruiting data shows. These elite troops, known as Green Berets, are the military's go-to force for guerrilla warfare. But the service's Special Forces has been struggling to bring in new talent since before the pandemic, recruiting data shows. It exceeded its goals that year with 1,358 new Special Forces contracts, but dropped again with 779 recruits in 2022. So far this year, 527 new applicants have signed on to try for the Green Berets.

Persons: —, Jon Braga, Military.com, we've, Braga, you'll, Camp, Katherine Kuzminski, Militarry.com, Z, Kuzminski, It's Organizations: Special Forces, Green Berets, Service, Army, Forces, Green Beret, Military.com, Green, U.S . Army, Operations Command, U.S . Army CH, Southern Strike, Center, New, New American Security, Special Forces Groups, 75th Ranger Regiment, Defense Department, Navy, National Guard Locations: America, Camp Shelby , Mississippi, Afghanistan, New American

☆ 9 deals that could shape US sports betting this year, as pent-up demand for M&A could bring operators like Fanatics back to the negotiating table
▼ + stars: | 2023-03-02 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Sports-betting insiders say there's pent-up demand for M&A in the industry after dealmaking slowed to crawl last year. That may mean fewer media and other deals that don't offer a clear return on investment or cost efficiencies.. That may mean fewer media and other deals that don't offer a clear return on investment or cost efficiencies. One thing we may see less of this year is operators looking to bring their entire tech stacks in-house, like when Bally's acquired Bet.Works and PointsBet bought Banach Technologies. Here are nine potential deals industry insiders are watching in 2023, and how they could shake up the industry:

☆ The US Army has to rename its new rifle after accidentally using the name of another gun
▼ + stars: | 2023-01-19 | by ( Steve Beynon | ) www.businessinsider.com time to read: +4 min

The US Army is changing the name of its new rifle after accidentally taking a name from another gun. The light machine gun set to replace the M249 Squad Automatic Weapon, or SAW, the M250, will not change. "The Army originally chose the designation XM5 as the name of the new rifle in March," a service spokesperson said in a statement. The 6.8mm was seen as a compromise between the light ammo currently used and the 7.62mm ammo used in the M240B machine gun that would be very heavy for a standard rifleman. Soldiers will also use 20-round magazines, a 10-round decrease from the magazines the Army has been using for decades.

☆ How to play the gaming industry, with Macquarie's Chad Beynon
▼ + stars: | 2023-01-18 | 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 EmailHow to play the gaming industry, with Macquarie's Chad BeynonChad Beynon, senior analyst at Macquarie, joins 'Power Lunch' to discuss technological developments driving online sports betting, the impact digital betting could have on Vegas' casino landscape and skepticism about the return on investment from Macau's gaming sector.

☆ US Army general retires without 'reprimand or admonishment' after spat over Tucker Carlson segment about women in the military
▼ + stars: | 2023-01-03 | by ( Steve Beynon | ) www.businessinsider.com time to read: +8 min

"I retired honorably and without any reprimand or admonishment," Donahoe told Military.com in an interview. Military.com interviewed multiple women Donahoe frequently engaged with on Twitter, none of whom described his behavior as inappropriate. Multiple senior service officials and rank-and-file troops interviewed by Military.com blasted the Army's slow response, saying it suggested women serving at all is inherently political. "So let me be clear: I expect [Army] leaders to stand up for women — and all Soldiers — who are unduly attacked or disrespected." Related: 'The Army Gave a Hunting Permit to Radical Partisans': What a General's Bout with Fox Could Mean for Women

☆ The US Army is reinventing basic training to appeal to Gen Z
▼ + stars: | 2022-10-28 | by ( Steve Beynon | ) www.businessinsider.com time to read: +8 min

The revamp is driven partly by the Army's need to appeal to Gen Z, who are reaching enlistment age. Read Next: Airman Faked Racist Texts Claiming He Was Denied Special Duty, Investigation FindsThe shift follows substantial changes in the Army's physical training. And the revamp is driven partly by the Army's need to appeal to Gen Z, who are now reaching enlistment age. An Army drill instructor with new soldiers. A US Army drill sergeant walks through a formation of recruits at Fort Jackson in South Carolina in November 2019.

☆ After a general's clash with Fox News' Tucker Carlson, soldiers worry the US Army 'has gone full MAGA'
▼ + stars: | 2022-10-10 | by ( Steve Beynon | ) www.businessinsider.com time to read: +7 min

"Intentionally or not, this whole thing showed women that we are not worth defending," one noncommissioned officer told Military.com. To some, scrutinizing Donahoe's defense of women online is being seen as the service bending the knee to right-wing media. … The Army has gone full MAGA," the general said, referencing former President Donald Trump's campaign slogan, Make America Great Again. Other Army leaders backed the sentiment, including Grinston, who said on Twitter, "Women lead our most lethal units with character. Department of DefenseDonahoe was an avid user of social media at a time when most military leaders were wary of some of the risks of being active in the military community online.

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