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Search resuls for: "Contessa Brewer"


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☆ Florida passes new law to tackle insurance fraud, high premiums
  + 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 EmailFlorida passes new law to tackle insurance fraud, high premiumsFlorida Gov. Ron DeSantis has signed a new law to tackle an insurance crisis in the state. CNBC's Contessa Brewer joins 'Squawk Box' with the details.
☆ Concession awards mark a reset for Macao casinos
  + stars: | 2022-12-18 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +4 min
With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a new beginning for the world's preeminent gambling destination, Macao. The Macao government awarded six companies new 10-year concessions to operate their integrated casino resorts. This month, Macao has seen an increase in tourism from mainland China from visitors trying to get an mRNA Covid vaccine. A rise in Covid infections around China caused November gaming revenue in Macao to fall 23% from October and plummet 99% from November 2019 pre-pandemic levels, according to government data. Fitch estimates Singapore will achieve 80% of its pre-pandemic gaming revenue in 2022, and 95% in 2023.
☆ The Week That Was: Another strong jobs report
  + stars: | 2022-12-02 | 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: Another strong jobs reportCNBC's Contessa Brewer looks back at the week's top business and financial stories.
☆ The Week Ahead: Big week for earnings
  + stars: | 2022-12-02 | 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 week for earningsCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
☆ Fortune 500 CEOs send mixed messages about Musk's Twitter
  + stars: | 2022-12-02 | 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 EmailFortune 500 CEOs send mixed messages about Musk's TwitterCNBC's Contessa Brewer reports on news around Elon Musk's newly-acquired company, Twitter, and how large companies are feeling about advertising on the social media site.
☆ CNBC Chart of the Day: Wynn Resorts
  + stars: | 2022-12-02 | 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 EmailCNBC's chart of the day on Wynn ResortsCNBC's Contessa Brewer joins the 'Halftime Report' to walk through the chart on Wynn Resorts, offering commentary on casinos post-Covid as well as the ongoing protests in China.
☆ Las Vegas Strip's biggest property owner in deal to take full ownership of two casinos
  + stars: | 2022-12-01 | by ( Contessa Brewer Jessica Golden | Contessa Brewer | Jessica Golden | ) www.cnbc.com   time to read: +3 min
The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI currently owns a 50.1% stake in the property, which it acquired when it bought MGM Growth properties in May. Strip casinos are seeing a 20% surge in revenue through October to $6.8 billion in gaming revenue from a year ago. "It's further evidence that Las Vegas remains amongst the most in-demand destinations in the world," said Rosemary Vassiliadis, Clark County's director of aviation. And hotel revenue in Las Vegas was up 51% in October compared with October 2019, before the pandemic, according to the Las Vegas Convention and Visitors Authority.
☆ 20.5 million Americans expected to wager $1.8 billion on Qatar World Cup
  + stars: | 2022-11-18 | 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 Email20.5 million Americans expected to wager $1.8 billion on Qatar World CupSports betting companies are gearing up for the start of the World Cup on Sunday in Qatar. CNBC's Contessa Brewer joins 'Squawk Box' to break down the details.
☆ The Week That Was: PPI rises just .2%, less than expected
  + stars: | 2022-11-18 | 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 EmailThe Week That Was: PPI rises just .2%, less than expectedCNBC's Contessa Brewer looks back at the week's top business and financial stories.
☆ The Week Ahead: Thanksgiving dinner gets more expensive
  + stars: | 2022-11-18 | 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 EmailThe Week Ahead: Thanksgiving dinner gets more expensiveCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
☆ FanDuel to new rivals: Good luck with sports betting − you're going to need it
  + stars: | 2022-11-17 | by ( Contessa Brewer Jessica Golden | Contessa Brewer | Jessica Golden | ) www.cnbc.com   time to read: +3 min
The remarks go against expectations in the gaming industry that FanDuel will cede some of its dominance as new players work to grab a bigger share of the sports betting market. Rubin predicts sports betting and Fanatics' other business segments "could be $8 billion, even in the next decade, in profits." And FanDuel boasts a 42% market share, based on published reports by state gaming regulators. Of the 59 sports betting operators in the U.S. in October, only three had double-digit market share. "Almost 90% of the operators have a sub-2% share of the market," Howe said.
☆ Explosion in Poland killed two citizens, officials considering consultations with NATO
  + stars: | 2022-11-15 | 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 EmailExplosion in Poland killed two citizens, officials considering consultations with NATOCNBC's Contessa Brewer joins 'Closing Bell: Overtime' to report on the latest from the blast in Poland.
☆ Mattress Mack's record $75 million Astros payout will cost Caesars, Penn big this quarter
  + stars: | 2022-11-07 | by ( Jessica Golden Contessa Brewer | Jessica Golden | Contessa Brewer | ) www.cnbc.com   time to read: +3 min
Mattress Mack's record-breaking $75 million payout on a wager that the Houston Astros would win the World Series will cost Caesars and Penn Entertainment big in their digital businesses this quarter. With the Astros' second-ever World Series win on Saturday, McIngvale clinched a $75 million payout. "I think if Mattress Mack doesn't hit, we'll be profitable in Q4," Snowden said then. We just wrote the biggest check in sports betting history to Mattress Mack for $30,000,000. "My real interest is making sure the customers win because the customers will be happy and thrilled and smiling," he said.
☆ The Week That Was: Fed dampens Wall Street's enthusiasm
  + stars: | 2022-11-04 | 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: Fed dampens Wall Street's enthusiasmCNBC's Contessa Brewer looks back at the week's top business and financial stories.
☆ The Week Ahead: October CPI due Thursday
  + stars: | 2022-11-04 | 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: October CPI due ThursdayCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
☆ Caesars posts earnings beat
  + stars: | 2022-11-02 | by ( Contessa Brewer | 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 EmailCaesars posts earnings beatCaesars entertainment topped analyst estimates for both the top and bottom lines during its latest quarter.
☆ Companies are blaming a new culprit for earnings woes: Electricity costs
  + stars: | 2022-11-02 | by ( Robert Hum | ) www.cnbc.com   time to read: +4 min
Companies continue to battle inflation on a variety of fronts, but a new source is increasingly being called out: electricity costs. But this earnings season, a number of companies have cited notably higher electricity costs over the summer that put pressure on operating margins – and ultimately the bottom line. And some of these companies anticipate these higher costs aren't going away just yet. As reported by CNBC's Contessa Brewer, higher electricity costs in Las Vegas cut into EBITDA by as much as $20 million. That likely translates to higher electricity costs.
☆ The Week That Was: Musk takes over Twitter
  + stars: | 2022-10-28 | 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: Musk takes over TwitterCNBC's Contessa Brewer looks back at the week's top business and financial stories.
☆ Mattress Mack's $10 million bets on the World Series could net him a record $75 million
  + stars: | 2022-10-28 | by ( Jessica Golden Contessa Brewer | Jessica Golden | Contessa Brewer | ) www.cnbc.com   time to read: +2 min
Jim McIngvale, the Texas furniture salesman who famously hedges sports bets with furniture promotions, said he has placed a total of $10 million of bets on his beloved Houston Astros in this year's World Series. This time, If you spend $3,000 or more on a mattress, your purchase is free – if the Astros win. Mack placed the largest of his World Series bets, $3 million, on May 13 with Caesars at 10-1 on the Astros to win. His World Series bets have taken him all over the country, as sports gambling is not legal in his home state of Texas, he said. In 2017, when the Astros won the World Series, Mack doled out millions in refunds.
☆ The Week Ahead: Fed rate decision
  + stars: | 2022-10-28 | 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: Fed rate decisionCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
☆ All in or cash out? Trading Las Vegas Sands results
  + stars: | 2022-10-19 | 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 EmailAll in or cash out? Trading Las Vegas Sands resultsCNBC's Contessa Brewer reports on Las Vegas Sands earnings and expectations. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Bonawyn Eison and Carter Worth.
☆ Fanatics hires finance chief for sports-betting division before January launch
  + stars: | 2022-10-18 | by ( Jessica Golden Contessa Brewer | Jessica Golden | Contessa Brewer | ) www.cnbc.com   time to read: +2 min
The sports platform and e-commerce company, which has been valued at more than $27 billion, said Tuesday it hired Andrea Ellis to be the chief financial officer of its betting and gaming division. Fanatics CEO Michael Rubin said last week the company expects to launch the unit in January. At Fanatics, she will be tasked with scaling the new division and providing strategic and operational leadership, the company said. She'll report to Matt King, Fanatics Betting and Gaming CEO, who previously was CEO at FanDuel. Rubin predicts sports betting and Fanatics' other business segments "could be $8 billion, even in the next decade, in profits."
☆ The Week Ahead: Earnings season kicks off
  + stars: | 2022-10-14 | 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 EmailThe Week Ahead: Earnings season kicks offCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
☆ The Week That Was: Chip stocks struggle
  + stars: | 2022-10-14 | 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 EmailThe Week That Was: Chip stocks struggleCNBC's Contessa Brewer looks ahead to what are likely to be next week's top business and financial stories.
☆ MGM Resorts CEO Bill Hornbuckle discusses current economic landscape
  + stars: | 2022-10-11 | 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 EmailMGM Resorts CEO Bill Hornbuckle discusses current economic landscapeBill Hornbuckle, president and CEO of MGM Resorts, joins CNBC's Contessa Brewer to discuss the current economic landscape for gaming and sports betting.
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