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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChiefs and 49ers face pop quiz on economy, AI and the stock market ahead of Super Bowl 58CNBC's Contessa Brewer reports from Las Vegas ahead of Super Bowl 58, quizzing the San Francisco and Kansas City rosters on the economy, AI, Elon Musk and the stock market.
Persons: Contessa Brewer, Elon Musk Organizations: Chiefs, 49ers, Super, San Francisco and Kansas City Locations: Las Vegas, San Francisco and
Game-winning stocks
  + stars: | 2024-02-08 | 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 EmailGame-winning stocksCNBC's Contessa Brewer reports on public companies with exposure to the big game.
Persons: Contessa Brewer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCirca Resort & Casino CEO on sports betting, Super Bowl 58 and costs of labor dealsCNBC’s Contessa Brewer with Circa Resort & Casino CEO Derek Stevens joins 'Power Lunch' to discuss betting on the Super Bowl and sports gambling.
Persons: Contessa Brewer, Derek Stevens Organizations: Casino, Super Bowl
Investors are embarking on a hectic week with key tech companies reporting and a big Federal Reserve meeting – and it could shape the next steps for the stock market's rally, said Fundstrat's Tom Lee. The surge in Big Tech helped carry the S&P 500 to a fresh record – and its first close above 4,900. "We were penciling in 5,000 [on the S&P 500], and we could maybe go higher," he said. "I do think we continue to be strong, but then after that, there's a big air pocket," Lee added. His year-end target for the S&P 500 is 5,200.
Persons: Tom Lee, Lee, CNBC's Contessa Brewer Organizations: Research, Fundstrat Global Advisors, Investors, Reserve, Microsoft, Apple, Meta, Big Tech, Dow Jones
FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings . But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and 51% based on net revenue. But while FanDuel outperforms its competitors, its biggest rival DraftKings grabs the headlines and spotlight in earned media as the biggest (some might argue, the only) publicly traded pure play in sports betting. Shares of DraftKings have soared more than 150% over the last 12 months and are up 9% year to date.
Persons: FanDuel, DraftKings Organizations: New York Stock Exchange, London Stock Exchange, NYSE Locations: United States, FanDuel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnder-the-radar sports betting stocks: Genius Sports and SportradarCNBC's Contessa Brewer reports on sports betting stocks, and the under-the-radar stocks that investors should know about. Charles Scherr, vice president of capital markets at Genius Sports, joins the show.
Persons: CNBC's Contessa Brewer, Charles Scherr Organizations: Genius Sports
FanDuel parent Flutter shares soar
  + stars: | 2024-01-18 | 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 EmailFanDuel parent Flutter shares soarCNBC's Contessa Brewer joins 'Power Lunch' to discuss the FanDuel parent Flutter as the stock soars on U.S margins.
Persons: Contessa Brewer
After all, Las Vegas is the headquarters of the family's empire, even if it doesn't have any casino resorts in the city anymore. Adelson is the widow of Las Vegas Sands founder Sheldon Adelson, who died in January 2021. And Las Vegas is now a preeminent destination for sports, with the NHL's Golden Knights, the NFL's Raiders, the WNBA's Aces and a Formula 1 Grand Prix. He is also the president and chief operating officer of Las Vegas Sands. Las Vegas Sands itself has spent years and millions of dollars as well in pursuit of the same goal.
Persons: Miriam Adelson, Adelson, Sheldon Adelson, Adam Silver, LeBron James, he's, Shaquille O'Neal, Patrick Rishe, St . Louis, Dumont, Mark Cuban, Patrick Dumont, Miriam Adelson's, Sivan, Cuban, Sands Organizations: Dallas Mavericks, Western, Golden State Warriors, American Airlines Center, Dallas , Texas ., Las Vegas Sands, NBA's Dallas Mavericks, Vegas Sands, Golden Knights, NFL's Raiders, WNBA's Aces, League Baseball's, Vegas, NBA, Sacramento Kings, Washington University, Dallas, CNBC, Sands, Apollo Global Management, VICI, Mavericks, Dallas Morning News Locations: Dallas , Texas, Las Vegas, Vegas, Oakland, St ., Dallas, Vegas Sands, Texas
Workday notched adjusted earnings of $1.53 per share on $1.87 billion in revenue, while analysts surveyed by LSEG, formerly known as Refinitiv, expected $1.41 in earnings per share and $1.85 billion in revenue. Leslie's is calling for an adjusted loss of 21 cents to 20 cents per share, compared to analysts' expectations for a loss of 16 cents per share, according to FactSet. Fourth-quarter adjusted earnings were also below expectations. Las Vegas Sands — The casino operator slipped 3.5% after it announced that Miriam Adelson would sell $2 billion in shares. Daily Journal — Shares of the Daily Journal are expected to be active.
Persons: NetApp, FactSet, Jabil, Miriam Adelson, Adelson, Charlie Munger, Berkshire Hathaway, — CNBC's Contessa Brewer, Darla Mercado Organizations: Wall, LSEG, Vegas Sands, Las Vegas Sands, Daily, Daily Journal, Berkshire Locations: Pleasanton , California, Vegas, Las Vegas
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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