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"The Colorado Division of Gaming is not currently and has not considered allowing sports betting wagers on WWE matches," they said. It issued a public statement advising WWE to work with the gaming industry. replied Adam Greenblatt, CEO of BetMGM, whether he would be eager to accept wagers on the WWE's scripted matches. The American Gaming Association, which represents both commercial and tribal operators, told CNBC: "Both regulators and operators must have confidence in the integrity of the competitions." "Ultimately, most industry stakeholders seem to view WWE betting as even more optically-challenging than betting on awards shows," Sharp Alpha Advisors managing director Lloyd Danzig said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaming regulators push back against betting on WWE scripted matchesCNBC's Contessa Brewer joins Brian Sullivan and 'Last Call' to report on whether the WWE's made any progress in its effort to allow gamblers to bet on scripted wrestling matches.
A deeper look at the company's billing practices revealed what appeared to be Medicare fraud, Pérez Aybar said. Fraud flourishesThat's just one of thousands of examples of how Medicare fraud is flourishing — not only in south Florida, but across the country. Taxpayers are losing more than $100 billion a year to Medicare and Medicaid fraud, according to estimates from the National Health Care Anti-Fraud Association. This convicted felon says Medicare and Medicaid fraud is "very easy" to get away with. The same pills could be sold and resold multiple times with different phony patients, billing Medicare each time.
Crooks target Medicare and Medicaid to the tune of $100 billion
  + stars: | 2023-03-09 | 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 EmailCrooks target Medicare and Medicaid to the tune of $100 billionCNBC’s Contessa Brewer joins CNBC's Brian Sullivan and 'Last Call' to investigate Medicare and Medicaid fraud and what’s being done about it.
Sports leagues go all-in on gambling
  + stars: | 2023-03-03 | 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 EmailSports leagues go all-in on gamblingAt the MIT Sloan Sports Analytics Conference, top executives talk about the intersection of sports, gambling and diversity.
In a room full of executives in the sports or gambling industries, she's often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation's market leader in sports betting. But in many conversations — off the stage and behind the scenes — it's clear Howe stands as a role model to other women in sports and gambling. "We're working to make sure that we're not just hiring [women], but we're finding them, we're training them, we're providing opportunities for women. Jessica Gelman, who co-founded the MIT Sloan conference, is the CEO of Kraft Analytics Group, a company that provides sports analytics to teams like the New England Patriots.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe CEO of FanDuel parent Flutter Entertainment on the state of online gambling, and a potential U.S. stock listingCNBC's Contessa Brewer speaks exclusively with Flutter Entertainment CEO Peter Jackson about the company's full-year results, and whether there are plans for a potential stock listing in the U.S.
In this photo illustration the FanDuel logo of a sports betting company is seen on a smartphone. FanDuel parent Flutter Entertainment said Tuesday it is considering listing on a U.S. stock exchange. FanDuel is the nation's sports betting market leader and is on track for full-year profitability in 2023, according to the company. Jefferies analysts said it would command a premium, "as market leader in the larger global online gambling market." Flutter said an additional listing in the U.S. would elevate its brand and help the company attract and retain talent.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFanDuel parent Flutter considering going public in the U.S. amid sports-betting boomCNBC's Contessa Brewer reports on sports gambling activity after Super Bowl 57, and why FanDuel's parent company, Flutter, is considering going public on the U.S. stock market.
FanDuel's parent company considering U.S. listing
  + stars: | 2023-02-14 | 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 EmailFanDuel's parent company considering U.S. listingCNBC's Contessa Brewer reports that Flutter Entertainment, the parent company of FanDuel, is considering a U.S. listing.
FanDuel expected to handle more than 17 million Super Bowl bets. GeoComply , a company that verifies the locations where gamblers are betting, saw 100 million sports betting transactions this Super Bowl weekend, an increase of 25% over last year. It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. "This was BetMGM's most successful Super Bowl and most bet on single game sporting event ever," the company told CNBC. Already, sportsbooks are accepting wagers for next year's Super Bowl, which, for the first time, will take place in America's gambling capital – Las Vegas.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFanDuel takes 50K bets per second in sports betting's biggest nightCNBC's Contessa Brewer reports on the big night for sports betting.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how the sports gambling landscape has changed in the last five yearsCNBC's Contessa Brewer reports on the big day ahead for sports gambling companies.
The names were a member of Roundhill Sports Betting & iGaming ETF , VanEck Gaming ETF , and/or iBet Sports Betting & Gaming ETF . Of the gaming companies on the list, Caesars Entertainment has the most upside to the average analyst price target, 26.2%. Caesars gaming empire includes Caesars Sportsbook, which came out of the company's 2021 $4 billion acquisition of William Hill . MGM Resorts follows with 23% upside to the average analyst price target. The stock, which has gained nearly 6% so far this year, has 11% upside to the average analyst price target.
Super Bowl and sports gambling: The push for responsible gaming
  + stars: | 2023-02-10 | 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 EmailSuper Bowl and sports gambling: The push for responsible gamingCNBC's Contessa Brewer joins "Worldwide Exchange" to report on rising concerns over problem gambling ahead of Super Bowl 57 and amid the rise of legal sports betting.
Why Joe Terranova calls casinos the 'dinosaurs of the desert'
  + stars: | 2023-02-08 | 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 EmailWhy Joe Terranova calls casinos the 'dinosaurs of the desert'CNBC's Contessa Brewer joins the 'Halftime Report' to discuss casino earnings coming later today and what that could mean about the health of consumers. The investment committee weighs in on the sector.
Earnings Alert: Wynn and MGM on the move
  + stars: | 2023-02-08 | by ( Melissa Lee | ) 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 EmailEarnings Alert: Wynn and MGM on the moveCNBC's Contessa Brewer on Wynn and MGM earnings. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, Guy Adami and Julie Biel.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecord number of people to wager on Super Bowl LVII, according to American Gaming AssociationCNBC's Contessa Brewer reports on the latest survey from the American Gaming Association that shows 50.3 million plan to gamble on Super Bowl LVII, raising the total 'handle' on the game to $16 billion.
Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it's tougher to turn a sportsbook profit during the third and fourth quarters because companies spend more on marketing and promotions during football season. Penn's interactive business, which also includes online casino games, made a $5.2 million profit on $208 million in revenue during the fourth quarter of 2022. Caesars also took a hit from Mattress Mack's baseball bet, which blocked its own ability to turn a profit in sports betting in the fourth quarter, according to results pre-released as a result of a debt refinancing. Still shares declined Thursday, after CEO Jay Snowden, on an earnings call, blamed overall lackluster fourth quarter earnings on bad weather in December.
DraftKings cuts 140 jobs as part of reorganization
  + stars: | 2023-02-01 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +1 min
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston. DraftKings is eliminating 140 jobs, or about 3.5% of its workforce, as part of a reorganization. DraftKings said it's shifting investment from business-to-business into mobile developments. DraftKings also said roles are being eliminated in the U.S and internationally, but primarily in its Europe, Middle East and Africa segment. Earlier this week, DraftKings and Molson Coors announced a partnership related to their Super Bowl ad.
Insurance brokers cash in on risk
  + stars: | 2023-01-27 | 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 EmailInsurance brokers cash in on riskCNBC's Contessa Brewer breaks down why the insurance brokers are a good bet for 2023.
The Week Ahead: Big earnings week on tap
  + stars: | 2023-01-20 | 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 EmailThe Week Ahead: Big earnings week on tapCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
The Week That Was: Tech layoffs hit Microsoft and Alphabet
  + stars: | 2023-01-20 | 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 EmailThe Week That Was: Tech layoffs hit Microsoft and AlphabetCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLas Vegas Sands is ready to place a big bet on the big AppleCNBC's Contessa Brewer on LVS preparations for a Long Island casino. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
Casino playbook: Bracing for change in 2023
  + stars: | 2022-12-30 | 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 EmailCasino playbook: Bracing for change in 2023CNBC's Contessa Brewer reports on the casino sector's prospects in 2023.
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